Author: Tech Support

Chinese chip manufacturer Tsinghua Unigroup, which is saddled with ~$30.8B in liabilities, is seeking a huge bailout from investors amid bankruptcy proceedings (Che Pan/South China Morning Post)

Che Pan / South China Morning Post: Chinese chip manufacturer Tsinghua Unigroup, which is saddled with ~$30.8B in liabilities, is seeking a huge bailout from investors amid bankruptcy proceedings  —  Unigroup requires a strategic investor with minimum total assets worth US$7.7 billion or US$3.1 billion in minimum net assets … Chinese chip manufacturer Tsinghua Unigroup,

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A look at FTX, Binance, BitMEX, and their once North America-based founders, who run exchanges for highly-leveraged crypto derivatives trading outside the US (New York Times)

New York Times: A look at FTX, Binance, BitMEX, and their once North America-based founders, who run exchanges for highly-leveraged crypto derivatives trading outside the US  —  A new generation of industry leaders has set up offshore trading exchanges largely beyond the reach of American regulators. A look at FTX, Binance, BitMEX, and their once

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Mobile game publisher Jam City is no longer going public via a SPAC merger, announced in May, that would have valued the company at $1.2B (Bloomberg)

Bloomberg: Mobile game publisher Jam City is no longer going public via a SPAC merger, announced in May, that would have valued the company at $1.2B  —  Mobile entertainment company Jam City Inc. has called off its plan to go public through a combination with a blank-check firm that would have valued the combined company

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Paystone, which provides service-based businesses with payments and customer engagement tech, raises $23.8M, bringing its total funds raised in 2021 to $78.8M (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: Paystone, which provides service-based businesses with payments and customer engagement tech, raises $23.8M, bringing its total funds raised in 2021 to $78.8M  —  Paystone, a payments and integrated software company, secured another strategic investment this year, this time $23.8 million … Paystone, which provides service-based businesses with payments and customer engagement

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AuthenticID, which offers AI-based identity proofing and verification to help businesses fight fraud, raises $100M from Long Ridge Equity Partners (Omar Faridi/Crowdfund Insider)

Omar Faridi / Crowdfund Insider: AuthenticID, which offers AI-based identity proofing and verification to help businesses fight fraud, raises $100M from Long Ridge Equity Partners  —  – Twitter- Facebook- LinkedIn- Pinterest- Reddit- HackerNews- Telegram- Weibo- Email- Print- Subscribe  —  AuthenticID recently announced … AuthenticID, which offers AI-based identity proofing and verification to help businesses fight

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Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash (Bloomberg)

Bloomberg: Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash  —  – Veoneer shares slumped following spinoff by Autoliv in 2018  — Offer represents a 57% premium to closing price Thursday Canadian auto parts supplier Magna has agreed to buy Veoneer, which

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Lev, which wants to automate commercial real estate financing, raises $30M Series A at a $130M valuation, after raising a $10M seed round four months ago (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: Lev, which wants to automate commercial real estate financing, raises $30M Series A at a $130M valuation, after raising a $10M seed round four months ago  —  Commercial real estate has been slow to embrace technology; though it has an addressable financing market of more than $40 billion … Lev, which

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A look at the presence of crypto in hip-hop culture, beginning as early as 2013, including meme songs, rapper Nas's Coinbase investment, and illicit ICOs (Ashwin Rodrigues/VICE)

Ashwin Rodrigues / VICE: A look at the presence of crypto in hip-hop culture, beginning as early as 2013, including meme songs, rapper Nas’s Coinbase investment, and illicit ICOs  —  Nas made a fortune with his Coinbase investment.  Soulja Boy claims to be the first to make a song about Bitcoin.  Big Sean is sending

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Monowheel Balancing Robot Can’t Turn (Yet)

Self-balancing robots have become a common hobby project, and they usually require two wheels to work. [James Bruton] has managed to single wheel balancing robot by adding gyroscopic stabilization. [James] has done other self-balancing robots, like his Sonic robot, but recently started experimenting with gyroscopic stabilization. In that project, he proposed the idea of combining

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