Techmeme

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Financial Times:
US export controls could slow China's ambitions to mass produce cutting-edge chips because the Chinese chip plants rely on US and other foreign equipment makers   —  Xi Jinping, the Chinese president, visited a memory chip plant in the city of Wuhan earlier this year.
Dec 9, 2018, 7:00 AMIn context
Financial Times:
O2 in UK says 4G service is returning to its network after a software problem in Ericsson's equipment left millions of users unable to use mobile data   —  Millions of mobile phone users around the world have been unable to use their smartphones after a software issue in systems provided by Ericsson caused major disruption.
Dec 6, 2018, 6:05 AMIn context
Martin Coulter / Financial Times:
Venafi, which protects machine identities like cryptographic keys and digital certificates to minimize harm after a network is breached, raises $100M   —  A start-up specialising in “machine identity protection” has secured $100m in its latest round of financing, led by Silicon Valley-based …
Nov 30, 2018, 2:55 PMIn context
Louise Lucas / Financial Times:
China-based Horizon Robotics, which makes chips optimized to run neural networks, is raising up to $1B in a Series B, valuing it between $3B-$4B   —  Horizon Robotics, one of China's leading designers of artificial intelligence chips, is raising up to $1bn in a funding round that will value it at between $3bn and $4bn.
Nov 26, 2018, 6:40 PMIn context
Hannah Murphy / Financial Times:
Profile of Mike Novogratz, whose merchant bank Galaxy Digital has raised $242M on Toronto Venture Exchange in August and is a major investor in crypto startups   —  Mike Novogratz keeps crossing his fingers that this year's bitcoin crash, which has seen the cryptocurrency lose three-quarters …
Nov 24, 2018, 9:50 PMIn context
Kadhim Shubber / Financial Times:
Facebook poaches Kate Patchen, who led the DOJ's antitrust office in San Francisco, to be an associate general counsel of litigation, according to her LinkedIn   —  Facebook has poached the US Department of Justice's top antitrust enforcer in Silicon Valley as it faces tougher scrutiny …
Nov 21, 2018, 2:20 PMIn context
Tobias Buck / Financial Times:
Germany says it will invest €3B over six years to improve its AI capabilities and create 100 university chairs focused on the topic   —  Germany will spend €3bn to boost its artificial intelligence capabilities over the next six years, as part of a belated effort by Berlin to catch …
Nov 15, 2018, 12:30 PMIn context
Financial Times:
Apple, Alphabet, Cisco, Microsoft, and Oracle spent $115B+ in the first 3 quarters on share buybacks after tax reforms, nearly double what they spent last year   —  The five US tech companies with the largest cash piles took advantage of President Trump's tax reforms to spend more than $115bn …
Nov 15, 2018, 6:40 AMIn context
Financial Times:
Sources: Bitmain claimed it had $1.25B in 2017 profits during the pre-IPO $400M+ Series B in June of 2018, while its IPO prospectus says it earned just ~$700M   —  Bitmain Technologies, the world's largest maker of cryptocurrency mining hardware, has stated significantly smaller profits …
Nov 13, 2018, 3:40 PMIn context
Murad Ahmed / Financial Times:
Turin-based Deltatre acquires IP video software maker Massive Interactive for $127M to challenge Disney and Endeavor in online sports streaming services   —  UK-based software maker Massive Interactive has been snapped up by Italian company Deltatre for $127m, in a deal designed to create …
Nov 9, 2018, 9:15 PMIn context

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