Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
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Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. This time ’round we are here on a Tuesday due to an American holiday! Here’s the rundown:
- Stocks are mixed the world around as central banks tinker with interest rates to try and tune their domestic economies. The crypto world remains muted.
- toptechtrends.com/2023/06/19/alibaba-ceo-daniel-zhang-to-step-down-and-focus-on-cloud/”>Alibaba’s shakeup: The CEO of the Chinese tech conglomerate is leaving that role to run its cloud business, which is one of the pieces of the company that will be spun out.
- Intel managed to extract a handsome package from Germany in exchange for building a plant in the country.
- OpenAI is working to limit the impact of EU AI regulation on its products and services.
- No one wants to buy Tiger’s startup stakes en masse, so it is reduced to selling loosies to anyone who wants them.
- Go-Ventures toptechtrends.com/2023/06/19/southeast-asia-focused-go-ventures-closes-240m-second-fund-rebrands-as-argor-capital/”>is now Argor Capital, and it has a new $240 million fund.
- And funding rounds toptechtrends.com/2023/06/19/paygo-solar-startup-yellow-raises-14-million-to-scale-in-africa/”>from Yellow toptechtrends.com/2023/06/20/voice-generating-platform-elevenlabs-raises-19m-launches-detection-tool/”>and ElevenLabs as toptechtrends.com/2023/06/19/byjus-layoff/”>Byju’s cuts more staff.
We are back bright and early tomorrow! Talk soon!
For episode transcripts and more, head to Equity’s Simplecast website.
Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!
toptechtrends.com/2023/06/20/alibaba-shakes-up-its-leadership-openai-lobbies-eu-regulators-and-the-late-stage-market-is-a-mess/”>Alibaba shakes up its leadership, OpenAI lobbies EU regulators, and the late-stage market is a mess by toptechtrends.com/author/alex-wilhelm/”>Alex Wilhelm originally published on toptechtrends.com/”>TechCrunch
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