Zombies-and-parkour game Dying Light 2 had a huge launch last week, and one big number shows how big it was: 274,983.
Why it matters: That was the new game’s peak concurrent player count on the PC gaming service Steam over the weekend — and the kind of gargantuan audience figures that attest to a gaming market that isn’t slowing down.
Census, a startup that helps companies pull information out of data warehouses, has raised $60 million in new funding led by Tiger Global at a $630 million post-money valuation, Axios has learned.
Why it matters: Census helps solve a very real problem, as evidenced by investors paying that price for a company that's generating just over $2 million of annual recurring revenue.
The Department of Justice indicted Hytera, a China-based telecommunications company, on Monday for conspiring to steal trade secrets from Motorola.
Why it matters: The Justice Department accused Hytera, which produces radio transceivers and radio systems, of hiring former Motorola employees to steal information related to Motorola's digital mobile radio technology from 2007 to 2020.
Decades ago, raising traditional venture capital was virtually off limits to Black entrepreneurs — but some pioneering organizations like the Boston-based Urban National Corp., founded in 1971, proved it was good business.
Why it matters: With just 1.3% of venture capital invested in Black-led startups last year, many of today’s Black entrepreneurs are facing the same funding gap their predecessors did 50 years ago.
The pirates of Silicon Valley are back. This time they’re armed with digital tokens and blockchains — and the Bay Area address is optional.
Why it matters: The so-called “Web3” category of technologies is not only an opportunity to rebuild the internet, as its evangelists say. It's also an opportunity for the tech industry's VCs and entrepreneurs to reclaim their status as the underdogs after years of discomfort with being part of the new establishment.
Amazon will raise its maximum base pay for corporate and tech workers to $350,000 from $160,000, Geekwire reports.
Why it matters: The move is intended to bring Amazon in line with competitors like Google, Facebook, Apple and Microsoft, and to help ensure the company retains employees and recruits top talent.
Meta may have to shut down Instagram and Facebook in Europe if the European Union and the U.S. can't reach a new agreement on rules for data-sharing, the company disclosed in a Securities and Exchange filing last week.
Driving the news: Europe and the U.S. are working on a new data-sharing agreement to allow for the legal transfer of personal information across the Atlantic. It isn't done yet. The previous agreement, Privacy Shield, was struck down in 2020.
Most viewers will still get their Olympics fix from traditional broadcasting, but NBC is betting that a cadre of early adopters equipped with Meta's Quest 2 headset will flock to consume 150 hours of live and on-demand content from the Games in VR.
The big picture: With today's headsets becoming more capable and the tech industry pushing new metaverse schemes, VR is gaining new momentum as a platform for mass-media content.
Spotify CEO Daniel Ek told employees Sunday that while he strongly condemns past racial slurs used by Joe Rogan, he won't cut ties with the platform's most popular podcaster, according to an internal memo obtained by Axios.
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