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Tech Meme

After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips (Mark Bergen/Bloomberg) 31-05-2023

Mark Bergen / Bloomberg: After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips  —  Nvidia is riding the AI wave to absurd heights.  Its UK rival: not so much.  But first…  If your company sells components designed … Lees verder op Tech Meme

A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC (Jenny Surane/Bloomberg) 31-05-2023

Jenny Surane / Bloomberg: A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC  —  Zap $50 to a friend via Venmo.  Trade Bitcoin on Robinhood.  Get a student loan with SoFi. Lees verder op Tech Meme

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

After a fake Pentagon “explosion” image went viral, Twitter adds Community Notes to images; the notes will also appear on “recent and future matching images” (Mia Sato/The Verge) 31-05-2023

Mia Sato / The Verge: After a fake Pentagon “explosion” image went viral, Twitter adds Community Notes to images; the notes will also appear on “recent and future matching images”  —  Twitter is expanding its crowdsourced fact-checking program to include images, shortly … Lees verder op Tech Meme

Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace claims and blames “outside forces” for most of Activision's image issues (Cynthia Littleton/Variety) 31-05-2023

Cynthia Littleton / Variety: Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace claims and blames “outside forces” for most of Activision’s image issues  —  Bobby Kotick has a secret: He was ready to buy Time Warner a few years ago.The CEO of Activision Blizzard drops this nugget early … Lees verder op Tech Meme

Eclypsium: a firmware flaw in 271 models of Gigabyte motherboards could let hackers install malware at restart; Gigabyte plans a fix but problems could persist (Andy Greenberg/Wired) 31-05-2023

Andy Greenberg / Wired: Eclypsium: a firmware flaw in 271 models of Gigabyte motherboards could let hackers install malware at restart; Gigabyte plans a fix but problems could persist  —  Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say. Lees verder op Tech Meme

Magic, which offers SDKs to help companies create and maintain crypto wallets, raised $52M led by PayPal Ventures at a ~$500M valuation (Jeff John Roberts/Fortune) 31-05-2023

Jeff John Roberts / Fortune: Magic, which offers SDKs to help companies create and maintain crypto wallets, raised $52M led by PayPal Ventures at a ~$500M valuation  —  The biggest crypto wallet you’ve never heard of is flourishing.  San Francisco-based Magic announced on Wednesday that it’s raised $52 million … Lees verder op Tech Meme

Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising under $3M since its founding in 2015 (Ingrid Lunden/TechCrunch) 31-05-2023

Ingrid Lunden / TechCrunch: Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising under $3M since its founding in 2015  —  Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that’s building technology … Lees verder op Tech Meme

Garmin launches the $800 Fenix 7 Pro and $900 Epix 2 Pro in 42mm, 47mm, and 51mm sizes, both offering an LED flashlight, heart rate sensor, and improved maps (Victoria Song/The Verge) 31-05-2023

Victoria Song / The Verge: Garmin launches the $800 Fenix 7 Pro and $900 Epix 2 Pro in 42mm, 47mm, and 51mm sizes, both offering an LED flashlight, heart rate sensor, and improved maps  —  Garmin’s joining the Pro bandwagon.  On Wednesday, it’s launching the Epix 2 Pro and Fenix 7 Pro, which both come with a boatload … Lees verder op Tech Meme

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme