News

Rachel Metz / Bloomberg: Lambda, which offers cloud computing services and computers to train AI, raised $320M led by Thomas Tull’s US Innovative Technology at a $1.5B valuation  —  The startup raised $320 million in a new funding round.  — … Read More »Lambda, which offers cloud computing services and computers to train AI, raised $320M led by Thomas Tull’s US Innovative Technology at a $1.5B valuation (Rachel Metz/Bloomberg)

Michael Nienaber / Bloomberg: Microsoft President Brad Smith says the company plans to invest €3.2B in Germany in the next two years with a focus on AI, its biggest German investment ever  —  – President Brad Smith says investments planned… Read More »Microsoft President Brad Smith says the company plans to invest €3.2B in Germany in the next two years with a focus on AI, its biggest German investment ever (Michael Nienaber/Bloomberg)

Arsheeya Bajwa / Reuters: Google plans to let businesses install auto-updating ChromeOS Flex to Windows devices, to help stop millions of Windows 10 PCs from hitting landfills in 2025  —  Google will allow businesses to install an auto-updating version of… Read More »Google plans to let businesses install auto-updating ChromeOS Flex to Windows devices, to help stop millions of Windows 10 PCs from hitting landfills in 2025 (Arsheeya Bajwa/Reuters)

Bloomberg: TSMC rises ~8% in its first post-Lunar New Year trading session, reaching a record $575B market cap and passing Visa as the world’s 12th most valuable company  —  – Global AI activity should benefit Taiwan’s largest company  — TSMC… Read More »TSMC rises ~8% in its first post-Lunar New Year trading session, reaching a record $575B market cap and passing Visa as the world’s 12th most valuable company (Bloomberg)

Australian Financial Review: Canva CFO Damien Singh resigned last week, as the company prepares for a $1.5B share sale; Canva confirms an investigation of Singh for inappropriate behavior  —  A series of online posts that sparked an investigation into alleged… Read More »Canva CFO Damien Singh resigned last week, as the company prepares for a $1.5B share sale; Canva confirms an investigation of Singh for inappropriate behavior (Australian Financial Review)

Dietrich Knauth / Reuters: A US judge approves Genesis’ plan to sell ~$1.6B in Grayscale crypto trust shares to repay creditors, including 35M GBTC shares, worth ~$1.38B  —  Bankrupt crypto lender Genesis Global on Wednesday received permission from a U.S.… Read More »A US judge approves Genesis’ plan to sell ~$1.6B in Grayscale crypto trust shares to repay creditors, including 35M GBTC shares, worth ~$1.38B (Dietrich Knauth/Reuters)

Daniele Lepido / Bloomberg: Sources: Italian app developer Bending Spoons raised $155M from Baillie Gifford and more at a $2.6B valuation, after raising $100M in 2023, and seeks M&A deals  —  – Italian app developer has raised $155 million in… Read More »Sources: Italian app developer Bending Spoons raised $155M from Baillie Gifford and more at a $2.6B valuation, after raising $100M in 2023, and seeks M&A deals (Daniele Lepido/Bloomberg)

Hugh Langley / Business Insider: Leaked Google documents detail Goose, a Gemini-based LLM designed for internal use to help employees write code faster, as part of an AI-driven efficiency push  —  – Google has an internal large language model named… Read More »Leaked Google documents detail Goose, a Gemini-based LLM designed for internal use to help employees write code faster, as part of an AI-driven efficiency push (Hugh Langley/Business Insider)

David Pierce / The Verge: A look at robots.txt, a good will-based social contract governing the behavior of web crawlers, as experts call for more rigid tools for managing AI crawlers  —  For decades, robots.txt governed the behavior of web… Read More »A look at robots.txt, a good will-based social contract governing the behavior of web crawlers, as experts call for more rigid tools for managing AI crawlers (David Pierce/The Verge)

Damilare Dosunmu / Rest of World: 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  —  Showmax sits at the top of the… Read More »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)