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Daily Tech News: Daybreak, Meta, One Championship, Octopus

Here are the top stories on Techzi

Octopus Drowning in Debt, Acquisition Talks Stall

  • Octopus has failed to pay employee salaries for months.

  • Acquisition talks with other firms stalled as Octopus struggled to raise funds.

  • Mismanagement, excessive hiring, and lack of financial transparency led to the company’s downfall.

Greg Isenberg Predicts Why “Pay What You Want” is the Future of SaaS

Guest Author: Greg Isenberg

  • "Pay what you want" model gains traction in SaaS.

  • Inspired by Radiohead's success, it could triple conversion rates.

  • Trend offers potential for higher profits and increased customer goodwill.

VC Bets Big on Social Commerce in Creator Economy

  • VC sees opportunity in creator economy slowdown.

  • Daybreak Ventures bets on social commerce platforms.

  • AI poised to revolutionize content creation for creators.

Khailee Ng’s Advice for SEA Founders: Defy Trends, Reassess Strategies

  • Khailee Ng urges SEA founders to defy trends and reassess strategies for growth.

  • Prioritizing customer money, exploring new regions, and cheering on peers is key.

  • Ng believes US$30 trillion is up for grabs as more people come online.

Meta’s AI Gambit Reshapes the Metaverse Playground

  • Meta integrates AI into metaverse gaming strategy.

  • Reality Labs seeks breakthrough amid losses.

  • Zuckerberg bets billions on AI, but profitability remains distant.

Singapore’s Biotech Boom: More Than Meets the Eye

  • Singapore’s biotech sector thrives despite criticism.

  • Startups secure million-dollar deals from global pharma companies.

  • Industry leaders remain optimistic about long-term growth potential.

One Championship Gears Up for Profitable 2024

  • One Championship targets profitability in 2024.

  • Revenue soars through broadcasting deals and partnerships.

  • Expansion into esports drives additional growth.

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