Tech Meme

Marissa Newman / Bloomberg: Israel-based Upwind, which helps detect and counter cloud infrastructure threats, raised $50M led by Greylock at a $300M valuation, taking its funding to $80M  —  – Year-old cloud security firm Upwind valued at $300 million  — Curry’s Penny Jar joins round led by Greylock, Cyberstarts Lees verder op Tech Meme

Vishal Chawla / The Block: Visa expands its USDC stablecoin settlements to Solana, partnering with Worldpay and Nuvei for pilots, and has already moved millions of USDC via VisaNet  —  – Visa expanded its USDC stablecoin settlement capabilities to Solana, forming partnerships with Worldpay and Nuvei for pilot programs. Lees verder op Tech Meme

Mark Bergen / Bloomberg: Meta plans to eliminate the Facebook News tab in the UK, France, and Germany in early December 2023 and won’t sign new deals for news content in those countries  —  The company will “deprecate” the news tab — a Facebook feature to prominently display news material — for users in the UK, Germany and France. Lees verder op Tech Meme

Steven Levy / Wired: An in-depth profile of OpenAI, Sam Altman, CTO Greg Brockman, and others, who all see ChatGPT and GPT-4 as stepping stones along the way to building an AGI  —  The young company sent shock waves around the world when it released ChatGPT.  But that was just the start.  The ultimate goal: Change everything. Lees verder op Tech Meme

New York Times: Analysis: lawyers, accountants, consultants, and more have charged $700M+ in fees since 2022 in the bankruptcies of FTX, Celsius, Voyager, BlockFi, and Genesis  —  Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX. Lees verder op Tech Meme

Supantha Mukherjee / Reuters: TikTok hires UK cybersecurity company NCC to audit its data controls and protections, and provide independent verification, as part of Project Clover  —  TikTok has hired British cybersecurity firm NCC (NCCG.L) to audit its data controls and protections, and provide independent verification … Lees verder op Tech Meme

Wall Street Journal: How Spotify’s $1B+ bet on building a podcast empire has not paid off: most shows are not profitable, debates over exclusivity, cutting original shows, and more  —  The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky’s-the-limit media frontier Lees verder op Tech Meme

Manya Saini / Reuters: Filing: SoftBank prices Arm’s shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023  —  SoftBank Group’s (9984.T) Arm is aiming to raise up to $4.87 billion in the chip designer’s U.S. initial public offering, a regulatory filing showed on Tuesday. Lees verder op Tech Meme

Globes Online: Israeli payments company ThetaRay, which uses AI to monitor financial transactions, raised $57M led by Portage, taking its total funding to $148M  —  The investment will allow ThetaRay to capitalize on significant market demand as banks and fintech companies look to replace legacy tools … Lees verder op Tech Meme

George Hammond / Financial Times: Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving  —  Silicon Valley’s premier venture firm undergoes ‘profound change’ after China splits and bets on FTX and Twitter sour Lees verder op Tech Meme