Wall Street Journal: Sources: Tiger Global marked down its investments in private companies by ~33% across its VC funds in 2022, erasing $23B in value from its portfolio of startups  —  The markdowns erased $23 billion in value from Tiger’s portfolio of startups  —  Tiger Global marked down the value … Lees verder op Tech Meme

Brian Heater / TechCrunch: Nimble, which helps companies automate their warehouses using logistics robots, raised a $65M Series B led by Cedar Pine, bringing its total funding to $115M  —  There’s a long-standing debate in the world of logistics robotics.  On one side stand the greenfield folk, who insist … Lees verder op Tech Meme

Jonathan Vanian / CNBC: In a presentation about the new Copilot features, Microsoft acknowledges AI’s tendency to produce inaccurate responses but says the tech can be “usefully wrong”  —  – Microsoft debuted ChatGPT-like features dubbed Copilot that will eventually come to its business apps like Word and Excel. Lees verder op Tech Meme

Patricia Nilsson / Financial Times: Pornhub owner MindGeek is acquired by PE firm Ethical Capital Partners; MindGeek had $460M in 2018 revenue, and sources say it had ~50% profit margins at times  —  MindGeek acquired by Ethical Capital Partners for undisclosed sum  —  MindGeek, one of the world’s largest … Lees verder op Tech Meme

Sam Kessler / CoinDesk: The Arbitrum Foundation, which develops the Ethereum Layer 2 network Arbitrum, plans to airdrop its long-awaited ARB token on March 23 and transition to a DAO  —  The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network. Lees verder op Tech Meme

TechCrunch: NYC-based Via plans to acquire London-based Citymapper, which has ~50M users globally and raised $59.5M; sources: investors mostly won’t make their money back  —  Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned … Lees verder op Tech Meme

Taylor Hatmaker / TechCrunch: Twitch CEO Emmett Shear steps down after 16 years at the company, replaced by president Dan Clancy, effective immediately; Shear is a Justin.tv co-founder  —  After serving as its chief executive for more than a decade, Twitch CEO Emmett Shear will take a step back at the company. Lees verder op Tech Meme

Aisha Malik / TechCrunch: YouTube raises YouTube TV’s price by $8 to $72.99/month, citing a rise in “content costs”, effective for new users on March 16 and existing users on April 18  —  YouTube has announced that it’s raising the price of its YouTube TV subscription to $72.99 per month. Lees verder op Tech Meme