Journals

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)

Financial Times: A look at OpenAI’s business model as the company believes it can more than double the yearly run rate by 2025; ChatGPT enterprise now has 300+ paying customers  —  The AI startup is one of the fastest-growing companies… Read More »A look at OpenAI’s business model as the company believes it can more than double the yearly run rate by 2025; ChatGPT enterprise now has 300+ paying customers (Financial Times)

Zoë Schiffer / Wired: Extremely Hardcore book excerpt: how Elon Musk’s decision to impose rate limits on Twitter in summer 2023 helped upsell Blue, as he prepared to launch xAI  —  Last summer, Elon Musk began rate-limiting the number of… Read More »Extremely Hardcore book excerpt: how Elon Musk’s decision to impose rate limits on Twitter in summer 2023 helped upsell Blue, as he prepared to launch xAI (Zoë Schiffer/Wired)

Owen Walker / Financial Times: The CEO of Greek payments company Viva Wallet, co-owned by JPMorgan, sues the bank for allegedly suppressing Viva’s growth, as JPMorgan files a counter claim  —  Wall Street bank accused of trying to drive down… Read More »The CEO of Greek payments company Viva Wallet, co-owned by JPMorgan, sues the bank for allegedly suppressing Viva’s growth, as JPMorgan files a counter claim (Owen Walker/Financial Times)