Paul Sawers / TechCrunch:
AWS details its European “sovereign cloud”, designed to enable greater data residency, starting in Germany, and plans to invest €7.8B in the region by 2040 — Amazon Web Services (AWS), Amazon’s cloud computing business, has confirmed further details of its European …
Sources and documents: Chinese chipmaker CXMT and others are in the early stages of making high bandwidth memory chips, a major step in China’s chip plans (Reuters)
Reuters:
Sources and documents: Chinese chipmaker CXMT and others are in the early stages of making high bandwidth memory chips, a major step in China’s chip plans — Two Chinese chipmakers are in the early stages of producing high bandwidth memory (HBM) semiconductors used in artificial intelligence chipsets …
Google releases Project IDX, its next-gen AI-centric browser-based IDE, in open beta, and says that 100,000+ developers tried the service in invite-only phase (Frederic Lardinois/TechCrunch)
Frederic Lardinois / TechCrunch:
Google releases Project IDX, its next-gen AI-centric browser-based IDE, in open beta, and says that 100,000+ developers tried the service in invite-only phase — At it’s annual Google I/O 2024 developer conference on Tuesday, Google announced that Project IDX, the company’s next-gen …
Research: Southeast Asian scam syndicates, which typically use forced labor to run online scams like pig butchering, are stealing an estimated $64B annually (James Reddick/The Record)
James Reddick / The Record:
Research: Southeast Asian scam syndicates, which typically use forced labor to run online scams like pig butchering, are stealing an estimated $64B annually — Online fraud operations in Southeast Asia continue to grow, with organized scamming syndicates netting an estimated $64 billion each year worldwide, according to new research.
Raspberry Pi announces plans for an IPO in London, reporting $265.8M revenue and $43.5M adjusted EBITDA in 2023, and is reportedly seeking a ~$630M valuation (Olivia Solon/Bloomberg)
Olivia Solon / Bloomberg:
Raspberry Pi announces plans for an IPO in London, reporting $265.8M revenue and $43.5M adjusted EBITDA in 2023, and is reportedly seeking a ~$630M valuation — British personal computer maker Raspberry Pi has announced that it is considering a London initial public offering …
Insiders detail the crypto industry’s lobbying efforts ahead of the 2024 US elections, as crypto-focused PACs shape the outcome of some key congressional races (Cheyenne Ligon/CoinDesk)
Cheyenne Ligon / CoinDesk:
Insiders detail the crypto industry’s lobbying efforts ahead of the 2024 US elections, as crypto-focused PACs shape the outcome of some key congressional races — Crypto-focused PACs are shaping the outcome of certain key Congressional elections. — The crypto lobby is more powerful …
USDC issuer Circle, which confidentially filed for a US IPO in January, plans to shift its legal base to the US from Ireland, and may face more onerous taxes (Ryan Weeks/Bloomberg)
Ryan Weeks / Bloomberg:
USDC issuer Circle, which confidentially filed for a US IPO in January, plans to shift its legal base to the US from Ireland, and may face more onerous taxes — – Circle’s holding company is currently located in Ireland — With an IPO looming, the firm will re-domicile to the US
Adam Mosseri says Threads “recently rolled out” its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Adam Mosseri says Threads “recently rolled out” its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months — Meta’s newest social network, Threads is starting its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months.
The arrival of AI search bodes ill for everyone who relied on web search to have their business discovered, or their blog post read, or their journalism funded (Casey Newton/Platformer)
Casey Newton / Platformer:
The arrival of AI search bodes ill for everyone who relied on web search to have their business discovered, or their blog post read, or their journalism funded — With AI search results coming to the masses, the human-powered web recedes further into the background
Sea reports Q1 revenue up 23% YoY to a record $3.73B and a $23M net loss, Shopee’s revenue grew 31% YoY to a record $2.95B, and expects 2024 to be profitable (Tsubasa Suruga/Nikkei Asia)
Tsubasa Suruga / Nikkei Asia:
Sea reports Q1 revenue up 23% YoY to a record $3.73B and a $23M net loss, Shopee’s revenue grew 31% YoY to a record $2.95B, and expects 2024 to be profitable — Tech group ‘on track’ for second straight annual profit despite stiff competition — SINGAPORE — Singapore-based Sea …
