The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both — SPAC SPAC SPAC — Simplifying a bit, the way a special purpose acquisition company works is that the sponsor of the SPAC raises …
Cologne-based DeepL, which offers instant translation-as-a-service to businesses and individuals, raised $100M-$125M led by IVP at a €1B valuation — Artificial intelligence startups, and (thanks to GPT and Open AI) specifically those helping humans communicate with each other …
After Chinese researchers claimed to break RSA encryption using quantum computers, experts are skeptical and caution that any commercial benefits are years away — China claims to have made a major breakthrough but western experts say any commercial benefits are still years away
UK-based Hack the Box, which wants to encourage white hat hackers via gamified training, raised a $55M Series B led by Carlyle and reports having 1.7M users — There's long existed a divide in the world of computer hacking between those who are taking a malicious approach to crack a system …
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US — Court documents shed light on Sam Bankman-Fried's circular transactions — Sam Bankman-Fried invested $20mn in a large venture capital fund …
How Section 19a of Germany's Competition Act gives antitrust authorities the power to divest and sanction Big Tech, as the EU slowly rolls out its enforcement — While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account
Court documents: New England Patriots owner Robert Kraft, NFL star Tom Brady, a Peter Thiel-linked trust, and more own FTX Group stock, now considered worthless — Billionaire New England Patriots owner Robert Kraft and star NFL quarterback Tom Brady are among those sharing in the pain of FTX Group's sudden implosion.
Three years after ending mainstream support for Windows 7, Microsoft ends premium extended security support for the OS and support for Windows 8.1 — Pour one out for Windows 7, the decade-old operating system that today reached the end of the security line.
Cameron Winklevoss writes to DCG's board, demanding CEO Barry Silbert's removal and alleging he and Genesis publicly lied, after his resolution deadline passed — Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Amazon plans to launch Buy with Prime for all US-based merchants on January 31, letting them access Prime benefits, expanding on Fulfillment by Amazon merchants — Amazon announced this morning it's expanding its Buy with Prime service to U.S.-based merchants by the end of the month.
Meta contractor Sama plans to close its east African content moderation hub in March, cutting ~200 staff; Meta will employ 1,500 Sama staff for data labelling — Staff at Nairobi office were moderating graphic and harmful material — Meta's east African content moderation hub is shutting …
TSMC reports Q4 revenue up 43% YoY to ~$20.6B, below ~$20.8B analyst estimates, its first miss in two years; TSMC stock dropped 27% in 2022 but is up 8% in 2023 — Taiwan Semiconductor Manufacturing Co.'s fourth-quarter sales missed analysts' estimates, signaling the global decline …
A breakdown of Binance's known assets, using data from Nansen and others, estimates the exchange has around $50B, including ~$10B in BNB, down 24% from November — The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it's become considerably more severe since then, a Forbes analysis shows.
How Telegram, TikTok, Instagram, Facebook, and Twitter were used to boost election fraud claims in Brazil before riots hit congress and supreme court buildings — Researchers detected a surge in violent rhetoric from election denialists in far-right channels online ahead of Sunday's rioting
Russia's invasion of Ukraine boosted European investments in dual-use tech like autonomous drones, rockets for satellites, and more — European tech companies that work with the defense industry, long an investment taboo for many venture capital firms, are drawing record amounts of funding in the wake of Russia's invasion of Ukraine.
Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...
