Rosie Bradbury / PitchBook:
Analysis: Sequoia Capital marked up its 2020 flagship US VC fund, which closed at ~$808M in 2022, by 24.6% in the 12 months ended in June 2024, with no exits — Sequoia Capital, one of the world’s largest venture firms, marked up its 2020 flagship US venture fund by 24.6% in the 12 months ended in June …
A look at the disagreements in the US government over setting up a US Cyber Force, as the Pentagon formally asked Congress to reject the proposal in September (Barbara Booth/CNBC)
Barbara Booth / CNBC:
A look at the disagreements in the US government over setting up a US Cyber Force, as the Pentagon formally asked Congress to reject the proposal in September — A recent Chinese cyber-espionage attack inside the nation’s major telecom networks that may have reached as high as the communications …
Senate Intelligence Committee Chairman Mark Warner says China-linked Salt Typhoon group listened to phone calls and read texts by hacking US telecom networks (New York Times)
New York Times:
Senate Intelligence Committee Chairman Mark Warner says China-linked Salt Typhoon group listened to phone calls and read texts by hacking US telecom networks — The chairman of the Senate Intelligence Committee said hackers listened to phone calls and read texts by exploiting aging equipment …
Jensen Huang urged global cooperation and highlighted China’s contributions to AI, as he accepted an honorary doctorate degree in engineering in Hong Kong (Bloomberg)
Bloomberg:
Jensen Huang urged global cooperation and highlighted China’s contributions to AI, as he accepted an honorary doctorate degree in engineering in Hong Kong — – CEO Jensen Huang highlights China’s contributions to AI — Huang has voiced support for the incoming Trump administration
US Cybercom Executive Director Morgan Adamski says Chinese hackers are positioning themselves in critical infrastructure in the event of a clash with the US (Reuters)
Reuters:
US Cybercom Executive Director Morgan Adamski says Chinese hackers are positioning themselves in critical infrastructure in the event of a clash with the US — Chinese hackers are positioning themselves in U.S. critical infrastructure IT networks for a potential clash with the United States …
China’s richest man Zhong Shanshan accused PDD of harming his bottled-water empire through a price war and ByteDance of fanning online vitriol targeting him (Bloomberg)
Bloomberg:
China’s richest man Zhong Shanshan accused PDD of harming his bottled-water empire through a price war and ByteDance of fanning online vitriol targeting him — China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year …
A Texas jury awards Netlist $118M in damages from Samsung in a patent lawsuit, after finding Samsung made and sold infringing DRAM products to customers (Blake Brittain/Reuters)
Blake Brittain / Reuters:
A Texas jury awards Netlist $118M in damages from Samsung in a patent lawsuit, after finding Samsung made and sold infringing DRAM products to customers — A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist (NLST.PK)$118 million in damages from Samsung Electronics …
A US Chamber of Commerce email shows the Biden administration could add up to 200 Chinese chip companies to a trade restriction list as soon as next week (Alexandra Alper/Reuters)
Alexandra Alper / Reuters:
A US Chamber of Commerce email shows the Biden administration could add up to 200 Chinese chip companies to a trade restriction list as soon as next week — The Biden administration is set to unveil new export restrictions on China as soon as next week, the U.S. Chamber of Commerce told members in a Thursday email.
SCOTUS agrees to hear a challenge against the FCC’s $8B per year program to subsidize phone and internet services in schools, libraries, and rural areas (Associated Press)
Associated Press:
SCOTUS agrees to hear a challenge against the FCC’s $8B per year program to subsidize phone and internet services in schools, libraries, and rural areas — The Supreme Court on Friday stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone …
Q&A with Zepto CEO Aadit Palicha on raising a new $350M round, the narrative that quick commerce is hurting grocery stores, industry pay structure, and more (Moneycontrol)
Moneycontrol:
Q&A with Zepto CEO Aadit Palicha on raising a new $350M round, the narrative that quick commerce is hurting grocery stores, industry pay structure, and more — In a wide-ranging interview with Moneycontrol, Palicha asserted Zepto is an Indian company that is not controlled by Americans, unlike Amazon and Flipkart parent Walmart.
