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t.co
Staff and analysts: FIS is spinning off Worldpay as the ~$43B deal suffered from incompatibility, Worldpay's slow response to changing customer needs, and more
(
t.co
)
2023-3-6
Sources: Inflection AI, founded by LinkedIn's Reid Hoffman and DeepMind's Mustafa Suleyman, is in talks to raise up to $675M, after raising $225M in May 2022
(
t.co
)
2023-3-6
LinkedIn
AI
Sources: Character.AI, whose chatbot generates chats in the style of famous people like Shakespeare, raised $200M to $250M led by a16z at a ~$1B valuation
(
t.co
)
2023-3-6
AI
chatbot
Some UK officials and SoftBank staff blame onerous FCA rules, process complexity and cost, and the UK's political chaos for Arm shunning a London listing
(
t.co
)
2023-3-6
London
The US imposes new rules requiring that CHIPS Act beneficiaries agree not to expand manufacturing capacity in “countries of concern”, like China, for 10 years
(
t.co
)
2023-3-6
China
Manufacturing
Siri co-creator Adam Cheyer says generative AI will spur an assistant voice renaissance; Satya Nadella says Cortana, Alexa, Siri, Google Assistant “don't work”
(
t.co
)
2023-3-6
Some marketers worry that Meta's AI-based Advantage+ ad tool, added after Apple's ATT to automatically generate multiple ads, forces them to relinquish control
(
t.co
)
2023-2-28
AI
Apple
Sources: the EU narrows its long-running Apple antitrust investigation, focusing on preventing apps from telling customers about other subscription options
(
t.co
)
2023-2-28
Apple
Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY to ~$534M, driven by US GMV rising 71% in 2022, as the BNPL industry struggles
(
t.co
)
2023-2-28
4Q
To achieve its chip moonshot, Commerce Secretary Gina Raimondo says the US must reform its education system and triple graduates in chip-related fields by 2032
(
t.co
)
2023-2-28
Education
Filing: China Renaissance says founder Bao Fan is “co-operating in an investigation”, more than a week after disclosing his unexplained disappearance
(
t.co
)
2023-2-27
China
Q&A with sci-fi author Neal Stephenson about inventing the metaverse concept, his blockchain startup Lamina1, not using ChatGPT to help write novels, and more
(
t.co
)
2023-2-26
Blockchain
Startup
Sources: Sequoia resigned from Citizen's board, after the startup offered a “pay to play” deal obliging existing investors to participate in a new funding round
(
t.co
)
2023-2-26
Startup
Elliptic: pro-Ukraine causes received $200M+ in crypto donations in the last year, with $80M+ sent directly to Ukraine's government; Russian entities got ~$5M
(
t.co
)
2023-2-26
Russia
Ukraine
Google claims a breakthrough in correcting errors inherent to quantum computers, related to how qubits retain information, by spreading the data across qubits
(
t.co
)
2023-2-23
Google
Quantum
A look at Apple's smartphone dominance among Gen Z, who make up an estimated 34% of all US iPhone owners, as Samsung and Android struggle against iMessage
(
t.co
)
2023-2-21
Android
iPhone
Samsung
Apple
The disappearance of China Renaissance's Bao Fan, coming as Beijing eases its tech crackdown, casts a chill across China's tech sector and worries executives
(
t.co
)
2023-2-20
China
Hedge fund Galois Capital, which managed ~$200M in 2022, shutters, returns investor money, and sells claims for $0.16 after half its assets were trapped on FTX
(
t.co
)
2023-2-20
Asset
Research: total USD invested in Chinese startups fell by ~75% in 2022; 19% of the total capital put into Chinese startups was in USD, compared to 39% in 2021
(
t.co
)
2023-2-19
China
Startup
A human player beat a top-ranked AI system in 14 out 15 games of Go, using tactics suggested by a computer program that had probed the AI system for weaknesses
(
t.co
)
2023-2-19
AI
Filing: China Renaissance says chairman Bao Fan, a high-profile tech investor, dealmaker, and banker in China, has been unreachable for over two days
(
t.co
)
2023-2-17
China
Q&A with IBM CEO Arvind Krishna on OpenAI's ChatGPT, research into LLMs, companies using AI, Deep Blue and chess, practical uses for generative AI, and more
(
t.co
)
2023-2-17
IBM
AI
A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency
(
t.co
)
2023-2-16
Sources: the EU plans to investigate Amazon's proposed $1.7B deal for Roomba-maker iRobot over privacy concerns, sending the company a set of detailed questions
(
t.co
)
2023-2-15
Amazon
An ex-Google engineer and founder of AppSheet, acquired by Google, reflects on his time at Google, issues with its culture, a lack of urgency and mission, more
(
t.co
)
2023-2-15
Google
After a series of disastrous bets and a market downturn, SoftBank's future rests on a successful Arm IPO and turnaround at the mostly dormant Vision Funds
(
t.co
)
2023-2-15
IPO
Source: Apple's India expansion has been slow due to logistics, tariffs, and infrastructure; a former Apple engineer says “there just isn't a sense of urgency”
(
t.co
)
2023-2-15
India
Apple
Logistics
Amazon CEO Andy Jassy says the company plans to “go big” on physical retail stores in 2023, blaming a lack of “normalcy” during the pandemic for its stumbles
(
t.co
)
2023-2-14
Amazon
Retail
Sources: Apple's India expansion has been slow due to logistics, tariffs, infrastructure, suppliers and officials lacking a “sense of urgency”, and other issues
(
t.co
)
2023-2-14
India
Apple
Logistics
Florida-based FIS plans to spin off Worldpay, a payments business the fintech acquired for ~$43B in July 2019; FIS' stock has dropped ~45% since the acquisition
(
t.co
)
2023-2-14
Fintech
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