News

Mary Ann Azevedo / TechCrunch: CB Insights: global VC investment in fintech fell 16% QoQ to $7.3B over 904 deals in Q1 2024, the lowest amount of funding the sector has seen since 2017  —  When it comes to funding,… Read More »CB Insights: global VC investment in fintech fell 16% QoQ to $7.3B over 904 deals in Q1 2024, the lowest amount of funding the sector has seen since 2017 (Mary Ann Azevedo/TechCrunch)

Natasha Lomas / TechCrunch: The EU and the US issue a joint statement affirming a desire to increase cooperation over AI, including AI safety and governance, as well as broader tech issues  —  The European Union and United States put… Read More »The EU and the US issue a joint statement affirming a desire to increase cooperation over AI, including AI safety and governance, as well as broader tech issues (Natasha Lomas/TechCrunch)

Dan Milmo / The Guardian: Microsoft warns that China plans to disrupt elections in the US, South Korea, and India this year with AI-generated content after making a dry run in Taiwan  —  Beijing did a test run in Taiwan… Read More »Microsoft warns that China plans to disrupt elections in the US, South Korea, and India this year with AI-generated content after making a dry run in Taiwan (Dan Milmo/The Guardian)

Wall Street Journal: Sources: Samsung plans to more than double its total chip investment in Taylor, Texas to ~$44B, a significant breakthrough for US’ chip manufacturing plans  —  South Korean firm plans to add a second semiconductor factory and advanced-packaging… Read More »Sources: Samsung plans to more than double its total chip investment in Taylor, Texas to ~$44B, a significant breakthrough for US’ chip manufacturing plans (Wall Street Journal)

Louise Matsakis / Wired: How a TikTok whistleblower may have driven congressional concerns about the app despite working at TikTok for just six months and making improbable claims  —  Zen Goziker worked at TikTok for only six months.  Many of… Read More »How a TikTok whistleblower may have driven congressional concerns about the app despite working at TikTok for just six months and making improbable claims (Louise Matsakis/Wired)

Song Jung-a / Financial Times: Samsung estimates Q1 operating profit of $4.9B, up 931% YoY, and sales of $52.68B, up 11.4% YoY, as memory chip prices surge, hinting end of the chip downturn  —  World’s biggest maker of memory chips… Read More »Samsung estimates Q1 operating profit of $4.9B, up 931% YoY, and sales of $52.68B, up 11.4% YoY, as memory chip prices surge, hinting end of the chip downturn (Song Jung-a/Financial Times)

María Paula Mijares Torres / Bloomberg: CCData: crypto trading volume on centralized exchanges hit an all-time high of $9.1T in March, with spot trading volume of $2.94T, the highest since May 2021  —  – Spot trading volume doubled to $2.94… Read More »CCData: crypto trading volume on centralized exchanges hit an all-time high of $9.1T in March, with spot trading volume of $2.94T, the highest since May 2021 (María Paula Mijares Torres/Bloomberg)

Platformer: A look at the rocky launch of Shine, the photo-sharing app developed by Marissa Mayer’s startup Sunshine whose cofounder Enrique Muñoz Torres resigned this week  —  Behind the rocky launch of a photo-sharing app was a co-founder about to… Read More »A look at the rocky launch of Shine, the photo-sharing app developed by Marissa Mayer’s startup Sunshine whose cofounder Enrique Muñoz Torres resigned this week (Platformer)

Brian Heater / TechCrunch: How Meta’s VR bet has played out a decade after its acquisition of Oculus; the company’s metaverse division lost $42B between the end of 2020 and Q1 2024  —  Has Zuckerberg’s promise of world-changing technology arrived? … Read More »How Meta’s VR bet has played out a decade after its acquisition of Oculus; the company’s metaverse division lost $42B between the end of 2020 and Q1 2024 (Brian Heater/TechCrunch)

The Economic Times: India’s IT minister says the country is looking to frame a “balanced” AI law that will protect news publishers and content creators while minimizing user harm  —  Global AI regulation discussions intensify as companies seek fair compensation… Read More »India’s IT minister says the country is looking to frame a “balanced” AI law that will protect news publishers and content creators while minimizing user harm (The Economic Times)