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AMD to Backstop $300 Million Crusoe Loan, Following Nvidia PlaybookExclusive

AMD to Backstop $300 Million Crusoe Loan, Following Nvidia Playbook

Chipmaker AMD is pursuing the same growth-driving strategy that has boosted sales at rival Nvidia: lending its financial support to upstart cloud providers buying its chips. AMD will effectively guarantee a $300 million loan for data center and cloud startup Crusoe to purchase AMD’s AI chips and install them in a data center in Ohio. The loan from Goldman Sachs will be backed by the chips and related equipment, said people with knowledge of the deal.

Etsy Looks to Revive Sales Growth After Depop Sale

The online marketplace for unique and handmade goods said it’s trying to win younger users back to its site and app.

Netflix Sends Legal Letter to ByteDance Over AI Videos

ByteDance's Seedance 2.0 model has become highly controversial after generating numerous AI videos featuring copyrighted content.

Dylan Patel’s SemiAnalysis Mulls Raising Venture Fund

The talks are in the early stages, and the firm does not yet have a target, but it could be in the hundreds of millions of dollars.
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Etsy Sells Depop to eBay At A Loss

Etsy originally acquired Depop for around $1.6 billion in 2021.

DoorDash Posts Strong Growth on Deliveroo Acquisition

The restaurant meal delivery app forecast a slowdown in profit growth in the first quarter partly due to investments in Deliveroo.

Figma Posts Accelerating Growth in Fourth Quarter

Figma shares rose as much as 16% in after hours trading.

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Zuckerberg Testifies in LA Courtroom

Several hours of testimony had not yielded any revelatory moments. Zuckerberg seemed more annoyed than threatened.

Snap’s Subscriptions Business Passes $1 Billion in ARR

The announcement is a rare bit of good news for Snap, which has reported weak ad growth in recent quarters.

Perplexity Ends Ads Experiment

The pullback comes as ChatGPT’s ads launch has become a talking point for competitors

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Saudi Arabia’s Humain Says it Invested $3 Billion in xAI Before SpaceX Merger

It’s unclear why Humain waited until now to reveal its participation in the round, which xAI has previously said raised a total of $20 billion.

OpenAI Pays 20% of Total Revenue to Microsoft Until 2032

The payouts will be more heavily weighted toward the years leading up to 2032

Anthropic Projects Rising Payouts to Cloud Providers: Financial Disclosures

Anthropic shares about 50% of its gross profits with Amazon for any sales Amazon makes

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Meta and Nvidia Sign Strategic Partnership

The Information reported in September that Meta was in talks with Google about spending billions of dollars to use TPUs.

Three Top Execs Leave Crypto Exchange Gemini

Co-founder Cameron Winklevoss will take over more revenue responsibilities.

Palo Alto Networks Buys Koi

The news marks the latest in a series of acquisitions by the $131 billion company.

Thrive Capital Raises $10 Billion in New Funds

The raise roughly doubles its last fundraise.
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