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December 7, 2021, 12:15 PM
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| Wayne Ma / The Information: |
Sources: a secret deal between Tim Cook and China, brokered in 2016, paved the way for Apple's success by promising to invest $275B+ in the country's economy — Interviews and internal Apple documents provide a behind-the-scenes look at how the company made concessions to Beijing and won key legal exemptions.| Catalin Cimpanu / The Record: |
Microsoft seizes 42 domains allegedly used by a Chinese cyber espionage group that targeted organizations in 29 countries including the US — Microsoft said today that its legal team has successfully obtained a court warrant that allowed it to seize 42 domains used by a Chinese cyber-espionage group …
Source:
Microsoft On the Issues. More:
Microsoft Security Blog, New York Times, Windows Central, The Hacker News, BleepingComputer, Ars Technica, Malwarebytes Labs, TechCrunch, PCMag, ZDNet, The Register, TechRadar, SiliconANGLE, and Slashdot
Tweets: @campuscodi, @campuscodi, @campuscodi, @byron_wan, @nytimesbusiness, @infosecsherpa, and @msftissues
| David McCabe / New York Times: |
Ahead of a congressional hearing, Adam Mosseri outlines forthcoming parental controls for Instagram, including monitoring time spent and deleting posts in bulk — Adam Mosseri, the head of the company, is expected to face questions from lawmakers this week about whether social media harms children.
Source:
Meta. More:
BBC, PYMNTS.com, NPR, PCMag, Wall Street Journal, Insider, CNET, TechCrunch, 9to5Mac, The Hill, The Economic Times, CNBC, CNN, Bloomberg, Engadget, The Verge, and Reuters
Tweets: @instagram, @mosseri, @jason_kint, @jeremarketer, @roncharles, @gregorynyc, @alexvoica, @swodinsky, @stevekovach, and @andymstone
| Cho Mu-Hyun / ZDNet: |
Samsung merges its mobile and consumer electronics divisions into one business unit led by JH Han, and names Kyehyun Kyung as the CEO of its semiconductor unit — The Galaxy-device maker's smartphone and TV divisions will now be run by a single CEO. — Samsung said on Tuesday it has merged … | Zac Hall / 9to5Mac: |
Twitter acquires messaging app Quill, which will shut down and delete all user data on December 11 after launching earlier this year to challenge Slack — In February 9to5Mac reported on the launch of a focus-focused Slack competitor called Quill. Today Twitter is bringing Quill under its wing …
More:
Engadget, The Verge, and iMore
Tweets: @ludwig, @licuende, @kayvz, @justjake, @dr, @caseynewton, @robinwauters, @martinsfp, and @carnage4life
| Tom Warren / The Verge: |
Discord begins testing Premium Memberships, which let creators monetize servers through tiered perks, making channels or servers exclusive to paying users, more — You'll soon be able to subscribe directly to Discord servers — Discord is starting to test a new Premium Memberships feature …
More:
TechCrunch and VentureBeat
| Thomas Black / Bloomberg: |
Quantinuum, recently spun off from Honeywell, claims it has created the first quantum-generated encryption key, which can't be predicted — - Company says quantum computing's power improves security — Product to compete against offerings from Amazon, Microsoft| Kenrick Cai / Forbes: |
Anyscale, which helps apps run efficiently across distributed infrastructure with the Ray open source framework, raises $100M Series C led by a16z and Addition — The UC Berkeley computer science labs, from which seven academics formed $38 billion data startup Databricks, have minted a second billion-dollar business.| Juli Clover / MacRumors: |
Report: the US DOJ has asked Roblox why it changed “games” to “experiences” on its website, and asked Roblox and other developers to clarify the difference — The United States Justice Department is investigating Apple for antitrust issues, and Roblox is an area …
Source:
The Information. More:
AppleInsider, Digital Trends, iThinkDifferent, iMore, 9to5Mac, and MacDailyNews. Tweets: @youfoundsam_rbx
| Christine Hall / TechCrunch: |
Circle, a community platform where creators can manage content and memberships, raises a $24.7M Series A led by Tiger Global at a $200M post-money valuation — Having a thriving community is the backbone for creators, but when the global pandemic hit, brands also found that they needed similar engagement … | Antoine Gara / Financial Times: |
Sources: Thoma Bravo is raising $35B for tech company buyouts; in 2021, the PE firm acquired RealPage for $10.2B and Proofpoint for $12.3B — US-based specialist on a software acquisition binge is raising $35bn for more — The mood was buoyant when private equity executives congregated …
Tweets: @antoinegara and @robinwauters
| Wall Street Journal: |
Intel plans to take its Mobileye unit public, sources say at a $50B+ valuation; Intel acquired the self-driving car company in 2017 for about $15B — Move could value Mobileye at more than $50 billion, according to people familiar with the matter — Intel Corp. is planning to publicly list shares …
More:
Reuters, Intel, The Register, Telecoms.com, The Times of Israel, CNBC, Silicon Republic, Silicon Valley Business …, New York Times, SiliconANGLE, Oregonian, MarketWatch, TechCrunch, Protocol, Bloomberg, and iTnews
Tweets: @benbajarin, @djohnson_cpa, @epro, and @djtgallagher
| Anita Ramaswamy / TechCrunch: |
Majority, a mobile banking service serving migrants to the US, raises a $27M Series A led by Valar Ventures, six months after its $16M seed round — MAJORITY, a mobile banking service for migrants to the United States, said on Tuesday it had raised $27 million in its Series A funding round led by Valar Ventures.| Alex Heath / The Verge: |
Hands-on with Snap Spectacles, announced in May: lightweight bold design and impressive AR, but overheating and 30-minute battery shows why these aren't on sale — Mainstream AR glasses are still years away — It doesn't take long to realize why Snap's first true AR glasses aren't for sale.| Gillian Tan / Bloomberg: |
Incode Technologies, an ID verification and authentication service, raises $220M at a $1.25B valuation led by General Atlantic and SoftBank Latin America Fund — - Identify verification, authentication firm raises $220 million — New valuation represents roughly 10-fold lift over prior mark
More:
SiliconANGLE, VentureBeat, Crunchbase News, FinSMEs, and Reuters
| Ingrid Lunden / TechCrunch: |
Mimecast, which makes email security tools, says PE firm Permira plans to take it private in a $5.8B all-cash deal; Mimecast has been public since 2015 — Nine months after competitor Proofpoint was scooped up by Thoma Bravo for $12.3 billion, Mimecast is also going the private equity route.
More:
Bloomberg, CRN, MarketWatch, and GlobeNewswire News Room
| Packy McCormick / Not Boring: |
The allure of speculative returns on Web3 is attracting talent, who in turn will create opportunities for more people to earn money by doing what they find fun — More fun making money, and more money having fun … Today's Not Boring is brought to you by... Mosaic
Tweets: @ldrogen, @divine_economy, @startupstella, @packym, @jonst0kes, @jposhaughnessy, @michaelbatnick, and @timrpeterson
| Bloomberg: |
NFT data shows price differences based on race and gender; the average minimum sale price of darker-skinned male CryptoPunks trails lighter ones — Price differences based on race and gender are emerging among the CryptoPunk NFTs. What do the disparities mean?
More:
Cointelegraph, Bankless Times, Protocol, TechSpot, NFT Alpha, Cryptonews, Decrypt, and Chainalysis Insights
Tweets: @misyrlena, @friscojosh, @ericajoy, @wealth, and @welshdalailama
| Lizzy Lawrence / Protocol: |
Q&A with Julien Codorniou, Meta's outgoing head of Workplace, on expanding into enterprise services, maintaining privacy, the future of Workplace, and more — As a parade of executives have announced plans to leave Meta (formerly known as Facebook), employees know exactly where to look …
More:
Insider, LinkedIn, CNBC, Adweek, TechCrunch, Felix Capital, and The Irish Times
| Matthew Heimer / Fortune: |
AgentSync, which helps insurance agencies manage broker onboarding, licensing, and compliance requirements, raises a $75M Series B at a $1.2B valuation — Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. — Learning from mistakes …
More:
TechCrunch and Insurance Journal
| D. T. Max / New Yorker: |
An in-depth look at Welshman James Howells' desperate efforts to excavate his local landfill to recover a hard drive with 8,000 bitcoins mined in 2013 — For years, a Welshman who threw away the key to his cybercurrency stash has been fighting to excavate the local landfill.
Tweets: @newyorker, @andrewmarantz, @grady_booch, @gladstein, and @jtruk
| Eric Geller / Politico: |
White House officials met with Google, AT&T, Cloudflare, Mandiant, and others in Silicon Valley to discuss combating state-sponsored hackers and criminal gangs — As cyber threats from countries like Russia multiply, officials met with corporate executives to pitch their vision for “operational collaboration.”| Richard Lawler / The Verge: |
An AWS outage that began around 10:45am ET has led to disruptions for many services including Disney+, Tinder, Roku, Coinbase, Cash App, Amazon Music, and Venmo — Amazon says it is working toward a solution — Problems for some of Amazon's AWS cloud servers are causing slow loading … | Ryan Browne / CNBC: |
Atomico: European tech startups will raise a record $121B in 2021, up from $41B in 2020, with <1% going to early-stage; 98 unicorns were created in 2021 — - Start-ups in Europe are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico.
Source:
State of European Tech 2021. More:
Silicon Republic, PYMNTS.com, Tech.eu, Forbes, Sifted, The Times, TechCrunch, and Bloomberg
Tweets: @hkanji, @ryan_browne_, @amirmizroch, and @afneil
| Anita Ramaswamy / TechCrunch: |
Hummingbird, which sells anti-money laundering tools to banks and fintechs, raises a $30M Series B led by Battery Ventures, bringing its total funding to $41.8M — Hummingbird, which sells anti-money laundering software to banks and fintechs, announced today that it raised a $30 million Series B led by new investor Battery Ventures.
More:
Finextra, FinSMEs, Battery Ventures, and Joplin Globe
| Martin Anderson / Unite.AI: |
Study: AI research regularly reuses a small number of ML datasets by a few institutions like Stanford, Microsoft, Princeton, Meta, Google, Max Planck, and AT&T — A new paper from the University of California and Google Research has found that a small number of ‘benchmark’ machine learning datasets … Sponsor Posts
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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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