Samsung signals that memory demand is expected to rise in 2024.
confirmed 1 article 2024-01-31
Samsung 2024 memory demand: rising
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand
CNBC · 2024-01-31 · #12
Samsung reports Q4 operating profit of about $2.1B, a roughly 34.6% year-over-year decline, below estimates of about $2.6B and in line with prior guidance.
confirmed 1 article 2024-01-31
Samsung Q4 operating profit: ~$2.1B YoY change: ~-35% (reported 34.57% drop) estimate: ~$2.6B
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand
CNBC · 2024-01-31 · #12
Samsung reports Q4 revenue of approximately $51B, down 3.8% year-over-year and below estimates of around $52.1B.
confirmed 1 article 2024-01-31
Samsung Q4 revenue: ~$51B YoY change: -3.8% estimate: ~$52.1B
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand
CNBC · 2024-01-31 · #12
ZachXBT reported outflows of 213M XRP, worth $112.5M.
rumored 1 article 2024-01-31
ZachXBT 213M XRP $112.5M
A cited claim states that major record labels' share of content on streaming platforms fell from about 90% to roughly 10% over a decade.
confirmed 1 article 2024-01-31
major record labels streaming platforms
A profile of UMG CEO Lucian Grainge, who helped record labels rake in billions of dollars from streaming and now hopes to do the same with generative AI
New Yorker · 2024-01-31 · #6
Grainge aims to leverage generative AI to create similar revenue opportunities for record labels as streaming did.
confirmed 1 article 2024-01-31
Lucian Grainge generative AI record labels
A profile of UMG CEO Lucian Grainge, who helped record labels rake in billions of dollars from streaming and now hopes to do the same with generative AI
New Yorker · 2024-01-31 · #6
Grainge helped record labels generate billions of dollars in revenue from music streaming.
confirmed 1 article 2024-01-31
Lucian Grainge record labels streaming
A profile of UMG CEO Lucian Grainge, who helped record labels rake in billions of dollars from streaming and now hopes to do the same with generative AI
New Yorker · 2024-01-31 · #6
TikTok plans to spend over $2 billion in 2024 on global trust and safety efforts, according to CEO Shou Chew's prepared Senate testimony.
confirmed 1 article 2024-01-31
TikTok $2B+ on trust and safety (2024, global)
In a prepared Senate testimony, TikTok CEO Shou Chew says the company plans to spend $2B+ in 2024 on trust and safety globally and that the app has 170M US MAUs
Bloomberg · 2024-01-31 · #4
23andMe is struggling to achieve profitability.
confirmed 1 article 2024-01-31
23andMe
23andMe's stock, which hit a $6B valuation after a 2021 IPO, has crashed 98% and 23andMe may run out of cash by 2025, as CEO Anne Wojcicki plots a turnaround
Wall Street Journal · 2024-01-31 · #20
23andMe may run out of cash by 2025.
rumored 1 article 2024-01-31
23andMe
23andMe's stock, which hit a $6B valuation after a 2021 IPO, has crashed 98% and 23andMe may run out of cash by 2025, as CEO Anne Wojcicki plots a turnaround
Wall Street Journal · 2024-01-31 · #20
AMD shares fall more than 5% following the quarterly results and below-consensus guidance.
confirmed 1 article 2024-01-31
AMD shares down 5%+
AMD reports Q4 revenue down 10% YoY to $6.2B, net income up 3,076% to $667M, Data Center revenue up 38% to $2.3B, Q1 revenue forecast below est.; AMD drops 5%+
Reuters · 2024-01-31 · #46
Reed Hastings donates about $1.1 billion worth of Netflix shares (approximately 40% of his stake) to the Silicon Valley Community Foundation.
confirmed 1 article 2024-01-30
Reed Hastings Silicon Valley Community Foundation Netflix shares
Reed Hastings donates $1.1B worth of his Netflix shares, or ~40% of his stake, to the Silicon Valley Community Foundation, a popular charity among tech founders
Wall Street Journal · 2024-01-30 · #33
J.E.T completed a Tokyo IPO in September 2023.
confirmed 1 article 2024-01-30
J.E.T Tokyo
A look at chip equipment maker J.E.T, which is up 166% since its September 2023 Tokyo IPO, as the company eyes subsidy-fueled demand to lower its China reliance
Bloomberg · 2024-01-30 · #32
Investors (U.S. VCs) are reportedly shying away from risky bets and focusing more on dividend-paying investments.
confirmed 1 article 2024-01-30
US VCs risky bets dividends
PitchBook: US VCs have $311B in unspent cash, as investors shy away from risky bets and focus on dividends, after raising a record $435B between 2020 and 2022
Financial Times · 2024-01-30 · #31
U.S. venture capital firms raised a record $435 billion between 2020 and 2022, per PitchBook/Financial Times.
confirmed 1 article 2024-01-30
US VCs $435B 2020-2022
PitchBook: US VCs have $311B in unspent cash, as investors shy away from risky bets and focus on dividends, after raising a record $435B between 2020 and 2022
Financial Times · 2024-01-30 · #31
U.S. venture capital firms hold $311 billion in unspent cash (dry powder), according to PitchBook/Financial Times.
confirmed 1 article 2024-01-30
US VCs $311B
PitchBook: US VCs have $311B in unspent cash, as investors shy away from risky bets and focus on dividends, after raising a record $435B between 2020 and 2022
Financial Times · 2024-01-30 · #31
Raspberry Pi CEO Eben Upton says the company has appointed two banks as part of early planning for a potential London IPO.
rumored 1 article 2024-01-30
Raspberry Pi Eben Upton two banks
Raspberry Pi CEO Eben Upton says the company is in the early stages of planning a London IPO, appointing two banks, after considering a listing in early 2022
Bloomberg · 2024-01-30 · #29
Raspberry Pi CEO Eben Upton says the company is in the early stages of planning a London IPO, after considering a listing in early 2022.
rumored 1 article 2024-01-30
Raspberry Pi Eben Upton London
Raspberry Pi CEO Eben Upton says the company is in the early stages of planning a London IPO, appointing two banks, after considering a listing in early 2022
Bloomberg · 2024-01-30 · #29
Delivery Hero plans to sell 68.2 million Deliveroo shares (about a 4.5% stake, ~\u00a383M) and does not expect to hold any Deliveroo stock afterwards.
confirmed 1 article 2024-01-30
Delivery Hero Deliveroo
Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards
Financial Times · 2024-01-30 · #28
Kore.ai raised $150M in a funding round led by FTV Capital, Nvidia, and other investors, bringing total funding to approximately $223M.
confirmed 1 article 2024-01-30
Kore.ai FTV Capital Nvidia
Kore.ai, which offers enterprise-focused conversational AI and GenAI tools, raised $150M led by FTV Capital, Nvidia, and others, taking its funding to ~$223M
TechCrunch · 2024-01-30 · #27
Rebellions is valued at approximately $658M post-money following the Series B.
confirmed 1 article 2024-01-30
Rebellions
South Korea-based Rebellions, which develops AI chips, raised a ~$124M Series B led by KT at a ~$658M post-money valuation, taking its total raised to ~$210M
TechCrunch · 2024-01-30 · #36
J.E.T's stock is up 166% since its September 2023 Tokyo IPO.
confirmed 1 article 2024-01-30
J.E.T
A look at chip equipment maker J.E.T, which is up 166% since its September 2023 Tokyo IPO, as the company eyes subsidy-fueled demand to lower its China reliance
Bloomberg · 2024-01-30 · #32
Reports suggest TikTok could monetize the shoppable feature by selling 'preferred vendor' access and collecting referral commissions from product links.
rumored 1 article 2024-01-30
TikTok preferred vendor access referrer commission
TikTok is testing a feature that could make all posts shoppable, by identifying objects in videos and prompting users to “find similar items on TikTok Shop”
Bloomberg · 2024-01-30 · #41
General Motors plans to cut spending on its robotaxi unit Cruise by about half in 2024, roughly $1 billion.
confirmed 1 article 2024-01-30
General Motors Cruise
Codeium reportedly raised a $65M Series B led by Kleiner Perkins at a $500M valuation, a source says.
rumored 1 article 2024-01-30
Codeium Kleiner Perkins
HyperFund collapsed in 2022.
confirmed 1 article 2024-01-30
HyperFund
US DOJ and SEC file charges in an alleged $1.9B crypto fraud known as HyperFund, which collapsed in 2022, saying “the level of alleged fraud here is staggering”
CNBC · 2024-01-30 · #9
Portal's total funding increased to $42.5M following the $34M seed round.
confirmed 1 article 2024-01-30
Portal $42.5M
Portal, a startup building a BTC-based cross-chain decentralized exchange and wallet, raised a $34M seed from Coinbase and others, taking its funding to $42.5M
The Block · 2024-01-30 · #8
Portal raised a $34M seed round from Coinbase Ventures, OKX Ventures and other investors.
confirmed 1 article 2024-01-30
Portal Coinbase Ventures OKX Ventures other investors $34M
Portal, a startup building a BTC-based cross-chain decentralized exchange and wallet, raised a $34M seed from Coinbase and others, taking its funding to $42.5M
The Block · 2024-01-30 · #8
Analyst Kuo estimated Vision Pro sales of 160,000 to 180,000 units on January 22.
rumored 1 article 2024-01-30
Kuo Vision Pro
MacRumors reports Apple has sold upwards of 200,000 Vision Pro headsets based on a source with knowledge of Apple's sales numbers.
rumored 1 article 2024-01-30
Apple Vision Pro