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Sources detail how Tiger Global fueled the COVID-era unicorn bubble that burst ahead of the AI boom; the firm recently shared its $12.7B 2021 fund is now up 16% (Issie Lapowsky/Rest of World)

Issie Lapowsky / Rest of World : Sources detail how Tiger Global fueled the COVID-era unicorn bubble that burst ahead of the AI boom; the...

22 January 2025

Sources: ByteDance plans to spend ~$5.5B to acquire AI chips in China in 2025, double the amount spent in 2024, with ~60% going to Chinese suppliers like Huawei (Financial Times)

Financial Times:
Sources: ByteDance plans to spend ~$5.5B to acquire AI chips in China in 2025, double the amount spent in 2024, with ~60% going to Chinese suppliers like Huawei  —  Chinese owner of video app seeks growth from AI as its social media business comes under pressure in US

Posted from: this blog via Microsoft Power Automate.

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