Sources: Chinese authorities plan to announce a fine of at least ~$1.1B on Ant Group as soon as July 7, ending the company’s years-long regulatory overhaul (Reuters)
July 7, 2023
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Global public cloud services revenue hit $545.8B in 2022, up 22.9% YoY; SaaS-Applications led with 45%+ of the revenue, then IaaS with 21.2%, and PaaS with 17% (Michael Shirer/IDC)
July 7, 2023
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Sega co-COO Shuji Utsumi says the company is withholding its biggest games from third-party blockchain gaming projects and is shelving its own blockchain games (Takashi Mochizuki/Bloomberg)
July 7, 2023
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Lightning Labs announces tools that let developers create AI agents that leverage GPT function calls to hold, send, and receive bitcoin via Lightning Network (Frederick Munawa/CoinDesk)
July 7, 2023
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Volkswagen plans to start its first US tests of autonomous driving in Austin, beginning with a small fleet of ID. Buzz EVs equipped with VW and Mobileye tech (Kara Carlson/Austin American-Statesman)
July 7, 2023
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Sources: the FBI searched Kraken co-founder Jesse Powell’s home in March 2023, as part of US prosecutors’ probe into claims he hacked a nonprofit he founded (New York Times)
July 6, 2023
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Report: Binance GC Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie are leaving Binance over CZ’s response to the DOJ’s probe (Nathan Crooks/The Block)
July 6, 2023
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TikTok launches its subscription-only standalone music streaming service TikTok Music in Indonesia and Brazil, featuring UMG’s, WMG’s, and Sony Music’s catalogs (Aisha Malik/TechCrunch)
July 6, 2023
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OpenAI releases its GPT-4 API in general availability, giving all paying developers access and planning to give new developers access by the end of July 2023 (Kyle Wiggers/TechCrunch)
July 6, 2023
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The European Commission opens a full-scale investigation into Amazon’s $1.7B iRobot acquisition and will decide by November 15, 2023, whether to clear the deal (Foo Yun Chee/Reuters)
July 6, 2023
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