Oilfield service companies are moving into the data center business by supplying power and cooling tech as demand from traditional drilling customers weakens (Martha Muir/Financial Times)
Client Challenge
Techmeme
Oilfield service companies are moving into the data center business by supplying power and cooling tech as demand from traditional drilling customers weakens
By Martha Muir / Financial Times. View the full context on Techmeme.
Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform (Bloomberg)
Bloomberg.com
PDD Fires Dozens After Fistfight With China Officials
PDD Holdings Inc. fired a government relations team in Shanghai following a fistfight between employees and Chinese regulators who were performing ...
Techmeme
Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform
From Bloomberg. View the full context on Techmeme.
Tim Sweeney says Fortnite will not return to iOS in Japan in 2025, as Apple is "charging a competition-crushing 21% junk fee on third-party in-app payments" (Tim Sweeney/@timsweeneyepic)
X (formerly Twitter)
Tim Sweeney (@TimSweeneyEpic) on X
Sadly, Fortnite will not return to iOS in Japan in 2025 as promised. Apple was required to open up iOS to competing stores today, and instead of do...
Techmeme
Tim Sweeney says Fortnite will not return to iOS in Japan in 2025, as Apple is “charging a competition-crushing 21% junk fee on third-party in-app payments”
By Tim Sweeney / @timsweeneyepic. View the full context on Techmeme.
In a letter, Rocket Internet minority shareholder Scherzer & Co accuses the company of marking down startup valuations to buy out backers at "bargain prices" (Financial Times)
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Techmeme
In a letter, Rocket Internet minority shareholder Scherzer & Co accuses the company of marking down startup valuations to buy out backers at “bargain prices”
From Financial Times. View the full context on Techmeme.
Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5's release; its total revenue run rate is now over $125M (Jake Rudnitsky/Bloomberg)
Bloomberg.com
Manus Says Sales Hit $125 Million Annual Run Rate
Singapore-based AI pioneer Manus said its annual run rate for revenue is over $125 million, eight months after it released artificial intelligence ...
Techmeme
Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5
By Jake Rudnitsky / Bloomberg. View the full context on Techmeme.
SoftBank Group Corp was among the Japanese tech stocks that fell on Dec. 18, as AI infrastructure spending worries on Wall Street crossed into the Asian markets (Lim Hui Jie/CNBC)
CNBC
SoftBank leads decline in Japanese tech stocks as worries over AI spending spill over to Asia
The tech-heavy Nasdaq Composite slipped 1.81%, dragged by losses in Oracle, Broadcom, Nvidia and other AI names.
Techmeme
SoftBank Group was among the Japanese tech stocks that fell on December 18, as Wall Street
By Lim Hui Jie / CNBC. View the full context on Techmeme.
Fermi CEO Toby Neugebauer says Amazon canceled a $150M advance for a Texas AI data center campus; FRMI fell 34% on Dec. 12 after saying a tenant had canceled (Dakin Campbell/Business Insider)
Business Insider
Mystery solved: Amazon is the prospective tenant in talks with data center developer rocked by stock plunge
"The lead negotiator for Amazon called me on Thursday," Fermi CEO Toby Neugebauer told Business Insider. The deal would pay more than $20 billion o...
Techmeme
Fermi CEO Toby Neugebauer says Amazon canceled a $150M advance for a Texas AI data center campus; FRMI fell 34% on December 12 after saying a tenant canceled
By Dakin Campbell / Business Insider. View the full context on Techmeme.
Wall Street clearinghouse DTCC selects the Canton Network blockchain as a real-world asset tokenization partner after receiving a No-Action Letter from the SEC (Ian Allison/CoinDesk)
Wall Street giant DTCC Picks privacy focused blockchain Canton Network for tokenization
Canton creator Digital Asset will help tokenize DTC-custodied U.S. Treasury securities.
Techmeme
Wall Street clearinghouse DTCC selects the Canton Network blockchain as a real-world asset tokenization partner after receiving a No-Action Letter from the SEC
By Ian Allison / CoinDesk. View the full context on Techmeme.
India-listed RRP Semiconductor's stock surged 55,000%+ in the 20 months through Dec. 17, despite negative revenue; source: India's SEBI is examining the surge (Chiranjivi Chakraborty/Bloomberg)
Bloomberg.com
World-Beating 55,000% Surge in India AI Stock Fuels Bubble Fears
The world’s best-performing stock is turning into a cautionary tale for investors chasing outsized returns from the artificial-intelligence boom.
Techmeme
India-listed RRP Semiconductor surged 55,000%+ in the 20 months through December 17, despite negative revenue; a source says India
By Chiranjivi Chakraborty / Bloomberg. View the full context on Techmeme.
Tebra, which offers practice management tools for private healthcare providers, raised $250M led by Hildred, mostly in equity, to accelerate its AI capabilities (FinSMEs)
FinSMEs
Tebra Receives $250M in Funding
Tebra, a Newport Beach, CA-based EHR+ platform provider, received $250m in new financing
Techmeme
Tebra, which offers practice management tools for private healthcare providers, raised $250M led by Hildred, mostly in equity, to accelerate its AI capabilities
From FinSMEs. View the full context on Techmeme.