Alex Wilhelm
It turns out that the massive $642 million round that U.S.-based GPU compute provider CoreWeave just closed was a secondary transaction. I can’t summon a better news event to summarize the current state of investor interest, venture included, in AI-related startups.
The Exchange explores startups, markets and money.
Read it...
Spotify’s decision to lay off 17% of its staff is the leading technology story of the morning, and I wouldn’t fault you if you were a little confused why it is doing so. After all, the music streaming company just reported positive operating income and nine figures’ worth of...
And why not every SPAC is a dog
Rover is going private in a $2.3 billion, all-cash sale to Blackstone, the company announced earlier this week. The pet care–focused company raised hundreds of millions of dollars while private, through a Series G, and later went public via a SPAC. Notably,...
Earlier this week, public cybersecurity companies’ quarterly results left us scratching our heads as to why there isn’t more venture capital investment piling into security startups. In an environment where revenue is tough to drive, stand-out tech sectors should surely be sailing with the wind if there is lots...
What to buy yourself, your family and your friends!
Hello dear TechCrunch readers, we hope that you are healthy, whole and ready to waddle into the holiday season with a cup of something warm and time to read.
As many folks like to give gifts to one another during the last...
What will come first: the heat death of the universe or Reddit’s IPO?
It appears the self-professed “front page of the internet” is once again gearing up for a public offering, Bloomberg reports. Back in 2017, the company aimed to go public by 2020, then wound up filing privately to...
Earnings season is nearly always upon us, mainly because many software companies offset their internal calendar by a month so they can avoid closing their financial years in December, granting them all of January to wrap their fourth quarter.
The Exchange explores startups, markets and money.
Read it every morning...
The shift from a zero interest rate environment, ZIRP in the common tongue, is providing a notable boost to a number of fintech companies. Fintech entities that once made the vast majority of their revenues from trading-related fees are seeing interest-driven incomes skyrocket this year. As a result, many...
One of the more interesting projects in tech today is the work being done to create conservative-leaning alternatives to major pieces of internet technology. Much of this effort has centered around social networking, with projects like Parler and Gab and Gettr becoming well-known to folks who pay attention to...
AI technologies will help make startups leaner and more cost effective, according to a recent report from Battery Ventures. In turn, Battery anticipates that lower-burn startups will be worth more provided that their growth rates remain attractive.
The Exchange explores startups, markets and money.
Read it every morning on TechCrunch+...
