Tech Meme

Reuters: Didi, in its first annual report since its US delisting, reports 2022 net revenue down 19% YoY to ~$20.37B and a net loss of ~$3.44B, down from ~$7.13B in 2021  —  Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll. Lees verder op Tech Meme

Charlize Alcaraz / BetaKit: Quebec-based E2ip, which develops tech for smart displays and surfaces, raised a $120M Series B co-led by Export Development Canada and McRock Capital  —  Export Development Canada and McRock Capital co-led the round.  —  St-Laurent, Québec-based E2ip Technologies … Lees verder op Tech Meme

Reuters: Interviews with lawmakers and sources reveal how, over just 11 days, MEPs created a draft bill on generative AI, a rare example of quick consensus in the EU  —  As recently as February, generative AI did not feature prominently in EU lawmakers’ plans for regulating generative artificial intelligence (AI) technologies such as ChatGPT. Lees verder op Tech Meme

Joel Rosenblatt / Bloomberg: Apple drops its lawsuit against Gerard Williams III, a former Apple chip executive who allegedly poached its employees and used company resources to start Nuvia  —  Apple Inc. dropped its lawsuit against a former chip executive the company sued for allegedly poaching its employees for a startup. Lees verder op Tech Meme

Mark Matousek / The Information: Source: IRL CEO Abraham Shafi has stepped down, following allegations the messaging startup used bots to inflate the users it reported publicly and to investors  —  Abraham Shafi has stepped down as CEO of messaging app IRL following allegations that the company used bots to inflate the users … Lees verder op Tech Meme

TechCrunch: Docs and sources: OpenAI closed a $300M+ share sale at a $27B-$29B valuation; backers include Tiger Global, Sequoia, a16z, Thrive, K2 Global, and Founders Fund  —  Updated to note that the Microsoft investment closed in January.  The money from VCs reported here, part of a tender offer, is separate to that. Lees verder op Tech Meme

TechCrunch: Docs and sources: OpenAI closed a $10.3B+ funding round from Microsoft, Tiger Global, Sequoia, a16z, Thrive, Founders Fund, and others at a $27B-$29B valuation  —  OpenAI, the startup behind the widely used conversational AI model ChatGPT, has closed its new funding round of over $10.3 billion, TechCrunch has learned. Lees verder op Tech Meme

Forbes: Filing and sources: drone delivery startup Zipline is raising a $330M Series F at a ~$4.2B valuation, up from its $2.7B valuation for its Series E in June 2021  —  The funding, revealed in a filing, shows that the logistics company priced a $330 million Series F funding round in April. Lees verder op Tech Meme

Forbes: Filing and sources: drone delivery startup Zipline is raising a $330M Series F at a ~$4.2B valuation, up 55% from its $2.7B valuation in 2021  —  The funding, revealed in a filing, shows that the logistics company priced a $330 million Series F funding round in April. Lees verder op Tech Meme

Kim Zetter / Wired: Sources: the US DOJ discovered the SolarWinds breach in late May 2020, months before its public disclosure in December 2020, but was unaware of its significance  —  In May 2020, the US Department of Justice stumbled upon Russian hackers in its network, but did not realize the significance of what it had found for six months. Lees verder op Tech Meme