Sohee Kim / Bloomberg: Samsung plans to cut memory chip production to a “meaningful level” after estimating that its Q1 operating profit fell 95%+ YoY to ~$450M, its worst since 2009  —  Samsung Electronics Co. said it is cutting memory chip production after reporting its slimmest profit since … Lees verder op Tech Meme

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

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

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