Dark Mode Digest

03/08/2024

In today's 🔥 newsletter, we break down the earnings for tech companies like Alphabet, Amazon, AMD, Coinbase, Intel, Microsoft, Meta, and more...

Check it out here 👇
https://darkmodedigest.com/p/tech-q2-2024-earnings

01/08/2024

TikTok’s AI spending is driving Microsoft’s booming AI business

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30/07/2024

Stripe acquired one of its payments competitors Lemon Squeezy for an undisclosed amount...

The most interesting part? 👇

Lemon Squeezy has just 13 employees and its CEO JR Farr said that since it launched in 2021, it's received many acquisition offers and Series A term sheets

He even turned down a $50M Series A term sheet...

It's unclear how much funding the company has right now, if any... but it surpassed $1M ARR within 9 months of its public launch in 2021...

It went from idea to acquisition in under 3 years...

Stripe def seems like the right partner here to take their merchant of record to the next level

23/07/2024

New deepdive video on what happened with the CrowdStrike outage… this one is a banger 🔥👇🏻

CrowdStrike lost companies BILLIONS of dollars across the world...A faulty software update issued by CrowdStrike, one of the world’s largest cybersecurity fi...

23/07/2024

The $23B Google and Wiz deal falls apart…
Damnnn called it in my last newsletter… details below 👇🏻

The deal would have been an M&A trap because:
- Months-to-year long antitrust scrutiny
- This time would be a distraction for a high-growth startup like Wiz. It's only 4 years old and on track to make $1B ARR...
- It could slow product development, spook customers, and divert attention away from company execs

22/07/2024

OpenAI is in talks with Broadcom to develop new AI chips. Nvidia, they are coming for you 👀

22/07/2024

For sure 😂

19/07/2024

😳 Why Google's $23B acquisition of Wiz could be an M&A trap...

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17/07/2024

Bilt Rewards is a new fintech company that lets you earn loyalty points by paying rent through its branded credit card.

It's based in New York City and has raised $413M at a valuation of $3.1B. Ankur Jain is its founder and CEO.

The truth behind the startup’s business came to light when a recent Wall Street Journal article revealed that its partner underwriter; Wells Fargo Bank, was losing $10M a month, or $120M a year, on their partnership.

More juicy details in my latest video 👇

Bilt Rewards is a new fintech company that lets you earn loyalty points by paying rent through its branded credit card. Bilt is based in New York City and ha...

12/07/2024

OpenAI's new benchmark for tracking its Artificial General Intelligence progress that it shared at its company All-Hands meeting this week...

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09/07/2024

Top VC firm a16z has secured more than 20,000 GPUs to rent out to its portfolio companies and win AI deals...

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06/07/2024

Big tech has a new 'acquisition' playbook to take over the AI industry...

📸 View the images for more details on how Amazon is copying Microsoft...

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What do you think??

06/07/2024

OpenAI was apparently hacked… all we know is that the hackers got access to the company’s employee discussion forum… they may have obtained more… 😳

05/07/2024

SoftBank is looking to borrow money from banks to fund investments of up to $10B in energy-related projects where AI is driving an enormous increase in demand…

04/07/2024

Amazon announced it's hiring most of the team behind Adept, an OpenAI competitor...

Amazon will also license Adept’s technology to “accelerate its roadmap for building digital agents that can automate software workflows.”

This looks very similar to what Microsoft did earlier this year...

Microsoft agreed to pay Inflection, another OpenAI competitor, $650M to license its models and hire most of its staff, including its cofounders...

With stricter antitrust laws, it's now harder than ever for big tech to buy companies... it's not like it used to be...

What Amazon and Microsoft have done is a way to skirt these laws by disguising the 'acquisition' as something else... a "reverse acquihire" 🤯

I break this all down in tomorrow's newsletter... Subscribe now so you get it in the morning 👇
https://www.darkmodedigest.com/

27/06/2024

Just posted this 🔥 8 min video breaking down how other countries are planning to stop American AI dominance 👇

The United States is home to powerful language models like OpenAI's GPT, Google’s Gemini, Anthropic’s Claude, Meta’s Llama, and now Apple’s Apple Intelligenc...

18/06/2024

Once valued at $3 BILLION, the EV startup Fisker just filed for Chapter 11 bankruptcy...

It failed to take its flagship vehicle, the Ocean SUV, off the ground in which it only sold a few thousand units over the past year due to many software and mechanical issues...

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What do you think??

09/06/2024

Hey everyone, Loryn here 👋
I started this page to share tech stories, news, and insights. This is one of my passions so I wanted to share it with the world.

I recently started a weekly tech newsletter where I break down and summarize the most important things you need to know for the week in 5 minutes. Would love for you to subscribe 👇
https://www.darkmodedigest.com

No worries if not. I appreciate all the likes, follows, and just checking this out. Please comment or message me if you have any questions and/or want me to cover any topics. I'm an open book ☺️

Love y'all,
Loryn from Dark Mode Digest

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