Tech News

Tech News and Analysis from around the web

The Economic Times:
Report: VC funding into Indian startups was $6.9B in Q2, down from $11B in Q1; VC investments in H1 were $17.9B, up 36% YoY  —  Bengaluru: Venture capital funding into Indian startups dipped 37% in the second quarter of this year to $6.9 billion, data sourced from research firm Venture Intelligence showed.

Sidhartha Shukla / Bloomberg:
CoinGecko: daily trading volumes at Indian crypto exchanges ZebPay, WazirX, CoinDCX have dropped 60%-87% after the 1% transaction tax became effective on July 1  —  Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.

Richard Lai / Engadget:
Xiaomi's new 12S Ultra smartphone features a 6.73-inch OLED screen and three rear cameras, including a 50MP main camera with a 1-inch sensor, starting at ~$900  —  Merely six months after its previous flagship launch, today Xiaomi announced a trio of familiar-looking smartphones to mark the beginning of its partnership with Leica.

Sergiu Gatlan / BleepingComputer:
Google releases a Chrome update for Windows to address a high-severity zero-day vulnerability exploited in the wild, its fourth Chrome zero-day patch in 2022  —  Google has released Chrome 103.0.5060.114 for Windows users to address a high-severity zero-day vulnerability exploited by attackers in the wild …

There was a time when all the rivers in NY were polluted. When every apartment building had a furnace where they burned all the garbage.

I remember walking to school in second grade, scrubbed clean by my mother, with soot falling in my hair and on my clothes.

But then we decided this was no way to live, and we cleaned up our act. We stopped dumping waste into the rivers and air.

The point is when we decide to fix something we can.

Today's song: US Blues. "I'm Uncle Sam that's who I am. Been hiding out in a rock and roll band." Happy Independence Day!

Asa Fitch / Wall Street Journal:
After a pandemic frenzy to buy laptops and other gadgets, Intel, Nvidia, Micron, and others suggest crypto mining, PC gaming, and smartphone demand is weakening  —  Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand

Manish Singh / TechCrunch:
Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12  —  Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits …

Chinese photo editing app Meitu reports a $45.6M crypto impairment in H1 2022; the stock drops 10%+ after Meitu projects crypto impairments tripling from 2021  —  Shares of Meitu Inc. extended their decline into a fourth day after the beauty-app developer disclosed that it expects first-half losses …

A great scene from No Country for Old Men, a movie with a lot of great scenes. The woman says "The coin don't got no say in it, it's just you." The man says "I got here the same way the coin did."

Another post that came straight from a twitter thread.

I've been saying this a different way. We as citizens have been protesting. That's wrong. We must be demanding. Look where protesting got us. Our politicians, both parties, have forgotten they are responsible to us. Or more appropriately, we have forgotten.

It's like going to the doctor, and they say okay we have to switch strategies from preventing to mitigating. In other words you now have the disease we've been trying to prevent. In Ohio they have a law that makes abortion illegal, now. Not in the future. Today. July 4, 2022.

In other words, we have the disease. We waited too long. We didn't listen to the doctor.

I look at what's happening in Ukraine, the Russians destroying cities just for the hell of it. How far are we from having that happen everywhere? How far from having it happen here?

But wait, it's even worse than that. They are preventing Ukraine's wheat from reaching the world. We will see the results of that soon. So it's not just Ukraine that they're destroying. Now come on connect the dots. Trump is Russia. The Repubs are Russia.

Here's the nightmare. The police are Russia too.

We're funding our enemy right now. Arming them. Giving them everything they ask for.

The nightmare is that an awful lot of our military thinks Trump was just right.

And we protest.

Protest is pointless unless it leads to something.

Keith Cornett /
Chevrolet's first NFT auction, of an original artwork with a unique green 2023 Corvette Z06, had zero bids, as ETH's price fluctuated between $1,160 and $1,225  —  Sometimes what might have been a great idea when it was proposed months ago can turn out to be a dud.

Immanual John Milton / Bloomberg:
MicroStrategy's bitcoin holdings dropped 58% from ~$5.9B at the end of Q1 2022 to ~$2.45B at the end of Q2 2022; its stock is down 70.13% year to date  —  When MicroStrategy Inc. began buying Bitcoin in bulk in the summer of 2020, CEO Michael Saylor said it was because inflation would make cash worthless.

Sarah Zheng / Bloomberg:
An unidentified hacker on a forum is selling 23TB+ of allegedly stolen data on up to 1B Chinese residents for 10 BTC, after breaching a Shanghai police database  —  Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database …

Jill Goldsmith / Deadline:
The annual Sun Valley conference begins on July 5; invitees include Elon Musk, Mark Zuckerberg, Tim Cook, Andy Jassy, Sundar Pichai, and Reed Hastings  —  The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat.

Meir Orbach / CTech:
Source: Celsius laid off 150 employees, around a quarter of its staff, after pausing withdrawals; Celsius is exploring “a restructuring of our liabilities”  —  The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis …

Jane Clinton / The Guardian:
The British Army is investigating “a breach” of its Twitter and YouTube accounts, which on July 3 shared crypto scams and misinformation before being restored  —  Investigation under way after interview with Elon Musk uploaded to video channel and picture of cartoon monkey seen on Twitter

Sarah Butler / The Guardian:
Amazon launches a “micromobility” hub in Hackney, London with a fleet of partner-operated e-cargo bikes and on-foot staff to replace thousands of van deliveries  —  Online retailer opening ‘micromobility’ hub in Hackney as part of efforts to cut carbon emissions

Trolling is transitive. People who RT trolls are themselves trolls.

This came straight from a twitter thread, no editing. #interop

I've never thought I'd get any insights from drawing graph-like pictures of my outlines. I work fast. My outlines are snapshots of what I'm doing in projects on a day by day basis. Others are about communicating with others (reviewers, testers).

Next up the ladder are blog posts. Those are indexed by my outline indexer, daytona. And of course google et al, which care less and less about my public writing, so fuck em.

Finally is the book I've never written which will be a concordance of all the blog writing, w the most intelligent and witty parts up front. If you come up with software for that, I'm a customer. And I don't say that sarcastically, I bet google could do it, if they wanted to.

PS: I forgot to mention twitter which is for public communication of early drafts of stuff that will go on my blog after i've written it here 5 or 10 times. :-)

PPS: I've given up on posting serious shit on FB. Friends I care about post snarky jokes on serious stuff, and that's not fun. FB is for fun only not thought.

Remember the “people” who annoy you on twitter and elsewhere aren’t actual people, so just block them and get on with it.

I had a dream where the six repub supreme court justices appeared in public naked, to reveal they all had tattoos of Comrade Putin in various places, some with more than others, and larger ones.

Can you imagine what it would be like if one day we all tried to do stuff with computers and nothing worked.