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  • Daily Tech News: Naver, SoftBank, Square Peg, TaniFund, Linnovate Partners, Meta

Daily Tech News: Naver, SoftBank, Square Peg, TaniFund, Linnovate Partners, Meta

Here are the top stories on Techzi

Japan’s Line in the Sand, Pressure Mounts on Naver’s Stake

  • Japan pressures Naver to divest Line stake after data breach impacting Japanese users.

  • Regulators order corporate restructuring, raising speculation of SoftBank takeover.

  • Rare foreign intervention in domestic firm operations fuels intrigue.

SoftBank’s Vision Fund Reshapes as Masayoshi Son Embraces AI and Chips

  • SoftBank’s Vision Fund offloads $29 billion in public holdings to refocus on AI and chips.

  • Founder Masayoshi Son pivots after Arm’s $106 billion valuation.

  • Recent divestments and gains signal the fund’s strategic reshaping.

The Rise of Stablecoins in the High Inflation Countries of Latam is a Key Trend I’m Keeping an Eye on

Guest Author: Richard “Richieee“ Armstrong

  • Stablecoins gain traction in high-inflation Latin American countries like Venezuela and Argentina.

  • They offer stability lacking in local currencies.

  • But regulatory and reserve risks remain.

Square Peg Readies $550M Warchest for 2024

  • Square Peg preps $550M fund for 2024, doubling down in Southeast Asia.

  • The VC firm eyes fintech, AI, SaaS and climate tech stars.

  • Stellar returns fuel expansion after $738.8M gains, 16 exits.

John Rush’s Unconventional Wisdom for Entrepreneurs from to Simplify to Soar

Guest Author: John Rush

  • John Rush advocates simplicity for entrepreneurs through solo teams, multi-skilled contractors, minimal features and no-code tools.

  • He avoids complexity like employees, offices and fancy designs.

  • Focus is on fast iteration, buying back time and smooth workflow like a river to the sea.

TaniFund’s Troubles: OJK Pulls the Plug on P2P Lending Platform

  • OJK revokes TaniFund’s license over equity, compliance issues.

  • The P2P lender faces liquidation amid bad loans, customer complaints.

  • TaniHub’s agritech struggles intensify with layoffs, executive exits.

Linnovate Partners Gets Mega Bucks from Temasek’s Money Mavens

  • Linnovate Partners raises $40 million to simplify alternative investing management.

  • Its Raise platform streamlines fund administration for over $130 billion assets.

  • SeaTown’s funding accelerates growth for the Singapore fintech firm.

Dance Battle Reignites as Tech Titans Clash over AI Supremacy

  • Sundar Pichai dismisses Microsoft CEO’s “dance” remarks about Google’s search dominance.

  • Google maintains structural advantages and prioritizes its own vision.

  • Tech giants spar as AI race accelerates, with Google catching up rapidly.

AI Gets Creative: Meta Unleashes Generative Vision for Advertisers

  • Meta empowers advertisers with AI to generate visuals from scratch.

  • Brands can leverage cutting-edge tools for creative, cost-effective campaigns.

  • While lucrative, concerns around copyright and bias persist.

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