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February 8, 2022, 8:55 AM
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| Frederic Lardinois / TechCrunch: |
Nvidia and SoftBank call off Nvidia's Arm acquisition, following regulatory scrutiny; Arm CEO Simon Segars resigns, replaced by Arm IP group president Rene Haas — Nvidia's deal to acquire Arm is off, the two companies and Arm's owner SoftBank announced (PDF) tonight.
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Reuters, SoftBank Group Corp., Bloomberg, Arm, CNBC, Wall Street Journal, Windows Central, BBC, Tom's Hardware, Ars Technica, The Verge, MacRumors, Thurrott, Bloomberg, MarketWatch, Business Wire, Financial Times, TNW, The Register, PCMag, Game Developer, DCD, datacenterknowledge.com, GamesIndustry.biz, Silicon Republic, Axios, CRN, New York Times, Bloomberg, CNBC, Bloomberg, Neowin, XDA Developers, Android Central, Ubergizmo, CNET, The Information, South China Morning Post, VentureBeat, SiliconANGLE, Slashdot, Pocket-lint, iTnews, AppleInsider, 9to5Mac, Protocol, and The Economic Times
| New York Times: |
Meta announces that Peter Thiel, one of Facebook's first institutional investors and longest-serving directors, will step down from Meta's board this year — The tech billionaire, who has been on the board of the company formerly known as Facebook since 2005, is backing numerous politicians in the midterm elections.
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Tweets: @johnjcook, @donie, @bfriedmandc, @danprimack, @carolecadwalla, @kurtwagner8, @jsrailton, @jeffbercovici, @chafkin, @owillis, @thatrosschap, @jason, @zerohedge, @fboversight, @williamturton, @thor_benson, @fboversight, @teddyschleifer, @ldrogen, @parkermolloy, @sarahfrier, @nancyscola, @fboversight, @martinsfp, @chafkin, @nytimes, @rmac18, @jeffbercovici, @fboversight, @fboversight, @rmac18, @joshtpm, @epro, @sarahfrier, @jeffbercovici, @kurtwagner8, @stevekovach, @jeffbercovici, @markhachman, @aishaannhakim, @joshua__frank, @mmasnick, and @rmac18
| Cara Lombardo / Wall Street Journal: |
Peloton CEO and co-founder John Foley will step down, replaced by ex-Spotify and Netflix CFO Barry McCarthy; Peloton will cut 2,800 jobs and cancel Ohio factory — Exercise-equipment maker to name former Spotify CFO Barry McCarthy as replacement, overhaul board and cut costs| Alan Rappeport / New York Times: |
The IRS says it will transition away from using facial recognition for identity verification, after a bipartisan backlash regarding its use of ID.me services — The tax collection agency will transition away from using a service from the authentication service ID.me amid bipartisan backlash.| Mark Gurman / Bloomberg: |
Source: Apple acquires London-based AI Music, which uses AI and royalty-free music to create dynamic soundtracks that change based on user interactions or moods — Apple Inc. acquired a startup called AI Music that uses artificial intelligence to generate tailor-made music …
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Silicon Republic, iThinkDifferent, MacRumors, Apple Must, Ubergizmo, Wccftech, SiliconANGLE, Gizmodo, iPhone Hacks, iMore, MacDailyNews, Patently Apple, and iPhone in Canada Blog
Tweets: @viticci, @9to5mac, @leaksapplepro, and @markgurman
| Chris Duckett / ZDNet: |
Signal now lets users change the phone number associated with their account while retaining their messages, profile information, and groups — Users will still need to be able to send and receive Signal messages on their old number in order to port. — Signal has announced it will allow …
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Signal Blog, 9to5Mac, PhoneArena, and XDA Developers
Tweets: @newsycombinator, @sa0un, @signalapp, and @suka_hiroaki
| Shiona McCallum / BBC: |
The UK's Online Safety Bill will mandate porn websites verify users' age or face fines; similar proposals were quietly dropped in 2019 after criticism — Porn websites in the UK will be legally required to verify the age of their users under new internet safety laws.
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GOV.UK, Politico, The Guardian, TechCrunch, Engadget, The i Paper, The Verge, Insider, TechSpot, infosecurity-magazine.com, Press Association, and Slashdot
Tweets: @dcms and @paulbernaluk
| Karissa Bell / Engadget: |
Tinder says it will no longer charge older users more for Tinder+, after a report showed users aged 30-49 were charged on average 65.3% more in multiple markets — Tinder says it will no longer charge older users more to use Tinder+, following a new report questioning the dating app's practice …
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Tinder Newsroom, 9to5Mac, PCMag, Consumers International, and Silicon Canals
| Nikhil Subramaniam / Inc42 Media: |
BharatPe, an Indian fintech unicorn backed by VCs such as Sequoia and Coatue, is facing allegations of embezzlement, impropriety in merchant dealings, and more — Calling CEO Suhail Sameer “a puppet of investors”, Grover has alleged a conspiracy behind sending him away and instituting a probe| Turner Wright / Cointelegraph: |
Several crypto companies, including Coinbase and BitMEX, launch a coalition to “maintain fair and orderly digital asset markets and prevent market abuse” — “Harmonizing a broad global approach to digital assets and competition in the digital currency space race … | Bloomberg: |
Livspace, an online home interiors marketplace that connects customers with designers and vendors, raises a $180M Series F led by KKR at a $1B+ valuation — Livspace raised $180 million in a funding round led by KKR & Co. at a valuation of more than $1 billion as the online home interiors …
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The Economic Times, Moneycontrol, DealStreetAsia, Moneycontrol, Tech in Asia, Business Wire, Livemint, and Entrackr. Tweets: @alokgoyal1971
| Duncan Riley / SiliconANGLE: |
Shift5, which develops cybersecurity tools for the military and critical infrastructure, raises a $50M Series B led by Insight, after a $20M Series A in October — Operational technology cybersecurity startup Shift5 Inc. announced today it has raised $50 million in new funding …
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TechCrunch, Crunchbase News, SecurityWeek, and Shift5
| Christine Hall / TechCrunch: |
Endgame, which helps companies turn customer feedback into go-to market strategies, raises a $30M Series B, following a $17M seed and Series A in July 2021 — Product-led sales and growth were big buzzwords last year, and startups are continuing to raise new infusions of capital as they develop their approaches.
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| Hannah Murphy / Financial Times: |
Sources: ahead of its IPO, Reddit has approached WPP and other big ad agencies to secure marketing deals, a delicate tightrope given its outspoken user base — Anarchic social network in discussion with WPP as it seeks to make profit without angering 330mn outspoken users| Ingrid Lunden / TechCrunch: |
London-based m3ter, which helps SaaS companies charge clients on a usage basis, emerges from stealth with $17.5M from Kindred Capital and others — A lot of SaaS products are sold on flat-rate subscriptions. But there is a growing trend, especially among more price-conscious customers … | Wall Street Journal: |
The EU details the Chips Act, a plan to make €43B in funding available for R&D and chip production, seeking to compete with the US and Asia — Legislation could mobilize about $49 billion in government and private cash, though critics fear a subsidy race| Ingrid Lunden / TechCrunch: |
German startup Shopware, which offers open source e-commerce tools used by 100K brands, raises $100M from PayPal and Carlyle, its first outside investment — The e-commerce boom that started with the Covid-19 pandemic shows little sign of slowing down, and today a company called Shopware … | Blockworks: |
Blockchain game studio Gala Games plans to allocate $5B within the next year to expand NFTs: $2B for gaming, $1B for music, $1B for movies, $1B for a theme park — Gala Games is seeking to ramp up its presence in the NFT sector and will allocate billions of dollars to further its efforts in the coming year| Tage Kene-Okafor / TechCrunch: |
Lagos- and Texas-based digital healthcare provider Reliance Health raises a $40M Series B and says it has over 200,000 individual users and 600 businesses — There's no denying the growth of healthtech globally over the past three years thanks to the pandemic.| Victoria Song / The Verge: |
Samsung adds custom interval training, sleep coaching, and the ability to set body composition goals to Galaxy Watch 4, and confirms Google Assistant is coming — If you were hoping for a Google Assistant update, it's ‘coming soon’ — Samsung isn't expected to launch a new smartwatch … | Mario Gabriele / The Generalist: |
A deep dive into the rise of “solo capitalists”, who are increasingly competing to lead seed, Series A, and later stage rounds against traditional VC firms — Solitary general partners now manage more than many multi-person venture funds. What are the limits of a one-man band?
Tweets: @mariogabriele, @andreasklinger, @melt_dem, @nikmilanovic, and @moniquewoodard
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