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Don't Miss These 5 Tech Trends of 2024
Q & Alpha
January 03, 2024
Happy New Year! We missed Tuesday’s release d/t Monday’s Holiday, but now back to our regularly scheduled programming!
∆ Tech in the News
Chip Ban Spreads - The Dutch government withdrew the export license for certain chip-making equipment from lithography specialist ASML to China.
In-Fidelity - Mutual fund company Fidelity marked down its shares in X, to 71.5% below their original valuation at the time of Elon Musk's 2022 acquisition.
AI In The Sky - Korea’s capital city Seoul will start using drones and AI to monitor traffic conditions in real time from 2024.
Memeboat Mickey - The "Steamboat Willie" versions of Mickey and Minnie Mouse copyright status expired on Jan. 1 and memes are trending.
New Year’s Lottery Win - A Michigan Powerball lottery ticket won $842M in the first-ever winning ticket sold on New Year’s Day.
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˚The Hottest Thing in Tech this Week
5 of the Top Tech Trends on the Rise in 2024
AI hype was the buzz for 2023, but in 2024 expect to see this go from a novelty to a legitimate gamechanger in consumer and enterprise tech. And while AI had a front seat, we are expecting some old stories take center stage in 2024. Here’s 5 trends we are watching:
Small Language Models - AI models will get smaller and more specialized to fit on mobile devices with Google’s Gemini Nano, Samsung’s s24 AI phones. Finally, Apple just released its “LLM in a Flash” plans for running AI on iPhones.
AI copilots and Agents - A big trend will be using AI to assist in daily life. Microsoft just released its new Copilot AI app for iPhones, iPad and android which will help users with everyday tasks.
Robotic Agents - Another trend is agents in the home. LG just revealed its Bipedal AI robot as part of its zero-labor home vision. This cute little bot scoots around your house, monitors the environment and security and controls appliances and devices.
Hardware and Devices - Expect this battleground to remain fierce. Apple’s ex-VP of iPhone just joined Sam Altman and Jony Ive to build an AI device. Meta’s high-tech Raybans. And Apple just won a patent for an external display on AR goggles — the system will display if the wearer is busy or on a zoom call etc via various icons indicating they are currently immersive.
Crypto ETFs - Jan will be an interesting month as all eyes are on the US SEC to approve spot ETF applications from major US financial titans in the US. But, we just heard today they may delay this decision again.
"Our groundbreaking smart home AI agent combines cutting-edge autonomous mobility and AI technologies with advanced communication capabilities and services to help free customers from household chores."
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Deals We’re Watching
Founders to Watch and Opportunities to Catch
Open Deals:
Canvassing - Canva is reportedly nearing a $1B employee and Investor stock sale valuing the startup at $26B, after a smaller deal of the same nature last year.
Bitcoin Shares - MicroStrategy’s Michael Saylor Is Selling off $216M of the company’s Shares - the largest publicly-traded holder of Bitcoin.
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Closed Deals:
Apollo Therapeutics Lands - The biopharmaceutical company added $33.5M to its Series C (total raised $260M) led by Patient Square Capital with M&G plc.
Shield AI Closes Series F - Defense tech startup founded by a former Navy Seal landed $100M in equity and $200M in debt funding at $2.8B valuation.
BetterYou - The AI Startup raised $6M for its “healthy habits companion”, using AI tracking and friendly nudges to change health behaviors.
Companies to Watch:
AEGIX Global - The Utah State Board of Education approved a $3M contract to provide its ZeroEyes AI-powered gun detection tech at some state schools.
Anthropic is Moving On Up - Google/Amazon-backed AI startup Anthropic projects an annualized revenue run rate of $850M by EOY 2024, up from $500M in October.
The Funding Buzz
Foxe Capital Fintech Launch - Former Anthemis partner Ruth Foxe Blader soft-launched a new fintech-focused venture and will continue investing on behalf of Anthemis, focusing on fundraising and opportunistic investing in global markets.
Insurance Innovator - GuideOne, a niche-market mutual insurance carrier has received $200M as the first member of Bain Capital Insurance’s The Mutual Group which seeks to revolutionize the landscape of mutual insurance.
Countdown Capital Closes Doors - The early-stage VC firm investing in hard tech, is shutting down.
Tools and Buzzy Tech
Rabbit - Set to release a pocket AI assistant at CES 2024.
Copilot - Microsoft's chatbot is now an app for iPhones, iPads and Androids.
MyShell - Open source AI voice cloning arrives with new OpenVoice model.
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It’s a new year, new Buzz! Stay tuned for more of our latest releases and don’t forget to check out Fantasy Buzz if you have not done so already! And be sure to check out our year-end stories for 2023 to recap what you missed last year:
Stay buzzy and Happy New Year!
The Tech Buzz Team