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StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone brands like Oppo and Honor, raised a ~$717M Series B+ (Eudora Wang/DealStreetAsia)

Eudora Wang / DealStreetAsia : StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone bra...

19 December 2023

Adobe's failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth (Bloomberg)

Bloomberg:
Adobe's failed Figma deals leaves the company with ~$6B in cash to invest in AI and stock buybacks, but upstart rivals still represent a threat to its growth  —  - Startups like Canva, Figma and OpenAI remain a risk to growth  — Investors banking on AI to boost Adobe's customers and sales

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