Tech Meme

Natasha Mascarenhas / The Information: Sources: Jasper, which offers an AI writing tool for marketers, cut its $140M ARR projections for 2023 by 30%+ and its internal valuation by 20% from $1.5B  —  Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20% … Lees verder op Tech Meme

Bloomberg: MakerDAO passed a proposal letting the DeFi lender invest up to $6B in short-term US Treasuries, double the current limit; the MKR token is up almost 3x in 2023  —  – MakerDAO can now invest up to $6 billion in Treasuary Bills  — The project’s MKR is 2023’s best-performing major token Lees verder op Tech Meme

Natasha Mascarenhas / The Information: Sources: Jasper, which offers AI writing tools for marketers, slashed its internal valuation by 20% from $1.5B and cut its $140M 2023 ARR projections by 30%+  —  Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20% … Lees verder op Tech Meme

Bloomberg: MakerDAO has passed a proposal that will allow it to invest up to $6B in short-term US Treasuries, double the current limit; MKR token is up almost 3x in 2023  —  – MakerDAO can now invest up to $6 billion in Treasuary Bills  — The project’s MKR is 2023’s best-performing major token Lees verder op Tech Meme

Financial Times: Sources: Linda Yaccarino plans an October 5 meeting with the seven banks that helped fund Elon Musk’s takeover of X to lay out her plans to revive the company  —  Linda Yaccarino is next week planning to meet the seven banks that helped bankroll Elon Musk’s takeover of X, formerly known as Twitter … Lees verder op Tech Meme

Wall Street Journal: Sources: Apple executives met Chinese officials in recent months to discuss new rules forcing Apple to ban apps whose operators are not registered with China  —  Country’s push to register foreign apps threatens to remove Facebook, Instagram and X from iPhone App Store in China Lees verder op Tech Meme

Jonathan Greig / The Record: Progress Software, the company behind the widely exploited MOVEit file transfer tool, patches critical vulnerabilities in its WS_FTP Server data transfer tool  —  The company behind a popular file transfer service that was exploited by ransomware hackers has announced a new set of vulnerabilities affecting another file transfer tool. Lees verder op Tech Meme

Sarah Perez / TechCrunch: BeReal says its app has 25M+ DAUs, up from 20M in October 2022, disputing a Similarweb report estimating that BeReal’s MAUs declined to 16.06M in August 2023  —  Just under a year ago, the buzzy new social app BeReal looked to be on the rise, with reportedly 20 million users launching the app every day to snap their candid photos. Lees verder op Tech Meme

Benjamin Mullin / New York Times: Letterboxd’s founders sell a majority stake to Victoria-based Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+  —  Two designers from New Zealand built a wildly popular social network for movie buffs.  Now, they’re cashing in (and sticking around for the sequel). Lees verder op Tech Meme

Amanda Silberling / TechCrunch: X CEO Linda Yaccarino says that the company has paid out nearly $20M to creators; Elon Musk said in July 2023 that the first payments totaled $5M  —  The company formerly known as Twitter has paid out nearly $20 million to creators, according to a post from X CEO Linda Yaccarino. Lees verder op Tech Meme