7957e52d44b0445e63e3959104f0455249088fe0 Injection University Tech Power

Black Founders Matter ousts Black founder, morphs into BFM Fund

Aug 8, 2022

Plenty of pixels have been spilled documenting the mission of Black Founders Matter, from TechCrunch to The New York Times. What began in 2018 as an apparel company aimed at raising awareness of the dearth of capital allocated to Black founders eventually morphed into a fund and a pledge to nudge venture capitalists toward investments in BIPOC women founders. On May 31, days before the story about the pledge was published on TechCrunch, the fund presented its founder, Marceau Michel, wit ...read more

Qualcomm extends GlobalFoundries semiconductor partnership through 2028

Aug 8, 2022

Why it matters: On Monday, GlobalFoundries and Qualcomm signed a multi-billion dollar revenue agreement that more than doubles their existing long-term semiconductor partnership. The announcement came during the one-day CEO Summit in Washington being co-hosted by Ford Motor Company, GlobalFoundries, and Applied Materials. The deal means Qualcomm will stick around as a GlobalFoundries customer through at least 2028, and secures wafer supply and commitments through capacity expansion at GlobalF ...read more

NSO Group Hacking Prompts Apple To Add A ‘Lockdown Mode’ To Its Devices

Aug 8, 2022

from the can't-wait-to-hear-what-Chris-Wray-has-to-say-about-this dept Israeli malware maker NSO Group’s frequent targeting of iPhones has led to multiple rounds of patches, a federal lawsuit, and Apple instituting a notification program to inform customers their devices have been compromised. Apple’s next move in this particular arms race will help defend users against malware deployment by government agencies, many of which use exploits purchased from NSO Group and its competitors. ...read more

Ethereum co-founder sees role diminishing as blockchain becomes increasingly decentralized

Aug 8, 2022

As the layer-1 blockchain Ethereum continues to focus on a road map toward greater decentralization, its co-founder, Vitalik Buterin, thinks that moment might come sooner than expected. In the early days after Ethereum’s launch in 2015, Buterin said he was doing development and research, but now there are more than a dozen researchers and multiple development teams that have taken control of the project, giving him and others a chance to step back from a prominent role over the blockch ...read more

Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

Aug 8, 2022

Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said.  The company also said Monday it has secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider. “We are committed to working with regulators to continue to bring our products and services to market, particularly ...read more

Elon Musk Still Wants Everyone (Including The Judge) To Believe His Fight With Twitter Is About Spam. It’s Not

Aug 8, 2022

from the that's-not-how-any-of-this-works dept As I type this, I’m sitting in a (fairly uncomfortable) chair in the lobby of a Holiday Inn, having read through nearly 300 pages of legal filings of sniping between Elon Musk (165 pages) and Twitter (127 pages) trying to figure out how to best explain what’s in the filings in a meaningful and accurate way. Because the media coverage of this case continues to suck. For example, you may have heard that Elon Musk “countersued” Twitter. Head ...read more

Geek+ raises another $100M for its warehouse robots

Aug 8, 2022

Two things are for certain: 1. There continues to be a lot of excitement around warehouse robotics and 2. Geek+ is extremely good at raising money based on that fact. The Beijing-based warehouse robotics firm just raised another $100 million in funding, labeled a “Series E1,” with participation from  Intel Capital, Vertex Growth and Qingyue Capital Investment. The last time we wrote about the company was still fairly early on in the pandemic – June 2020 – when it had just raise ...read more

America’s Two Biggest Cable Broadband Monopolies Failed To Add Any New Customers Last Quarter

Aug 8, 2022

from the do-not-pass-go,-do-not-collect-$200 dept Mon, Aug 8th 2022 05:27am - Karl Bode Roughly 83 million Americans currently live under a broadband monopoly. In most instances, their only choice is Comcast or Charter Communications, which sells service under the “Spectrum” brand. And in both cases, users pay significantly higher prices for spotty, slow, service with statistically terrible customer service, because that’s how monopolization works. But the nation’s two biggest ca ...read more

Losses at SoftBank’s Vision Funds have consumed nearly all their historical gains

Aug 8, 2022

Earnings season is slowing, with the largest U.S. tech companies already having reported second-quarter results. But oftentimes the most interesting results come not from your Amazons or Apples, but from smaller concerns — and even those that are not traditional tech companies. SoftBank, for example. Today, the Japanese conglomerate and startup investing powerhouse reported earnings that were more than a little bleak. SoftBank’s quarterly losses, worth around 3.2 trillion yen ($24.5 ...read more

Malware-packed Chinese apps found on Mac App Store

Aug 8, 2022

In brief: Apple likes to talk about how its App Store is incredibly safe and that sideloading apps is just asking for trouble. But Cupertino's virtual storefront certainly isn't immune to malware-filled applications. One researcher has discovered several of them evaded safeguards and made their way onto the Mac App Store. Researcher Privacy 1st (Alex Kleber) analyzed seven different Apple developer accounts, all managed by the same Chinese dev. They note that the apps abuse the Mac App Store ...read more