A filing shows Saudi Arabia's Public Investment Fund invested $590M in debt funding for Magic Leap.
confirmed 1 article 2024-01-17
Saudi Arabia's Public Investment Fund Magic Leap
Magic Leap's CEO and CTO talk about the future of the company, as a filing shows Saudi Arabia's Public Investment Fund has invested $590M in debt funding
VentureBeat · 2024-01-17 · #35
Sources say the planned review could delay Shein's forthcoming US IPO.
rumored 1 article 2024-01-17
Shein US IPO
Sources: the Cyberspace Administration of China plans to review Shein's data handling and sharing practices, which could delay the company's forthcoming US IPO
Wall Street Journal · 2024-01-17 · #32
Kaspi.kz's Super App reported 13.5 million monthly active users (MAUs) in 2023.
confirmed 1 article 2024-01-17
Kaspi.kz Super App 13.5 million MAUs 2023
Filing: Kazakhstan-based mobile app provider Kaspi.kz's CEO and other shareholders plan to sell 9M shares for $873M; Kaspi.kz's Super App had 13.5M MAUs in 2023
Bloomberg · 2024-01-17 · #29
A filing indicates Kaspi.kz's CEO and other shareholders plan to sell 9 million Kaspi.kz shares for $873 million.
confirmed 1 article 2024-01-17
Kaspi.kz CEO Kaspi.kz shareholders 9,000,000 Kaspi.kz shares $873,000,000 proceeds
Filing: Kazakhstan-based mobile app provider Kaspi.kz's CEO and other shareholders plan to sell 9M shares for $873M; Kaspi.kz's Super App had 13.5M MAUs in 2023
Bloomberg · 2024-01-17 · #29
The UPI platform processed approximately $209 billion in transactions in November 2023.
confirmed 1 article 2024-01-17
Unified Payments Interface (UPI) NPCI ~$209B November 2023
Google partners with NPCI, which runs India's Unified Payments Interface, to expand beyond India; the UPI platform had ~$209B in transactions in November 2023
Bloomberg · 2024-01-17 · #28
Scotland-based game studio Build a Rocket Boy raised $110M in a Series D funding round ahead of the launch of its first titles and immersive open-world platform.
confirmed 1 article 2024-01-17
Build a Rocket Boy $110M Series D
Scotland-based game studio Build a Rocket Boy raised a $110M Series D ahead of the much-anticipated launch of its first titles and immersive open world platform
TechCrunch · 2024-01-17 · #27
Nvidia entered the semiconductor industry's top five revenue rankings for the first time in 2023.
confirmed 1 article 2024-01-17
Nvidia top five first time 2023
Samsung Electronics recorded semiconductor revenue of $39.9 billion in 2023, a 37.5% year-on-year decline.
confirmed 1 article 2024-01-17
Samsung Electronics $39.9B 2023 down 37.5% YoY
Intel regained the top position in semiconductor revenue in 2023 with $48.7 billion in sales.
confirmed 1 article 2024-01-17
Intel $48.7B 1st place 2023
Global semiconductor market revenue fell 11% year-on-year to $533 billion in 2023.
confirmed 1 article 2024-01-17
Global semiconductor market $533B 2023 down 11% YoY
Investors shifted assets away from Grayscale toward BlackRock and Fidelity's new crypto products during the initial US bitcoin ETF trading days.
confirmed 1 article 2024-01-17
Investors Grayscale BlackRock Fidelity
CoinShares: US bitcoin ETFs had $871M of net inflows in the first three days of trading, including $723M inflows at BlackRock and $1.18B outflows at Grayscale
Financial Times · 2024-01-17 · #11
CoinShares reports Grayscale had $579M of outflows as investors moved to new crypto products from BlackRock and Fidelity.
confirmed 1 article 2024-01-17
Grayscale BlackRock Fidelity
CoinShares: US bitcoin ETFs had $871M of net inflows in the first three days of trading, including $723M inflows at BlackRock and $1.18B outflows at Grayscale
Financial Times · 2024-01-17 · #11
Grayscale experienced $1.18B of net outflows in the first three days of US bitcoin ETF trading, per CoinShares.
confirmed 1 article 2024-01-17
Grayscale US bitcoin ETFs
CoinShares: US bitcoin ETFs had $871M of net inflows in the first three days of trading, including $723M inflows at BlackRock and $1.18B outflows at Grayscale
Financial Times · 2024-01-17 · #11
BlackRock's bitcoin ETF saw approximately $723M of net inflows in the initial three days of US ETF trading.
confirmed 1 article 2024-01-17
BlackRock US bitcoin ETFs
CoinShares: US bitcoin ETFs had $871M of net inflows in the first three days of trading, including $723M inflows at BlackRock and $1.18B outflows at Grayscale
Financial Times · 2024-01-17 · #11
US bitcoin ETFs received $871M of net inflows during the first three days of trading, according to CoinShares.
confirmed 1 article 2024-01-17
US bitcoin ETFs
CoinShares: US bitcoin ETFs had $871M of net inflows in the first three days of trading, including $723M inflows at BlackRock and $1.18B outflows at Grayscale
Financial Times · 2024-01-17 · #11
Elon Musk says he would prefer to build AI products outside Tesla unless he attains roughly 25% voting control in the company; he currently owns just over 12%.
confirmed 1 article 2024-01-16
Elon Musk Tesla AI products 25% voting control
Elon Musk says he would rather build AI products outside of Tesla if he doesn't have ~25% voting control in the company; Musk currently owns 12%+ of Tesla
Bloomberg · 2024-01-16 · #8
Musk sold nearly $40 billion of Tesla shares in 2022 to help finance his purchase of Twitter.
confirmed 1 article 2024-01-16
Elon Musk Tesla Twitter
Elon Musk says he would rather build AI products outside of Tesla if he doesn't have ~25% voting control in the company; Musk currently owns 12%+ of Tesla
Bloomberg · 2024-01-16 · #8
About 46% of CEOs surveyed by PwC expect using generative AI will boost profitability within 12 months.
confirmed 1 article 2024-01-16
PwC CEOs generative AI profitability boost 12 months
A PwC survey of 4,702 CEOs: 25% expect generative AI to lead to 5%+ cuts in 2024, ~46% expect using generative AI to boost profitability in 12 months, and more
Financial Times · 2024-01-16 · #10
Coinbase provides custody, trading, and financing services to a majority of bitcoin ETF issuers, including BlackRock.
confirmed 1 article 2024-01-16
Coinbase majority of bitcoin ETF issuers BlackRock
Coinbase offering custody, trading, and financing to a majority of bitcoin ETF issuers, including BlackRock, poses concentration risk and may intensify scrutiny
Bloomberg · 2024-01-16 · #12
Quantinuum raises $300M in a funding round led by JPMorgan at a $5B valuation.
confirmed 1 article 2024-01-16
Quantinuum $300M JPMorgan $5B valuation
Tokyo-based Sakana AI reportedly raised a $30M seed round led by Lux Capital at a $200M valuation.
rumored 1 article 2024-01-16
Sakana AI Lux Capital $30M seed $200M valuation
Tel Aviv-based Xyte raises a $20M Series A round led by Intel Capital to support its subscription services for hardware OEMs.
confirmed 1 article 2024-01-16
Xyte Intel Capital
Xyte secures a $10M credit line in addition to its $20M Series A financing.
confirmed 1 article 2024-01-16
Xyte
Afrobeats grew 550% on Spotify between 2017 and 2022.
confirmed 1 article 2024-01-16
Afrobeats Spotify
How Spotify's on-the-ground work in Nigeria, like hiring local staff, contributed to the success of Afrobeats, which grew 550% on Spotify between 2017 and 2022
Rest of World · 2024-01-16 · #21
Spotify is reported to be tightening payouts to artists/platform partners.
confirmed 1 article 2024-01-16
Spotify
Despite nine years of music industry growth thanks to streaming, companies like Spotify and UMG are tightening payouts or laying off employees
Bloomberg · 2024-01-16 · #22
The music industry has experienced nine years of growth driven by streaming.
confirmed 1 article 2024-01-16
music industry streaming
Despite nine years of music industry growth thanks to streaming, companies like Spotify and UMG are tightening payouts or laying off employees
Bloomberg · 2024-01-16 · #22
English-language music is losing market share worldwide, amid rises in Spanish and several Indian languages.
confirmed 1 article 2024-01-16
English-language music Spanish-language music Indian-language music
Despite nine years of music industry growth thanks to streaming, companies like Spotify and UMG are tightening payouts or laying off employees
Bloomberg · 2024-01-16 · #22
Copilot Pro is offered at $20 per month per user.
confirmed 1 article 2024-01-16
Copilot Pro $20/month/user
Microsoft debuts Copilot Pro for $20/month/user, offering the latest models, like GPT-4 Turbo, and features, like Office integration and creating Copilot GPTs
Search Engine Land · 2024-01-16 · #29
Beatdapp estimates that music streaming fraud costs musicians $2 billion per year.
confirmed 1 article 2024-01-16
Beatdapp musicians
A look at music streaming fraud, including bot farms and pirates relabeling musicians' work to steal revenue; Beatdapp estimates fraud costs musicians $2B/year
New York Times · 2024-01-16 · #26
Global smartphone shipments declined 3.2% year-over-year to 1.17 billion units in 2023.
confirmed 1 article 2024-01-16
global smartphone market 1.17B units 3.2% YoY
Global smartphone shipments declined 3.2% YoY to 1.17B units in 2023; in a first, Apple gained the top spot with 234.6M units, followed by Samsung with 226.6M
IDC · 2024-01-16 · #1