Alibaba shakes up its leadership, OpenAI lobbies EU regulators, and the late-stage market is a mess
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.
- 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 is now Argor Capital, and it has a new $240 million fund.
- And funding rounds from Yellow and ElevenLabs as Byju’s cuts more staff.
We are back bright and early tomorrow! Talk soon!
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Alibaba shakes up its leadership, OpenAI lobbies EU regulators, and the late-stage market is a mess by Alex Wilhelm originally published on TechCrunch
