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Equity

Equity Monday: Bitcoin is on the move as Spotify cuts staff, and more money floods AI

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 4 December 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Equity is covering the latest in tech news from the weekend and what’s making headlines early in the week. We're talking through CoreWeave's new $7 billion valuation, what's happening in crypto, delays at Google's AI project and Spotify cutting staff in light of economic conditions.

Transcript

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0:00.0

Hello and welcome back to Equity, the Tech Runch Podcast, where we unpack the numbers and the

0:16.0

nuance behind the headlines.

0:17.8

This is Alex, good morning and welcome back to our Monday show, where we take a look back at

0:22.3

the weekend and then a look at the week that is to come.

0:25.3

Today is December 4th, 2023 the year is winding down and I am not emotionally ready for winter.

0:33.8

Not even a little bit.

0:35.4

But while the outside is cold, the tech news is still actually pretty hot.

0:39.0

So today on the show we have SAS Data, major changes in cryptoland big AI rounds and

0:45.7

product lays and finally layoffs at Spotify let's go

0:50.8

starting off with my favorite thing in the world, the stock market, shares are mixed in Asia today with the Chinese CSI 300 index hitting its lowest levels since early 2019.

1:03.4

Over in Europe shares are mostly lower today.

1:06.5

The background there is that gold hit a record high in the last 24 hours,

1:10.2

in case you track that sort of thing,

1:11.9

and stocks are set to rip higher here in the US at the open

1:15.8

now on the earnings front no we're not out of the woods yet but the good news is we do have a lot of very

1:21.5

interesting names in the SAS space.

1:24.0

So on Monday we will hear from GitLab and Maria DB.

1:28.6

Tuesday brings Mongo DB, Neo, Sentinel 1, Asana, Box, Yext, Stitch Fix, Arrival, and Junji.

1:37.0

Wednesday is Viva, Chooey, Brays, Sprinkler, C3. AI, Couch Base and Charge Point.

1:44.4

And then finally, Thursday, we're not out of the woods then either,

1:47.2

DocuSign, Smart Sheet, Hashi Corp, and Secure Works.

1:50.9

So it's another big week of S with some AI and electric charging thrown in.

...

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