Intel CEO Pat Gelsinger earned $178.6M in 2021, far above Intel's initial $110M estimate; Intel stock is down 15% since his appointment, lagging the industry — Bonus for taking helm at struggling US chipmaker was far more than company initially calculated
Indonesia's GoTo raises $1.1B in its IPO, selling shares for $0.024, representing a projected $28B market cap after the offering — GoTo Group, Indonesia's largest tech company, raised 15.8 trillion rupiah ($1.1 billion) in one of the world's largest initial public offerings this year.
TSMC chairman Mark Liu says consumer demand for smartphones, PCs, and TVs is slowing down, especially in China, as the cost of components and materials rises — Rising costs could be passed on to consumers, chairman of tech titan warns — Taiwan tech titan TSMC says demand for consumer electronics …
Sources: Masayoshi Son tells SoftBank leadership that the company needs to slow investments, amid the Ukraine war, falling tech stocks, and China's crackdown — SoftBank founder Masayoshi Son has warned his top executives of the need to slow down further investments, as the world's largest …
Cairo-based Khazna, a “financial super app” that offers BNPL services and more, raises a $38M Series A in debt and equity led by Quona Capital — In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt.
Sources: Apple is seeking to diversify memory chip suppliers, potentially using China's Yangtze, after Japanese supplier Kioxia lost a batch to contamination — Apple Inc. is exploring new sources of the memory chips that go into iPhones, including potentially its first Chinese provider …
Google adds expanded Markdown support to Docs on the web, off by default, as part of its autocorrect feature — ## An alternative to keyboard shortcuts — Google is adding Markdown support to Google Docs on the web, letting you format your document using text shortcuts rather than keyboard ones.
DeepMind says it made changes to its policies after a female former staff member accused the Google-owned company of mishandling sexual misconduct allegations — Former employee at artificial intelligence group raises concerns about grievance procedure following assault and harassment by senior researcher
Sources: China is planning expanded restrictions on its huge live-streaming industry, including capping daily tipping and tighter content censorship — Regulators are planning rules limiting virtual tipping of live-streaming hosts and time spent by young people on the apps
Greenpeace and other groups are running ads in the NYT, WSJ, and others, funded by Ripple co-founder Chris Larsen, highlighting bitcoin's environmental impact — Consortium launches effort advocating changes to the cryptocurrency's code — A consortium of environmental groups launched …
Researchers find that Russia's Yandex sends metadata to servers located in the country; Yandex says the data is “non-personalised and very limited” — Information collected by company through apps on Apple and Google-powered mobile devices is sent to Russian servers
A look at the rise of South Korea's webtoons, comic strips that are designed to be read on a smartphone, as they take off in the US, Southeast Asia, and Japan — Digital comics are the country's latest cultural export after the international success of boy band BTS and Squid Game
Leaked documents detail Nokia's crucial role in Russia's vast surveillance system, providing equipment and services, which remains even as Nokia stops sales — The Finnish company played a key role in enabling Russia's cyberspying, documents show, raising questions of corporate responsibility.
Huawei reports 2021 revenue dropped 28.5% YoY to $99.9B, its first-ever yearly revenue decline as US sanctions continue, but net profit rose 75.9% YoY to $17.8B — - In 2021, Huawei brought in revenue of 636.8 billion Chinese yuan ($99.9 billion), a 28.5% year-on-year decline.
Sources: Apple plans to cut iPhone SE orders by ~20% for the next quarter, as war and inflation dampen demand, and reduces AirPods orders by 10M+ for 2022 — Lower orders to suppliers are early sign of pressure on tech industry — The war in Ukraine is causing supply chain turmoil …
Apple heavily relies on China for manufacturing, but its plan to invest $430B in the US over five years is a promising sign of ramped up diversification — The global supply chain will likely change rapidly over the next decade, shifting away from China. Apple saw it coming in 2018 …
How global supply chains are morphing into “supply webs”, as the pandemic, trade wars, and geopolitical conflicts force tech companies to become more resilient — Supply chains are designed to be cost-effective, but not necessarily resilient. Companies are transforming …
Sources detail NHTSA's difficulties regulating Tesla as it rolls out self-driving features, resorting to threats and flattery in exchanges with Elon Musk — SAN FRANCISCO — The first time Washington regulators tried to investigate Tesla's Autopilot software, CEO Elon Musk was irate.
Kuo: camera bump on the iPhone 14 Pro and 14 Pro Max smartphones will increase about five percent in each dimension due to a larger 48MP sensor — The increased size of the iPhone 14 Pro and iPhone 14 Pro Max's rear camera array is due to all-new 48-megapixel Wide camera systems, according to reputable Apple analyst Ming-Chi Kuo.
An analysis of 19.3M NFTs across ~8,400 collections: one in three have little or no trading activity, and another third trade below their original minting cost — For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.
iFixit completes its week-long Mac Studio teardown: swappable but likely not upgradable SSDs, a massive heatsink, a dual-fan assembly, and more — Well, one teardown at least. More than a Mac Mini but not quite a Mac Pro, the Mac Studio impresses and disappoints in almost equal measure.
Leapsome, a Berlin-based startup helping HR teams automate employee feedback and training processes, raises a $60M Series A led by Insight Partners — Bootstrapped since 2016, Berllin-based “People Enablement” platform Leapsome has raised $60 million in a Series A round as it sets out to dominate the American market.
A look at Intrepid Response, an app Minnesota police used to collect data on journalists at protests and share it across agencies — In April of last year, a freelance photojournalist named J.D. Duggan was covering a protest in Brooklyn Center, Minnesota, a suburb of Minneapolis, when things took a disturbing turn.
As some crypto startups seek to avoid oversight, VCs are passing on board seats to win deals; investors in FTX, which has raised $1.8B+, have no board seats — Founders of digital asset groups seek to avoid investor oversight in new Silicon Valley trend — Jack Lu received eight proposals …
Meituan reports Q4 revenue of $7.78B, up 31% YoY, and a net loss of $830M, amid weakening Chinese consumer spending and regulatory pressures — Meituan's revenue slowed for the third straight quarter after weakening Chinese consumer spending and regulatory pressures constrained its online food and travel businesses.
Bloomberg : A look at Abu Dhabi-based AI startup G42, as sources say US intelligence officials fixated on CEO Xiao Peng ahead of its Chin...
