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Tech Meme

Inflection AI, a startup led by DeepMind co-founder Mustafa Suleyman that released its Pi chatbot in May 2023, raised $1.3B, a source says at a $4B valuation (Alex Konrad/Forbes) 29-06-2023

Alex Konrad / Forbes: Inflection AI, a startup led by DeepMind co-founder Mustafa Suleyman that released its Pi chatbot in May 2023, raised $1.3B, a source says at a $4B valuation  —  Backed by Microsoft, Nvidia and billionaires Reid Hoffman, Bill Gates and Eric Schmidt, the startup led by ex-DeepMind leader Mustafa Suleyman … Lees verder op Tech Meme

NYC-based Runway AI, which lets customers generate videos from text prompts, raised $141M from Google, Nvidia, and others, taking its total funding to ~$237M (Rachel Metz/Bloomberg) 29-06-2023

Rachel Metz / Bloomberg: NYC-based Runway AI, which lets customers generate videos from text prompts, raised $141M from Google, Nvidia, and others, taking its total funding to ~$237M  —  Runway AI Inc., whose artificial intelligence software can create a short video from just a few typed words … Lees verder op Tech Meme

An analysis of WeChat's tracking ecosystem using reverse engineering: the service records activity and usage when users launch Mini Programs, a privacy risk (The Citizen Lab) 29-06-2023

The Citizen Lab: An analysis of WeChat’s tracking ecosystem using reverse engineering: the service records activity and usage when users launch Mini Programs, a privacy risk  —  Key findings  — This work performs the first analysis of WeChat’s tracking ecosystem.  Using reverse engineering methods … Lees verder op Tech Meme

Activists and researchers file a GDPR complaint against Pornhub in Italy, claiming the company is “illegally” handling user data; the process may take years (Matt Burgess/Wired) 29-06-2023

Matt Burgess / Wired: Activists and researchers file a GDPR complaint against Pornhub in Italy, claiming the company is “illegally” handling user data; the process may take years  —  Complaints filed in the European Union claim the porn site fails to follow basic data-collection policies under GDPR. Lees verder op Tech Meme

Chinese food delivery giant Meituan plans to acquire AI startup Light Year from Meituan co-founder Wang Huiwen for ~$233.7M in cash and ~$50.7M in debt (John Biju/Reuters) 29-06-2023

John Biju / Reuters: Chinese food delivery giant Meituan plans to acquire AI startup Light Year from Meituan co-founder Wang Huiwen for ~$233.7M in cash and ~$50.7M in debt  —  Chinese food delivery giant Meituan (3690.HK) said on Thursday that it is acquiring artificial intelligence (AI) company Light Year … Lees verder op Tech Meme

Documents and sources: the FTC plans to file a far-reaching case focused on Amazon's core marketplace in the coming weeks after months of honing the complaint (Bloomberg) 29-06-2023

Bloomberg: Documents and sources: the FTC plans to file a far-reaching case focused on Amazon’s core marketplace in the coming weeks after months of honing the complaint  —  Lina Khan’s Federal Trade Commission has already filed three cases against Amazon.com Inc. Now she’s gearing up for the Big One. Lees verder op Tech Meme

Meta's Oversight Board calls for Cambodian PM Hun Sen to be suspended on Facebook and Instagram, the first time the Board has asked for a ban of a head of state (Washington Post) 29-06-2023

Washington Post: Meta’s Oversight Board calls for Cambodian PM Hun Sen to be suspended on Facebook and Instagram, the first time the Board has asked for a ban of a head of state  —  MANILA — The social media giant Meta’s Oversight Board called Thursday for the immediate suspension of Cambodian Prime Minister … Lees verder op Tech Meme

Sources: Tiger Global rejected hundreds of bids for its private assets in recent months; as of January 1, the firm managed $51B, including $37B via its VC unit (Hema Parmar/Bloomberg) 29-06-2023

Hema Parmar / Bloomberg: Sources: Tiger Global rejected hundreds of bids for its private assets in recent months; as of January 1, the firm managed $51B, including $37B via its VC unit  —  Tiger Global Management turned down hundreds of bids for its private assets in recent months because it felt the offers were too low … Lees verder op Tech Meme

Sources: TSMC and its suppliers plan to send several hundred workers from Taiwan to Arizona to help build its US plant, which has fallen behind schedule (Nikkei Asia) 29-06-2023

Nikkei Asia: Sources: TSMC and its suppliers plan to send several hundred workers from Taiwan to Arizona to help build its US plant, which has fallen behind schedule  —  World’s largest contract chipmaker faces delays in Arizona project as market slows  —  Construction of TSMC’s chip plant in Arizona … Lees verder op Tech Meme

Sources: after struggling to raise at a $4B valuation, Stability AI secured a convertible note worth under $25M; Stability AI denies fundraising difficulties (Bloomberg) 29-06-2023

Bloomberg: Sources: after struggling to raise at a $4B valuation, Stability AI secured a convertible note worth under $25M; Stability AI denies fundraising difficulties  —  Stability AI, the artificial intelligence startup that has been struggling to raise funding at a $4 billion valuation … Lees verder op Tech Meme