7957e52d44b0445e63e3959104f0455249088fe0 Injection University Tech Power

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

Vista Equity Partners to acquire automated tax compliance company Avalara for $8.4B

Aug 8, 2022

Global investment giant Vista Equity Partners has announced plans to acquire automated tax compliance software provider Avalara in an all-cash deal worth $8.4 billion. Founded in 2004, Seattle-based Avalara works with companies including Zillow, Pinterest and Roku, helping to automate many of the time-consuming processes involved in managing taxes in each market they operate. Indeed, many governments around the world collect taxes based on where a service is consumed, rather than where th ...read more

Bluu Seafood unveils its first lab-grown fish products and readies for regulators

Aug 8, 2022

Bluu Seafood, a German company developing “lab-grown” fish, is showcasing its first finished products as it prepares to begin the regulatory approval process for key markets in Asia, Europe and North America. Founded in 2020 (originally as Bluu Biosciences), Bluu Seafood is one of several companies working to solve the world’s seafood production problems, which includes overfishing, contamination from heavy metals and plastic, and cruelty. To do this, the Berlin-based company starts with ...read more

Q3 outlook forecasts cloudy days ahead for fintech M&A

Aug 8, 2022

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out th ...read more

Scientists challenge Google's quantum supremacy claims using 512 GPUs

Aug 8, 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

Britain's AA president takes the "microwave" measure to prevent keyless car theft

Aug 8, 2022

A hot potato: Keyless car theft has become a growing issue recently, as carjackers have learned how to hack wireless key fobs. Safety measures to fight these new techniques exist, but recent comments from a British car association president bring them into question. Since the rise of fobs that automatically unlock and start cars, car thieves have developed ways to circumvent their digital locks, and security measures have evolved in response. The situation resembles the cat-and-mouse game bet ...read more

SoftBank cautions longer startup winter because unicorn founders are unwilling to cut valuations

Aug 8, 2022

Masayoshi Son, founder and chief executive of SoftBank Group, which reported a quarterly loss of over $23 billion, is worried that the funding winter for startups may continue for longer. The 64-year-old executive, whose Vision Funds have backed over 470 startups globally in the past six years, said on Monday that some unicorn founders are unwilling to accept lower valuations in fresh funding deliberations, a fact that has led him to believe that the “winter maybe longer” for unlisted ...read more

Why not all VCs are ready to embrace AI-powered investment tools

Aug 8, 2022

AI’s strength lies in its predictive prowess. Fed enough data, the conventional thinking goes, a machine learning algorithm can predict just about anything — for example, which word will appear next in a sentence. Given that potential, it’s not surprising that enterprising investment firms have looked to leverage AI to inform their decision-making. There’s certainly plenty of data that one might use to train an AI-powered due diligence or investment recommendation tool, including ...read more

Tencent is negotiating for a bigger stake in Ubisoft

Aug 8, 2022

The big picture: Recent reports indicate Tencent wants to become Ubisoft's biggest shareholder, working out an aggressive deal to buy stocks from public shareholders and the Guillemot family. Tencent is likely seeking more international gaming revenue as both companies have run into turbulence recently. Sources have told Reuters that Tencent senior executives met with Ubisoft's founding Guillemot family in May to discuss making an additional stake purchase in the company. Tencent bought five ...read more

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