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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

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

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

How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs' inner workings (Kevin Roose/New York Times) 31-05-2023

Kevin Roose / New York Times: How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs’ inner workings  —  The Shoggoth, a character from a science fiction story, captures the essential weirdness of the A.I. moment. Lees verder op Tech Meme