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Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid, reporting revenue up 45% YoY to £922.5M and a £25.4M pretax loss (Aisha S Gani/Bloomberg) 22-12-2023

Aisha S Gani / Bloomberg: Revolut publishes delayed 2022 accounts, removing a hurdle in its UK banking license bid, reporting revenue up 45% YoY to £922.5M and a £25.4M pretax loss  —  – Auditors at BDO say issues for 2021 data have been resolved  — Fintech reports pretax loss; sees $2 billion revenue this year Lees verder op Tech Meme

Sources: Apple discussed multiyear $50M+ deals with NBC News, Condé Nast, IAC, and other media organizations to train its generative AI systems on news articles (New York Times) 22-12-2023

New York Times: Sources: Apple discussed multiyear $50M+ deals with NBC News, Condé Nast, IAC, and other media organizations to train its generative AI systems on news articles  —  The company has discussed multiyear deals worth at least $50 million to train its generative A.I. systems on publishers’ news articles. Lees verder op Tech Meme

Source: Cisco is paying ~$650M in cash for Isovalent, or 32 times the startup's ARR; Isovalent raised a $40M Series B at a ~$250M valuation in September 2022 (Anissa Gardizy/The Information) 22-12-2023

Anissa Gardizy / The Information: Source: Cisco is paying ~$650M in cash for Isovalent, or 32 times the startup’s ARR; Isovalent raised a $40M Series B at a ~$250M valuation in September 2022  —  Cisco Systems’ acquisition of Isovalent, a cloud networking and security startup backed by Google and Microsoft, announced on Thursday … Lees verder op Tech Meme

Sources: OpenAI is in early talks to raise funding at a $100B+ valuation, and discussed raising between $8B and $10B from Abu Dhabi-based G42 for a chip venture (Bloomberg) 22-12-2023

Bloomberg: Sources: OpenAI is in early talks to raise funding at a $100B+ valuation, and discussed raising between $8B and $10B from Abu Dhabi-based G42 for a chip venture  —  OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion … Lees verder op Tech Meme

Court docs: Google considered changing its Play Store pricing model in 2021 but abandoned the plans over potential $1B-$2B losses for apps and $6B-$9B for games (Bloomberg) 22-12-2023

Bloomberg: Court docs: Google considered changing its Play Store pricing model in 2021 but abandoned the plans over potential $1B-$2B losses for apps and $6B-$9B for games  —  – ‘Project Everest’ documents released in Epic antitrust suit  — Google staff says it ‘defend the status quo for a few months’ Lees verder op Tech Meme