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February 8, 2022, 6:50 AM
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| 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, @chafkin, @thatrosschap, @nancyscola, @danprimack, @carolecadwalla, @kurtwagner8, @jsrailton, @jeffbercovici, @chafkin, @owillis, @jason, @zerohedge, @fboversight, @williamturton, @thor_benson, @fboversight, @teddyschleifer, @ldrogen, @parkermolloy, @sarahfrier, @fboversight, @martinsfp, @nytimes, @rmac18, @jeffbercovici, @fboversight, @fboversight, @rmac18, @joshtpm, @epro, @sarahfrier, @jeffbercovici, @kurtwagner8, @stevekovach, @jeffbercovici, @markhachman, @aishaannhakim, @joshua__frank, @mmasnick, and @rmac18
| Frederic Lardinois / TechCrunch: |
Nvidia and SoftBank call off Nvidia's Arm acquisition; Arm CEO Simon Segars resigns and Arm's IP group president Rene Haas takes over; Arm is exploring an IPO — Nvidia's deal to acquire Arm is off, the two companies and Arm's owner SoftBank announced (PDF) tonight.
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| 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.| 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 — Company to name former Spotify CFO Barry McCarthy as replacement, overhaul board and cut costs
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Bloomberg, The Verge, Engadget, Insider, Barron's Online, Financial Times, Yahoo Finance, and SlashGear
Tweets: @sam_l_shead, @0mgould, @carnage4life, @carnage4life, @cararlombardo, and @cararlombardo
| 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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iThinkDifferent, Apple Must, Ubergizmo, iMore, Wccftech, Gizmodo, SiliconANGLE, MacDailyNews, Patently Apple, iPhone in Canada Blog, iPhone Hacks, MacRumors, 9to5Mac, and iClarified
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, XDA Developers, TechCircle, The Verge, and Android Authority
Tweets: @newsycombinator, @sa0un, @signalapp, and @suka_hiroaki
| 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
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Moneycontrol, Moneycontrol, Tech in Asia, The Economic Times, The Ken, The Indian Express, and Newslaundry
Tweets: @manicontrol2020, @chandrarsrikant, @digbijaymishra1, @anantgoenka, and @chandrarsrikant
| 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
| Karl Freund / Forbes: |
Intel announces efforts to accelerate RISC-V development and adoption, including licensing plans, chip manufacturing partners, and a $1B IFS Innovation Fund — This announcement will have a long-lasting impact on the entire semiconductor industry: — Intel must fabricate chips …
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Intel, RISC-V International, Business Wire, Protocol, Wccftech, Neowin, ZDNet, SiFive, insideHPC, and TechPowerUp
Tweets: @intelnews, @oak8292, @randhir_intel, @iancutress, @pgelsinger, @iancutress, @iancutress, @iancutress, @migueldeicaza, and @benbajarin
| 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 … | Ivan Levingston / Bloomberg: |
UK-based GoCardless, which processes direct debit payments for Klarna, DocuSign, and others, raises $312M led by Permira at a $2.1B valuation — U.K. financial technology startup GoCardless raised $312 million in new funding to speed up its expansion in open banking across products and geographies.| 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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The Guardian, GOV.UK, Engadget, The Verge, Insider, Press Association, infosecurity-magazine.com, and Slashdot
| 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.| Jay Graber / Bluesky: |
Bluesky, the decentralized social media initiative announced by Twitter in 2019, becomes a Public Benefit LLC with Jack Dorsey as one of the board members — In 2019, Twitter announced bluesky, a project it would fund to create an open and decentralized standard for social media.| 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
| Pandaily: |
Taichi Graphics, an open-source cloud platform for creating 3D graphics, raises a $50M Series A co-led by Source Code Capital, GGV Capital, and BAI Capital — Your browser doesn't support HTML5 audio — Taichi Graphics, an open-source graphics infrastructure and digital content creation cloud platform …
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