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๐Ÿš€ Europe's Tech Funding Rollercoaster ๐ŸŽข

PLUS: Wednesday Wires ๐Ÿ’ฐ

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Here's what we're serving up today:

  • Europe's Tech Funding Rollercoaster ๐ŸŽข

  • Asteroids โ˜„๏ธ

  • Trending Tools โš’๏ธ 

  • Wednesday Wires ๐Ÿ’ฐ

Europe's Tech Funding Rollercoaster ๐ŸŽข

Europe's tech scene lately seems like it's on a rollercoaster designed by a mad economist.

First off, venture capital investments have taken a nosedive โ€“ we're talking a 50% plunge in 2023. Itโ€™s gone from splashing $82 billion in 2022 to a more modest pool of $45 billion this year.

Credit: Financial Times

But don't go thinking it's all doom and gloom. Amidst this budget diet, AI stood out like a neon sign in a power outage. Mega funding rounds are the norm here, with companies like Aleph Alpha, Mistral, and DeepL raking in the big bucks.

On a global scale, Europe's doing a bit of a humblebrag. While the U.S. and China have seen their venture funding shrink, Europe's tech investments have grown by 19% since 2020. It's like Europe is the cool, resilient cousin at the family reunion.

However, it's not just AI stealing the limelight. Climate tech is also having a moment, accounting for a whopping 27% of all capital invested in European tech this year. Seems like saving the planet is finally getting the financial love it deserves. ๐ŸŒ๐Ÿ’š

But, the IPO window in Europe is as open as a locked treasure chest! With virtually no significant IPOs this year, the stock market's been as quiet as a library during finals week with M&A activity snoozing at $36 billion.

Even Arm's U.S. listing couldn't stir up enough excitement to open the IPO floodgates.

So, as we wade through the ebb and flow of tech investments, one thing's clear: the European tech landscape is like a dramatic TV series - full of twists, turns, and the occasional cliffhanger.

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โ˜„๏ธ Asteroids โ˜„๏ธ

Amazon's just launched a new AI chatbot, Q, for AWS users. It offers smart solutions and actions, integrating with apps like Salesforce and Jira. Talk about having a digital genius! ๐Ÿค–๐Ÿ’ก

Apple is reportedly moving toward ending its partnership with Goldman Sachs. The iPhone maker sent a proposal to Goldman Sachs asking to terminate their partnership within the next 12 to 15 months. ๐ŸŽโŒ 

Heads up, Google users! Sign into inactive accounts before the end of the week to avoid deletion under Google's new policy. ๐Ÿšจ๐Ÿ“ฒ

โš’๏ธ Trending Tools โš’๏ธ

๐Ÿ“ˆ Feedspace - Organic Growth Booster For Your Business

๐Ÿค‘ ParsersVC - Predict Investments and Venture Matching

๐Ÿงพ Kipe - Efficient accounting made easy

๐Ÿ”ฎ Fortune - AI accounting software for business decision making

๐Ÿ’ฐ Wednesday Wires ๐Ÿ’ฐ

Pika raises $55M for its AI video-editing platform, bringing tools like style transformation and video extension to the creative scene! ๐ŸŽฅ๐Ÿค–

NXTP's new $98M fund boosts Latin America's startup scene, focusing on B2B tech and cloud ventures. Exciting times for the region's growing ecosystem! ๐ŸŒŽ๐Ÿ’ก

Lassie, the pet health app, fetches โ‚ฌ23M in Series B funding for expansion and product development. Pawsome growth for our furry friends! ๐Ÿพ๐Ÿ’ป

๐Ÿ“ฐ Recommended Reading ๐Ÿ“ฐ

1/ Learn how to maximize your credit cards and travel in style. Click here to subscribe.

2/ The Bay Area Times is the visual daily newsletter on business and tech. Click here to subscribe.

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