Month: January 2023

Sources: online fast fashion retailer Shein is looking to raise up to $3B from Abu Dhabi’s Mubadala, Sequoia, and others at a $64B valuation, vs. its $100B peak (Financial Times)

Financial Times: Sources: online fast fashion retailer Shein is looking to raise up to $3B from Abu Dhabi’s Mubadala, Sequoia, and others at a $64B valuation, vs. its $100B peak  —  Chinese fast-fashion retailer looking to raise up to $3bn at a vastly reduced valuation in response to tech downturn

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Gartner says 2022 global IT spending dropped 0.2% to $4.38T, below an estimated 0.8% rise, and expects 2.4% growth in 2023, weighed down by economic uncertainty (Angus Loten/Wall Street Journal)

Angus Loten / Wall Street Journal: Gartner says 2022 global IT spending dropped 0.2% to $4.38T, below an estimated 0.8% rise, and expects 2.4% growth in 2023, weighed down by economic uncertainty  —  Citing economic uncertainties, Gartner lowers its enterprise tech forecast for 2023  —  Companies worldwide made deep cuts …

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The US Treasury’s FinCEN unit labels crypto exchange Bitzlato as a “money laundering concern” related to Russian illicit finance; French police seize Bitzlato (Reuters)

Reuters: The US Treasury’s FinCEN unit labels crypto exchange Bitzlato as a “money laundering concern” related to Russian illicit finance; French police seize Bitzlato  —  The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday said it has identified virtual …

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The US Treasury’s FinCEN unit identifies crypto exchange Bitzlato as a “money laundering concern” related to Russia; Bitzlato has been seized by French police (Reuters)

Reuters: The US Treasury’s FinCEN unit identifies crypto exchange Bitzlato as a “money laundering concern” related to Russia; Bitzlato has been seized by French police  —  The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday said it has identified virtual …

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Apple enables a temperature and humidity sensor on the HomePod mini and reintroduced HomePod, helping users create automations to do household tasks (Hartley Charlton/MacRumors)

Hartley Charlton / MacRumors: Apple enables a temperature and humidity sensor on the HomePod mini and reintroduced HomePod, helping users create automations to do household tasks  —  The reintroduced HomePod offers a temperature and humidity sensor, but Apple is also enabling the feature on the HomePod mini.

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Top 10 Challenges to Becoming Cloud Native

The operational paradigm of the cloud is fully utilized by cloud-native apps, which generate business value through auto-provisioning, scalability, and redundancy. Developers design apps that can grow easily in response to market demand by disassembling monolithic applications into separate but interconnected containers. Fundamentally, cloud-native computing enables you to build and deploy code anywhere you want, including

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Chord, which offers e-commerce tools to track metrics, raised a $15M Series A extension, taking the round to $33M, co-led by Bright Pixel and Eclipse (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: Chord, which offers e-commerce tools to track metrics, raised a $15M Series A extension, taking the round to $33M, co-led by Bright Pixel and Eclipse  —  Commerce has gone through quite a change over the past three years.  First was the quick shift to online during the pandemic …

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