Author Archives: Techme101

Samsung issues lengthy apology after disappointing results — read the full statement

Samsung Vice Chairman, Jun Young-hyun, who is the new head of the company’s Device Solutions Division, issued a rare apology.

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Chainalysis CEO Michael Gronager steps down in move described as temporary

Michael Gronager, co-founder and CEO of Chainalysis, has taken a personal leave of absence from the company. The blockchain analysis outfit isn’t sharing why but says the development is temporary.   According to The Block, which first reported the news, Chainalysis … Continue reading

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US judge orders Google to open app store to rivals

It is among several remedies ordered in a case brought against the firm by Fortnite-maker Epic Games.

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General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say

General Catalyst, one of Silicon Valley’s largest capital firms, is gearing up to launch what’s known as a “continuation fund” worth between $800 million and $1 billion, according to a person familiar with the plans. A continuation fund consists of … Continue reading

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VC firm NFX laid off 4 employees and plans to hire more investors

Venture capital firm NFX laid off four employees in September as the firm looks to “rebalance” its resources from its software and product teams to its investing team, general partner Pete Flint told TechCrunch. The layoffs included one product leader … Continue reading

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Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve

Foxconn Chairman Young Liu told CNBC the artificial intelligence boom “still has some time to go” as AI models are become more and more intelligent.

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Wait longer for an electric taxi, says Uber boss

The platform wants customers to go ‘green’ as it tries to boost the take-up of electric cars.

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FTX bankruptcy judge approves more than $14 billion payback plan two years after exchange collapsed

A Delaware bankruptcy judge approved FTX’s reorganization plan almost two years after the crypto exchange spiraled into bankruptcy.

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Customers of failed crypto firm FTX set for refunds

The agreement will put an end to a saga that started when the firm went bankrupt in November 2022.

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FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan

A US judge has authorized a plan for fallen crypto exchange FTX to return money to former customers, as the drawn-out bankruptcy process approaches its end.

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