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Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving (George Hammond/Financial Times) 05-09-2023

George Hammond / Financial Times: Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving  —  Silicon Valley’s premier venture firm undergoes ‘profound change’ after China splits and bets on FTX and Twitter sour Lees verder op Tech Meme

Israeli payments company ThetaRay, which uses AI to monitor financial transactions, raised $57M led by Portage, taking its total funding to $148M (Globes Online) 05-09-2023

Globes Online: Israeli payments company ThetaRay, which uses AI to monitor financial transactions, raised $57M led by Portage, taking its total funding to $148M  —  The investment will allow ThetaRay to capitalize on significant market demand as banks and fintech companies look to replace legacy tools … Lees verder op Tech Meme

Filing: SoftBank prices Arm's shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023 (Manya Saini/Reuters) 05-09-2023

Manya Saini / Reuters: Filing: SoftBank prices Arm’s shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023  —  SoftBank Group’s (9984.T) Arm is aiming to raise up to $4.87 billion in the chip designer’s U.S. initial public offering, a regulatory filing showed on Tuesday. Lees verder op Tech Meme

Sources: China plans to launch a new state-backed fund that aims to raise ~$41B for its chip sector, larger than the ~$19B and ~$27B funds from 2014 and 2019 (Reuters) 05-09-2023

Reuters: Sources: China plans to launch a new state-backed fund that aims to raise ~$41B for its chip sector, larger than the ~$19B and ~$27B funds from 2014 and 2019  —  China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector … Lees verder op Tech Meme

Indian telecoms giants Jio, Airtel, and Vodafone-Idea ask regulators to consider forcing internet companies to pay for network usage, echoing efforts globally (Manish Singh/TechCrunch) 05-09-2023

Manish Singh / TechCrunch: Indian telecoms giants Jio, Airtel, and Vodafone-Idea ask regulators to consider forcing internet companies to pay for network usage, echoing efforts globally  —  Telecom operators in India, the second largest wireless market, would like internet companies to compensate for using their networks … Lees verder op Tech Meme