Another fun history in AI company competitive dynamics:
– US AI power triggers UK competitor – UK competitor triggers US competitor
– said US competitor triggers UK, German, and probably more national competitors Guess the names
INVESTMENT
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US AI Power Triggers Cascade of International Competitor Responses
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Equity-for-Compute Financing Model Needs Fundamental Rethinking
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I’m gonna call it – selling equity dollar-for-dollar in exchange for compute is such a blunt instrument that’s got to go. It’s sets insane “valuations”, which are bad for founders (crazy expectations and pref stack) and bad for investors (poor returns). Moreover, it’s a pretty
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Government Investment in AI Infrastructure Critical Says Benaich
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.@nathanbenaich speaking about the need for govt to grab the reigns and invest in infrastructure & procurement – citing examples from internet roll out in previous decades “ the govt has has a big role to play”. #LondonTechWeek #FutureOfBritain @InstituteGC
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GoCardless Cuts 15% Staff, Targets Profitability Focus
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GoCardless is laying off 15% of staff.
Last week I spoke with CEO @hirokitakeuchi about what's next for the business – he said profitability is the key focus. -
Mega-Cap Tech Giants: Investment Analysis and Market Trends
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The TL Podcast for June 12th, 2023: Bonfire of the Mega-Caps https://
thetechnologyletter.com/the-posts/the-
tl-podcast-for-june-12th-2023-bonfire-of-the-mega-caps
… Or catch it on Apple Podcasts: http://
bit.ly/40HBLJg $AAPL $GOOGL $META $NVDA $TSM $AMZN $TSLA $AMAT $CLFD $ORCL $NFLX $COIN $CIEN $MBLY #investing #stocks #TL20 -
Micron August Outlook Dims Amid China and Server Market Risks
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Micron: prospects for August aren’t looking good, says Deutsche Bank China risk, lousy server market risk https://
thetechnologyletter.com/the-posts/micr
on-prospects-for-august-arent-looking-good-says-deutsche-bank
… $MU #investing #stocks #semiconductors #DRAM -
Oracle Builds 16000 GPU Machine Amid Infrastructure Surge
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Oracle sees a bit of The Nvidia Effect in infrastructure surge Ellison is working on the world’s biggest GPU machine, 16,000 GPUs, he says. https://
thetechnologyletter.com/the-posts/orac
le-sees-a-bit-of-the-nvidia-effect-in-infrastructure-surge
… $ORCL $NVDA $AMZN $MSFT #investing #stocks #cloudcomputing #AI -
Major Tech Firms Invest Billions in AI Talent Development
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Reminds me of my recent story about how companies such as Accenture are developing AI talent. (This spring, PwC & SAS also both announced plans to invest $1 billion over the next three years in their own AI efforts.)
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Accenture invests $3B in AI, plans to double workforce
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Accenture says it will invest $3 billion in AI efforts over the next three years, which includes a plan to double AI talent to 80,000 people “through hiring, acquisitions and training.”
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Synthesia Raises $90M in AI Video Generation Funding Round
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New and exclusive: Synthesia, a London-based AI video generation platform, has raised $90m from investors including Accel and Nvidia. The investment, which values the company at $1bn, is the latest example of how investors are flocking to AI.