Month: September 2021

Chinese autonomous driving startup Momenta raises $300M from GM, following $500M Series C in March; Momenta has a license for detailed geographic data in China (Jack Kennedy/Silicon Republic)

Jack Kennedy / Silicon Republic: Chinese autonomous driving startup Momenta raises $300M from GM, following $500M Series C in March; Momenta has a license for detailed geographic data in China  —  US car giant General Motors (GM) is to invest $300m in Chinese self-driving start-up Momenta, Reuters has reported.

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Researchers: as social networks clamp down on disinformation, Russia has begun spreading propaganda in comments sections on news outlets, such as Daily Mail (Martha Muir/Financial Times)

Martha Muir / Financial Times: Researchers: as social networks clamp down on disinformation, Russia has begun spreading propaganda in comments sections on news outlets, such as Daily Mail  —  Online sites test new methods as social media platforms try to scrub their platforms of propaganda

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WSJ’s Facebook Files series is Facebook’s biggest crisis since Cambridge Analytica, using data Facebook itself produced to highlight its impact on users (Casey Newton/Platformer)

Casey Newton / Platformer: WSJ’s Facebook Files series is Facebook’s biggest crisis since Cambridge Analytica, using data Facebook itself produced to highlight its impact on users  —  How the company found itself in its biggest crisis since Cambridge Analytica  —  A week ago, the Wall Street Journal began to publish …

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London-based Vyne, which works with merchants to build open banking payment services, raises $15.5M seed from Hearst and others (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: London-based Vyne, which works with merchants to build open banking payment services, raises $15.5M seed from Hearst and others  —  Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment.

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IPC, which represents Foxconn, Intel, and others, says a survey found ~80% of manufacturers are struggling to find workers, compounding chip shortage issues (Stephen Nellis/Reuters)

Stephen Nellis / Reuters: IPC, which represents Foxconn, Intel, and others, says a survey found ~80% of manufacturers are struggling to find workers, compounding chip shortage issues  —  Nearly four in five electronics manufacturers say that it has become harder to find qualified workers, compounding problems …

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Sen. Marsha Blackburn says WSJ’s Facebook Files whistleblower has turned over documents and plans to reveal their identity “at some point down the line” (Cristiano Lima/Washington Post)

Cristiano Lima / Washington Post: Sen. Marsha Blackburn says WSJ’s Facebook Files whistleblower has turned over documents and plans to reveal their identity “at some point down the line”  —  Happy Thursday and welcome to The Technology 202!  Below: Meet “Help Desk,” a new initiative our colleagues are launching …

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New York-based Ocrolus, which offers automated tools for businesses to process documents, raises $80M Series C at a $500M+ valuation led by Fin VC (Mary Ann Azevedo/TechCrunch)

Mary Ann Azevedo / TechCrunch: New York-based Ocrolus, which offers automated tools for businesses to process documents, raises $80M Series C at a $500M+ valuation led by Fin VC  —  If you’ve ever had to take out a loan, you know just how many documents are involved in the approval process.  —  It’s a lot.

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Facebook details the types of posts that get demoted in News Feed, such as clickbait and spam, but stops short of saying exactly how a demotion works (Alex Heath/The Verge)

Alex Heath / The Verge: Facebook details the types of posts that get demoted in News Feed, such as clickbait and spam, but stops short of saying exactly how a demotion works  —  A high-level look at what gets suppressed by Facebook’s algorithm  —  The way that Facebook controls its News Feed is often controversial

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