Journals

Reuters: Broadcom expects $10B in revenue from AI-related chips in 2024, as CEO Hock Tan says AI revenue, up 4x YoY to $2.3B in Q1, offset cyclical business slowdown  —  Broadcom (AVGO.O) said on Thursday it expects $10 billion in… Read More »Broadcom expects $10B in revenue from AI-related chips in 2024, as CEO Hock Tan says AI revenue, up 4x YoY to $2.3B in Q1, offset cyclical business slowdown (Reuters)

Eleanor Olcott / Financial Times: Sensor Tower: Instagram’s total app downloads grew 20% YoY in 2023 to 768M, making it the most downloaded app worldwide; TikTok had 733M downloads, up 4% YoY  —  Meta-owned platform’s push into short-form video bears… Read More »Sensor Tower: Instagram’s total app downloads grew 20% YoY in 2023 to 768M, making it the most downloaded app worldwide; TikTok had 733M downloads, up 4% YoY (Eleanor Olcott/Financial Times)

Cassidy Ritter / Denver Business Journal: Denver-based Maybell Quantum, which is developing systems to make quantum tech more reliable, scalable, and accessible, raised a $25M Series A  —  The new 8,000-square-foot facility will allow the company to scale and offer… Read More »Denver-based Maybell Quantum, which is developing systems to make quantum tech more reliable, scalable, and accessible, raised a $25M Series A (Cassidy Ritter/Denver Business Journal)

The Economic Times: India approves a ~$1.25B investment in AI projects over five years, including for optimizing compute infrastructure, LLM development, and education in AI  —  The Union Cabinet has approved a Rs 10,371.92 crore ‘India AI mission’ for five… Read More »India approves a ~$1.25B investment in AI projects over five years, including for optimizing compute infrastructure, LLM development, and education in AI (The Economic Times)

Bloomberg: Sources say SMIC used equipment from California-based Applied Materials and Lam Research to manufacture an advanced 7nm chip for Huawei in 2023  —  – SMIC used Applied Materials and Lam equipment to make 7nm chip  — US wants to… Read More »Sources say SMIC used equipment from California-based Applied Materials and Lam Research to manufacture an advanced 7nm chip for Huawei in 2023 (Bloomberg)

FinSMEs: Colorado Springs-based Defense Unicorns, which provides open-source software and AI applications for US national security systems, raised a $35M Series A  —  Defense Unicorns, a Colorado Springs, CO-based software startup providing open source software and AI capabilities for National… Read More »Colorado Springs-based Defense Unicorns, which provides open-source software and AI applications for US national security systems, raised a $35M Series A (FinSMEs)

Karissa Bell / Engadget: X announces Articles, a feature to write and share long-form content with a basic text-editing interface, for verified organizations and Premium+ subscribers  —  Long-winded VCs on X now have a new way to be exhausting on… Read More »X announces Articles, a feature to write and share long-form content with a basic text-editing interface, for verified organizations and Premium+ subscribers (Karissa Bell/Engadget)

Abner Li / 9to5Google: Google says Gemini Nano won’t come to the Pixel 8 due to “some hardware limitations”, but plans to bring the LLM to more “high-end devices in the near future”  —  During The Android Show today, Google… Read More »Google says Gemini Nano won’t come to the Pixel 8 due to “some hardware limitations”, but plans to bring the LLM to more “high-end devices in the near future” (Abner Li/9to5Google)

John Tozzi / Bloomberg: UnitedHealth says electronic prescribing is restored and expects its payments platform back online by March 15, after a hack prompted disruptions two weeks ago  —  Electronic prescribing is now restored.  The company’s payments platform will be… Read More »UnitedHealth says electronic prescribing is restored and expects its payments platform back online by March 15, after a hack prompted disruptions two weeks ago (John Tozzi/Bloomberg)

Jason Del Rey / Fortune: Amazon Lending, launched in 2011, discontinues underwriting new loans for sellers in the US and the UK, but third-party financing options will still be offered  —  More than a decade after first offering loans to… Read More »Amazon Lending, launched in 2011, discontinues underwriting new loans for sellers in the US and the UK, but third-party financing options will still be offered (Jason Del Rey/Fortune)