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Investigation: in July, IBM signed a £54.7M deal to develop a UK biometrics platform, including for facial recognition, despite a 2020 pledge to stop such work (Mark Wilding/The Verge)

Mark Wilding / The Verge: Investigation: in July, IBM signed a £54.7M deal to develop a UK biometrics platform, including for facial recognition, despite a 2020 pledge to stop such work  —  IBM has returned to the facial recognition market — just three years after announcing it was abandoning work on the technology due …

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Meta begins testing full-text search on Threads in Australia and New Zealand and plans a wider rollout to other English-speaking countries in the future (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Meta begins testing full-text search on Threads in Australia and New Zealand and plans a wider rollout to other English-speaking countries in the future  —  Threads launched one of the most anticipated features, a web version of the platform, last week.  Now, Meta is testing another highly …

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Source: Binance Asia-Pacific’s head Leon Foong resigned from the exchange, the latest senior executive departure; Foong helped expand in South Korea and Japan (Bloomberg)

Bloomberg: Source: Binance Asia-Pacific’s head Leon Foong resigned from the exchange, the latest senior executive departure; Foong helped expand in South Korea and Japan  —  – Foong led Binance expansion into markets like Japan, Korea  — Market share has declined after a global regulatory crackdown

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VanMoof e-bikes finds a buyer

People swarm around the S5 at its reveal in March 2022. VanMoof’s future is less clear. | Photo by Thomas Ricker / The Verge Lavoie is buying bankrupt e-bike maker VanMoof. The e-mobility subsidiary of McLaren Applied announced today that it has entered into a definitive agreement to acquire the VanMoof e-bike business. The announcement

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Interbank messaging system Swift and Chainlink successfully transfer tokenized value across multiple private and public blockchains via Chainlink’s CCIP (Camomile Shumba/CoinDesk)

Camomile Shumba / CoinDesk: Interbank messaging system Swift and Chainlink successfully transfer tokenized value across multiple private and public blockchains via Chainlink’s CCIP  —  The interbank messaging system Swift announced in June it was collaborating with Chainlink and dozens of financial institutions to test connecting blockchains.

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A US judge dismisses a lawsuit against Uniswap, founder Hayden Adams, a16z, and others over scam token sales as software cannot be held accountable for losses (James Hunt/The Block)

James Hunt / The Block: A US judge dismisses a lawsuit against Uniswap, founder Hayden Adams, a16z, and others over scam token sales as software cannot be held accountable for losses  —  – Uniswap founder Hayden Adams hailed the court’s comments as “based” after a class action lawsuit alleging liability for scam token sales was

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Berlin-based Ivy, which offers an API to create a “network of networks” for open banking payments globally, raised a $20M Series A, after a $7.7M seed in July (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: Berlin-based Ivy, which offers an API to create a “network of networks” for open banking payments globally, raised a $20M Series A, after a $7.7M seed in July  —  Open banking — where traditional banks open their data up with APIs to build new financial services for their customers …

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Cybersecurity giant Malwarebytes laid off 100+ employees as it prepares for a major restructuring to separate its consumer and corporate-facing business units (Carly Page/TechCrunch)

Carly Page / TechCrunch: Cybersecurity giant Malwarebytes laid off 100+ employees as it prepares for a major restructuring to separate its consumer and corporate-facing business units  —  Cybersecurity giant Malwarebytes this week laid off 100 employees as it prepares for a major restructuring that will see the business split into two, TechCrunch has learned.

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Sources: CoreWeave is exploring a ~10% equity stake sale valuing the company between $5B and $8B; source: CoreWeave revenue is projected to hit $1.5B in 2024 (Gillian Tan/Bloomberg)

Gillian Tan / Bloomberg: Sources: CoreWeave is exploring a ~10% equity stake sale valuing the company between $5B and $8B; source: CoreWeave revenue is projected to hit $1.5B in 2024  —  – Company counts Nvidia, Magnetar as existing equity investors  — Startup raised $2.3 billion in debt from Blackstone, others

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Document: the UK plans to increase use of AI-based facial recognition tech by the police, potentially deploying new biometric systems over the next 12-18 months (Financial Times)

Financial Times: Document: the UK plans to increase use of AI-based facial recognition tech by the police, potentially deploying new biometric systems over the next 12-18 months  —  Move comes after privacy campaigners and independent academics criticised technology for being inaccurate

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X updates its privacy policy to include biometric information as data it plans to collect for safety and security, along with data on users’ jobs and education (Aisha Counts/Bloomberg)

Aisha Counts / Bloomberg: X updates its privacy policy to include biometric information as data it plans to collect for safety and security, along with data on users’ jobs and education  —  – In policy shift, X will use the data for safety, security  — Employment, education history will be used to recommend jobs

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