Struggles of Late-Stage Startups and New Ventures in Southeast Asia

This time 'round we are here on a Tuesday due to an American holiday! Here's the rundown from Alex:

• Stocks are mixed the world around as central banks tinker with interest rates to try and tune their domestic economies. The crypto world remains muted.
• Alibaba's shakeup: The CEO of the Chinese tech conglomerate is leaving that role to run its cloud business, which is one of the pieces of the company that will be spun out.
• Intel managed to extract a handsome package from Germany in exchange for building a plant in the country.
• OpenAI is working to limit the impact of EU AI regulation on its products and services.
• No one wants to buy Tiger's startup stakes en masse, so it is reduced to selling loosies to anyone who wants them.
• Go-Ventures is now Argor Capital, and it has a new $240 million fund.
• And funding rounds from Yellow and ElevenLabs as Byju's cuts more staff.

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