Equity Equity Monday: TikTok loves ecommerce and VCs think Mistral AI will be fine (potential EU regulatory overhang or not)
Dec 11, 2023
This week, cryptocurrency is making waves with a surge in trading activity. TikTok is doubling down on its e-commerce ambitions with a massive investment in Indonesia. The EU introduces strict regulations for AI, raising questions about the future of tech in Europe. Mistral AI secures significant funding amid mixed reactions to these regulations. Meanwhile, the semiconductor industry continues to evolve, highlighted by a new $10 billion research facility in New York and the rise of fintech unicorns like SumUp.
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Crypto Trading Surge
- Crypto markets are showing renewed activity, with trading volumes reaching their second highest peak of 2023.
- Increased trading benefits crypto exchanges, potentially leading to more investments in early-stage crypto startups.
TikTok's Indonesian Venture
- TikTok is investing $1.5 billion in a joint venture with Tokopedia to tap into Indonesia's e-commerce market.
- This strategic move gives TikTok a controlling stake and access to Southeast Asia's largest e-commerce market.
EU AI Regulation and Mistral AI's Funding
- The EU's new AI regulatory framework has drawn criticism, particularly from some American tech figures.
- Despite this, Mistral AI, a French startup, secured substantial funding, suggesting continued confidence in European AI development.