Kia Kokalitcheva / Axios: IBM debuts a $500M enterprise AI venture fund, to invest in startups across stages, with no set target of annual investments or capital deployment timeline — IBM is dedicating $500 million to invest in generative AI startups focused on business customers. Lees verder op Tech Meme
Mike Wheatley / SiliconANGLE: Rebate tool startup Enable raised a $120M Series D led by Lightspeed at a $1B valuation, taking its total funding to $276M, and claims “thousands” of clients — Rebate management software startup Enable International Inc. said today it has closed on a hefty $120 million late-stage funding round … Lees verder op Tech Meme
Zack Whittaker / TechCrunch: Ancestry, MyHeritage, and 23andMe have begun notifying customers that their accounts will use 2FA by default, following the theft of millions of 23andMe records — DNA testing and genealogy companies are stepping up user account security by mandating the use of two-factor authentication … Lees verder op Tech Meme
Stefania Palma / Financial Times: The CFPB proposes new powers to oversee companies offering digital wallets and payment apps that facilitate 5M+ transactions per year, currently ~17 companies — Proposal would subject tech companies such as Apple and Google to new rules — The top US consumer finance regulator is seeking … Lees verder op Tech Meme
Ben Thompson / Stratechery: An analysis of OpenAI’s DevDay keynote: impressive live demos, the shift from plugins to custom GPTs, Microsoft’s role in making GPT-4 Turbo cheaper, and more — In 2013, when I started Stratechery, there was no bigger event than the launch of the new iPhone; its only rival was Google I/O … Lees verder op Tech Meme
Kyle Wiggers / TechCrunch: The Tech Coalition, which includes Discord, Google, Meta, Roblox, Snap, and Amazon, unveil Lantern to share “signals” about child sexual exploitation and abuse — The Tech Coalition, the group of tech companies developing approaches and policies to combat online child sexual exploitation … Lees verder op Tech Meme
Naomi Nix / Washington Post: Ahead of former Meta consultant Arturo Béjar’s Senate testimony, documents and sources detail staff debates over fostering growth while protecting young users — A former engineering and product leader at Meta is expected to testify in Congress about how Meta ignored warnings about youth safety Lees verder op Tech Meme
Brian Fung / CNN: Former Meta consultant Arturo Béjar’s Senate testimony: Meta execs ignored warnings about harms to teens, using carefully crafted metrics to downplay the issue — Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram … Lees verder op Tech Meme
Paayal Zaveri / Bloomberg: Austin-based Black Ore, which builds AI tools for the financial services industry, emerges from stealth with a $60M combined Seed and Series A led by a16z — Financial technology startup Black Ore is coming out of stealth with a major investment. … Austin-based Black Ore is the latest AI startup … Lees verder op Tech Meme
Naomi Nix / Washington Post: Ahead of ex-Meta consultant Arturo Béjar’s Senate testimony, internal documents and sources detail debates over fostering growth while protecting young users — A former engineering and product leader at Meta is expected to testify in Congress about how Meta ignored warnings about youth safety Lees verder op Tech Meme