Alibaba reports Q4 revenue up 6.6% YoY to ~$30.7B, AI startups in the Bay Area raised $27B+ in 2023

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Alibaba reports Q4 revenue up 6.6% YoY to ~$30.7B, above $30.4B est., a ~$452M net income, down 86% YoY from ~$3.2B in Q4 2023, and announces a $4B dividend. - Link

AI startups in the Bay Area raised $27B+ in 2023, more than 50% of global AI funding, up from $14B in 2022, when the region accounted for 29% of all AI funding. - Link

OpenAI's new ChatGPT voice assistant jokes, chides, apologizes, pretends to blush, and deals with interruptions, aided by building GPT-4o as a single model. - Link

Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization. - Link

Uber announces plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025. - Link

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Startup Demo of the Day:

Wegic is an AI web designer and developer, powered by the latest GPT-4o model. - Link

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