Tech Meme

Financial Times: Demis Hassabis, chief of DeepMind spinout Isomorphic Labs, believes the company would halve drug discovery times after inking deals with Eli Lilly and Novartis  —  Chief of Google’s AI unit and Isomorphic Labs spells out targets following $3bn Eli Lilly-Novartis partnerships Lees verder op Tech Meme

Corrie Driebusch / Wall Street Journal: Some startup founders are building up protections, including implementing supervoting shares or dual-class shares, to avoid getting ousted like Sam Altman  —  They are building up protections and share classes after watching OpenAI saga play out  —  There’s a new task on the 2024 to-do list for founders … Lees verder op Tech Meme

Mike Wheatley / SiliconANGLE: Intel unveils AI-enabled SoCs for cars and agrees to buy Silicon Mobility, a French fabless silicon and software company that develops EV energy management SoCs  —  Intel Corp. is making an ambitious play for the automotive sector with the launch of specialist versions of its newest, artificial intelligence-enabled chips. Lees verder op Tech Meme

Jane Lanhee Lee / Bloomberg: TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B  —  – Chipmaker’s holiday period stopped bleeding of prior quarters  — TSMC has advised cautious optimism about semiconductor rebound Lees verder op Tech Meme

Qianer Liu / Financial Times: Sources: Chinese companies are repurposing Nvidia’s gaming chips for AI to counter US’ sanctions; RTX 4090 is one of the most popular models to be repurposed  —  US export controls force developers to strip components from PC graphics cards  —  Chinese companies are resorting to chips repurposed … Lees verder op Tech Meme

Manish Singh / TechCrunch: Bank of America values Jio Platforms at $107B, up 64.6% from $65B in 2020 when the Indian telecoms and digital conglomerate raised $20B+ from Meta and others  —  Bank of America has pinned a $107 billion valuation tag on Mukesh Ambani’s Jio Platforms, valuing the Indian telecoms … Lees verder op Tech Meme

Stephen Pastis / Tampa Bay Business Journal: Tampa-based Rewst, which provides robotic process automation services to managed service providers, raised a $31M Series B led by Meritech Capital  —  Rewst, a Tampa-based automation platform for managed service providers, has raised $31 million in a Series B funding round, its latest raise since 2022. Lees verder op Tech Meme

The Economic Times: Bengaluru-based Impact Analytics, which offers retail, grocery, CPG, and supply chain planning and merchandising software, raised $40M led by Sageview Capital  —  With the latest fundraise, Sageview Capital partner Jeff Klemens and senior advisor Prashanth Palakurthi have joined the company’s board … Lees verder op Tech Meme

Manish Singh / TechCrunch: SentinelOne acquires Bengaluru-based cloud security provider PingSafe, sources say for a $100M+ valuation; PingSafe had raised ~$3.3M from Peak XV and others  —  SentinelOne’s deal to acquire PingSafe values the Peak XV-backed young startup at over $100 million, two sources familiar … Lees verder op Tech Meme

CNBC: X confirms the @SECGov account was compromised and says “the compromise was not due to any breach of X’s systems” and that the account didn’t have 2FA enabled  —  Social media X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities … Lees verder op Tech Meme