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September 9, 2024, 12:00 PM
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| Washington Post: |
The US DOJ's case against Google's ad business may benefit Meta, Amazon, and news organizations that pay Google a cut of revenue for brokering their website ads — Federal prosecutors are seeking a divestment of Google's multibillion-dollar online advertising business, saying its monopoly power harms advertisers and publishers.| Dan Primack / Axios: |
Source: Sequoia Capital completed its $861M purchase of Stripe shares from Sequoia limited partners last week; Stripe didn't receive any proceeds — - It also could become a model for how VC firms deal with long-in-the-tooth portfolio companies. … - Some LPs exited completely … | Ivan Mehta / TechCrunch: |
Bending Spoons plans to lay off 75% of WeTransfer staff after acquiring the file-sharing service in July 2024; WeTransfer reportedly has 350+ employees — Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned.
More: Reuters, PetaPixel, Tech Startups, Silicon Republic, The Verge, TechRadar, and Silicon Canals
Threads: @wesley. X: @om, @quinnypig, @yasserm86, and @gergelyorosz. LinkedIn: Marco Bulgarini. Forums: Slashdot
| Mary Ann Azevedo / TechCrunch: |
Miami-based Finally, which offers bookkeeping, accounting, and finance tools for SMBs, raised a $50M Series B from PeakSpan and secured a $150M credit line — The SMB-focused bookkeeping, accounting and finance startup Finally has raised $50 million in a Series B round of funding and secured …
More: PitchBook and Refresh Miami
| Jack Apollo George / The Guardian: |
A writer who works for a tech company describes how he helps train AI models how to write, by making up pretend responses to hypothetical chatbot questions — Journalists and other writers are employed to improve the quality of chatbot replies. The irony of working for an industry …
Mastodon: @michellemanafy@journa.host. X: @timkendall_path, @rosenzweigjane, and @martyswant
LinkedIn: Mark Little, Elke Schwarz, PhD, Jason Bissell, and Peter Llewellyn
| George Hammond / Financial Times: |
An interview with Iconiq Capital's Matthew Jacobson on the firm's focus on M&A and secondary markets, investing in startups creating AI “applications”, and more — Investment group that acts as family office of top entrepreneurs bets on M&A and secondary markets
More: Benzinga and PYMNTS.com
| Ashley Carman / Bloomberg: |
Audible plans to invite some US-based audiobook narrators to train AI on their voices, cloning them and paying for title recordings via a royalty-sharing model — The audiobook service is inviting some US-based narrators to train artificial intelligence on their voices
More: ACX
| Ryan Browne / CNBC: |
Skype co-founder Niklas Zennström's Atomico raised $1.24B for its sixth batch of new funds, including a $754M growth-stage fund and a $485M early-stage fund — LONDON — Atomico, an early investor in top European technology firms from Stripe to Klarna, announced Monday the launch …
More: Atomico, Bloomberg, TechCrunch, EU-Startups, Tech Startups, TNW, Tech.eu, Sifted, Tech Funding News, Silicon Republic, Silicon Canals, and UKTN
| Taro Fuse / Bloomberg: |
Sources: Tokyo-based chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts — - Government-funded startup is approaching Mizuho, SMBC and DBJ — Rapidus part of Japan's campaign to regain leadership in chips
More: The Register
| Julie Jargon / Wall Street Journal: |
Parents concerned about students' screen time at school are trying to opt their kids out of classroom tech, after working to ban smartphones in the classroom — After working to ban phones in the classroom, parents are now seeking a return to pencil and paper
More: Fox News, Deseret News, Associated Press, and Politico
LinkedIn: Matthew Small and Christopher Denny
| David Adams / SmartCompany: |
Australia-based SafetyCulture, which offers a suite of risk management tools, raised AU$165M led by Airtree at a AU$2.5B valuation, down from AU$2.7B in 2023 — SafetyCulture has booked a fresh $165 million funding round, marking one of the year's largest single investments in an Australian scale …
More: Business News Australia, The Loop, Tech Funding News, and Capital Brief
LinkedIn: SafetyCulture and Airtree
| Joyce Lee / Reuters: |
South Korea is hosting a summit in Seoul on September 9-10, seeking to establish a blueprint for the responsible military use of AI; 90+ countries are attending — South Korea convened an international summit on Monday seeking to establish a blueprint for the responsible use of artificial intelligence …
More: Cryptopolitan, Benzinga, Blockonomi, and The Crypto Times
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5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
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