Bitcoin is on the move, Spotify cuts staff and more money floods AI

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Hiya, and welcome again to Equity, the podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

Our Monday present covers the newest in tech information from the weekend and what’s making headlines early within the week. And we had so much to cowl this morning!

• Crypto costs are rising, which is sweet information for the decentralized economic system, as growing costs monitor with heightened buying and selling exercise and shopper curiosity.
• We’ve got one other busy week of SaaS corporations reporting quarterly outcomes, which is able to hopefully present a helpful temperature examine for tech valuations.
• CoreWeave’s new $7 billion valuation had our tongues wagging, as did delays at Google’s AI project.
• After which there was Spotify cutting staff in light of economic conditions. The corporate can’t outgrow its core market ceaselessly, and with largely static gross margins, the one lever it will possibly actually pull is its price base.

That’s it for in the present day! Extra on Wednesday and Friday!