China has warned investing in Metaverse stating its still infancy and could likely end in tears for investors

Meanwhile ByteDance has bought VR gear maker Pico for $1.4 billion

#China #Bytedanc #Metaverse #Pico #VR #VRChat
#Pico was valued by PE investors in March 2021 at nearly $155 Million and now #Bytedance has purchased Pico at $1.4 Billion… a very aggressive valuation for a VR gear manufacturer
VR is the interface of Metaverse, but at present, the most widely used scene of consumer VR is games.
#VR #Metaverse #AR #GamingNFT
if the "game industry chain" is simply divided into three major links: research and development, distribution (agent) and channels, Tencent accounts for more than 60% of these three links

#Tencent #Onlinegame #GameOfThrones #gamergirl
ByteDance has been expanding its ambitions for games, but it has never been able to find a self-developed game product.

Games , is an important entrance to the meta-universe, are currently the only way to enter the meta-universe

#Bytedance #Tiktok #Meta #Metauniverse #Games
to play in the Metaverse era, one must make great efforts to develop a new computing platform

#ByteDance has also led the investment in Shenzhen #RISCV ( reduced instruction set computer (RISC) five ) startup #Ruisichip with a financing amount of tens of millions of dollars
Ruisichip is a chip company that provides core processors for the intelligent networking. Its main products are suitable for various scenarios such as wearable devices, smart homes, and smart security.
#insiders #Intel #Core #Coreprocessor #Processor
In addition to the acquisition of Pico and investment in Ruisichip, there is also news that Byte is currently building a meta-universe social product "pixsoul" to create a virtual social platform
Byte's algorithm is second to none in China.

But to play Metaverse well, you rely on real technology and wisdom. The killer of Bytes lies in the algorithm
#Algorithm #Bytedance #China
However, in the meta-universe space, the emphasis is on giving users more choices, the use of algorithms has weakened, and the competitiveness of bytes has become weaker.
The algorithm is to retain users, make users addicted to platform content, and occupy users for a long time

Byte has been verbally criticized because of algorithm problems.
Algorithms are addictive, evasive, and reduce people's willpower and motivation.

if you become addicted to virtual content in the meta-universe space
#Algorithm #content #Online #Douyin
After playing the game for a long time, there will be hallucinations, because the indulging in the game for too long, after returning to the real world, it is difficult to distinguish between the virtual and the reality, and the incidents of missed killings are not uncommon.
In the meta-cosmic space, the time required for players to fully immerse themselves in the game will be greatly shortened & probability of not being able to distinguish between virtual and reality will also increase & possibility of causing social security problems will increase
Principal Source : #WeChat public account "Ginkgo Finance" (ID: #yinxingcj , author: #JiangYue and @36Kr

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More from @srinicaps

26 Sep
#Huawei CFO #WanzhouMeng has admitted to Misleading Global Financial Institution

Meng made multiple material misrepresentations to a senior executive of a financial institution regarding Huawei’s business operations in #Iran
… in an effort to preserve Huawei’s banking relationship with the financial institution
Huawei owned #Skycom Tech. Co. a Hong Kong company that primarily operated in Iran. As of February 2007, Skycom was wholly owned by a subsidiary of #Huawei
Between 2010 and 2014, Huawei controlled Skycom’s business operations in Iran, and Skycom was owned by an entity controlled by Huawei. All significant Skycom business decisions were made by Huawei.
#China #WanzhouMeng #Huawei
Read 4 tweets
24 Sep
European Commission proposes a common charger for electronic devices , smartphones, tablets, cameras, headphones, portable speakers and handheld videogame consoles.

#EU #MargretheVestager #Smartphone #electronic #ThierryBreton
Also the Commission proposes to unbundle the sale of chargers from the sale of electronic devices. This will improve consumers' convenience & reduce environmental footprint associated with the production & disposal of chargers, thereby supporting the green & digital transitions
Improved information for consumers: producers will need to provide relevant information about charging performance, including information on the power required by the device and if it supports fast charging
#Antitrust #Apple #Google
Read 5 tweets
23 Sep
At Google, a seemingly innocuous action can earn an employee the attention of the company’s corporate security department
when #Google wants to find out who has been accessing or leaking sensitive corporate info, it often homes in on employees who are thinking about leaving it
In the past, its security teams have flagged employees who search an internal website listing the cost of COBRA health insurance which gives workers a way to continue their coverage after leaving their employer—for further investigation,

#Google #Alphabet
Employees who draft resignation letters or seek out internal checklists that help workers plan their departures from #Google have also faced same scrutiny

It has even looked at who has taken screenshots on work devices while running encrypted messaging services at the same time
Read 4 tweets
12 Oct 20
How Digitization & E-Stamping Make Documentation Easy?

Paying stamp duty has become an integral part of any transaction you do in India

E-stamp online papers are easily available with the banks and other distributor vendors that have been licensed to sell e-stamps.
Top 4 Benefits of taking stamp paper online
1) Fast documentation
2) No Fraud
3) No shortages in paper
4) Going Paperless

But do you know why India decided to go E Stamping in a large way back in 2004 , it’s because of Abdul Karim Telgi
Who was Abdul Karim Telgi ?
on 19 August 2000, in Bengaluru’s Cottonpet, Police arrested two men who were transporting fake stamps papers, During the interrogation, these men spilled the beans about a network supplying these fake documents, resulting in raids across Bengaluru.
Read 9 tweets
10 Oct 20
@tiktok_us @BytedanceTalk #TikTok #Bytedance #ZhangYiming

One of the mysteries of the TikTok ban saga is why Zhang Yiming, CEO of Tiktok’s owner ByteDance, wasn’t better prepared for the Trump administration’s onslaught
Zhang was not focused on international politics. And the company didn’t staff up to meet the potential challenges.

As of 2018, ByteDance executives in China were managing TikTok’s global expansion.
Some of the company’s employees in Beijing were tasked with analyzing potential regulatory and legal risks in foreign markets where TikTok operated. But most of those employees on that team didn’t have any real-world experiences related to policy or legal issues...
Read 5 tweets
10 Oct 20
#Instakart @gopuff @DoorDash #Gopuff #Doordash

Instacart and GoPuff each announced new fundraisings this week , a sign that food-delivery services are arming themselves with plenty of cash for what looks to be a winter of intense competition.
Instacart, which became the market leader during the pandemic, raised $200 million at a valuation of $17.7 billion. That’s a sizable increase from just four months ago, when Instacart raised $225 million at a valuation of $13.5 billion.
Meanwhile, GoPuff, the Philadelphia-based firm known for delivering convenience store items, raised $380 million at a $3.9 billion valuation.

It plans to expand the range of items it delivers to include grocery items, over-the-counter medicines and baby and pet products.
Read 5 tweets

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