Tech Meme

Dan Primack / Axios: Substack discloses financials as required by crowdfunding rules: 2021 gross revenue of $11.9M vs $2.3M in 2020, 2021 net loss of $22M vs $2.3M in 2020  —  When newsletter platform Substack last month launched a crowdfunding campaign, its writers and fans responded with more than $7.5 million … Lees verder op Tech Meme

Mitchell Clark / The Verge: Substack says Twitter “unexpectedly restricted access to embedding tweets”; Twitter seems to have disabled likes and RTs for some tweets with Substack links  —  Writers trying to embed tweets in their Substack stories are in for a rude surprise: after pasting a link to the site … Lees verder op Tech Meme

Reed Albergotti / Semafor: Sources: Stability AI looks to bring in a Sheryl Sandberg-like exec after burning through a big chunk of $100M raised in 2022 without generating much revenue  —  Stability AI, one of the hottest companies in artificial intelligence, is burning through cash and has been slow to generate revenue … Lees verder op Tech Meme

Michael Kan / PCMag: MSI confirms in a filing that it was breached, without giving many details, after a ransomware gang claims to have breached MSI and stolen its source code  —  The ransomware group is reportedly demanding $4 million or it will leak the stolen data, which includes company source code. Lees verder op Tech Meme

Gené Teare / Crunchbase News: Global VC funding fell 53% YoY from $162B in Q1 2022 to $76B in Q1 2023, including OpenAI’s reported $10B and Stripe’s $6.5B; $39.2B went to late stage startups  —  Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows. Lees verder op Tech Meme

New York Times: Sources and internal documents: the success of ChatGPT has made Microsoft and Google willing to take greater risks despite their AI ethics guidelines  —  Technology companies were once leery of what some artificial intelligence could do.  Now the priority is winning control of the industry’s next big thing. Lees verder op Tech Meme

Mitchell Clark / The Verge: Substack tells writers Twitter “unexpectedly restricted access to embedding tweets”; Twitter seems to have disabled likes and RTs for tweets with Substack links  —  Writers trying to embed tweets in their Substack stories are in for a rude surprise: after pasting a link to the site … Lees verder op Tech Meme

Gené Teare / Crunchbase News: Global VC funding fell 53% YoY from $162B in Q1 2022 to $76B in Q1 2023, including OpenAI’s reported $10B and Stripe’s $6.5B; $39.2B went to late stage startups  —  Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows. Lees verder op Tech Meme

Gené Teare / Crunchbase News: Global VC funding fell 53% YoY from $162B in Q1 2022 to $76B in Q1 2023, including OpenAI’s reported $10B and Stripe’s $6.5B; $39.2B went to late stage startups  —  Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows. Lees verder op Tech Meme

Sergiu Gatlan / BleepingComputer: Amazon bans the sale of Flipper Zero, a $169 portable security penetration testing tool for wireless devices, after tagging it as a card-skimming device  —  Amazon has banned the sale of the Flipper Zero portable multi-tool for pen-testers as it no longer allows its sale on the platform after tagging it as a card-skimming device. Lees verder op Tech Meme