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

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

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