Tech Meme

Bloomberg: Filing: Saudi Arabia’s PIF sold ~17.3M Nintendo shares from August 21 to October 1, lowering its stake to 7.54%; on September 26, an exec said PIF may buy more  —  – PIF had cut stake in games company over six weeks on market  — Wealth fund presented itself as long-term investor in content Lees verder op Tech Meme

Stephanie Stacey / Financial Times: Online gig platforms seek to increase their “take rates” amid slowing growth; PitchBook: Fiverr and Upwork are trading at less than 20% of their pandemic peaks  —  Fiverr and Upwork rocketed in value during pandemic lockdowns but are now hit with slowing growth Lees verder op Tech Meme

Katie Roof / Bloomberg: EvenUp, a personal injury startup making AI tools for law firms, raised a $135M Series D led by Bain Capital at a $1B+ valuation and says it has 1,000+ clients  —  – Bain, Lightspeed, Bessemer participated in $135 million round  — EvenUp sells AI software to more than 1,000 law firms Lees verder op Tech Meme

Jiyoung Sohn / Wall Street Journal: TrendForce: TSMC’s global foundry revenue share will hit ~64% in 2024, up from 51% in 2019, while Samsung’s share is set to drop to ~10%, down from 16% in 2019  —  South Korean tech giant’s rivals seize ground in memory and contract manufacturing  —  SEOUL—For a major maker of semiconductors … Lees verder op Tech Meme

Andrew J. Hawkins / The Verge: Uber announces an EV-only Uber Green in 40 cities that riders can prioritize, a GPT-4o-powered chatbot coming in 2025 to answer drivers’ EV questions, and more  —  Uber is holding its annual Go-Get conference in London today.  As part of the event, the company is rolling out a number … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Bellevue, WA-based Auger, founded by former Amazon and Flexport exec Dave Clark to offer AI-powered supply chain tools, raised a $100M seed led by Oak HC/FT  —  Dave Clark has had a rollercoaster of a time these past two years.  —  After stepping down in June 2022 as CEO … Lees verder op Tech Meme

Wall Street Journal: Short seller Hindenburg releases a report accusing Roblox of inflating user metrics to investors and prioritizing growth over protecting minors; RBLX drops 9%+  —  Research firm alleges the videogame company has exaggerated user data and engagement figures  —  Short-selling firm Hindenburg Research … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Las Vegas-based TensorWave, which offers cloud-based AMD MI300X chips for AI workloads, raised $43M led by Nexus VP at a $100M post-money valuation  —  Chipmaker Nvidia notched $30 billion in revenue last fiscal quarter, driven in large part by the AI industry’s insatiable demand for GPUs. Lees verder op Tech Meme

Jiyoung Sohn / Wall Street Journal: TrendForce: TSMC’s global foundry revenue share will hit 64% in 2024, up from 51% in 2019, while Samsung’s share is set to drop to 10%, down from 16% in 2019  —  South Korean tech giant’s rivals seize ground in memory and contract manufacturing  —  SEOUL—For a major maker of semiconductors … Lees verder op Tech Meme

Andrew J. Hawkins / The Verge: Uber announces ride-hailing and delivery updates: an EV-only Uber Green in 40 cities, a GPT-4o-powered chatbot to answer drivers’ EV questions, and more  —  Uber is holding its annual Go-Get conference in London today.  As part of the event, the company is rolling out a number of changes … Lees verder op Tech Meme