Tech Funding & Investment — Coverage Timeline & Analysis

The British Library will spend £6–7 million, approximately 40% of its reserves, to recover from a cyberattack.

confirmed 1 article 2024-01-07

British Library £6M-£7M 40% of reserves

Source: the British Library will spend £6M-£7M, or 40% of its reserves, to recover from an October cyberattack that rendered most of its services inaccessible

Financial Times · 2024-01-07 · #19

Sources say those companies are shifting some orders away from Nvidia's chips to Huawei's China-made AI chips.

rumored 1 article 2024-01-07

Alibaba Tencent Baidu ByteDance Huawei's China-made chips

Sources: Alibaba, Tencent, Baidu, and ByteDance aren't keen on buying Nvidia's lower-powered AI chips and are shifting some orders to Huawei's China-made chips

Wall Street Journal · 2024-01-07 · #7

Neobank Dave agrees to pay $71M to FTX liquidators to repurchase a $100M convertible promissory note it issued to FTX Ventures in 2022.

confirmed 1 article 2024-01-07

Dave FTX liquidators convertible promissory note ($100M) FTX Ventures

Neobank Dave reaches an agreement to pay $71M to FTX liquidators to buy back a $100M convertible promissory note that the neobank issued to FTX Ventures in 2022

Cointelegraph · 2024-01-07 · #6

U.S. national security officials have raised concerns that North Korea may be using stolen cryptocurrency to develop or fund nuclear weapons.

confirmed 1 article 2024-01-07

U.S. national security officials North Korea stolen cryptocurrency nuclear weapons

TRM Labs: North Korea-affiliated hackers were responsible for almost a third of all crypto thefts in 2023, stealing $600M+, which is ~30% less than in 2022

CoinDesk · 2024-01-07 · #5

Apple faces the challenge of reviving revenue growth in 2024.

confirmed 1 article 2024-01-07

Apple revenue growth

They stole over $600 million in cryptocurrency in 2023, which is roughly 30% less than the amount stolen in 2022.

confirmed 1 article 2024-01-07

North Korea-affiliated hackers $600M+

TRM Labs: North Korea-affiliated hackers were responsible for almost a third of all crypto thefts in 2023, stealing $600M+, which is ~30% less than in 2022

CoinDesk · 2024-01-07 · #5

RoboSense is described as Alibaba-backed, indicating Alibaba backs the lidar maker.

confirmed 1 article 2024-01-07

Alibaba RoboSense

RoboSense's stock fell 2% on its Hong Kong debut.

confirmed 1 article 2024-01-07

RoboSense

RoboSense raised $126.14M in its Hong Kong initial public offering.

confirmed 1 article 2024-01-07

RoboSense $126.14M Hong Kong

SK Hynix's market cap rose 89% in 2023 to approximately $78 billion.

confirmed 1 article 2024-01-07

SK Hynix 89% increase ~$78B

SK Hynix ranked second behind Samsung Electronics in the Korea Exchange's market-cap ranking at the end of 2023.

confirmed 1 article 2024-01-07

SK Hynix Samsung Electronics Korea Exchange

The British Library is a non-departmental public body sponsored by the Department for Digital, Culture, Media & Sport (DCMS).

confirmed 1 article 2024-01-07

British Library Department for Digital, Culture, Media & Sport (DCMS)

Source: the British Library will spend £6M-£7M, or 40% of its reserves, to recover from an October cyberattack that rendered most of its services inaccessible

Financial Times · 2024-01-07 · #19

RoboSense raises $126.14M (HK$985.12M) in its Hong Kong initial public offering.