Tech Meme

Bloomberg: Sources: SoftBank is seeking a bridge loan of as much as $16.5B to help fund AI investments in the US; the loan may help SoftBank lead a $40B round in OpenAI  —  The bridge loan under discussion has a tenor of about 12 months, said the people, who asked not to be identified discussing private matters. Lees verder op Tech Meme

The Economic Times: Industry executives say Rapido has a 20% share in India’s four-wheeler ride-hailing segment; Uber has a ~50% share, while Ola holds most of the remaining 30%  —  Happy Tuesday!  India’s ride-hailing sector is experiencing significant disruption, with newer challengers entering the fray. Lees verder op Tech Meme

Kathrin Hille / Financial Times: Sources: TSMC’s recent $100B US investment pledge was merely an estimated price tag for existing long-term plans and reflects an intention rather than a promise  —  Taiwanese chipmaker has said little about its plans and extent of reprieve from Washington’s pressure is unclear Lees verder op Tech Meme

Wency Chen / South China Morning Post: Microsoft has closed its IoT & AI Insider Lab in Shanghai, reflecting a broader pullback from China amid geopolitical tensions; the lab was opened in May 2019  —  The IoT & AI Insider Lab in the Zhangjiang hi-tech zone likely closed in January or February, nearby workers say Lees verder op Tech Meme

Dan Primack / Axios: Sources: CaaStle, a clothing inventory monetization platform that had raised $530M+, is almost broke and is accusing its founder of financial misconduct  —  Fashion technology company CaaStle is almost broke and is accusing its founder and former CEO Christine Hunsicker of financial misconduct, Axios has learned from multiple sources. Lees verder op Tech Meme

Bloomberg: Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects  —  – Commerce chief wants expanded projects without more grants  — Lutnick’s team suggested agency could scrap finalized awards Lees verder op Tech Meme

Lora Kolodny / CNBC: LightSource, whose software helps companies manage their procurement process, costs, and vendor relationships, raised $33M led by Bain Capital and Lightspeed  —  With President Donald Trump set to impose sweeping tariffs on a wide swath of U.S. trading partners this week, corporate America is awash in uncertainty. Lees verder op Tech Meme

Annie Palmer / CNBC: Amazon resumes drone deliveries in Texas and Arizona, after halting them in January to roll out a software update to fix issues with the drone’s altitude sensor  —  Amazon has restarted drone deliveries in two states after a months-long pause, the company confirmed. Lees verder op Tech Meme

Matthew Griffin / Bloomberg: Coinbase’s stock fell 31% in Q1 2025, its worst quarterly performance since FTX collapsed in 2022; nearly every major crypto-linked stock plunged alongside it  —  Coinbase fell 31% in the worst quarterly performance since FTX collapsed near the end of 2022. Lees verder op Tech Meme

Bloomberg: Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025  —  The London-based company, which has raised more than $450 million, dropped its revenue estimates for the second half … Lees verder op Tech Meme