Tech Meme

Mark Bergen / Bloomberg: After raising $730M+, UK chip startup Graphcore reported $5M+ in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips  —  Nvidia is riding the AI wave to absurd heights.  Its UK rival: not so much.  But first…  If your company sells components designed … Lees verder op Tech Meme

Victoria Song / The Verge: Garmin launches the $800 Fenix 7 Pro and $900 Epix 2 Pro in 42mm, 47mm, and 51mm sizes, both with an LED flashlight, better heart rate sensor, and improved maps  —  Garmin’s joining the Pro bandwagon.  On Wednesday, it’s launching the Epix 2 Pro and Fenix 7 Pro, which both come with a boatload … Lees verder op Tech Meme

Iain Withers / Reuters: Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

Ernesto Van der Sar / TorrentFreak: Torrent site RARBG, founded in 2008, shuts down and stops its content releases, citing COVID-related health problems, the Russia-Ukraine war, and inflation  —  RARBG, one of the world’s largest torrent sites, has said “farewell” to millions of users.  The site, which was a prominent … Lees verder op Tech Meme

Emily Nicolle / Bloomberg: Filing: the Ontario Securities Commission opened an investigation on May 10 into Binance attempting to skirt regulations; Binance withdrew from Canada on May 12  —  Crypto exchange Binance Holdings Ltd. said it has received an order from one of Canada’s securities regulators to investigate whether … Lees verder op Tech Meme

Sarah Perez / TechCrunch: Apple touts an Analysis Group study saying App Store ecosystem generated $1.1T in 2022, up 29% YoY, with $910B coming from sales of physical goods and services  —  Ahead of Apple’s Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release … Lees verder op Tech Meme

Andy Greenberg / Wired: Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist  —  Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say. Lees verder op Tech Meme

Jeff John Roberts / Fortune: Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation  —  The biggest crypto wallet you’ve never heard of is flourishing.  San Francisco-based Magic announced on Wednesday that it’s raised $52 million … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015  —  Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that’s building technology … Lees verder op Tech Meme

Jenny Surane / Bloomberg: A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit  —  Zap $50 to a friend via Venmo.  Trade Bitcoin on Robinhood.  Get a student loan with SoFi. Lees verder op Tech Meme