Equity Monday: The race to build tomorrow’s AI models, and signs of life in the crypto markets

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 6 November 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Here’s what we got into on this fine morning: Stocks and crypto: Stocks are higher in Asia, lower in Europe, and nearly flat in the United States. More interestingly, crypto prices are continuing their ascent. Even NFTs are picking up a little bit! It’s another busy week on the earnings front, meaning we’ll hear from Uber and Lyft and Hubspot, among others. On the AI front, TechCrunch is tracking 01.AI in China, which is now a unicorn, and the latest offering from Elon Musk’s X.AI service. The latter will have some sort of tie to X, formerly known as Twitter. In India, a former Sequoia group is racking up impressive results. Elsewhere in technology-land, OpenSea cut staff, and China’s government is still writing big checks to chip firms. Let’s see how the latter plays out this time. Equity is back in Wednesday! We’ll see you then! 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 Crunch Podcast where we unpack the numbers and the nuance behind the headlines.
0:17.5	This is Alex, good morning. Welcome to our Monday show where we take a look back at the weekend and a look at the week that is to come.
0:24.6	Today is November 6th, 2023 and on the podcast this morning we have big stock market moves
0:31.0	and a packed earnings week.
0:32.6	More positive news for crypto,
0:34.6	how one venture fund is crushing the game in India,
0:37.7	the state of the AI race,
0:39.1	and a little bit about Musk.
0:40.8	With that, it's a busy morning. Let's go.
0:43.0	Kicking off with a look at the global world of money,
0:48.0	that means we have to talk about stocks.
0:50.0	Over in Asia, shares are sharply higher this morning, led by Korean stocks after short selling was banned in the country.
0:57.0	The Cosby Index in South Korea rose more than 5% today.
1:01.0	Japanese stocks were also higher, while Chinese stocks managed the smallest gains of the three countries.
1:06.6	But hey, up is up.
1:08.6	In Europe, shares are down today, but not by too much.
1:11.9	And here in the US stocks are set to rise a tiny bit at the
1:15.4	open but pre-market trading this close to break-even is just hard to trust.
1:19.8	Now there's a lot of earnings this week across a number of key technology industries, so listen for your favorite name, but here is what we're going to hear this week.
1:28.0	On Monday, data from Terra Data, Ring Central, Alteryix, Compass, and Olo.
1:34.0	Then Tuesday will bring us Uber, Coupong,
1:36.7	Data Dog, Global Foundries,
	...

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