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VOICE ARCHIVE

@librariancapital

@librariancapital
10 posts
2026-02-17
FT: “Funding for Indian tech start-ups has fallen sharply from its peak amid Byju's troubles”  —  www.ft.com/content/cd20...  [image]
2026-02-17 View on X
Financial Times

A look at the fall of Indian edtech startup Byju's, leading to US court sanctions, as lenders accuse founder Byju Raveendran of siphoning $533M of a $1.2B loan

2026-02-16
FT: “Funding for Indian tech start-ups has fallen sharply from its peak amid Byju's troubles”  —  www.ft.com/content/cd20...  [image]
2026-02-16 View on X
Financial Times

A look at the fall of Indian edtech startup Byju's, leading to US court sanctions, as lenders accuse founder Byju Raveendran of siphoning $533M of a $1.2B loan

2026-02-07
Not a bubble  —  “AI.com bought by Crypto.com founder for $70m in biggest-ever website name deal” (FT)  —  They “plans to debut AI.com in a Super Bowl ad this weekend”  —  “The $70mn sum was paid to an undisclosed seller entirely in crypto”
2026-02-07 View on X
Financial Times

Crypto.com co-founder Kris Marszalek buys the domain AI.com for $70M, the highest disclosed price for a domain name, as he plans a site offering an AI agent

Kris Marszalek plans to launch new site with a Super Bowl ad this weekend  —  The founder of cryptocurrency trading site Crypto.com …

2025-11-22
Ubisoft restates FY25 accounts, in violation of loan agreement, suspends trading  —  “Auditors found $UBI miscategorized sales from a partnership as revenue”; also stops some revenue in FY26Q2 deal from being recognised  —  Will repay $330m loan  —  UBI down 91% L5Y
2025-11-22 View on X
Bloomberg

Ubisoft delayed reporting its Q2 results after auditors found it improperly booked sales from a partnership as revenue, forcing it to restate its accounts

Ubisoft's first half financials for fiscal year 2026 are now available, following a delay of about a week. Craig Chapple / PocketGamer.biz : Tencent's €1.16bn Ubisoft investment on...

2025-11-21
Ubisoft restates FY25 accounts, in violation of loan agreement, suspends trading  —  “Auditors found $UBI miscategorized sales from a partnership as revenue”; also stops some revenue in FY26Q2 deal from being recognised  —  Will repay $330m loan  —  UBI down 91% L5Y
2025-11-21 View on X
Reuters

After a delay, Ubisoft reports Q2 net bookings up 39% YoY to €490.8M, above €450M est., and expects Q3 bookings of €305M; Ubisoft resumed trading on November 21

- Delay due to accounting change and debt covenant breach  — Breach addressed with early loan repayment using proceeds from Tencent investment

Ubisoft restates FY25 accounts, in violation of loan agreement, suspends trading  —  “Auditors found $UBI miscategorized sales from a partnership as revenue”; also stops some revenue in FY26Q2 deal from being recognised  —  Will repay $330m loan  —  UBI down 91% L5Y
2025-11-21 View on X
Bloomberg

Ubisoft delayed reporting its Q2 results after auditors found it improperly booked sales from a partnership as revenue, forcing it to restate its accounts

Ubisoft Entertainment SA said it will use money from a Tencent Holdings Ltd. investment to pay off debt after the video-game publisher breached …

2025-10-27
“AI models increasingly being used to create ultra-realistic fake receipts”  —  “Significant jump in no. of AI-generated receipts after OpenAI launched GPT-4o's improved image generation model”  —  Another reason B2B is growth market for Visa $V, Mastercard $MA
2025-10-27 View on X
Financial Times

Employees are increasingly using AI to create ultra-realistic fake expense receipts; AppZen and others attribute the rise to advances in image generation models

Business software groups warn that top AI models are increasingly being used to create ultra-realistic fake receipts

2025-08-29
“Zuckerberg's AI hires disrupt $META with swift exits & threats to leave” (FT)  —  Hypothesis: Zuck's talent is throwing money at a problem, because other people will hesitate and he has more money than almost anyone  —  He is not that good in the what and how of this
2025-08-29 View on X
Financial Times

Sources: ChatGPT co-creator Shengjia Zhao threatened to quit Meta within days of joining and return to OpenAI; later, he was given the chief AI scientist title

Longtime acolytes are sidelined as Big Tech chief directs biggest leadership reorganisation in two decades

2025-08-27
“Microsoft talks set to push OpenAI's restructure into next year” (FT)  —  Areas of dispute: $MSFT exclusive rights to host OpenAI models, access to future tech, AGI clause  —  OpenAI can't draw on Softbank $10bn commitment w/o agreement, may struggle to raise other capital
2025-08-27 View on X
Financial Times

Sources: OpenAI's restructuring may slip into 2026 as it negotiates with Microsoft; failure to reach a deal in 2025 would let SoftBank withhold its $10B funding

Software giant wants to retain access to start-up's technology while removing artificial general intelligence' clause

2025-03-30
“Brands spend nominal sums on X ads to keep Elon Musk happy” (FT)  —  “It's whatever amount is enough to stay off the naughty list”, said one media executive  —  “Fears have risen within the advertising industry after X filed a federal antitrust lawsuit”  —  Banana republic stuff [image]
2025-03-30 View on X
Financial Times

Marketing executives say big brands are allocating small amounts of their ad budget to X, seeking to avoid being perceived as boycotting Elon Musk's platform

Marketers want to avoid being seen as boycotting billionaire's social media platform  —  Big brands are allocating small amounts …