Tech Meme

Mike Wheatley / SiliconANGLE: Intel Foundry Services partners with Arm to build low-power SoCs, giving customers using Arm’s designs access to Intel’s A18 process to make their chips  —  Intel Corp. said today its Intel Foundry Services business unit is partnering with the British chip design firm Arm Ltd … Lees verder op Tech Meme

Faiz Siddiqui / Washington Post: In a Twitter Space, Elon Musk claims Twitter is roughly breaking even, grew agitated over questions on hate speech, reflects on running the company, and more  —  The Twitter CEO provided a six-month update on his takeover in a live interview with the BBC  —  SAN FRANCISCO … Lees verder op Tech Meme

Financial Times: Sources: Thoma Bravo missed out on acquiring Qualtrics, which sold to Silver Lake and CPP for $12.5B in March, due to fears over a US antitrust investigation  —  Qualtrics eventually sold for $12.5bn to Silver Lake and CPP in largest leveraged buyout of year Lees verder op Tech Meme

Danielle Abril / Washington Post: PitchBook: Silicon Valley startups raised $74.9B in 2022, the lowest US share since 2012, followed by NYC’s $29.5B; Miami grew 278% from 2020-2022 to $5.39B  —  Layoffs, remote work and pandemic-era changes are reshaping where workers live and tech gets made. Lees verder op Tech Meme

Yueqi Yang / Bloomberg: Filings: FTX lawyers are exploring tax issues around rebooting FTX, billing $13.5M in February for recovering assets, exploring “long-term options”, and more  —  Whether FTX’s new chief executive officer actually pushes forward with an effort to restart the bankrupt crypto exchange, its lawyers are billing it for the job. Lees verder op Tech Meme

Megan Graham / Wall Street Journal: IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021  —  Headwinds from the economy and privacy protections were offset by growth in areas such as retail ad networks and streaming TV, executives and analysts say Lees verder op Tech Meme

Hannah Miller / Bloomberg: PitchBook: global VC funding for crypto startups fell to $2.4B in Q1 2023, down 80% from an all-time high of $12.3B in Q1 2022 and the lowest level since 2020  —  Venture capitalists are continuing to pull back from crypto, an industry that’s been plagued by scandals, a market downturn and regulatory uncertainty. Lees verder op Tech Meme

New York Times: Sources say concerns over Mark Zuckerberg’s efficiency drive, layoffs, Meta’s absentee leadership, and focus on the metaverse have devastated employee morale  —  Workers at Facebook’s parent have been increasingly alarmed by job cuts and the company’s direction. Lees verder op Tech Meme

Konrad Putzier / Wall Street Journal: Labor consultants say US companies, responding to labor shortages and rising wages, are outsourcing jobs overseas, expanding on pandemic remote work policies  —  Companies respond to labor shortages and rising wages by moving some positions abroad, labor consultants say Lees verder op Tech Meme

Anna Nicolaou / Financial Times: Emails: UMG asked Spotify, Apple, and other services to block developers training AI services from scraping melodies and lyrics from their copyrighted songs  —  Universal Music Group says new technology relies on unauthorised use of copyrighted material  —  Universal Music Group … Lees verder op Tech Meme