tage
@ulonnaya.bsky.social
technology journo covering startups and vc in emerging markets @techcrunch.
Reposted by tage
The AI bubble was inflated based on the idea that we need bigger models that both are trained and run on bigger and even larger GPUs. A company came along that has undermined the narrative - ways both substantive and questionable - and now the market panicked that $200bn got wasted on AI capex
Can someone explain it to me like I'm stupid?
January 27, 2025 at 12:18 PM
The AI bubble was inflated based on the idea that we need bigger models that both are trained and run on bigger and even larger GPUs. A company came along that has undermined the narrative - ways both substantive and questionable - and now the market panicked that $200bn got wasted on AI capex
New: Remittance platform LemFi has raised $53 million in Series B, money it will use to expand into Europe and Asian corridors.
— $2B in TPV the whole of 2023; now doing $1B in monthly TPV.
—over 1M active users (70% of its earliest customers still use the platform.)
techcrunch.com/2025/01/13/l...
— $2B in TPV the whole of 2023; now doing $1B in monthly TPV.
—over 1M active users (70% of its earliest customers still use the platform.)
techcrunch.com/2025/01/13/l...
LemFi moves remittances further into Asia and Europe with $53M in new funding | TechCrunch
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they
techcrunch.com
January 14, 2025 at 12:13 PM
New: Remittance platform LemFi has raised $53 million in Series B, money it will use to expand into Europe and Asian corridors.
— $2B in TPV the whole of 2023; now doing $1B in monthly TPV.
—over 1M active users (70% of its earliest customers still use the platform.)
techcrunch.com/2025/01/13/l...
— $2B in TPV the whole of 2023; now doing $1B in monthly TPV.
—over 1M active users (70% of its earliest customers still use the platform.)
techcrunch.com/2025/01/13/l...
Africa's latest unicorn is South African-born fintech TymeBank after raising $250M at $1.5B from @nubank.com.br and others.
—Nubank forked out $150M
—Tyme has 15M users across SA and the Philippines
—$400M in customer deposits
—and deployed $600M in credit.
techcrunch.com/2024/12/16/n...
—Nubank forked out $150M
—Tyme has 15M users across SA and the Philippines
—$400M in customer deposits
—and deployed $600M in credit.
techcrunch.com/2024/12/16/n...
African digital bank Tyme raises $250M round led by Nubank at $1.5B valuation | TechCrunch
Tyme Group raises $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Brazil's Nubank.
techcrunch.com
December 20, 2024 at 3:20 PM
Africa's latest unicorn is South African-born fintech TymeBank after raising $250M at $1.5B from @nubank.com.br and others.
—Nubank forked out $150M
—Tyme has 15M users across SA and the Philippines
—$400M in customer deposits
—and deployed $600M in credit.
techcrunch.com/2024/12/16/n...
—Nubank forked out $150M
—Tyme has 15M users across SA and the Philippines
—$400M in customer deposits
—and deployed $600M in credit.
techcrunch.com/2024/12/16/n...