Techmeme
May 31, 2022, 3:50 PM

Top News

David Heaney / UploadVR:
Kuo: Sony will mass produce ~1.5M units of its PSVR 2 headset in H2 2022 for a possible Q1 2023 launch, depending on the development schedule of flagship games  —  A prominent supply chain analyst claims PSVR 2 mass production will begin in the second half of this year.
Gary Silverman / Financial Times:
At a CFTC meeting, agricultural groups criticized FTX CEO Sam Bankman-Fried's plan for automated risk management and 24/7 trading in leveraged futures markets  —  Agricultural groups criticise FTX plan for round-the-clock risk management in leveraged futures market
Dean Takahashi / VentureBeat:
Menlo Microsystems, which aims to make circuit breakers and electrical switches far more efficient, raises $150M, bringing its total raised to $225M  —  Menlo Microsystems unveiled its Ideal Switch recently and it also raised $150 million to shake up the electronics industry.
Jason Mikula / Fintech Business Weekly:
Filings for Q1 2022: Varo, the first US neobank to be granted a bank charter, had a high $84M burn rate and 98% of its income came from interchange and fees  —  What the Regulators Should (and Shouldn't) Do to Encourage Competition  —  Hey all, Jason here.  Happy Memorial Day, for my American readers!
Cat Zhang / Pitchfork:
How musicians like Weezer frontman Rivers Cuomo use Discord: artists share ideas, host parties, and engage with fans, who help with moderation and other tasks  —  Originally launched as a messaging app for gamers, the platform has become an intimate place for artists and fans to connect and build community.

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Paul Alcorn / Tom's Hardware: