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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 (Gené Teare/Crunchbase News) 06-04-2023

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

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 (Michael Kan/PCMag) 07-04-2023

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

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 (Reed Albergotti/Semafor) 07-04-2023

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