Hello and welcome back to Equity, the podcast about the startup business, where we unravel the numbers and nuances behind the headlines.
Our Monday show covers the weekend’s latest tech news and early week headlines. Today we’re talking about Meta’s latest fines, what’s new in chips, and a few startup rounds that caught our eye!
- Stocks aren’t moving too much this morning, which could change if the US government voluntarily defaults on nonsense. Crypto hasn’t changed much lately, although we keep an eye on overall trading volume.
- Meta was fined a record for its handling of EU user data. Data residency is a big deal and likely to pop up in future conversations about generative AI models and where they get their own data from and from whom.
- China has banned some Micron products, much to the chagrin of the United States. The two economic powerhouses are working to distance themselves in key technology areas. Elsewhere in chip country, Applied Materials is investing in the United States and there are labor concerns over the sheer number of chip projects starting here at home.
- Patient21 raised a huge round for its healthcare software and services company, while Infinite Uptime raised more money for its ‘predictive maintenance solutions for machines’.
Wow! And that’s just the beginning! See you back here Wednesday for more!
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