| Ben Bowman / The Streamable: |
YouTube TV reaches a deal with Disney to bring back 17+ channels including ABC, Disney, ESPN, Freeform, FX, and National Geographic — After one day of being dark, YouTube TV and Disney have reached a deal which will see more than 17 Disney-owned channels, including local ABC affiliates, Disney Channel, and ESPN return to the service.| Anton Shilov / AnandTech: |
Report: chipmakers are on track to spend $152B on new fabs and production equipment in 2021, up 34% YoY, which is the strongest YoY growth since 2017 — Semiconductor makers have drastically increased their capital expenditures (CapEx) this year in response to unprecedented demand for chips that is going to last for years.| Ingrid Lunden / TechCrunch: |
Cars 24, an India-based marketplace for used cars, raises a $400M Series G, including $100M debt and $300M equity, led by Alpha Wave Global at a $3.3B valuation — With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market.| Mark Gurman / Bloomberg: |
The case for Apple to offer a 15-inch iPad home hub is made clear by devices like the Portal and Echo Show 15, as well as Apple's ~5% smart speaker market share — I've been testing Amazon.com Inc.'s new Echo Show 15. My takeaway: It's time for Apple Inc. to get serious about the smart home and launch a giant iPad as a new hub.| Joel Khalili / TechRadar: |
Profile of Brewster Kahle and the Internet Archive, which marked its 25th anniversary in May and stores 70PB+ of data, including 635B webpages and 34M books — Meet Brewster Kahle, the internet's chief librarian — Audio player loading... On the same day in 1996, Brewster Kahle founded … | Scott Murdoch / Reuters: |
Chinese AI company SenseTime, which focuses on computer vision, relaunches its $767M Hong Kong IPO, a week after the US investor ban and pulling the IPO listing — Chinese artificial intelligence start-up SenseTime Group (0020.HK) relaunched its $767 million Hong Kong IPO on Monday … | Nick Statt / Protocol: |
Microsoft's Phil Spencer says the success and growth of games like Minecraft show the ingredients required for the metaverse to shed its dystopian roots — When Phil Spencer thinks about the tech and gaming industries' newfound obsession with the metaverse, the Xbox chief's mind goes to Minecraft.| YLE: |
Leaked docs: Facebook has not developed Finnish-language automated moderation for hate speech and other content, and employs just 11 moderators based in Berlin — A data leak reveals Facebook is unable to control hate speech in minority languages like Finnish.| Manish Singh / TechCrunch: |
Bangalore-based Razorpay, a top payment processor in India whose products resemble Stripe's, raises a $375M Series F at a $7.5B valuation, up from $3B in April — Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India's largest fintech giants … | Lucas Shaw / Bloomberg: |
Spotify, Meta, and Netflix find Gen Z elusive in a way TikTok never has; Spotify says its Blend playlist feature is mostly used by Gen Z — Good afternoon from Puerto Rico. Hope you all are staying safe out there. Hollywood is celebrating the good news of a record-breaking weekend for the new … | Ingrid Lunden / TechCrunch: |
Social gaming startup Rec Room raises $145M led by Coatue at a $3.5B valuation, up from $1.25B in March, and says it has 37M players, up from 2M in March — On the heels of Roblox hitting it big with its platform for user-created gaming content, another startup has landed a major round … | Ezra Fieser / Bloomberg: |
Bogota-based buy now, pay later service Addi raises $80M in equity and $125M in debt at a $700M valuation and says it is used by 1,000 retailers — - Buy now, pay later startup Addi valued at more than $700m — GIC leads series C round that raises fresh equity and debt
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