Carta says 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds from the 2021-2022 boom run out
Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms
Docs: Canadian PE firm PartnerOne paid $28.2M for HeadSpin, whose 2023 revenue was $21M and its Q1 2024 was $5M; HeadSpin was valued at $1.1B in 2020
Marina Temkin / TechCrunch :
Japanese trade data: 50%+ of chipmaking equipment exports went to China for three straight quarters through Q1 2024, driven by demand for less advanced gear
Hirofumi Kanaoka / Nikkei Asia :
Spotify reports Q4 revenue up 16% YoY to €3.7B, MAUs up 23% YoY to 602M, subscribers up 15% YoY to 236M, a €75M operating loss, and expects 618M MAUs in Q1 2024
- Spotify posts second-largest gain ever for the quarter — Company has been cutting costs in drive to become profitable
HP debuts the $1,600+ Omen Transcend 14 with a 14" OLED, Intel Core Ultra 7 or Ultra 9, two USB-A, two USB-C, and an RTX 4070, weighing 1.6kg, coming in Q1 2024
here's what surprised me Rikka Altland / 9to5Toys : HP's stealthy new Omen Transcend 14 gaming laptop hides Intel Core Ultra chips and NVIDIA 4000 GPUs Vaidyanathan Subramaniam / Notebookcheck : CES 2...
Sources: Nvidia told Chinese customers it's delaying the launch of H20, the most powerful of three AI chips it designed to comply with US rules, until Q1 2024
Nvidia (NVDA.O) has told customers in China it is delaying the launch of a new artificial intelligence chip it designed to comply …
Sources: Nvidia told its Chinese customers it's delaying the launch of H20, its most powerful of three AI chips designed to comply with US' ban, until Q1 2024
Nvidia (NVDA.O) has told customers in China it is delaying the launch of a new artificial intelligence chip it designed to comply …
Sources: Google told some cloud customers not to expect Gemini access until Q1 2024, after previously saying they would get access to the LLM by November 2023
Google's company-defining effort to catch up to ChatGPT creator OpenAI is turning out to be harder than expected.
Qualcomm reports Q4 adjusted revenue down 24% YoY to $8.67B, vs. $8.51B est., handset chip sales down 27% YoY to $5.46B, and a strong Q1 2024 forecast
Kif Leswing / CNBC :
Sources: Spotify plans major changes to its royalty model in Q1 2024, including a threshold of minimum annual streams before a track starts generating royalties
This is huge news - and it's been a long time coming. MBW has confirmed that Spotify is planning to make significant changes …