‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China
Asian stocks sold off sharply on Tuesday amid reports that China is now capable of manufacturing DUV lithography machines.
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Land leasing replaces buying as Gurugram logistics market eyes 55 msf by 2030 The next phase of expansion is expected to be concentrated around Jhajjar, Farrukh Nagar, Luhari, Pataudi, Bilaspur and the Tauru Road corridor, where improving connectivity and relatively lower land costs are attracting developers, a CBRE report says
What Investors Expect From CFOs in Today’s Startup Ecosystem – CXOToday.com
What Investors Expect From CFOs in Today’s Startup Ecosystem CXOToday.com
The grueling, 630-mile road race where the only fuel is sunlight
On July 19th, dozens of teams of high school students will begin a five-day, 630-mile road race from Fort Worth to Fort Stockton in Texas. But this is not your typical contest. The students design and build the cars themselves, using off-the-shelf parts and 3D printed materials. The winner is the team that accumulates the…
Velocity raises USD $38 million in Series A funding
KAREN JOY BACUDO Finance Editor Velocity has raised USD $38 million in a Series A funding round led by Dragonfly and FirstMark. Other investors included Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. The new financing brings the London-based stablecoin treasury and settlement platform’s total capital raised to nearly USD…
Coupang rebrands payment service, expands beyond platform
The company said Rocket Pay will support bank accounts, credit cards, and debit cards.
Moody’s: AI spending threatens credit quality of Amazon, Meta, Alphabet
Magnificent 7 tech stocks on display at the Nasdaq. Adam Jeffery | CNBC The race to build artificial intelligence infrastructure at a trillion-dollar annual clip is eroding the free cash flow and increasing balance-sheet risk at so-called hyperscalers, warned Moody’s Ratings. In a research note released this week, Moody’s said that the spending surge is…
