Tech Meme

Molly White: Unpacking Coinbase’s flawed talking points in its battle with the SEC, including the argument that “securities laws written in the 1930s can’t apply to crypto”  —  Coinbase is trotting out its usual flawed arguments now that it’s facing a lawsuit from the SEC, and more pushback is needed. Lees verder op Tech Meme

Juro Osawa / The Information: Preqin: total US dollars raised by China-focused VC and PE funds peaked at $48.6B in 2021 before dropping to $16.5B in 2022 and just $1.15B so far in 2023  —  Sequoia Capital’s decision this week to split off its China operations showed the impact of growing tensions between Washington and Beijing. Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon is testing generative AI for product review summaries, giving an overview of what customers liked and disliked about a product, along with a disclaimer  —  – Amazon is testing the use of artificial intelligence to generate summaries of reviews left on some products. Lees verder op Tech Meme

Katie Jennings / Forbes: Vendors allege Hippocratic AI co-founder’s former startup Health IQ, which faces a fraud lawsuit, owes millions; Hippocratic AI raised $50M from a16z and others  —  The venture firm made a repeat investment in Munjal Shah, but his previous company Health IQ is facing allegations of millions … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Boston-based CloudZero, a cloud cost management startup, raised a $32M Series B led by Innovius Capital and Threshold Ventures, taking its total raised to $52M+  —  CloudZero, a cloud cost management startup, today announced that it raised $32 million in a Series B funding round led by Innovius Capital and Threshold Ventures. Lees verder op Tech Meme

CNBC: The US FTC files for a temporary restraining order and preliminary injunction to block Microsoft’s acquisition of Activision Blizzard  —  – The FTC on Monday filed a temporary restraining order and preliminary injunction seeking to block Microsoft’s proposed acquisition of Activision Blizzard. Lees verder op Tech Meme

Larry Dignan / Constellation Research: Oracle reports Q4 revenue up 17% YoY to $13.84B, vs. $13.73B est., cloud services and license support revenues up 23% YoY to $9.4B, and net income up 4% YoY  —  Oracle’s infrastructure as a service business gained momentum in the fourth quarter courtesy of generative AI workloads, according to CTO Larry Ellison. Lees verder op Tech Meme

Jordan Novet / CNBC: The US FTC files for a temporary restraining order and preliminary injunction to block Microsoft’s acquisition of Activision Blizzard  —  – The FTC on Monday filed a temporary restraining order and preliminary injunction seeking to block Microsoft’s proposed acquisition of Activision Blizzard. Lees verder op Tech Meme

Matt Levine / Bloomberg: By capitalizing on crypto lending services’ high interest rate promises, 3AC’s founders played the bubble perfectly, getting rich as 3AC’s lenders went bankrupt  —  Programming note: Money Stuff was supposed to be off today but I got bored so here you go.  —  What are the 3AC guys up to? Lees verder op Tech Meme

Dell Cameron / Wired: A declassified ODNI report from 2022: the US has amassed troves of “sensitive and intimate information” about Americans purchased from commercial data brokers  —  A newly declassified report from the Office of the Director of National Intelligence reveals the federal government is buying troves of data about Americans. Lees verder op Tech Meme