Epic Games, the maker of the hit game Fortnite, has been valued at $28.7 billion in a $1 billion funding round, the company announced Tuesday. Participating investors include David Tepper’s Appaloosa Management, Fidelity, Baillie Gifford, and the Ontario Teachers’ Pension Plan Board. Sony also invested $200 million, adding to a $250 million stake it previously bought. The new funding comes...
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AI Startups Are Trying to Make Usage-Based Pricing Happen
Tech waves have often brought along with them corresponding changes in business and pricing models. For instance, when companies moved from using servers in their own data centers to ones hosted by public cloud providers, they also switched from buying packaged software a la carte to subscribing to cloud-based software, leading to the much-loved SaaS model we see today.Now, VCs are telling me...
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