Sources: Sony has cut PS5 production for this fiscal year by 4M units to ~11M, following production issues with its custom-designed SOC for the new console — - Low yields of company´s custom-designed silicon a bottleneck — Sony facing aggressive pricing from Microsoft´s Xbox team
Russell Brandom / The Verge:
In an open letter to CFIUS, Senator Josh Hawley says US should reject Oracle-ByteDance collaboration citing national security grounds, calls for a full sale — The deal is ‘completely unacceptable,’ Hawley says — Sen. Josh Hawley is publicly calling on the Treasury Department …
Chris Jaffe / YouTube Blog:
YouTube says it is launching an early beta of YouTube Shorts, a 15-second video feature, in India — - By Chris Jaffe VP of Product Management Sep.14.2020 … YouTube has always been a place to be entertained — from your favorite dance trends, like Evolution of Dance, Roller Skate Dances …
Ron Miller / TechCrunch:
Xometry, an online marketplace for companies to find manufacturers with excess capacity, raises $75M Series E, bringing its total raised to $193M — When companies need to find manufacturers to build custom parts, it´s not always an easy process, especially during a pandemic.
Leah Rosenbaum / Forbes:
AI-based drug discovery company Recursion raises $239M Series D and partners with pharma giant Bayer to develop new treatments for fibrotic diseases — Startups that want to leverage artificial intelligence in drug discovery are a dime a dozen in today´s biotech landscape.
Julia Herbst / Fast Company:
GitLab, which has an all remote workforce of 1,300+ employees from 67 countries, is advising companies like Twitter on its “radically transparent” working model — As 2020´s experiment with working from home turns into something more permanent, GitLab—the world´s largest all-remote company …
Joseph F. Kovar / CRN:
IT service company Virtusa to be acquired by Baring Private Equity Asia in an all-cash deal worth about $2B — The large global IT services provider will join several other global IT solution providers that are partially or wholly owned by Baring Private Equity Asia.
Maria Bustillos / The Nation:
How book publishers are trying to turn the age-old library system into a “reading as a service” operation through their lawsuit against the Internet Archive — In a lawsuit against the Internet Archive, the largest corporations in publishing want to change what it means to own a book.
Kaye Wiggins / Financial Times:
PE firm EQT to buy Madrid-based property classifieds site Idealista for €1.3B from Apax Partners; Idealista was valued at €235M during its acquisition in 2015 — Swedish buyout group to buy company for five times the price rival Apax paid five years ago
Sarah Manavis / New Statesman:
Goodreads has held on to its dominant spot online despite being nearly unusable, but its reign is now being challenged by competitors, including The StoryGraph — On a typical day, a long-time user of Goodreads, the world´s largest community for reviewing and recommending books, will feel like they´re losing their mind.