Alibaba’s Cloud Move
Alibaba Cloud has appointed Daniel Zhang, the company’s CEO, as acting president. This move comes after Ritareports that Alibaba Cloud has a new president. As the third-largest public cloud infrastructure provider in the world, this development is significant for the tech industry.
Implications of the Appointment
Daniel Zhang’s appointment as acting president is expected to bring about changes in the company’s leadership and strategy. With his experience as CEO, he is likely to drive growth and innovation in the cloud computing space. This move could also have implications for Alibaba Cloud’s competition with other major players like AWS and Microsoft.
Spotify Rings in 2023
Spotify wants to help you welcome 2023 in style with its curated playlists. Aishawrites that the platform has created special playlists such as ‘Party Hits,’ ‘Floor Fillers,’ ‘Pop Party’ and ‘Rock Party’ to usher you into the new year. Additionally, Spotify has also partnered with popular DJs like TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz to create exclusive DJ mixes.
How to Enjoy Spotify’s 2023 Playlists
To access these playlists, simply head over to Spotify and search for ‘Party Hits’ or any other playlist that catches your eye. You can also explore the "Discover" tab on the platform to find more curated content. Don’t forget to follow your favorite artists and DJs to stay updated with their latest releases.
Indian Crypto Regulation
Under its G20 presidency, India has said it will look to prioritize the development of a framework for the global regulation of unbacked crypto assets, stablecoins, and decentralized finance. Manishwrites that this move is significant as it could set a precedent for other countries to follow suit.
The Need for Global Crypto Regulation
The rise of cryptocurrencies has brought about both opportunities and challenges. While they offer a new way for people to invest and participate in the global economy, they also pose risks such as market volatility and regulatory uncertainty. A global framework for crypto regulation could help mitigate these risks and provide clarity for investors.
Startups and VC
Recall.ai Raises $2.7 Million
Recall.ai has raised $2.7 million in a seed funding round to help with its unified API that works with Zoom, Google Meet, and Microsoft Teams. Catherinewrites that this funding will enable the company to drive growth and innovation in the meeting management space.
Down Rounds
Mary Annspoke with GGV’s Hans Tung and Robin Li about the firm’s position in a challenging venture environment. This conversation highlights the challenges facing startups and investors in the current market climate.
Redefining ‘Founder-Friendly’ Capital in the Post-FTX Era
The FTX debacle has brought attention to the importance of active interest from investors in company operations. Blair Silverberg, co-founder of Bluesky, writes that this is an opportunity for VCs to redefine what it means to be "founder-friendly." He argues that founders should expect more from their investors and work towards building a more collaborative and supportive ecosystem.
The Future of Venture Capital
The future of VC looks uncertain as the industry grapples with the implications of the FTX collapse. However, this crisis also presents opportunities for innovation and growth. VCs will need to adapt to changing market conditions and prioritize support for founders in their efforts to drive growth and innovation.
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