🔥 Hot Takes Tuesday for 2024-09-17
This week, I'm exploring huge AI funding, Microsoft's costly choices, and the quirks of smartphone tech.
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The numbers this week are once again big numbers.
These three stories caught my eye.
Techmeme: BlackRock, GIP, Microsoft, and MGX announce a new AI fund that seeks to raise $30B+ of private equity capital and $100B+ in total investment when including debt (Financial Times)
From Financial Times. View the full context on Techmeme.
💰 + 🤖 $100B+ is an interesting number (now that $30B+ has been raised within this AI specific fund) and it goes to show that even companies like Microsoft that could tap their cash reserves alone are facing funding crunch needs that require multiple parties. 🤔
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