Tech Meme

Jonathan Vanian / CNBC: In a presentation about the new Copilot features, Microsoft acknowledges AI’s tendency to produce inaccurate responses but says the tech can be “usefully wrong”  —  – Microsoft debuted ChatGPT-like features dubbed Copilot that will eventually come to its business apps like Word and Excel. Lees verder op Tech Meme

Brian Heater / TechCrunch: Nimble, which helps companies automate their warehouses using logistics robots, raised a $65M Series B led by Cedar Pine, bringing its total funding to $115M  —  There’s a long-standing debate in the world of logistics robotics.  On one side stand the greenfield folk, who insist … Lees verder op Tech Meme

Wall Street Journal: Sources: Tiger Global marked down its investments in private companies by ~33% across its VC funds in 2022, erasing $23B in value from its portfolio of startups  —  The markdowns erased $23 billion in value from Tiger’s portfolio of startups  —  Tiger Global marked down the value … Lees verder op Tech Meme

George Hammond / Financial Times: Peter Thiel says he had $50M in a personal account at SVB when the bank collapsed, even after Founders Fund warned portfolio companies that the bank was at risk  —  Prominent investor’s Founders Fund among those that had warned about US bank’s risks ahead of its collapse Lees verder op Tech Meme

Brian Heater / TechCrunch: Nimble, which helps companies automate their logistics warehouses, raised a $65M Series B led by Cedar Pine, bringing its total funding to $115M  —  There’s a long-standing debate in the world of logistics robotics.  On one side stand the greenfield folk, who insist that the best possible experience … Lees verder op Tech Meme

Wall Street Journal: Sources: Tiger Global marked down its investments in private companies by ~33% across VC funds in 2022, erasing $23B in value from its portfolio of startups  —  The markdowns erased $23 billion in value from Tiger’s portfolio of startups  —  Tiger Global marked down the value of its investments … Lees verder op Tech Meme

George Hammond / Financial Times: Peter Thiel says he had $50M in a personal account at SVB when it went under, even after Founders Fund warned portfolio companies that the bank was at risk  —  Prominent investor’s Founders Fund among those that had warned about US bank’s risks ahead of its collapse Lees verder op Tech Meme

Aisha Malik / TechCrunch: YouTube raises YouTube TV’s price by $8 to $72.99/month, citing a rise in “content costs”, effective for new users on March 16 and existing users on April 18  —  YouTube has announced that it’s raising the price of its YouTube TV subscription to $72.99 per month. Lees verder op Tech Meme

Taylor Hatmaker / TechCrunch: Twitch CEO Emmett Shear steps down after 16 years at the company, replaced by president Dan Clancy, effective immediately; Shear is a Justin.tv co-founder  —  After serving as its chief executive for more than a decade, Twitch CEO Emmett Shear will take a step back at the company. Lees verder op Tech Meme

TechCrunch: NYC-based Via plans to acquire London-based Citymapper, which has ~50M users globally and raised $59.5M; sources: investors mostly won’t make their money back  —  Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned … Lees verder op Tech Meme