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TECH NEWS

Kazakhstan signs accords with Firebird on Nvidia-related computing projects that could bring up to $10B in investment, as it seeks to build a Data Center Valley

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Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades

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Sources: Jeff Bezos is investing in Cambridge, UK-Based CuspAI, which applies generative AI to material sciences, as part of a $400M round at a $2.6B valuation

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WordPress survey: 60% of US consumers say “AI” in a brand's messaging is a turnoff, 86% always or sometimes check the original source after seeing an AI summary

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A look at Wyoming's Frontier Stable Token, which launched in January and currently has a market value of ~$1M, as other states explore “white labeling” the tech

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TECH NEWS

Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins

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Kapwing: in tests, ~60% of the first 500 TikTok For You videos shown to a new account were AI slop, ~3x the slop shown to a new YouTube user via YouTube Shorts

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