7957e52d44b0445e63e3959104f0455249088fe0 Injection University Tech Power

VC funding to Black web3 founders popped last year, bucking trends

Jan 29, 2023

Startups in the space are more bullish than ever Much hope remains after the crypto winter almost froze the sector: the Luna crash, the bankruptcy of Celsius and the arrest of FTX founder Sam Bankman-Fried for alleged fraud. Then there was the venture pullback amid an economic downturn. In 2021, web3 startups globally raised a record $29.2 billion. By 2022, that number dipped to $21.5 billion — though that’s still much more than the total $4.8 billion and $4.2 billion such compani ...read more

Intel reports massive quarterly loss as PC demand continues to wane

Jan 29, 2023

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust. In brief: Intel finished 2022 on wobbly legs but is steadfast in its belief that greener pastures are looming. Intel reported revenue of $14.0 billion for the fourth quarter ending December 31, 2022, which is down 32 percent compared to the same period a year earlier. Gross margin slid to 39.2 percent from 53.6 percent a year earlier, and net income (loss) was $644 million. Earnings pe ...read more

Amazon adding new fees for grocery delivery

Jan 29, 2023

(Amazon File Photo) Amazon is tacking on new service fees for Prime members who get less than $150 worth of groceries via the company’s Amazon Fresh delivery service. In an email to customers, Amazon said it will start adding delivery charges of $3.95 for orders between $100-$150; $6.95 for orders between $50-$100; and $9.95 for orders under $50. Prime members in select areas previously received free delivery on any orders over $35. “We’re introducing a service fee on some Amazon F ...read more

Forecasting the Ice Loss of Greenland’s Glaciers With Viscoelastic Modeling

Jan 29, 2023

This sponsored article is brought to you by COMSOL.To someone standing near a glacier, it may seem as stable and permanent as anything on Earth can be. However, Earth’s great ice sheets are always moving and evolving. In recent decades, this ceaseless motion has accelerated. In fact, ice in polar regions is proving to be not just mobile, but alarmingly mortal.Rising air and sea temperatures are speeding up the discharge of glacial ice into the ocean, which contributes to global sea level rise ...read more

FBI brings down massive ransomware gang by "hacking the hackers"

Jan 29, 2023

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust. What just happened? In what could be described as beautifully ironic, a notorious ransomware-as-a-service (RaaS) gang has been brought down after the FBI infiltrated its systems, disrupted operations, and seized its sites. Or, as the Deputy US Attorney General put it, they "hacked the hackers." Speaking at a news conference, US Attorney General Merrick Garland, FBI Director Christophe ...read more

The latecomer advantage in startups

Jan 29, 2023

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here . Sometimes, due to the nature of the startup game, we over index on “the new.” Companies want to build for the pain point you never dreamed to disrupt; VCs want to invest in an emerging trend before it becomes a household name; and those breaking into tech are told to lean into their earnestness, be ...read more

Microsoft and VMware vet Paul Maritz backs social app that vows not to monetize user data

Jan 29, 2023

Former VMware CEO and longtime Microsoft executive Paul Maritz is a major investor in True, a social app that vows not to sell or monetize user data. (Photo courtesy True) Veteran computer scientist and business leader Paul Maritz is perhaps best known for his work in PC and server operating systems, cloud computing, and enterprise infrastructure technology. But he also has a longstanding interest in the intersection of technology and personal data, as reflected in his founding in 2003 of ...read more

Russia wants to ban popular games with "hidden inserts" that are affecting young minds

Jan 29, 2023

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust. WTF?! Russia appears to be following in China's footsteps by tightening its control over the video games industry. The country wants to protect its youth from the "negative influence" of games, and hopes to create a banned list of popular titles that use "hidden inserts" to "affect the conscious and subconscious mind." Russian publication Kommersant (via PCGamer) reports that the Russ ...read more

This Week In Techdirt History: January 22nd – 28th

Jan 29, 2023

from the and-then-this-happened dept Five Years Ago This week in 2018, the FCC was backing off its plans to weaken the definition of broadband, but still couldn’t admit that limited competition is a problem, and was apparently hoping that some phony dedication to rural broadband would distract people from how it just killed net neutrality. The State of Montana announced that it wouldn’t do business with ISPs that violate net neutrality, while a new bill in congress aimed to prevent Comc ...read more

In effort to ban caste discrimination, Seattle councilmember cites system’s link to tech industry

Jan 29, 2023

Seattle City Councilmember Kshama Sawant and supporters during a news conference this week announcing her call for legislation to ban caste discrimination in Seattle. (Twitter Photo via @cmkshama) When Seattle City Councilmember Kshama Sawant introduced legislation this week to ban caste discrimination in Seattle, her supporters included tech workers who say the system of bias and oppression has followed them from South Asia to the U.S. and Seattle. Sawant’s proposed legislation would be ...read more