Equity Monday: Another $100M for AI, why not

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 14 August 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Here’s the rundown from this morning: Worries about the Chinese economy dragged down Asian shares this morning; the equity picture was more mixed in Europe and the United States. Meanwhile, why is crypto so slow lately? What happened to price volatility? On the earnings front, we're looking ahead to Monday.com, Getty, Cisco, Bill.com and Palo Alto Networks this week. News that Anthropic is raising another $100 million got us talking about a few other AI rounds that are in the pipeline; the gist is that there is a lot of money flowing around AI startup-land these days. Indian electronics manufacturing is making real strides, Mastercard is buying some African fintech, and the better.com SPAC is a go. It's going to be yet another busy week, so strap in and let's go! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome back to Equity, the Tech Runch Podcast, where we unpacked in numbers and
0:16.0	nuance behind the headlines.
0:17.8	This is Alex, good morning.
0:19.3	I love getting caught up and catching you up while I do it.
0:22.6	It is August 14th, 2023,
0:25.2	and here is what we have on the show today.
0:27.6	Some fascinating companies are sharing earnings data this week.
0:31.4	AI funding is still the key venture capital story of today.
0:34.8	Indian manufacturing of electronics is accelerating, self-driving cars, and the
0:39.6	Better.com's back. It is a packed show today so sit back and let's do this.
0:47.2	And let's talk about money to start.
0:49.2	Shares are lower in Asia today with Chinese equities leading the descent.
0:54.0	What's going on? Well, China-based real estate development company, Country Garden, is struggling.
0:59.5	The company suspended trading on nearly a dozen onshore bonds this morning after it missed
1:04.3	interest payments on some dollar-based bonds previously. All of that has pushed the
1:08.6	value of Country Garden down 18% today to a 52 week low.
1:12.5	Now, this is equity, we care about startups.
1:14.9	Why are we talking about real estate in China?
1:17.4	Well, the data from Country Garden
1:18.9	does show us, more or less, that the economic woes
1:21.8	in that country, far from may actually be getting worse.
1:26.0	That matters for the tech sector.
	...

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