Tech News

London-based Causaly, which uses AI for biomedical research and drug discovery, raised a $60M Series B led by ICONIQ Growth, taking its total funding to $93M (Ingrid Lunden/TechCrunch)

Critics say FTC Chair Lina Khan’s take-it-to-the-courts strategy is flawed, ahead of a House Judiciary Committee hearing to “examine mismanagement of the FTC” (Cecilia Kang/New York Times)

A California law firm launches a class-action suit against Google, alleging user data scraping sans consent for AI training, after a similar suit against OpenAI (Catherine Thorbecke/CNN)

Twitter’s best defense against Threads may be to refocus on news and reactions from people you follow, leaving growth via algorithmic feeds to Threads (Ben Thompson/Stratechery)

Collective, a financial management service for freelancers offering bookkeeping, payroll, and tax tools, raised $50M, bringing its total funding to $82M (Kyle Wiggers/TechCrunch)

Salesforce plans its first price hike in seven years by ~9% for some products like Tableau and Sales Cloud, effective August 2023 for new and existing customers (Brody Ford/Bloomberg)

Linux distribution company SUSE says it’s creating a hard fork of Red Hat Enterprise Linux and plans to invest $10M into the project over the coming years (Frederic Lardinois/TechCrunch)

Source: the US FTC is leaning toward appealing the judge’s Microsoft-Activision ruling; an appeal could be filed as soon as Wednesday (Bloomberg)

A US district judge dismissed a suit by r/WallStreetBets founder Jaime Rogozinski who accused Reddit of wrongly banning him as the community’s moderator in 2020 (Jonathan Stempel/Reuters)

Threads can avoid Google+’s failure by not simply relying on the scale of Meta’s existing products, but by giving users a compelling reason to keep coming back (Mike Isaac/New York Times)

Sources: ByteDance will allow restricted shares held by US employees to vest before the company’s IPO, in an effort to appease restless employees (Echo Wang/Reuters)

Interviews with executives and staff at Anthropic reveal how an obsession with AI safety and ties to effective altruism influence the startup’s decisions (Kevin Roose/New York Times)