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Hello reader,
AI is so huge right now, it’s no wonder this week’s Thoughtful Tidbits features a lot of news about this tech: one on a practical use case, one on the costs of LLMs, and another on usage statistics.
Crypto was in a similar position only a couple of years ago, but now it seems to have lost steam. As we approach 2025, will AI fizzle out, or will it continue to dominate headlines?
Welp, that’s another layer to the whole discussion.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇨🇳 CNNP Rich Energy, a subsidiary of state-owned China National Nuclear Corporation, has received US$1.1 billion in funding from China Life Insurance, Sichuan Chuantou Energy, and Zhejiang Zheneng Electric, among others.
🇯🇵 Upsider is a Japanese firm that issues corporate cards, catering mainly to fast-growing companies like startups aiming for public raises. It has locked up over US$64.3 million in debt financing, though the participating firms were not disclosed.
🇰🇷 South Korea-based Panmnesia is a fabless startup specializing in compute express link tech. It has raised US$56 million in series A money from BSK Investment, Daekyo Investment, and Daesung Private Equity, among others.
🇸🇬 VoloFin is a Singapore-headquartered fintech platform offering invoice factoring for SMEs. It has obtained US$50 million in debt funding from an unnamed US bank.
M&A
Startups that are raising funds
Behind the Glasswall
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Thoughtful Tidbits
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