Why it’s so hard for China’s chip industry to become self-sufficient

April 17, 2024
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. I don’t know about you, but I only learned last week that there’s something connecting MSG and computer chips. Inside most laptop and data center chips today, there’s a tiny component called…

Vorlon is trying to stop the next big API breach

April 17, 2024

Application programming interfaces, or APIs as they’re commonly known, are the bedrock of everything we do online. APIs allow two things on the internet to talk with each other, including connected devices or phone apps. But the enormous growth of API usage — around half of all internet traffic — is putting businesses’ data at […]

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Snap plans to add watermarks to images created with its AI-powered tools

April 17, 2024

Social media company Snap said Tuesday that it plans to add watermarks to AI-generated images on its platform. The platform is adding a logo of a small ghost with a sparkle icon to denote an AI-generated image. The company said the watermark would appear when the image is exported or saved to the camera roll. […]

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The great commercial takeover of low Earth orbit

April 17, 2024
Washington, DC, was hot and humid on June 23, 1993, but no one was sweating more than Daniel Goldin, the administrator of NASA. Standing outside the House chamber, he watched nervously as votes registered on the electronic tally board. The space station wasn’t going to make it. The United States had spent more than $11…

Man Faces $70M Medicare Fraud Scheme Charges

April 17, 2024
A Mississippi man has been charged with multiple offenses relating to $70 million Medicare fraud by the Justice Department. An indictment was unsealed in Tampa last week for Joel Rufus…

India scrambles to curb PhonePe and Google’s dominance in mobile payments

April 17, 2024

The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem. NPCI executives plan to […]

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Flatpay rings up $47M to target smaller merchants with simple payment solutions

April 17, 2024

As the world waits for $65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business. In one of the latest developments, Danish company Flatpay, which builds payment solutions for small and medium physical merchants like shops, restaurants and salons, […]

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Former top SpaceX exec Tom Ochinero sets up new VC firm, filings reveal

April 16, 2024

Former senior SpaceX executive Tom Ochinero is teaming up with SpaceX alum-turned-VC, Achal Upadhyaya, and one of Sequoia’s top finance leaders, Spencer Hemphill, on a new venture called Interlagos Capital, TechCrunch has learned. There is little public information available about Interlagos, and the trio did not respond to TechCrunch’s request for comment. The company was […]

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