Tech Meme

Krystal Hu / Reuters: Networking startup Nile, founded by ex-Cisco executives, raised a $175M Series C co-led by March Capital and Saudi Arabia’s Sanabil, taking its funding to $300M  —  Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million … Lees verder op Tech Meme

Sean Michael Kerner / VentureBeat: Neon, a serverless PostgreSQL database startup, raised a $46M Series B led by Menlo Ventures, taking its total funding to $104M, after launching in 2022  —  Neon, a serverless PostgreSQL database company, announced it has successfully raised $46 million in a series B round of funding. Lees verder op Tech Meme

Damien Cave / New York Times: The global race to develop quantum computing, encryption, and more demands balancing protectionism and the spirit of cooperation for the US and its allies  —  A global race to harness the power of atoms for navigation, computing and encryption is pitting concerns over protectionism against the spirit of cooperation. Lees verder op Tech Meme

Aisha Malik / TechCrunch: Snap launches a new Lens Creator Rewards program for Snapchat to give AR creators and developers a chance to earn up to $7,200/month for top performing Lenses  —  Snapchat is introducing a new Lens Creator Rewards program to give AR creators and developers the chance to earn money for top-performing Lenses … Lees verder op Tech Meme

Sam Schechner / Wall Street Journal: Sources: under pressure from the EU, Meta offers to seek user consent in Europe for targeted ads based on users’ digital activity as soon as October 2023  —  Under pressure from regulators, the Facebook and Instagram owner proposes asking users to opt in before targeting ads with their digital activity Lees verder op Tech Meme

New York Times: The FBI says a contractor misled the agency and used NSO’s Landmark to track people in Mexico without consent; the FBI terminated the contract in April 2023  —  After a Times report, the bureau canceled its contract with a government contractor that used the tool on its behalf.  But questions remain. Lees verder op Tech Meme

Bloomberg: After Curve disclosed a hack, CRV dropped by ~25% in three days, prompting fears of wider market turbulence; DefiLlama: crypto using Curve fell ~50% to $1.9B  —  – Curve’s native CRV coin posted three-day, 25% slump after hack  — Drop raised concerns about wider fallout from platform’s woes Lees verder op Tech Meme

Preetika Rana / Wall Street Journal: Uber reports Q2 revenue up 14% YoY to $9.23B, gross bookings up 16% YoY to $33.6B, and a $394M net income, up from a $2.6B loss in Q2 2022, its first profit  —  Ride-hailing and delivery businesses grew in the second quarter, though freight shrank  —  Uber Technologies posted … Lees verder op Tech Meme

Charlotte Hughes-Morgan / Bloomberg: Pearson plans to launch generative AI study tools for the upcoming academic year, including an “On a Tight Schedule” feature to summarize key learning points  —  – ChatGPT-style features will be added to Pearson+ and Mastering  — New AI tools will not give students a ‘shortcut to an answer’ Lees verder op Tech Meme

Jeremy Hill / Bloomberg: Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote  —  – Customer claims to be valued in US dollars as of bankruptcy  — Company hasn’t ruled out rebooting offshore exchange Lees verder op Tech Meme