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May 24, 2021, 9:55 AM
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| Nick Statt / Protocol: |
Ahead of Monday's closing arguments in the Apple vs Epic trial, a closer look at the judge's pointed questioning of Cook that touched on the lack of competition — Judge Yvonne Gonzalez Rogers, who is presiding over the Epic v. Apple antitrust trial, saved her best for last.
More:
Wall Street Journal, The Verge, The Verge, CNET, and Forbes
| Heather Somerville / Wall Street Journal: |
Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17 — Entrepreneurs are increasingly wary about the money-raising tool after watching peers' stocks slide and investors balk
More:
PYMNTS.com. Tweets: @wsj, @julianklymochko, @laurenshirsch, @mayazi, @gunjanjs, and @m_delamerced
| Chaim Gartenberg / The Verge: |
Google's partnership with Samsung to merge Wear OS with Samsung's Tizen comes after years of Google failing to build a cohesive wearables strategy — Third time might not be the charm — Once again, Google is hitting the reset button, combining with Samsung's Tizen wearable operating system …
Tweets: @killedbygoogle, @ericliptonnyt, and @jarango
| Ken Norton / Bring the Donuts Newsletter: |
Q&A with Michael Siliski, a business lead at Stripe, on product culture, how written long-form documents facilitate the flow of information at Stripe, and more — Go deep, move fast, and build multi-decade abstractions — This is the next part of my ongoing series about product culture.
More:
Protocol. Tweets: @aneel, @patrickc, @quamen, @amix3k, @david_perell, @paulg, @sarthakgh, and @carnage4life
| Manish Singh / TechCrunch: |
Indian startup Zeta, which helps banks launch fintech products, raises $250M Series C led by SoftBank Vision Fund 2 at a valuation of $1.45B — Zeta, a startup that helps banks and fintech firms launch products, is the newest to attain the coveted unicorn status after closing a new financing round.
More:
Entrackr, The Economic Times, Bloomberg, and Inc42 Media
| John McCormick / Wall Street Journal: |
How Pinterest's neural network curates pins for users, pairing them with tailored ads on their search results, drawing 480M people to the site in Q1, up 30% YoY — Using neural networks, the site is able to find images—and ads—that will catch the consumer's eye
Tweets: @glenngabe and @psb_dc
| Zheping Huang / Bloomberg: |
Kuaishou, ByteDance's main rival, reports Q1 revenue of $2.65B, up 37% YoY, and a net loss of $8.9B, as it delved deeper into online commerce and advertising — - Advertising and e-commerce helped juice quarterly revenue — Kuaishou offers investors a taste of China's hot video market
More:
PR Newswire and Tech in Asia
| Sneha Shah / The Economic Times: |
PitchBook: Indian startups raised $7.8B from Jan. to Apr 2021, ~70% of $12.1B raised in 2020; average funding size is $25.21M in 2021, up from $14.94M in 2020 — Startup funding party continues amid second wave of Covid-19 — Risk investors continue to pump in record funds … | Olivia Solon / NBC News: |
Pro-Palestinian activist campaign targets Facebook's app store ratings via 1-star reviews; Facebook's internal chats show Apple declined to remove the reviews — Pro-Palestinian activists are running a coordinated campaign to downgrade Facebook's app review ratings to protest …
More:
The Verge, AppleInsider, Insider, MUO, Middle East Eye, and Engadget
Tweets: @hamadrajpvt, @craigkellymp, @osgaweesh, @hamadrajpvt, @sajeeralam, @middleeasteye, @marwasf, @hamadrajpvt, @nazihfares, @matteomoschella, @dats, @oliviasolon, and @bzamayo
| David J. Lynch / Washington Post: |
A look at the greater role automation is playing in the US, with labor shortages driving greater adoption since the start of the pandemic — From warehouses to oil fields, artificial intelligence, robots and advanced software are leaving a mark — The United States today is producing roughly …
Tweets: @mckinsey_mgi, @washingtonpost, and @davidjlynch
| Karen Hao / MIT Technology Review: |
Over 500 AI researchers are working on a project to build an open-source large language model that will be used to conduct research independent of any company — Hundreds of scientists around the world are working together to understand one of the most powerful emerging technologies before it's too late.
Tweets: @jon_severs, @lucianabenotti, @techreview, @_karenhao, @phalcon7, @ict4peace, @techreview, @techreview, @mor10, @glichfield, and @quantamagazine
| Jane Lanhee Lee / Reuters: |
South Korea-based Riiid, which offers an AI-based tutor that gives real-time progress evaluations for students, raises $175M from SoftBank Vision Fund 2 — (Reuters) - Riiid Inc, a South Korean AI tutorial startup, on Monday said it raised $175 million from SoftBank Group Corp's Vision Fund 2 …
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