TechCheck
815 episodes - English - Latest episode: 17 days ago - ★★★★★ - 51 ratingsWhere Silicon Valley meets Wall Street, TechCheck dives deep into stocks, trades, trends and opportunities focused on new technologies while highlighting news from mega-cap heavyweights, social media darlings, streaming giants, growth software and red-hot disruptors. Everyday TechCheck delivers investors what they need to know with compelling in-depth reporting and analysis from investors, analysts and leaders in the industry.
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Episodes
Bill Gurley on Instacart, IPO Market 9/11/23
September 11, 2023 18:24 - 9 minutes - 8.68 MBInstacart's new valuation of up to $9.3 billion is a massive down round from the $39 billion of a few years ago. Bill Gurley, a VC and early Uber investor, says that’s a healthy reset: "I've lived through 3 different bubbles and bursts in this industry and unfortunately it's highly cyclical. It tends to go up slowly and crash immediately." He also talked startups in the IPO pipeline, whether there’s an AI bubble, and more.
TechCheck+ Zombie SPACs - Why Blank Check Mergers Won’t Die 9/11/23
September 11, 2023 17:10 - 9 minutes - 9.11 MBWe all lived through the SPAC boom of 2021 – when the blank check mergers accounted for 61% of all U.S. public listings that year… and the subsequent bust, with at least a dozen going bankrupt since then and more than a hundred now running low on cash. But even though many stopped paying attention to them, SPACs continued to live on. Now, two years later, there are signs of a resurgence, and some investors are seeing new opportunities. This week on Tech Check, zombie SPACs – back from the de...
Who’s Set to Lose the Most in the Disney-Charter Dispute, Plus AI’s Impact on Sports 9/8/23
September 08, 2023 18:07 - 7 minutes - 7.27 MBCalculating who is set to lose the most in the showdown between Disney and Charter is complex. Disney could lose contract fees for Charter’s 15 million subscribers, but the dispute is also driving a huge jump in Hulu + Live TV subs. Disney owns 67% of Hulu, but will also soon renegotiate ownership with Comcast. Plus, AI is increasingly playing a role in sports, most recently in this year’s U.S. Open. The USTA has been using IBM’s Watson AI to provide commentary, working to translate it into ...
Dan Niles Shorts Apple on Valuation, China Headwinds 9/7/23
September 07, 2023 18:43 - 9 minutes - 8.61 MBChina is an ever-present risk for Apple, but this week it's front and center on reports that China, which makes up 19% of Apple's revenue, is restricting the use of iPhones at government agencies, and the resurgence of Huawei - its new Mate 60 Pro smartphone is seen as the first significant threat to Apple's dominance in the market in years. Widely-followed hedge fund manager Dan Niles joins to discuss those headwinds and why Apple is now his largest single-stock short.
Disney’s Showdown with Charter Heats Up, Plus Apple’s Overseas Headwinds 9/6/23
September 06, 2023 17:50 - 8 minutes - 8.03 MBA new report today forecasts a 5% increase in U.S. ad revenue this year, but says the TV ad sector is experiencing an "existential crisis" amid an ongoing showdown between Charter and Disney that's caused sports programming blackouts for millions just as the NFL season kicks off. Plus, a top Apple analyst breaks down why shares are down today, citing two big decisions against the company - the EU naming Apple, among others, a gatekeeper under its Digital Markets Act, and Chinese officials to...
Burning Man’s Ties to Tech, Plus Disney Butts Heads with Charter 9/5/23
September 05, 2023 20:53 - 6 minutes - 5.56 MBThe tech moguls and investors at this year's Burning Man also had to endure torrential downpours that caused campsite flooding and foot-deep mud. But one venture capitalist said that after getting over the mini panic attack of being stuck, most people embraced it. Plus, Disney has been butting heads with cable giant Charter over contract fees that has left millions without access to U.S. Open, college football and potentially Monday Night Football programming. Will this time show that Disney...
The Zombie SPACs 8/31/23
August 31, 2023 18:15 - 8 minutes - 7.87 MBSPACs are back and volatile as ever. But the class of 2021 has settled somewhat, and that's where some investors are seeing opportunity. Proem Asset Management CIO Imran Khan, who also led Alibaba and Snap’s IPOs, says he's picked up shares in the banking app Dave, OpenDoor, and super app Grab because of what he calls arbitrage between private and public market valuations.
Salesforce Keeps On Spending, Plus Fad-themed ETFs Shutter 8/30/23
August 30, 2023 19:32 - 9 minutes - 9.14 MBAfter all that activist pressure, Marc Benioff’s M&A spending spree may seem like it’s ended – but in the past year, Salesforce has only been ramping up investments in AI startups. It’s funded at least seven, including leading a $200 million funding round for startup Hugging Face. Tonight’s numbers are set to show investors whether Benioff has more room to run, or will instead bring back more scrutiny. Plus, ETFs are closing at a record pace as niche funds targeting fads like crpyto, the met...
TechCheck+ Dethroning Nvidia 8/29/23
August 29, 2023 18:33 - 8 minutes - 7.53 MBNvidia’s stock rise this year has been nothing short of meteoric. The chipmaker is at the heart of the AI boom as the supplier of chips that are required to build and run the likes of ChatGPT and other generative AI technologies. On this week of TechCheck Weekly, Deirdre Bosa digs into how Nvidia dominates this technological sea change and who is trying to challenge the chipmaker’s rule.
Nvidia’s Hardware and Software Competition 8/24/23
August 24, 2023 18:52 - 6 minutes - 5.5 MBNvidia’s blowout earnings is flexing its dominance in AI. Revenue at its data center segment, which includes AI chips like the A100 and H100, jumped 141% just from the last quarter. But are the cracks in that already beginning to show? Competition is beginning to emerge – on a software level from startups working on tools to reduce the cost of training and running machine learning models, and on the hardware front – from chipmakers and cloud service providers starting to produce their own AI...
Nvidia’s High-Stakes Earnings 8/23/23
August 23, 2023 18:23 - 5 minutes - 4.77 MBCan Nvidia do it again? Its blowout last quarter fueled a 220% rally this year and sent the market into an AI craze. Amid sky-high expectations, it might be the most crucial print of the season. The chipmaker has been the biggest contributor to the Nasdaq 100’s rally this year, and the options market is now bracing for a 10% move.
Softbank’s Arm Reports Declining Revenue, Narrowing Profits 8/22/23
August 22, 2023 19:18 - 7 minutes - 6.82 MBSoftbank-owned Arm reported declining revenues and narrowing profits in its IPO filing last night, bringing into question whether Softbank founder and CEO Masayoshi Son will be able to pull off what’s expected to be the biggest U.S. debut this year. Son has said he wants Softbank to lead the AI revolution, with Arm as its biggest driver. But just how central is the chip designer to the revolution anyway? Its own filing said that its processors may not be suitable for AI purposes, and its big...
Previewing Arm’s F-1 8/21/23
August 21, 2023 18:34 - 7 minutes - 6.56 MBSoftbank’s chip designer Arm is expected to file its F-1 for IPO today, revealing key finances and operations. But whether investors will buy its $64 billion pre-IPO valuation hinges on the filing showing that chip designer is truly at the center of the AI boom, as Softbank founder Masa Son claims, and not actually more like AI-adjacent. The listing would be the biggest in the U.S. in almost two years, and could jump start the IPO market.
Instacart and Arm Reportedly Planning September IPOs 8/18/23
August 18, 2023 18:51 - 8 minutes - 7.49 MBInstacart is reportedly planning to go public in September, and though public markets haven't been kind to gig economy companies, Instacart may be different. It has already achieved GAAP net income on its ad business, and is building up a leadership team of advertising heavyweights. Plus, Softbank’s chip designer Arm could also file its prospectus next week, in what would be 2023’s largest IPO and another big boost for U.S. listings.
The Musk Distraction Machine, Plus Microsoft’s Bing Struggles in AI Search Race 8/17/23
August 17, 2023 18:33 - 12 minutes - 11.3 MBThe Information's Jessica Lessin calls it the Musk Distraction Machine - cage matches and incessant memes that are designed to distract us from focusing on what's really happening at his businesses of X, Tesla, and SpaceX - and she says, don't fall for it. Plus, Microsoft is struggling hard against Google in the search engine wars, with Bing just barely gaining market share since the beginning of the year. Deepwater’s Gene Munster thinks Google will be the clear winner in the AI race, especi...
Intel Hits Snag in Plans to Enter Faster-growing Foundry Business 8/16/23
August 16, 2023 19:04 - 6 minutes - 6.34 MBIntel is scrapping a $5.4 billion deal for the Israeli chipmaker Tower Semiconductor after failing to get regulatory approval from China, where it derives more than 25% of its revenues. The deal falling through represents a big roadblock for CEO Pat Gelsinger's plans to enter the faster-growing foundry business, which would allow it to manufacture semiconductors for other companies. But one analyst writes, that might not even matter, since no one owns the stock for the foundry business. It’s...
Fund Managers’ Tech Trades Revealed in Q2 13-Fs 8/15/23
August 15, 2023 18:06 - 5 minutes - 5.31 MBFund managers who leaned into the tech rally and AI hype cycle saw big payoffs, according to this quarter's 13-Fs. Tech-focused funds saw 15% gains year-to-date, about three times that of the average hedge fund. The group also added to top AI plays, including 16 million shares of Nvidia and 12 million shares of Microsoft. We also take a look at which fund managers went against the grain with some under-the-radar trades.
TechCheck+ Opendoor CEO 8/11/23
August 11, 2023 17:23 - 17 minutes - 16.2 MBShares of Opendoor plunging 30% since the company reported a steep revenue decline despite managing to turn a profit. Deirdre Bosa speaks with CEO Carrie Wheeler in her first broadcast interview since assuming the position about the quarter, the state of the iBuying business model in today’s market, and more.
TechCheck+TechCheck Conversations: The Opendoor CEO 8/11/23
August 11, 2023 17:23 - 17 minutes - 16.2 MBShares of Opendoor plunging 30% since the company reported a steep revenue decline despite managing to turn a profit. Deirdre Bosa speaks with CEO Carrie Wheeler in her first broadcast interview since assuming the position about the quarter, the state of the iBuying business model in today’s market, and more.
Disney’s Streaming Price Hikes, Plus X CEO Says Platform is Close To Breaking Even 8/10/23
August 10, 2023 19:25 - 9 minutes - 8.8 MBDisney posting mixed Q3 results, as CEO Bob Iger laid out a plan to make streaming a key growth driver, including a new focus on its ad-supported tier and announcing price hikes on ad-free versions of Disney+ and Hulu. Plus, newly-appointed CEO of “X” Linda Yaccarino claimed today that the company is soon to be cash flow positive, creating a safe brand, seeing advertisers return and – perhaps the point of giving an interview 8 weeks after becoming CEO – that she’s a stable, steady hand with ...
Duolingo CEO on Earnings, Plus ESPN’s Bombshell Deal 8/9/23
August 09, 2023 18:27 - 8 minutes - 7.4 MBDuolingo is one of the biggest earnings movers of the day after reporting a 62% year-over-year growth in daily active users. Its CEO Luis von Ahn joined to discuss what’s driving the price action, innovations in education technology, and the company’s expansion plans. Plus, Disney is set to report third quarter results after the bell. Investors are keeping an eye on its streaming division, growth in parks, and clues about a bombshell sports betting deal announced yesterday. In a big move for...
Paramount Earnings Raises the Bar For Disney, Plus the CHIPS Act Turns One 8/8/23
August 08, 2023 19:22 - 6 minutes - 6.24 MB: Shares of Paramount are lower today despite topping revenue expectations in its Q2 results. The beat raises the bar for Disney, which reports after the bell today amid a host of industry-wide challenges, including an ad contraction, pressure to cut streaming costs and a strike. And then there are the company-specific issues that Disney faces, including the performance of its franchise films, attendance issues at parks, and more. Plus, the $53 billion CHIPS Act aimed to jump-start the produ...
Doctors Use AI to Fight Burnout, Plus Eric Hippeau on AI Healthcare Use Cases 8/7/23
August 07, 2023 18:27 - 9 minutes - 8.66 MBArtificial intelligence is now disrupting one of the biggest headaches in healthcare – paperwork. Medical notes take doctors and nurses hours every day, and cut into time with patients. The National Bureau of Economic Research estimates that using AI for administrative tasks could save the U.S. health system $200 billion to $300 billion a year. Plus, Eric Hippeau, one of the leading venture capital investors in the healthcare industry, says there's a huge use case for AI, including opening a...
Amazon’s Blowout Quarter, Plus Opendoor Turns a Profit 8/4/23
August 04, 2023 18:45 - 8 minutes - 7.41 MBShares of Amazon are rocketing today, on pace for its best day since November after reporting a blowout second quarter and issuing upbeat guidance. It beat on the top line and notched its biggest bottom line beat since 2020, boosted by CEO Andy Jassy’s aggressive cost-cutting efforts. Shares of Opendoor though, headed the other direction – plummeting more than 20% on a steep revenue decline despite managing to turn a profit. We asked CEO Carrie Wheeler in her first broadcast interview since ...
Amazon Earnings Preview: Focus on Cloud, Capex 8/3/23
August 03, 2023 18:50 - 6 minutes - 6.02 MBAmazon reports after the bell - and investors' eyes are on the cloud. Over the last 6 quarters, growth in its cloud business AWS has slowed significantly, to an expected 10% in tonight's report, and investors are anxious to know whether the slowdown has bottomed... or could head even lower. Another data point to keep an eye on – capex. Big tech companies that have already reported including Microsoft, Alphabet and Meta have all mentioned that big investments in AI have pushed up spending. In...
Arm Reportedly Targets $60B-$70B September IPO 8/2/23
August 02, 2023 18:31 - 6 minutes - 6.35 MBSoftbank-backed Arm is reportedly targeting a $60B-$70B September IPO - one of the biggest in tech history. The company licenses out chip designing to tech giants including Apple, Amazon, Microsoft, Nvidia, and Intel. Softbank founder Masa Son couldn't have timed it better as the need for computing power and AI chips booms. But there are still risks, including a slowdown in smartphone sales, and faces competition from an open source chip design architecture firm called RISC-V.
Uber’s Q2: Profitability, Ad Business in Focus 8/1/23
August 01, 2023 18:20 - 5 minutes - 5.16 MBUber just reported its first-ever profitable quarter - but just how sustainable is it? GAAP net income was $394 million, but nearly all of that was due to a pre-tax benefit related to unrealized gains on Uber's equity investments. It holds stakes in self-driving tech companies Aurora, electric scooter startup Lime, ridesharing companies DiDi and Grab, and electric aircraft company Jovy. Its advertising business though is seeing new growth. It launched video ads on Uber, Uber Eats, Drizly and...
Walmart Buys Tiger Global’s Stake in Flipkart for $1.4B, Plus Morgan Stanley on Adobe and Salesforce 7/31/23
July 31, 2023 19:20 - 8 minutes - 7.56 MBThe funding and valuation environment for startups remains challenged, but Tiger Global has notched one big, multi-billion dollar exit recently. After a rough 2022, Tiger told investors today it net a total of $3.5 billion from selling its remaining stake in Indian e-commerce startup Flipkart; a much-needed win for Tiger. Plus, Morgan Stanley analyst Keith Weiss has two big calls out today – upgrading Adobe to overweight on its roadmap to AI monetization, and downgrading Salesforce to equal ...
Special Report: Tech Earnings Scorecard 7/28/23
July 28, 2023 23:52 - 44 minutes - 41.1 MBCNBC's Deirdre Bosa covers Tech earnings, deal making and M&A activity. Plus, are more strikes coming in Hollywood?
Nvidia Triumphs as Big Tech Talks Up AI Investments 7/28/23
July 28, 2023 21:06 - 3 minutes - 3.4 MBThough it hasn't even reported yet, Nvidia seems to be the clear winner this earnings season. Three of the biggest tech companies reported this week – Microsoft, Alphabet and Meta – and all said they’re spending more on building infrastructure to support AI cloud computing. That means less traditional server chips, and more of Nvidia's advanced GPUs.
Big Tech Earnings Preview, Plus TikTok’s Push Into E-commerce 7/25/23
July 25, 2023 18:47 - 7 minutes - 6.89 MBTech heavyweights Alphabet and Microsoft report second quarter earnings after the bell today, the first that’ll show investors whether the hype around AI is justified. But there are some red flags to look out for, including tech’s massive outperformance this year, high expectations for AI, and decelerating cloud growth and capex. Plus, TikTok keeps pushing the envelope. Despite having a regulatory target on its back in the U.S., the social media platform recently announced a push into music ...
The Tech Trade, Positioning into the Print, and Fighting AI Plagiarism 7/24/23
July 24, 2023 18:17 - 6 minutes - 6.21 MBA big week for big tech with Alphabet, Microsoft, Intel and Meta results on deck. We’ll drill down on the name one analyst says is the best positioned in AI. Plus, Verizon, NXP Semiconductors, and Anywhere Real Estate are on deck with results. We’ve got the action, the story, and the trade in Earnings Exchange. And we’ll speak with a recent college graduate who built an AI-detecting program from his college dorm room.
Special Report: Lyft CEO David Risher & Big Tech Earnings 7/21/23
July 21, 2023 23:18 - 44 minutes - 41 MBCNBC's Deirdre Bosa previews earnings next week from Microsoft, Alphabet and Meta. Bosa also spoke exclusively with Lyft's new CEO, David Risher, as he gets set to wrap up his first 100 days in office.
Pandemic “Left for Dead” Stocks See New Life, Plus Apple Is Reportedly Developing Its Own AI Tools 7/19/23
July 19, 2023 19:13 - 6 minutes - 6.03 MBCarvana is surging more than 30% after striking a new debt restructuring deal despite remaining deeply unprofitable. It's part of a host of pandemic high-flyers that investors left for dead but are now rebounding including Robinhood, Coinbase, Peloton, Affirm, and OpenDoor – all with different business models but characterized by weak financials and high valuations. Plus, Apple is reportedly developing its own AI tools, including a large language model and an internal chatbot that engineers ...
AI Gold Rush Slows, Plus Shares of AT&T Near 30-Year Lows 7/18/23
July 18, 2023 19:40 - 6 minutes - 6.3 MBThe AI gold rush that has seen billions of dollars poured into startups might already be slowing down. Two AI chatbots are laying off workers, as the field for startups grows crowded, businesses begin to demonstrate they don’t all survive as standalone products, and investors grow impatient for impact on revenue. Plus, shares of AT&T are near their lowest in 30 years as analysts try to gauge potential financial liability following a report on toxic lead cables. It comes on top of repeated do...
Investors Bail on Cathie Wood’s Popular ARKK ETF 7/17/23
July 17, 2023 18:22 - 5 minutes - 5.15 MBCathie Wood's flagship ARKK Innovation ETF has seen net outflows of $234 million this year and $740 million in the past 12 months, plus Assets Under Management crater from $30 billion during pandemic highs to less than $9 billion today. But maybe the biggest knock against Wood? ARKK has underperformed the Nasdaq and $QQQ since its 2014 inception. We raised the question with her on Friday during our Tech Check special.
Special Report: Tech Earnings, Venture Debt & Hollywood on Strike 7/14/23
July 15, 2023 00:07 - 44 minutes - 41 MBCNBC's Deirdre Bosa previews earnings next week from Netflix and Tesla. Cathie Wood, Ark Invest CEO, to discusses the A.I. space, ARK’s ETF hitting an 11-month high and what stocks she is watching in the tech space. Emil Michael, former Uber chief business officer, discusses the recent stock pop, competition in the space and more. Plus, Hollywood on strike and venture capital loans disappear.
FTC Files Appeal To Pause Microsoft Activision Merger as Deadline to Close Deal Looms 7/13/23
July 13, 2023 19:09 - 6 minutes - 5.53 MBFTC Chair Lina Khan was grilled today by the House Judiciary Committee over the agency’s increasing court losses. The agency today also filed its appeal to pause the Microsoft Activision merger. Microsoft has until July 18 to close the deal, when it'll have to either renegotiate terms or abandon the deal and pay a $3 billion break fee.
Amazon Prime Day Drives Record Sales, Plus Nvidia In Talks to Anchor Arm’s IPO 7/12/23
July 12, 2023 18:19 - 6 minutes - 5.67 MBEarly Prime Day data looks positive for Amazon, with shoppers spending $6.4 billion on the first day, up almost 6% from last year and making for the single biggest e-commerce day in 2023 according to Adobe. Former Target Vice Chair Jerry Storch joins us for a read on the consumer. Plus, less than two years ago Nvidia tried to buy Arm for some $40 billion, but failed because of anti-trust issues. Flash forward to today, and Nvidia could reportedly anchor the chip designer’s IPO – set to be th...
Amazon Prime Day Kicks Off 7/11/23
July 11, 2023 19:17 - 7 minutes - 6.69 MBAmazon Prime Day Kicks Off Description: Amazon Prime Day begins today -- Adobe forecasts the 2-day sales event will drive $13.1 billion in U.S. online spend, 9.5% more than last year. As for Prime signups though? Consumer Intelligence thinks memberships are at saturation, estimating 167 million Americans are members, down from 170 million last year.
AI’s Existential Threat, Plus Amazon Prime Day Forecast 7/10/23
July 10, 2023 18:37 - 6 minutes - 5.64 MBSarah Silverman and other authors are suing Meta and OpenAI over claims of using their content without permission to train chatbots. It raises the question of whether copyright is an existential threat to AI, and the limits of how much AI can actually leverage content on the internet. Plus, Amazon Prime Day kicks off tomorrow – but how much do we care? Many investors aren’t buying the stock for e-commerce anymore, instead shifting focus to the faster-growing and more lucrative AWS and even a...
Special Report: All Things Tech & AI 7/7/23
July 07, 2023 23:15 - 44 minutes - 41.1 MBCNBC's Jon Fortt discusses all things tech including Amazon's advantage in A.I and Meta's "Threads" app.
VC Funding Slump Persists, Plus Alibaba Shares Soar After Ant Group Fine 7/7/23
July 07, 2023 20:55 - 8 minutes - 7.53 MBDespite the hype around generative AI, the funding environment for startups and VCs remains tight according to Pitchbook data. Softbank though is bucking that trend with a new investment in a Japanese robotics startup, just weeks after promising to go back on the offensive. Plus, shares of Alibaba soared today after China hit Ant Group with a nearly $1 billion fine, signaling an end to its era of tech crackdowns, allowing the company and private enterprises in the country more broadly to rev...
Uber, DoorDash, GrubHub Sue NYC Over Minimum Wage Law, Plus Amazon Faces Mounting Competition Risks from China 7/6/23
July 06, 2023 18:40 - 7 minutes - 6.95 MBGig economy stocks like Uber and DoorDash hit session lows after saying they're suing New York City over a law that raises delivery workers' minimum wage to $17.96/hour, nearly tripling their base pay. But it changes the calculus as investors continue to look to the apps for profitability. Plus, as the U.S. gets tough in the tech fight against China, Amazon could be caught in the middle. Biden administration cloud restrictions could hurt AWS, while Chinese e-commerce sites like Pinduoduo’s T...
Jassy Cracks Down on Studio Spending, Plus A New Potential Cloud Restriction 7/5/23
July 05, 2023 18:36 - 5 minutes - 4.98 MBAmazon CEO Andy Jassy’s tenure has been characterized by greater fiscal discipline, and now he’s reportedly looking to streaming as a way to cut costs – taking a hard look at the finances of producing pricey original like “Rings of Power” and “Citadel” despite mixed ratings. Plus, Chinese companies have been exploiting loopholes in the U.S. export ban on chips – including by renting access to high-end chips and their compute power through cloud companies like Amazon’s AWS and Microsoft’s Azu...
AI Startups Drive Dealmaking Rebound 7/3/23
July 03, 2023 16:03 - 4 minutes - 4.23 MBAI startups saw a funding explosion this year, with more than 20 generative AI unicorns now in the landscape, according to Pitchbook data. OpenAI backer and Inflection AI co-founder Reid Hoffman discussed what’s next for these startups, and whether they’ll be able to outlast the megacaps.
AI Investing & Tech IPO's 6/30/23
June 30, 2023 23:21 - 43 minutes - 40.2 MBIn this special report, CNBC's Diedre Bosa discusses money flowing into AI, the lack of tech IPO's and the downstream impact on Bay Area real estate.
Number of AI Unicorns Surge, Plus The FTC Plans Amazon Antitrust Suit 6/29/23
June 29, 2023 18:20 - 4 minutes - 4.42 MBAI startup Typeface announced today it raised $100 million at a $1 billion valuation. It’s the latest in a string of new AI unicorns – a bright spot amid a wider slowdown in startup funding. Plus, the FTC is gearing up for its biggest suit against Amazon yet, according to Bloomberg. What it could mean for Amazon’s already razor-thin e-commerce margins.
China Narrows Gap in AI Dealmaking Race, Plus Tech IPOs Lag 6/28/23
June 28, 2023 19:20 - 5 minutes - 5.28 MBThere's a race between the U.S. and China to find AI winners at the earliest stages, and so far the U.S. has been way ahead. But China is quickly closing the gap, with Chinese AI venture dealmaking at more than 70% that of U.S. this year - and we're only halfway through. Plus, where are the tech IPOs? Despite the AI hype, new AI unicorns seemingly daily, and investors unable to get enough of the few companies that are already public, tech IPOs have remained on the sidelines - and big names d...
AI Deal Making Heats Up, Plus AI Election Impact 6/27/23
June 27, 2023 18:26 - 7 minutes - 6.5 MBData is the new gold in the generative AI race - and companies want to harness the power of their own data instead of giving it to ChatGPT or another software application. That idea may be behind a flurry of recent deals in the AI space. Plus, a panel of AI experts at the Aspen Ideas Festival, including Google DeepMind COO Lila Ibrahim, weigh in on whether they’re worried about how AI will impact misinformation in upcoming elections.