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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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