Techmeme – If you’ve been watching the tech industry evolve, it won’t surprise you that social networks enable political revolutions, brand new companies can acquire millions of customers in months, or the world’s most valuable company built that wealth on products that didn’t exist five years ago. Techmeme is the foremost source for tracking these changes.
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- General Atlantic says it plans to invest $2B in Indian and Southeast Asian startups over the next two years, with ~15 currently in early-stage funding talks (Aditya Kalra/Reuters)
- Singapore-based BUD, which offers a metaverse for Gen Z via its apps and plans to launch an NFT marketplace, raises $36.8M Series B led by Sequoia Capital India (Rita Liao/TechCrunch)
- Sources: Broadcom is in ongoing talks to acquire VMware, but a deal is not imminent (Greg Roumeliotis/Reuters)
- Paytm, whose share price has dropped 57% so far this year, reports Q4 revenue of ~$200M, up 89% YoY, and a net loss of ~$98M, up 72% YoY due to higher expenses (Reuters)
- YouTube takes down 70K+ videos and 9K+ channels about the war in Ukraine for violating content guidelines, including videos referring to a "liberation mission" (Dan Milmo/The Guardian)
- A look at the autonomous vehicle industry, as CB Insights says equity funding for startups developing autonomous vehicles passed $12B in 2021, up 50%+ YoY (Rebecca Fannin/CNBC)
- Google details three campaigns that used Predator spyware, developed by North Macedonian company Cytrox and exploited five Android vulnerabilities found in 2021 (Lily Hay Newman/Wired)
- Q&A with Arm CEO Rene Haas on the company's plans, business model, open-source competitor RISC-V, Intel relationship, need to invest more in R&D, and more (Max A. Cherney/Protocol)
- London-based Vertice, which helps businesses streamline SaaS purchases and reduce their annual spend by 20%-30%, emerges from stealth with a $26M Series A (Silicon Canals)
- iFixit will sell nearly every part of Valve's Steam Deck, including its $350 motherboard with the AMD Aerith chip, and upgrades to the fan and the screen (Sean Hollister/The Verge)
- European Central Bank President Christine Lagarde says crypto "should be regulated" to deter people from speculating on assets that are "based on nothing" (Cagan Koc/Bloomberg)
- A look at the antitrust woes of Google, which is potentially in more trouble than other Big Tech companies as multiple bills and lawsuits target its businesses (Sara Morrison/Vox)
- Hands-on with Apple's Self-Service Repair kit to swap iPhone batteries: users rent 79 pounds of tools including a heat station for a seven-day $1,200 card hold (Sean Hollister/The Verge)
- Sources: Apple told some suppliers that it wants to boost production outside China, such as in India and Vietnam, citing Beijing's strict anti-COVID-19 policy (Yang Jie/Wall Street Journal)
- Analysis: 46 wallets bought a combined $17.3M worth of tokens that were listed shortly after on Coinbase, Binance, and FTX, and sold to make $1.7M+ in profit (Wall Street Journal)