Equity Why some VCs are pulling back from Europe, Google’s AI push, and who is the CEO of Byju’s?
Feb 26, 2024
The podcast dives into the mixed global stock landscape and the fluctuations in crypto prices. It highlights Google's ambitious AI advancements with Gemini across various hardware. Venture capitalists from the U.S. are reassessing their strategies in Europe, impacting the startup scene. A success story emerges with Interview Kickstart's self-funding strategy, securing a significant $10 million round. The discussion wraps up with a look into the leadership turmoil at Byju’s, raising questions about its future.
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Crypto Market Updates
- Crypto prices have seen mixed movements, with Bitcoin down and Ethereum up.
- Stablecoin USDC's circulation is rising again, potentially impacting Circle's anticipated IPO.
Google's AI Push
- Google is integrating its Gemini AI model into various devices, from phones to cars.
- This broad AI integration reflects a wider tech industry trend, driven by the maturing mobile market and the search for new growth.
VCs Retreat from Europe
- US venture capitalists are pulling back from Europe due to complexities like language barriers, currency differences, and distinct startup networks.
- European startups are increasingly relying on local funding, making it less attractive for US investors seeking high returns.