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August 17, 2022, 3:15 AM
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| Sam Kim / Bloomberg: |
TrendForce: DRAM bit growth, a key barometer for chip market demand that refers to the amount of memory produced, to rise 8.3% in 2023, the weakest on record — Mounting concern over semiconductor demand is sending shudders through North Asia's high-tech exporters, which historically serve …
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Financial Times. Tweets: @samkimasia, @jessefelder, @bloombergasia, @trengriffin, @shiraovide, @pelstrom, and @ru_unforgiven2
| Kathrin Hille / Financial Times: |
China's SMIC producing 7nm chips is a breakthrough but experts suggest yields are low due to lacking EUV; SMIC must now decide if it wants to mass produce 7nm — How much time and money will SMIC sink into producing its new semiconductor at scale? — ADD TO MYFT
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Tech Xplore. Tweets: @investor1927, @muradahmed, @jimpethokoukis, @jenkspl64, @berthofmanecon, @berthofmanecon, @yesthatwataru, @fudaoge, and @fudaoge
| Eric Jardine / Chainalysis: |
Analysis: in 2022 through July, crypto transaction volumes are lagging behind 2021; illicit volumes are down 15% YoY and legitimate volumes are down 36% YoY — 2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June.
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Reuters, TechCrunch, Decrypt, CoinGape, PYMNTS.com, Cointelegraph, Crypto Daily, Dark Reading, Finbold, Bloomberg, DeCential, and Fortune
Tweets: @chainalysis, @chainalysis, @ron_miller, @wublockchain, and @chainalysis
| Will Knight / Wired: |
Google says it is using its most powerful large language model PaLM to help robots from Alphabet X spinout Everyday Robots understand complex human commands — The machine learning technique that taught notorious text generator GPT-3 to write can also help robots make sense of spoken commands.
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Washington Post, CNET, iTnews, Reuters, The Keyword, TechCrunch, Android Central, Google AI Blog, Fast Company, The Verge, and Slashdot
Tweets: @cnet, @wired, @gadgetlab, @stshank, and @willknight
| Brayden Lindrea / Cointelegraph: |
Report: Alphabet has invested $1.5B in blockchain companies between September 2021 and June 2022, most by any public company, followed by BlackRock's $1.17B — Other notable corporate investors include BlackRock, Morgan Stanley, Samsung, and Goldman Sachs, according to a report from Blockdata.
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Blockdata, Tradesgiving News, and Finbold
| Natasha Mascarenhas / TechCrunch: |
Pomelo, an international money transfer service which lets US senders offer credit cards to recipients in the Philippines, emerges from stealth with a $20M seed — Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed.| Rebecca Bellan / TechCrunch: |
SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC that aims to launch an autonomous taxi service, raised a $148M Series B at a $1B+ valuation — SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC aiming to launch a commercial robotaxi service, raised $148 million (RMB 1 billion).
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Caixin Global, DealStreetAsia, TechNode, Reuters, and Pandaily
| David Pan / Bloomberg: |
Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments — The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …
Tweets: @braun_ally and @davidpan_1
| Bloomberg: |
Sources: for years, the SEC and CFTC were hindered by banks' usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total — Record fines that the world's biggest investment banks are expected to pay in the coming months reflect years of frustration among US regulators …
Tweets: @cavandy, @business, and @civicfield
| Kyle Wiggers / TechCrunch: |
Israel-based Pliops, which makes chips for data centers that boost the performance of databases and other apps that run on flash memory, raised a $100M Series D — Analyzing data generated within the enterprise — for example, sales and purchasing data — can lead to insights that improve operations.| Annie Palmer / CNBC: |
Amazon tells merchants using Fulfillment by Amazon to pay a fee of 35¢ per item sold in the US and Canada from October 15 to January 22, citing rising expenses — - Amazon is raising fulfillment fees during the holiday shopping period as the company contends with rising costs.
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Neowin, PYMNTS.com, Chain Store Age, Associated Press, Shacknews, EcommerceBytes, Reuters, and Insider
Tweets: @stevekovach, @ivanthek, @jordannovet, and @madscapital
| Amy Feldman / Forbes: |
AtoB, which offers a payment system specially designed for truckers, raised a $155M Series B led by Elad Gil and General Catalyst, valuing the company at $800M — For the nation's 3.4 million truck drivers, fuel costs are a huge deal. San Francisco-based startup AtoB aims to help lower … Sponsor Posts
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