Hello, fellow listeners! Welcome to Equity, where we delve into the world of startups and break down the numbers and nuances hidden behind the bold headlines. Let’s not waste any time and kick off our Monday show by catching up on the weekend buzz and what we can expect for the week ahead.
If you missed it over the weekend, we had an engaging conversation with Nubank’s CEO that you can find here. Now, onto the noteworthy updates:
Apple’s Magnanimous €1.84B Penalty
“Justice is like a needle, always pointing to the right, and coming late.” – Victor Hugo
Apple has recently been hit with a record-breaking fine of €1.84 billion, making it the largest antitrust penalty ever imposed. This hefty amount was imposed by the French competition authority for exerting excessive control and manipulating distribution channels of their products (cough cough, App Store). Will this ruling mark the beginning of change for the tech giant? Only time will tell.
AI Advancements in India
“Artificial intelligence is the future, but what will it look like?” – Aatish Taseer
The Indian government has taken a step forward in shaping the future by announcing new regulations for the use of artificial intelligence within the country. These laws aim to promote responsible and ethical use of AI, while also safeguarding against potential negative effects. Will these guidelines pave the way for a more equitable and responsible future? Let’s keep an eye out.
The Latest Pre-IPO Round
“If opportunity doesn’t knock, build a door.” – Milton Berle
In exciting pre-IPO news, Friday marked the closing of a successful funding round for the e-learning company Byju’s, bringing their valuation to $16.5 billion. With an impressive list of investors, including Facebook founder Mark Zuckerberg and Blackstone Group, Byju’s is now India’s most valuable startup. Keep an eye out for their highly anticipated IPO, set to launch in the near future.
That’s all for today, folks! We’ll be back on Wednesday with more updates. Stay tuned!
