The aggressive pursuit of founders' personal assets and use of debtor blacklisting by VCs is throwing China's start-up funding ecosystem into crisis.
confirmed 1 article 2025-01-06
Chinese venture capitalists China's start-up funding ecosystem
Chinese VCs are targeting failed founders' personal assets and blacklisting them as debtors when they don't pay, throwing China's funding ecosystem into crisis
Financial Times · 2025-01-06 · #17
Singapore-based Digital Edge raises more than $1.6 billion in capital, including about $640M in equity and $1B in debt.
confirmed 1 article 2025-01-06
Digital Edge $1.6B+ total ~$640M equity $1B debt
Singapore-based Digital Edge, which operates 21 data centers in Japan, South Korea, India, and others, raised $1.6B+, including ~$640M in equity and $1B in debt
Reuters · 2025-01-06 · #26
Outfront reports that fintech advertising spend has increased by over 45% year-over-year on average over the past three years.
confirmed 1 article 2025-01-06
Outfront fintech ad spend 45%+ YoY average over past three years
Advertising company Outfront, whose clients include Mercury, Brex, Klarna, and Venmo, says fintech ad spend is up 45%+ YoY on average over the past three years
Bloomberg · 2025-01-06 · #27
Sam Altman says OpenAI, which isn't profitable, is losing money on its $200-per-month ChatGPT Pro plan because users are using it much more than expected.
confirmed 1 article 2025-01-06
Sam Altman OpenAI ChatGPT Pro plan
Sam Altman says that OpenAI, which isn't profitable, is losing money on its $200-per-month ChatGPT Pro plan because “people use it much more than we expected”
TechCrunch · 2025-01-06 · #3
Tubi logged more than 10 billion streaming hours in 2024, according to Fox Corp.
confirmed 1 article 2025-01-06
Tubi 10 billion
Fox Corp says Tubi surpassed 97M MAUs and 10B streaming hours in 2024, but doesn't say how it calculate MAUs; 77% of Tubi viewers say they do not have cable
Deadline · 2025-01-06 · #12
Industry insiders hope the success of Black Myth: Wukong will rekindle Chinese gaming investments after a regulatory crackdown.
confirmed 1 article 2025-01-05
Industry insiders Chinese gaming industry
Microsoft expects to allocate more than 50% of its FY2025 AI datacenter spending to the United States.
confirmed 1 article 2025-01-05
Microsoft >50% of spending United States
Microsoft says it is on track to invest approximately $80 billion in fiscal 2025 to build out AI-enabled datacenters for training AI models and deploying AI and cloud applications.
confirmed 1 article 2025-01-05
Microsoft $80 billion AI-enabled datacenters AI training infrastructure AI and cloud applications
Black Myth: Wukong earned about $1.1B from nearly 25 million copies sold.
confirmed 1 article 2025-01-05
Black Myth: Wukong
Sources say Reliance writes off its $200M investment in Bengaluru-based hyperlocal delivery startup Dunzo.
rumored 1 article 2025-01-05
Reliance Dunzo
Sources: Reliance writes off its $200M investment in Bengaluru-based hyperlocal delivery startup Dunzo, as CEO Kabeer Biswas looks to sell Dunzo for $25M-$30M
Inc42 · 2025-01-05 · #12
The GMCI Meme index's 320% returns in 2024 outpaced the top 30 cryptocurrencies, which returned 88%.
confirmed 1 article 2025-01-05
GMCI Meme index Top 30 cryptocurrencies
The GMCI Meme index's 320% returns in 2024 outpaced AI, which returned 91%.
confirmed 1 article 2025-01-05
GMCI Meme index AI
CrowdStrike has recovered more than the $30 billion in market value it lost after the July 2024 IT outage.
confirmed 1 article 2025-01-05
CrowdStrike $30B
CrowdStrike, whose botched software update caused a global IT outage in July 2024, has more than recovered the $30B in market value it shed after the crisis
Financial Times · 2025-01-05 · #7
Foxconn reports December 2024 sales of about NT$655 billion (~$19.8B), up 42% year-over-year, driven by strong AI server sales.
confirmed 1 article 2025-01-05
Foxconn December 2024 NT$655 billion $19.8B 42% YoY driver: strong AI server sales
Foxconn reports Q4 revenue of ~$64.6B, up 15% YoY and exceeding analyst expectations for a 13% rise, with December 2024 bringing in ~$19.8B, up 42% YoY
Bloomberg · 2025-01-05 · #6
Foxconn reports Q4 2024 revenue of approximately $64.6B, a 15% year-over-year increase, beating analyst expectations of a 13% rise.
confirmed 1 article 2025-01-05
Foxconn $64.6B Q4 2024 15% YoY analyst expectation: 13% rise
Foxconn reports Q4 revenue of ~$64.6B, up 15% YoY and exceeding analyst expectations for a 13% rise, with December 2024 bringing in ~$19.8B, up 42% YoY
Bloomberg · 2025-01-05 · #6
Religious leaders' experimentation with AI is spurring the growth of faith-based tech companies.
confirmed 1 article 2025-01-05
religious leaders faith-based tech companies
Religious leaders are experimenting with AI, spurring an industry of faith-based tech companies that offer AI tools to do theological research and write sermons
New York Times · 2025-01-05 · #21
PitchBook reports AI startups developing medical note-taking apps raised $800M in 2024, up from $390M in 2023.
confirmed 1 article 2025-01-05
AI startups developing medical note-taking apps $800M (2024) $390M (2023)
PitchBook: AI startups developing medical note-taking apps raised $800M in 2024, compared to $390M in 2023, as Microsoft and others compete for market share
Financial Times · 2025-01-05 · #5
The GMCI Meme index delivered 320% returns in 2024.
confirmed 1 article 2025-01-05
GMCI Meme index
YouTube has paid $70 billion to partners over the past three years.
confirmed 1 article 2025-01-05
YouTube partners
An interview with YouTube CEO Neal Mohan on rolling out AI tools without upsetting creators, and more; YouTube has paid $70B to partners in the past three years
Financial Times · 2025-01-05 · #22
Bench is a VC-backed accounting startup.
confirmed 1 article 2025-01-05
Bench
The GMCI Meme index represents broader market trends rather than the performance of specific tokens.
confirmed 1 article 2025-01-04
GMCI Meme index broader market trends
The GMCI Meme index, which tracks leading memecoins by market cap, delivered 320% returns in 2024, outpacing AI at 91% and the top 30 cryptocurrencies at 88%
The Block · 2025-01-04 · #11
Bench experienced a fall followed by a last-minute revival.
confirmed 1 article 2025-01-04
Bench
Inside the fall and last-minute revival of accounting startup Bench, which struggled with implementing automation tools and faced tumult in its executive suite
TechCrunch · 2025-01-04 · #8
The GMCI Meme index delivered a 320% return in 2024.
confirmed 1 article 2025-01-04
GMCI Meme index 320% (2024)
The GMCI Meme index, which tracks leading memecoins by market cap, delivered 320% returns in 2024, outpacing AI at 91% and the top 30 cryptocurrencies at 88%
The Block · 2025-01-04 · #11
The GMCI Meme index's 320% return in 2024 outpaced AI's 91% return.
confirmed 1 article 2025-01-04
GMCI Meme index AI (91% in 2024)
The GMCI Meme index, which tracks leading memecoins by market cap, delivered 320% returns in 2024, outpacing AI at 91% and the top 30 cryptocurrencies at 88%
The Block · 2025-01-04 · #11
The GMCI Meme index's 320% return in 2024 outpaced the top 30 cryptocurrencies' 88% return.
confirmed 1 article 2025-01-04
GMCI Meme index Top 30 cryptocurrencies (88% in 2024)
The GMCI Meme index, which tracks leading memecoins by market cap, delivered 320% returns in 2024, outpacing AI at 91% and the top 30 cryptocurrencies at 88%
The Block · 2025-01-04 · #11
Sources report Tim Cook will personally donate $1M to President-elect Trump's inaugural committee in the spirit of unity.
rumored 1 article 2025-01-04
Tim Cook President-elect Trump's inaugural committee
Sources: Tim Cook will personally donate $1M to President-elect Trump's inaugural committee in the spirit of unity; Apple is not expected to donate
Axios · 2025-01-04 · #1
Microsoft expects to spend $80 billion in fiscal 2025 building data centers capable of handling AI workloads, with over 50% of the spending planned in the United States.
confirmed 1 article 2025-01-04
Microsoft $80 billion data centers for AI workloads FY 2025 United States (50%+ of spending)
Microsoft says it expects to spend $80B in FY 2025 on the construction of data centers that can handle AI workloads, with 50%+ of the spending in the US
CNBC · 2025-01-04 · #4
Black Myth: Wukong earned approximately $1.1 billion in revenue from around 25 million copies sold.
confirmed 1 article 2025-01-04
Black Myth: Wukong ~$1.1B revenue ~25M copies sold
Industry insiders hope the success of Black Myth: Wukong, which earned ~$1.1B from ~25M copies sold, will rekindle Chinese gaming investments after crackdowns
Financial Times · 2025-01-04 · #7
PitchBook reports generative AI companies worldwide raised $56B from venture capitalists in 2024 across 885 deals.
confirmed 1 article 2025-01-04
generative AI companies worldwide $56B VCs 885 deals 2024
PitchBook: generative AI companies worldwide raised $56B from VCs in 2024 across 885 deals, up 92% from 2023, with startups outside the US raising just $6.2B
TechCrunch · 2025-01-04 · #20
Funding for generative AI companies increased 92% in 2024 compared to 2023.
confirmed 1 article 2025-01-04
generative AI companies worldwide 92% vs 2023
PitchBook: generative AI companies worldwide raised $56B from VCs in 2024 across 885 deals, up 92% from 2023, with startups outside the US raising just $6.2B
TechCrunch · 2025-01-04 · #20