Tech Meme

Patricia Nilsson / Financial Times: Germany-based chipmaker Infineon plans to spend a further €5B to build more capacity in Malaysia, for a €7B total investment, betting on growing EV chip demand  —  German chipmaker announces investment but pressure on existing automotive business leads to share price fall Lees verder op Tech Meme

Patricia Nilsson / Financial Times: Germany-based chipmaker Infineon plans to spend a further €5B to build more capacity in Malaysia, for a €7B total investment, betting on growing EV chip demand  —  German chipmaker announces investment but pressure on existing automotive business leads to share price fall Lees verder op Tech Meme

Claire Moses / New York Times: After Dutch e-bike maker VanMoof declared bankruptcy, owners of its $2,000+ bikes worry about replacing proprietary parts and losing app-enabled bike functions  —  VanMoof’s sleek electric bikes attracted fans, but the Dutch company’s demise has left owners unable to get repairs and worried that app-enabled functions may stop working. Lees verder op Tech Meme

Mike Wheatley / SiliconANGLE: Endor Labs, which offers code and pipeline governance tools to measure risk, raised a $70M Series A led by Lightspeed, after exiting stealth in October 2022  —  Code and pipeline governance startup Endor Labs Inc. said today it has closed on a big funding round, reeling in $70 million … Lees verder op Tech Meme

Amanda Silberling / TechCrunch: Triller files for a NYSE IPO after scrapping a $5B SPAC merger in 2021 and a direct listing in 2022; Triller had $47.7M in revenue and a $195.6M loss in 2022  —  Triller has long teased its ambitions to go public, and now, the short form video platform seems to on its way to an IPO. Lees verder op Tech Meme

Krystal Hu / Reuters: CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023  —  Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) … Lees verder op Tech Meme

Aisha Malik / TechCrunch: Instagram launches a feature to help protect users from unwanted DM images and videos: users are limited to one text-only request to those who don’t follow them  —  Instagram is launching a new feature that is designed to better protect users from unwanted images and videos in DMs, the company announced on Thursday. Lees verder op Tech Meme

Mary Ann Azevedo / TechCrunch: Miami-based Lula, which offers insurance products to car rental, trucking, and logistic companies, raised a $35.5M Series B, after an $18M Series A in July 2021  —  Lula, a startup which aims to be the ‘Stripe for insurance,’ has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. Lees verder op Tech Meme

Patricia Nilsson / Financial Times: Germany-based chipmaker Infineon plans to spend a further €5B to build more capacity in Malaysia, for a €7B total investment, betting on growing EV chip demand  —  German chipmaker announces investment but pressure on existing automotive business leads to share price fall Lees verder op Tech Meme

Vishal Chawla / The Block: Coinbase plans to launch Base, its Layer 2 blockchain built on Optimism’s OP Stack, to the public on August 9 and releases a bridge between Base and Ethereum  —  – Coinbase released a bridge between its Base network and Ethereum.  — The public launch of Base is set for August 9, making it accessible to everyone. Lees verder op Tech Meme