7957e52d44b0445e63e3959104f0455249088fe0 Injection University Tech Power

Seattle startup Legalpad acquired by payroll and compliance giant Deel

Aug 8, 2022

Legalpad CEO Todd Heine. (Legalpad Photo) Legalpad, a Seattle startup that helps companies apply for visas on behalf of international talent, has been acquired by Deel, a San Francisco company that sells software to facilitate hiring and paying of employees on global teams. Founded in 2018, Legalpad helps American businesses automate and simplify the process of submitting work visa applications for foreign-born employees. Deel is a 3-year-old Y Combinator company backed by Andreessen Ho ...read more

Insiders describe 'complete chaos' at Oracle following layoffs and restructuring

Aug 8, 2022

Take a deep breath. It's Friday. I'm Jordan Parker Erb, and today I'm taking you inside the "complete chaos" at Oracle as layoffs and restructuring roil the database giant. By the way, apologies for the slight delay this morning — we had a technical issue. (Fitting for a tech newsletter!) Let's get to it. Complimentary Tech Event The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the sector in the decades to come. 2 ...read more

Amazon to acquire Roomba maker iRobot for $1.7B

Aug 8, 2022

(iRobot Photo) Amazon is set to make another major acquisition. The Seattle tech giant said Friday it will scoop up iRobot, the Boston-area company known for its Roomba vacuum, in a $1.7 billion deal. The news comes just two weeks after Amazon announced it will acquire primary care company One Medical for $3.9 billion. This would be Amazon’s fourth-largest acquisition ever, behind its $13.7 billion purchase of Whole Foods, the $8.45 billion deal to buy MGM, and the One Medical acquisit ...read more

Seattle approves permanent 15% fee cap on food delivery companies, with key compromise

Aug 8, 2022

(Uber Photo) The Seattle City Council voted Tuesday to permanently implement a 15% cap on the fees that services such as Uber Eats, DoorDash, Grubhub, and others charge restaurants for food delivery. The cap has been in place since April 2020, when it was implemented as part of an emergency order at the onset of the pandemic. It was meant to mitigate the financial hardship that small businesses faced under shutdown orders, as delivery orders increased. Without the limitation, some deliv ...read more

As Amazon vacuums up iRobot, critics call on regulators to pull the plug on Big Tech deals

Aug 7, 2022

Amazon’s proposed acquisition of Roomba maker iRobot for $1.7 billion could push its annual spending on acquisitions to a new high, when combined with its purchase of MGM for $8.45 billion and its proposed deal to acquire primary care company One Medical for $3.9 billion. But will U.S. antitrust regulators let it happen? That is a key question following Amazon’s announcement of its deal Friday morning to acquire iRobot, the Boston-based company behind the market-leading robotic home vac ...read more

Funniest/Most Insightful Comments Of The Week At Techdirt

Aug 7, 2022

from the said-and-done dept This week, our first place winner on the insightful side is an anonymous comment about the EU’s new office in Silicon Valley that aims to work with tech companies on EU law compliance: I know it won’t happen because money, but the tech companies really need to just stop trying to placate these people. If a country passes laws that make it too onerous to do business there, the company needs to just say “If that’s how you want it, then we won’t do busin ...read more

The cybersecurity funding bubble hasn’t burst — but it’s starting to deflate

Aug 7, 2022

Last year was record-breaking for the cybersecurity market. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record-shattering” $29.5 billion in venture capital in 2021, more than doubling the $12 billion raised in 2020, while a record number — including Dragos and Noname Security — were minted as unicorns. The past few months have started to paint a different picture for the industry, which has managed to ...read more

The state of the tech economy: Takeaways from Amazon, Apple, Microsoft, Meta and Alphabet

Aug 7, 2022

This week on the GeekWire Podcast, we play highlights and offer our thoughts on the recent earnings calls of Amazon, Apple, Microsoft, Meta and Alphabet, seeking to better understand what’s next for the tech economy. A few of my thoughts after listening to all of the calls last week: “Uncertainty” is the watch word. Big tech companies are adjusting to the potential for a recession, with job cuts and other belt-tightening moves, but generally aren’t seeing the extreme realities of ...read more

AMD board partners unveil more enthusiast AM5 motherboards

Aug 7, 2022

What just happened? ASRock, Asus, Biostar, Gigabyte, and MSI revealed more details about their upcoming high-end X670 and X670E motherboards. Some of the most notable features include PCIe 5.0 and USB4 support, extreme power delivery designs, and wider M.2-25110 slots. However, the companies didn't mention anything about their B650 motherboards, suggesting that these might not launch at the same time as AMD's Ryzen 7000 processors next month. At AMD's latest Meet the Experts webinar, board pa ...read more

Scientists challenge Google's quantum supremacy claims using 512 GPUs

Aug 7, 2022

Why it matters: In 2019, a paper leaked claiming physicists at Google used their quantum computer, Sycamore, to run a calculation that would overwhelm the world's most powerful supercomputer. Chinese scientists recently challenged that claim by successfully running the identical computation in a matter of hours using the computing power of today's GPUs. Their results prove a supercomputer using today's technology could likely beat Sycamore's previous record. Google's quantum computing researc ...read more