Tech Meme

Chris Metinko / Crunchbase News: Genesis Therapeutics, which uses AI to discover and develop small-molecule drugs, raised a $200M Series B co-led by a16z, bringing its total funding to $280M  —  Artificial intelligence and biotech are two of the sectors that have been able to buck the current sluggish pace of venture capital spending. Lees verder op Tech Meme

Leo Schwartz / Fortune: Coinbase takes a “small” equity stake in Circle for the first time, as the companies close the Centre Consortium, which previously governed the USDC stablecoin  —  On Monday, Coinbase and Circle, the two companies behind USD Coin, settled on new terms that would change the governance … Lees verder op Tech Meme

Jordan Novet / CNBC: Zoom Q2: revenue up 3.6% YoY to $1.14B, vs. $1.12B est., net income up 298% YoY to $182M, enterprise customers up 1% QoQ to ~218.1K, and raises FY 2024 guidance  —  – Zoom surpassed expectations on the top and bottom lines and pushed up full-year guidance.  — During the quarter Zoom … Lees verder op Tech Meme

Amanda Silberling / TechCrunch: Triller’s S-1 filing claims the short-form video app has had 550M lifetime signups, but Apptopia estimates the app has had 73.2M downloads since its 2015 launch  —  TikTok competitor Triller is preparing to go public, but estimates from Apptopia call its self-reported user numbers into question. Lees verder op Tech Meme

Emily Baker-White / Forbes: A draft US and ByteDance summer 2022 agreement to avoid a TikTok ban would give US agencies power to block app policy changes, veto executive hirings, and more  —  For the past several years the Biden Administration and TikTok have been negotiating a deal to resolve national security concerns posed by the Chinese-owned app. Lees verder op Tech Meme

Reuters: Sources: cybersecurity company SentinelOne, whose stock is down ~80% over the past two years, has been exploring options, including a sale; the stock jumps 15%+  —  SentinelOne Inc (S.N), a cybersecurity company with a market value of $4.2 billion, has been exploring options that could include a sale … Lees verder op Tech Meme

Chris Metinko / Crunchbase News: Genesis Therapeutics, which uses AI to discover and develop new medicines, raised a $200M Series B co-led by a16z, bringing its total funding to $280M  —  Artificial intelligence and biotech are two of the sectors that have been able to buck the current sluggish pace of venture capital spending. Lees verder op Tech Meme

Richard Lawler / The Verge: X says it has fixed a bug which, over the weekend, prevented it from displaying many images from before 2014, and that “no images or data were lost”  —  Over the weekend, word spread about a problem affecting old tweets, and eventually, we narrowed it down to anything posted before December 2014 … Lees verder op Tech Meme

Richard Lawler / The Verge: X says it has fixed a bug that, over the weekend, prevented it from displaying many images from before 2014, and that “no images or data were lost”  —  Over the weekend, word spread about a problem affecting old tweets, and eventually, we narrowed it down to anything posted before December 2014 … Lees verder op Tech Meme

CNBC: Filing: SoftBank’s Arm files to list on Nasdaq and reports $524M in net income on $2.68B in revenue in its fiscal 2023, with sales slightly down from 2022  —  – Arm, which is owned by SoftBank, filed on Monday to list on the Nasdaq.  — The U.K.-based chipmaker is looking to go public during … Lees verder op Tech Meme