Journals

Financial Times: Demis Hassabis, chief of DeepMind spinout Isomorphic Labs, believes the company would halve drug discovery times after inking deals with Eli Lilly and Novartis  —  Chief of Google’s AI unit and Isomorphic Labs spells out targets following $3bn… Read More »Demis Hassabis, chief of DeepMind spinout Isomorphic Labs, believes the company would halve drug discovery times after inking deals with Eli Lilly and Novartis (Financial Times)

Mike Wheatley / SiliconANGLE: Intel unveils AI-enabled SoCs for cars and agrees to buy Silicon Mobility, a French fabless silicon and software company that develops EV energy management SoCs  —  Intel Corp. is making an ambitious play for the automotive… Read More »Intel unveils AI-enabled SoCs for cars and agrees to buy Silicon Mobility, a French fabless silicon and software company that develops EV energy management SoCs (Mike Wheatley/SiliconANGLE)

Jane Lanhee Lee / Bloomberg: TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B  —  – Chipmaker’s holiday period stopped bleeding of prior… Read More »TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B (Jane Lanhee Lee/Bloomberg)

Qianer Liu / Financial Times: Sources: Chinese companies are repurposing Nvidia’s gaming chips for AI to counter US’ sanctions; RTX 4090 is one of the most popular models to be repurposed  —  US export controls force developers to strip components… Read More »Sources: Chinese companies are repurposing Nvidia’s gaming chips for AI to counter US’ sanctions; RTX 4090 is one of the most popular models to be repurposed (Qianer Liu/Financial Times)

Manish Singh / TechCrunch: Bank of America values Jio Platforms at $107B, up 64.6% from $65B in 2020 when the Indian telecoms and digital conglomerate raised $20B+ from Meta and others  —  Bank of America has pinned a $107 billion… Read More »Bank of America values Jio Platforms at $107B, up 64.6% from $65B in 2020 when the Indian telecoms and digital conglomerate raised $20B+ from Meta and others (Manish Singh/TechCrunch)

Stephen Pastis / Tampa Bay Business Journal: Tampa-based Rewst, which provides robotic process automation services to managed service providers, raised a $31M Series B led by Meritech Capital  —  Rewst, a Tampa-based automation platform for managed service providers, has raised… Read More »Tampa-based Rewst, which provides robotic process automation services to managed service providers, raised a $31M Series B led by Meritech Capital (Stephen Pastis/Tampa Bay Business Journal)

The Economic Times: Bengaluru-based Impact Analytics, which offers retail, grocery, CPG, and supply chain planning and merchandising software, raised $40M led by Sageview Capital  —  With the latest fundraise, Sageview Capital partner Jeff Klemens and senior advisor Prashanth Palakurthi have… Read More »Bengaluru-based Impact Analytics, which offers retail, grocery, CPG, and supply chain planning and merchandising software, raised $40M led by Sageview Capital (The Economic Times)

Manish Singh / TechCrunch: SentinelOne acquires Bengaluru-based cloud security provider PingSafe, sources say for a $100M+ valuation; PingSafe had raised ~$3.3M from Peak XV and others  —  SentinelOne’s deal to acquire PingSafe values the Peak XV-backed young startup at over… Read More »SentinelOne acquires Bengaluru-based cloud security provider PingSafe, sources say for a $100M+ valuation; PingSafe had raised ~$3.3M from Peak XV and others (Manish Singh/TechCrunch)

CNBC: X confirms the @SECGov account was compromised and says “the compromise was not due to any breach of X’s systems” and that the account didn’t have 2FA enabled  —  Social media X said late Tuesday it has completed a… Read More »X confirms the @SECGov account was compromised and says “the compromise was not due to any breach of X’s systems” and that the account didn’t have 2FA enabled (CNBC)

Manish Singh / TechCrunch: Binance, Kraken, Mexc, KuCoin, and four other crypto exchanges have been pulled from the App Store in India after being flagged for operating “illegally”  —  Apps of as many as eight crypto exchanges including Binance, Kraken,… Read More »Binance, Kraken, Mexc, KuCoin, and four other crypto exchanges have been pulled from the App Store in India after being flagged for operating “illegally” (Manish Singh/TechCrunch)