Valuation of public cloud companies in the US, Europe, and Israel fell from $2.8T to $1.2T in the past year; private market funding fell 42% YoY in Q3 2022 (Accel)

Bloomberg:
Internal FTX documentation shows a GitHub account bearing the name of engineering director Nishad Singh authored code to hide Alameda’s ballooning liabilities  —  A GitHub account bearing the name of former FTX executive Nishad Singh authored code that hid Alameda Research’s ballooning liabilities …

Taylor Soper / GeekWire:
Microsoft’s cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, driven by Azure and other cloud services, up 35% YoY  —  A declining PC market and macroeconomic headwinds are slowing Microsoft’s revenue growth numbers, but the Redmond tech giant still beat expectations …

Berber Jin / Wall Street Journal:
Accel, Lightspeed, Sequoia, a16z, and other firms are increasingly buying public tech stocks, capitalizing on low prices, as the private startup market stalls  —  Startup investors, known for making risky bets on unproven companies, are taking advantage of lower share prices following a market rout

Anton Shilov / Tom’s Hardware:
Report: discrete and integrated GPU shipments fell 25.1% YoY to 75.5M in Q3, desktop GPUs fell 15.43% YoY, and notebook 30% YoY, the biggest drop since 2009  —  Intel solidifies GPU positions amid graphics market slump.  —  Shipments of integrated and discrete graphics processing units dropped …

Ofir Dor / Globes Online:
Israel-based Vesttoo, an AI-powered risk transfer marketplace connecting insurers and investors, has raised an $80M Series C at a $1B post-money valuation  —  The company’s emergence as a unicorn is surprising when taking into account the slowdown in fund raising and that it had a valuation of just $22 million last year.

Catherine Shu / TechCrunch:
Singapore-based Pillow, which helps users in emerging markets save, spend, and invest in cryptocurrency, raised an $18M Series A led by Accel and Quona Capital  —  Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency.