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- Technology
Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving Saudi Arabia's sovereign wealth fund a majority stake in the company (Matthew Field/Telegraph)
Matthew Field / Telegraph: Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving…
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Flipkart no longer owns a stake in PhonePe, the two companies say; source: PhonePe is in talks to raise $1.5B at a pre-money valuation of $12B (Manish Singh/TechCrunch)
Manish Singh / TechCrunch: Flipkart no longer owns a stake in PhonePe, the two companies say; source: PhonePe is in…
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Okta tells customers its GitHub repositories were hacked this month and its source code was stolen, but says hackers did not access service or customer data (Ax Sharma/BleepingComputer)
Ax Sharma / BleepingComputer: Okta tells customers its GitHub repositories were hacked this month and its source code was stolen,…
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Source: Publicly-traded US bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy on Wednesday, as its valuation fell from $4.3B in July 2021 to $78M (MacKenzie Sigalos/CNBC)
MacKenzie Sigalos / CNBC: Source: Publicly-traded US bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy on Wednesday, as…
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Source: Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he is facing multiple criminal and civil charges, including conspiracy and fraud (Washington Post)
Washington Post: Source: Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he is facing multiple criminal and…
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Source: Sam Bankman-Fried plans to reverse his decision to contest extradition to the US; legal experts say any trial is likely more than a year away (Jasper Ward/Reuters)
Jasper Ward / Reuters: Source: Sam Bankman-Fried plans to reverse his decision to contest extradition to the US; legal experts…
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Sources: OpenAI told investors the company expects $200M revenue in 2023 and $1B by 2024; source: OpenAI was recently valued at $20B in a secondary share sale (Reuters)
Reuters: Sources: OpenAI told investors the company expects $200M revenue in 2023 and $1B by 2024; source: OpenAI was recently…
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Officials and studies: US spy agencies have been slow to adapt to open source intelligence, falling behind China, which has the largest and most focused effort (Warren P. Strobel/Wall Street Journal)
Warren P. Strobel / Wall Street Journal: Officials and studies: US spy agencies have been slow to adapt to open…
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Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering (New York Times)
New York Times: Source: US prosecutors charge Sam Bankman-Fried with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy,…
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Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to the Bahamas around FTX's bankruptcy filing (Bloomberg)
Bloomberg: Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to…
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