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Tim Bradshaw / Financial Times:
UK-based Graphcore, which makes machine learning chips, raises $200M from investors including Atomico, Sofina, BMW, and Microsoft, valuing the company at $1.5B   —  The UK-based chipmaker Graphcore has raised $200m in a new funding round from investors including Microsoft and BMW, valuing the company at $1.5bn.
Dec 18, 2018, 4:05 AMIn context
Aliya Ram / Financial Times:
AR startup Blippar enters administration after an alleged dispute over funding, months after raising $37M   —  Blippar, an augmented reality start-up that once claimed to be one of the UK's few “unicorns”, has appointed administrators after an alleged dispute over funding.
Dec 17, 2018, 1:45 PMIn context
Tim Bradshaw / Financial Times:
Irish Data Protection Commission says that this week it has opened a broad investigation into Facebook's GDPR compliance in light of numerous data breaches   —  Facebook is facing a broad investigation from the Irish data regulator into the high number of data breaches this year …
Dec 14, 2018, 12:33 PMIn context
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

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