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Category Archives: Tech
A new disclosure shows, again, how badly Tiger’s ‘pray and spray’ fund performed
Tiger Global famously fueled the pandemic-era venture capital boom, investing heavily in a wide range of startups, setting up bidding wars for even the most unproven startup that led to sky-high valuations. In 2021 alone, the hedge fund backed 315 … Continue reading
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US sanctions Chinese cybersecurity firm for firewall hacks targeting critical infrastructure
The U.S. sanctioned a Chinese cybersecurity company and one of its employees for exploiting a zero-day vulnerability in Sophos firewalls to target U.S. organizations. On Tuesday, the U.S. Treasury Department said Guan Tianfeng, an employee of Sichuan Silence, used the … Continue reading
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Oracle shares head for worst day of 2024 after earnings miss
Oracle shares fell on Tuesday following disappointing quarterly results from the database software company.
Phhhoto’s antitrust claim against Meta is heading back to the courts
A U.S. appeals court has overturned a decision in an antitrust lawsuit against Meta, which was filed in in late 2021 by the long-shuttered social app Phhhoto. In court, the startup alleged that Meta violated U.S. antitrust law by copying … Continue reading
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US Senator announces new bill to secure telecom companies in wake of Chinese hacks
U.S. Democratic Senator Ron Wyden announced a new draft bill with the goal of securing American telephone networks and Americans’ communications in response to the massive hack of telecom providers allegedly done by Chinese government hackers. In a press release … Continue reading
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CarDekho SEA raises first-ever outside funding, co-founder says he’s interested in acquisitions
CarDekho SEA, a Singapore-based auto financing service platform, has raised $60 million in equity, valuing the company at over $300 million, from Navis Capital Partners and Dragon Fund. This is its first round of external funding, following a previous investment … Continue reading
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How Crypto Insiders Turned ‘Debanking’ Into a Political Storm
Concerns that crypto companies are being purposely cut off from the global banking system have become a political cudgel at an opportune moment for the industry.
Google Makes New Quantum Computing Breakthrough
Google unveiled an experimental machine capable of tasks that a traditional supercomputer could not master in 10 septillion years. (That’s older than the universe.)
China Investigates NVIDIA for Allegedly Breaking Monopoly Law
China conditionally approved NVIDIA’s acquisition of Mellanox in 2020, but the investigation announcement suggests the AI chipmaker may not be meeting the conditions.
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San Francisco is the most prepared city for new transportation tech
San Francisco is the most prepared city for new transportation technologies like AI, autonomous vehicles, and air taxis, according to an new urban mobility readiness index released Tuesday. The index, created by the Oliver Wyman Forum and the University of … Continue reading
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