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t.co
Stripe data: AI startups took a median 11 months to hit $1M in annualized revenue after their first sales, vs. 15 months for previous gen of SaaS companies
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t.co
)
2024-9-27
SaaS
Startup
AI
The UK's Gambling Commission plans to take fantasy football startup Sorare to court next week over charges of providing unlicensed gambling facilities to users
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t.co
)
2024-9-27
Startup
Sources: Intel and the US government plan to finalize $8.5B in direct funding for the chipmaker by year-end, as Intel tries to stabilize its ailing business
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t.co
)
2024-9-27
Intel
A look at Chinese PE firm CSC Group, which has stakes in 360 US tech startups via Hone Capital that is reportedly under an FBI probe over IP transfers to China
(
t.co
)
2024-9-26
China
Startup
FBI
Qihoo
Google files an EU antitrust complaint against Microsoft, alleging it engages in unfair cloud practices and is “exploiting” its customers' reliance on Windows
(
t.co
)
2024-9-25
Google
Microsoft
CEO Dara Khosrowshahi says Uber is building “three” super apps: Uber, Uber Eats, and Uber Driver, a platform for couriers and drivers; Uber One has 19M members
(
t.co
)
2024-9-25
Uber
Sources: the FBI is investigating whether China-backed Hone Capital, a US VC firm that invested in 360 US tech startups, allowed Beijing to obtain trade secrets
(
t.co
)
2024-9-25
China
Startup
FBI
Qihoo
Raspberry Pi reports H1 2024 revenue up 61% YoY to $144M, gross profit up 47% YoY to $34.2M, and unit volume up 31% YoY to 3.66M; RPI jumps 5%+ pre-market
(
t.co
)
2024-9-24
Raspberry Pi
A teardown of Huawei's popular Qingyun L540 laptop, which relies on some foreign tech, reveals the challenges ahead for China's tech self-sufficiency efforts
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t.co
)
2024-9-24
China
The US Commerce Department proposes banning Chinese software and hardware for internet connected vehicles, effectively banning Chinese vehicles in the US
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t.co
)
2024-9-23
China
Similarweb: daily X users in the UK fell from 8M in May 2023 to 5.6M now, with 33%+ of the fall coming after the summer riots; US DAUs fell by ~20% in that time
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t.co
)
2024-9-23
Legacy carmakers struggle to keep pace as the focus shifts from engines to computing power; only Ford, GM, and BMW are in Gartner's digital performance top 10
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t.co
)
2024-9-23
Ford
AI copilots are evolving into AI agents designed to take actions on behalf of users, as business software companies experiment with ways to sell generative AI
(
t.co
)
2024-9-23
AI
A profile of SoftBank's Masayoshi Son, who transformed the Japanese tech conglomerate into a global investment group and is criticized for high-risk investments
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t.co
)
2024-9-23
Japan
Docs: in Perplexity's new ad model, brands will be able to bid for a “sponsored” question, which features an AI-generated answer approved by the advertiser
(
t.co
)
2024-9-22
AI
Sources: Thrive Capital has already provided $1B+ to OpenAI as part of the $6.5B round; OpenAI's existing backers a16z and Sequoia Capital are not participating
(
t.co
)
2024-9-20
A look at the “Shein village” supply chain in Panyu, China, as Temu apes its tactics; sources say Beijing is unhappy with Shein's move to “de-Chinafy” itself
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t.co
)
2024-9-18
China
A planned UK data center project in Abbots Langley, seen as a test for the new Labour government's data center push, stokes tensions among the local community
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t.co
)
2024-9-18
Taiwanese chip industry suppliers have been expanding into the Japanese island of Kyushu, which has become a gateway for business growth after TSMC's arrival
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t.co
)
2024-9-18
Japan
Taiwan
BHP, the world's largest mining company by market cap, warns the rise of data centers and AI could exacerbate a looming shortage of copper by increasing demand
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t.co
)
2024-9-18
AI
BHP
Sources: the EU's decision to fine Meta, with up to 10% of its global annual revenue, for linking Marketplace and Facebook, could come as early as October 2024
(
t.co
)
2024-9-18
Facebook
Sources: BlackRock is aiming to launch a $30B+ AI investment fund with Microsoft, to build data centers and energy projects that meet the growing demands of AI
(
t.co
)
2024-9-18
Microsoft
Energy
AI
Microsoft calls for “clarity and consistency” over US export controls that have held up shipping AI chips to UAE-based G42, in which Microsoft invested $1.5B
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t.co
)
2024-9-17
Microsoft
AI
How Netflix staged a remarkable recovery since its 2022 stock crash, adding 45M+ subscribers via a password crackdown and gaining an edge over Hollywood rivals
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t.co
)
2024-9-17
Netflix
Revolut is preparing to launch its services in India in 2025, in an effort to expand outside Europe, which accounted for more than 90% of its sales in 2023
(
t.co
)
2024-9-17
Europe
India
An overview of California's AI safety bill SB 1047, which easily passed the state's legislature, as it awaits Governor Newsom's signature or veto before Sep. 30
(
t.co
)
2024-9-14
AI
California
Sources detail a bleak picture for startup founders in China; report: only 1,202 startups were founded in 2023 in the country compared to 51,302 in 2018
(
t.co
)
2024-9-14
China
Startup
Alibaba's stock rises 5%+ after being made directly accessible to mainland China investors for the first time, following an upgrade to Hong Kong primary listing
(
t.co
)
2024-9-10
China
Hong Kong
Alibaba
An interview with Iconiq Capital's Matthew Jacobson on the firm's focus on M&A and secondary markets, investing in startups creating AI “applications”, and more
(
t.co
)
2024-9-9
Interview
Startup
AI
London's e-bike boom is frustrating local councils over parking issues, as Lime and Forest expand; Lime trips during peak hours have grown 91% YoY in 2024
(
t.co
)
2024-9-9
London
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