After rejecting a $23bn takeover offer from Google, cyber firm Wiz says it's on track to hit $1 billion ARR next year. In an exclusive interview at Wiz's London office, co-founder Roy Reznik told me Wiz will IPO "when the time is right."
@ryan_browne_
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EU Cyber Law Implementation Faces Compliance Challenges Across Member States
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A tough new EU cyber law is off to a messy start, with many countries failing to adopt the rules
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Klarna Sells £30B BNPL Loans to Elliott Ahead of IPO
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Klarna has sold £30 billion worth of BNPL loans in the UK to Elliott to free up growth capital ahead of its anticipated IPO, per FT. The fintech also cancelled a plan to allow employees to sell secondary shares, the FT reports.
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AI Driving Cloud Funding Growth Across Markets
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Much of the growth of funding in cloud is being driven by excitement around AI. “AI is sucking the air out of the room” when it comes to cloud, @pbotteri
, partner at Accel, told me in an interview this week. “This is both visible on the public market and and the private market.” -
GenAI startups capture 40% of cloud VC funding
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GenAI startups are getting 40% of all VC that flows into cloud startups, according to @Accel
. In its latest Euroscape report, Accel said funding for cloud startups in US, Europe and Israel is set to rise 27% to this year. That's mostly thanks to.. genAI. -
European Chip Stocks Fall After ASML Sales Warning
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European chip stocks are dropping after ASML put out a big 2025 sales warning yesterday: – ASML down 5%
– ASMI down 2.3%
– BE Semionductor down 1.9%.
– STMicro down 1.2%
– Infineon down 1.1%
– Soitec down 0.9% -
UAE G42 CEO Assures US on Sensitive Tech Security Amid Chip Export Curbs
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The CEO of UAE AI chip firm G42 tells @themmagraham the Gulf country is a reliable partner to the US when it comes to keeping sensitive tech safe. It comes as the region faces potential US curbs on exports of Nvidia and AMD chips.
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CFO reveals major shift in China sales strategy below 50%
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Also, CFO says in a video – also released early – that China will account for 20% of its overall sales next. That's WELL below 49% currently.
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ASML Shares Plunge 15% on Revised 2025 Sales Forecast
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What a day… Dutch chip firm ASML released its Q3 earnings a day early – in a "technical error" – and they show it's forecasting 2025 net sales in the lower half of previous guidance… shares nosedived 15% today.
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Meta removes fraudulent posts but keeps account live on Instagram
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After receiving much evidence and hearing Carly's story, I asked @Meta if it plans to take down the account. Today, a spokesperson told me fraud is prohibited and that it's removed "violating posts" from the account in question. The account still remains live on Instagram.