LemFi moves remittances further into Asia and Europe with $53M in new funding

Posted on January 14, 2025 by Techme101

For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange.  Traditional banks and agents maintain a firm grip on the remittance […]
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How Barcelona became an unlikely hub for spyware startups

Posted on January 14, 2025 by Techme101

Barcelona’s mix of affordable cost of living and quality of life has helped create a vibrant startup community — and become a hotbed for the creation of surveillance technologies.
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The UK wants to do its ‘own thing’ on AI regulation, suggesting a divergence from U.S. and EU

Posted on January 14, 2025 by Techme101

A U.K. government minister told CNBC it’s important for the U.K. to “do our own thing” when it comes to regulating powerful artificial intelligence models.

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China considers selling TikTok U.S. operations to Musk, Bloomberg reports

Posted on January 14, 2025 by Techme101

The Chinese government is considering a plan for Elon Musk to acquire TikTok’s U.S. business, Bloomberg News reported on Monday.

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TikTok says report of possible sale to Musk ‘pure fiction’

Posted on January 14, 2025 by Techme101

The social media platform has repeatedly said that it will not sell its US operation.

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China is reportedly open to Elon Musk acquiring TikTok US

Posted on January 14, 2025 by Techme101

Chinese government officials have reportedly discussed a scenario where ByteDance sells TikTok’s United States arm to Elon Musk, should the Supreme Court uphold the law banning the app on January 19th. Bloomberg reports that China would strongly prefer for TikTok to stay under ByteDance’s ownership, but says government officials have considered a sale to Musk […]
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As TikTok faces a US shutdown, here are some alternative apps to check out

Posted on January 14, 2025 by Techme101

TikTok has warned of a looming shutdown in just six days, as the Supreme Court is currently weighing the law that would ban the app. So we thought it’s time to take a look at other platforms that may be able to fill the TikTok-shaped hole in our lives.  The law gives TikTok parent company […]
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Linux Foundation Announces Initiative to Support Chromium Ecosystem

Posted on January 13, 2025 by Techme101

The open-source Chromium architecture is the backbone of many internet browsers, including Google’s Chrome. Google, Microsoft, and others have expressed support for the initiative.

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Robinhood agrees to pay $45M in SEC settlement

Posted on January 13, 2025 by Techme101

Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with […]
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Microsoft forms new internal dev-focused AI org

Posted on January 13, 2025 by Techme101

Microsoft has created a new engineering org aimed at accelerating AI infrastructure and software development within the company. According to Bloomberg, Jay Parikh, previously VP and global head of engineering at Meta, will lead the new division. He’ll report to Microsoft CEO Satya Nadella, and oversee groups including the company’s AI platform and developer teams. […]
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