PitchBook: Q4 2023 saw only 12 crypto exits, the lowest number since Q4 2020 and consistent with the “low-level activity seen throughout 2023” — The global venture capital market is enduring a long period of limited exits. Startups are staying private longer …
TSMC rises ~8% in its first post-Lunar New Year trading session, reaching a record $575B market cap and passing Visa as the world's 12th most valuable company — - Global AI activity should benefit Taiwan's largest company — TSMC is the main contract chipmaker to Nvidia and Apple
A US judge approves Genesis' plan to sell ~$1.6B in Grayscale crypto trust shares to repay creditors, including 35M GBTC shares, worth ~$1.38B — Bankrupt crypto lender Genesis Global on Wednesday received permission from a U.S. court to sell about $1.6 billion in Grayscale cryptocurrency trust shares …
Sources: Italian app developer Bending Spoons raised $155M from Baillie Gifford and more at a $2.6B valuation, after raising $100M in 2023, and seeks M&A deals — - Italian app developer has raised $155 million in new funding — Company on track to generate $500 million in sales this year
Prospects of a wide-ranging AI bill in the US this year are rapidly dimming, despite Senator Chuck Schumer's push to put AI regulation at the top of the agenda — Artificial intelligence is already sowing chaos and confusion in US elections — from a bogus robocall impersonating President Joe Biden …
A look at The Shotline, a project using ElevenLabs' tech to create audio deepfakes of kids killed in gun violence, to place AI-generated calls to US lawmakers — Grieving parents made these audio deepfakes to stir the emotions of lawmakers. But they also mark a new era for artificial intelligence.
UMG begins pulling its artists' music from TikTok after contract talks failed; videos featuring UMG artists will be muted and users can pick a new soundtrack — - Publisher behind Drake and Taylor Swift pushes for better pay — Videos featuring Universal Music-owned songs will be muted
After Amazon ended its acquisition, iRobot, whose market share has been steadily eroding since 2014, could quickly become an also-ran in the robot vacuum market — By abandoning its deal to buy iRobot, Amazon has left the robot vacuum maker stuck under the couch.
US and UK law enforcement are bracing for an explosion of AI-generated CSAM, and criticize Meta, the authorities' best partner for flagging CSAM, over E2EE — Law enforcement officials are bracing for an explosion of material generated by artificial intelligence that realistically depicts children …
Silicon Valley's powerful companies claim to embrace Enlightenment values, but instead are leading an antidemocratic, illiberal, and authoritarian technocracy — Silicon Valley has its own ascendant political ideology. It's past time we call it what it is.
ByteDance co-founder and CEO Liang Rubo urges staff to resist mediocrity after the company missed the initial wave of generative AI, in a company-wide meeting — - Co-founder said the company showed signs of complacency — Chinese peer Baidu claims its model can rival OpenAI's ChatGPT
Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards — Sector has been coming under increasing pressure to demonstrate profitability as cost of capital has risen
Raspberry Pi CEO Eben Upton says the company is in the early stages of planning a London IPO, appointing two banks, after considering a listing in early 2022 — - Peel Hunt, Jefferies are working on possible listing — Raspberry Pi previously attempted a London listing in 2022
The AI boom has spurred law firms, hospitals, insurance companies, government agencies, and others to create chief AI officer roles to navigate the use of AI — Many feared that artificial intelligence would kill jobs. But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology.
Source: Japanese telecom NTT and Intel plan to build tech to mass-produce next-gen chips using optical tech to reduce power consumption, a possible game changer — SK Hynix to also join, with Tokyo providing $300m government support — Demand for the next-generation semiconductors …
Bloomberg : Montenegro says Terraform Labs co-founder Do Kwon will be extradited to the US, potentially ending a standoff over competing ...
