Startup Valuations Continue Historic Rise
The average valuation for a late-stage startup in the U.S. reached $914 million in the first half of the year.
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Taiwan Tells Washington Auto Chip Shortage Likely to Abate By Year-End
The move comes after U.S. senators from Michigan and Ohio—two auto manufacturing hubs—asked Taiwan to help ensure chip supplies.
Tencent-Backed Chinese Comic Reading App Raises $240 Million
Kuaikan's new funding round comes despite the Chinese government's escalating crackdown on internet platforms.
Crypto Mining Moves Out of China
As China continues to crackdown on energy-burning servers farms minting bitcoin, the miners are moving to places like North America.
Facebook Releases Report on Popular Posts After Previously Shelving It
Facebook's alleged cover-up of the report may cause more policymakers to view the company as being motivated by its own self-interest, not by notions of transparency.
California Judge Strikes Down Uber-Backed ‘Gig Worker’ Law Passed By Voters
The worker reclassification fight goes on, but Uber said it expected to win the case on appeal.
GM Doubles Chevy Bolt Recall to 140,000 Vehicles Over Battery Fire Concern
It also raises questions about the formulation used in the batteries of both the GM and Hyundai EVs—nickel-manganese-cobalt.
Amazon to Open Department Stores
Brick-and-mortar Amazon stores may soon be coming to a town near you
UK Antitrust Regulator Has ‘Significant’ Concerns Over Nvidia’s Arm Takeover
The companies have a difficult at best chance of completing the deal.
China Adopts Strict Data Privacy Law Amid Crackdown on Tech Giants
The move isn’t expected to curb the widespread government surveillance of Chinese citizens that currently takes place.
Epic’s Unredacted Legal Filing Shows Google’s Fear of App Store ‘Contagion Risk’
The new filing fans the flames of Epic’s case and was published despite Google’s opposition.
Amazon to Stream Country Music Awards Exclusively
The company nabbed more live-TV rights for its streaming-video advertising business, even as award show viewership plummets.
OnlyFans Plans to Block Pornography From Site
In October, OnlyFans creators will no longer be allowed to post sexually graphic content on the service.
FTC Tries Again With Antitrust Case Against Facebook
It’s unclear if the expanded allegations will resolve the concerns of the judge who previously threw out the lawsuit.
Nvidia CEO Says Arm Deal Closure May See Further Delays
For the first time, Nvidia CEO Jensen Huang has acknowledged that his company's $40 billion acquisition chip designer Arm may extend beyond its original time frame.
Google Veteran Starts New FinTech Firm
Google executives with experience in payments have left the tech giant to join Caesar Sengupta’s new company, Arbo Works
Chinese AI Firms Look to Hong Kong IPOs After Domestic Plans Falter
SenseTime and Yitu both shifted to Hong Kong after a slowdown in approvals for IPOs in Shanghai’s new tech-friendly Star Market sent them seeking alternatives.
Privacy Coalition Criticizes Apple For Child Pornography Scanning
The letter comes as Apple faces intense backlash over the feature, which has raised concerns among some privacy experts that have previously praised Apple.
Chip Maker GlobalFoundries Files for IPO Amid Chip Shortage
The move could be an exit strategy for its own, Mubadala Investment, and suggests that they aren't interested in selling the business to Intel.
Crypto Trades Fuel Revenue Growth at Robinhood
Robinhood's revenue surged 131% from the same period in 2020, according to its first earnings report as a public company.
Weekday mornings
The Information AM by The Information Staff
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