Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, expects Q1 revenue just above est.; AVGO jumps 10%+ after hours
Broadcom CEO: ALL THREE of his major hyperscaler customers are going to building 1 million AI accelerator clusters across a single fabric by fiscal 2027 — lol X: @economyapp : $AVGO Broadcom Q4 FY24...
Cradle, which uses AI to help design proteins and says its SaaS model is popular, raised a $73M Series B led by IVP, after a $24M Series A in November 2023
Using AI to accelerate biotech is fast becoming standard practice, and companies offering services to deploy the tech quickly are seeing big uptake and new investment.
African tech investor TLcom Capital raised $154M for a new fund, attracting US and Europe investment; Africa-focused VCs have raised $655M since November 2023
Aanu Adeoye / Financial Times :
Deliveroo reports adjusted EBITDA of £85M in 2023, its first-ever profit and up from a loss of £45M in 2022, after launching Deliveroo Shopping in November 2023
Deliveroo has logged its first-ever profit as it continues pushing past its restaurant roots.
Omdia: South African streaming company Showmax had 2.1M subscribers in Africa at the end of November 2023, ahead of Netflix's 1.8M and Amazon Prime Video's 300K
Damilare Dosunmu / Rest of World :
Crypto startups like Blast are offering loyalty points to lure users, without detailing the rewards; Blast has attracted $1.3B in crypto since November 2023
Crypto startups like Blast are offering loyalty points to lure users, without detailing the rewards; Blast has attracted $1.3B in crypto since November 2023
- Blast has lured $1.3 billion worth of crypto since November — Most programs haven't said what their points can be used for
DefiLlama: since its November 2023 agreement with US agencies, Binance has had $4.6B net inflows, including $3.5B in January, far outpacing rivals like OKX
DefiLlama: since its November 2023 agreement with US agencies, Binance has had $4.6B net inflows, including $3.5B in January, far outpacing rivals like OKX
Sidhartha Shukla / Bloomberg :
SIA: global chip revenue rose 5.3% YoY to $48B in November 2023, the first YoY growth since August 2022; China sales rose 7.6% YoY and Americas rose 3.5% YoY
- Recovery among chip makers may be uneven as demand returns — Global chip sales rose for the first time in more than a year …