Techmeme: European fintech execs say financial services are shunning AI over job loss and regulatory fears, despite evidence that AI will boost productivity and cut costs (Financial Times)

Top News

Mark Gurman / Bloomberg:

Sources: Apple is actively working to bring the AI features to Vision Pro, rejiggers Vision Pro's retail demos, and starts developing 2025's operating systems — Apple's strategy to make its devices last longer will mean AI and software are even more important to its business.

More: MacRumors, The Verge, MacRumors, The Verge, 9to5Mac, MacRumors, TechCrunch, Neowin, iThinkDifferent, PhoneArena, iMore, AppleInsider, and PCMag

Threads: @parkert and @parkert

X: @markgurman, @markgurman, @markgurman, @tgod34748, and @vnchocotaco

Forums: r/technology, r/apple, and MacRumors Forums

Chance Miller / 9to5Mac:

Kuo: Apple plans to mass produce new AirPods with camera modules by 2026, which will include an IR camera similar to the iPhone Face ID receiver — According to a new report from analyst Ming-Chi Kuo, Apple is targeting to begin mass production of new “AirPods with camera modules” by 2026.

More: Ming-Chi Kuo, Gizmodo, PhoneArena, TechRadar, MacRumors, Wccftech, iThinkDifferent, Neowin, AppleInsider, Supercharged, and iClarified

X: @leakerapple, @markgurman, and @keith_wilson

Financial Times:

European fintech execs say financial services are shunning AI over job loss and regulatory fears, despite evidence that AI will boost productivity and cut costs — Industry leaders say concerns over impact of technology are outweighing benefits such as productivity gains and cost cuts

More: PYMNTS.com and Solondais

LinkedIn: Dr Saif Abed. Forums: Hacker News, r/technology, and r/Economics

Yoolim Lee / Bloomberg:

SK Hynix plans to invest ~$75B on chips through 2028, allocating ~80%, or $60B, on manufacturing HBM chips, as part of the parent company SK Group's bet on AI — - About 80%, or $60 billion, will be spent on HBM memory chips — Plan underscores overhaul at S. Korea's No. 2 business group

More: Reuters, Cointelegraph, Cryptopolitan, Neowin, The Investor, and Tom's Hardware

Paul Kiernan / Wall Street Journal:

The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying — Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push

Benjamin Taubman / Bloomberg:

Kaiko: the proportion of Bitcoin traded over weekends has fallen to 16% in 2024 so far, down from 28% in 2019, a trend likely accelerated by Bitcoin ETFs launch — - Weekend trading drops to 16% of total volume, Kaiko says — ETFs, dwindling volatility lessen appeal, researcher says

More: The Block, Kaiko Research, CoinGape, and Finbold

X: @crypto, @kaikodata, and @jconorgrogan

Naomi Nix / Washington Post:

A look at the history of and challenges facing Meta's Oversight Board as it works on its second act: a body to help social media platforms comply with EU's DSA — Once hailed as a model for internet governance, Meta's Oversight Board has been criticized as slow-moving and increasingly irrelevant.

X: @anupamchander

Irene Garcia Perez / Bloomberg:

Atos reaches a deal in principle with its creditors that restructures its debt, including injecting €233M in equity, and lets the creditors take control of Atos — - Creditors have agreed to inject equity and new debt into Atos — French IT firm's agreement with Onepoint fell apart last week

More: Atos and Reuters

The Information:

Source: Amazon plans to use a controversial trade rule used by Temu and Shein, which exempts packages worth $800 or less from tariffs, for its discount section — Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount …

More: Solondais and South China Morning Post

X: @luke_metro, @modestproposal1, and @theo_wayt

Janko Roettgers / The Verge:

Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 — Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.

More: Deadline, Mashable, Fortune, Cord Cutters News, Variety, and Engadget

Mastodon: @carnage4life@mas.to and @jank0@sfba.social

X: @ranjanxroy, @televisionaryzw, @eriqgardner, and @goparsons

Forums: Hacker News, r/dvdcollection, r/lebowski, and r/movies

See also Mediagazer

Bloomberg:

Solera, which offers SaaS tools for integrated vehicle lifecycle and fleet management, files for a US IPO; sources: Solera may seek to raise as much as $1.5B — - Company may seek to raise as much as $1.5 billion in offering — Solera taken private in 2016 at about $6.5 billion valuation

More: MarketWatch and Reuters

Mary Ann Azevedo / TechCrunch:

An interview with Plaid's first president, Jennifer Taylor, on expanding beyond its traditional fintech customers as its enterprise customer base crosses 1,000 — As Plaid has expanded its fintech services, so, too, has it grown its customer base. — Plaid got its start as a company …

X: @techcrunch and @bayareawriter. LinkedIn: Kevin Young

Sponsor Posts

Meta:

Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.

Zoho:

The crossroads of AI and SaaS — Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered. In a span of just two years, AI has made a name for itself as the key driver for innovation.

Tribe AI:

Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.

Top News

Sponsor Posts

Who's Hiring In Tech?

About This Page

From Mediagazer

Upcoming Tech Events

More News

Earlier Picks