Monday, October 19, 2020

Technology companies now account for nearly 40% of the S&P 500 and are set to end the year eclipsing a record of 37% from 1999 (Amrith Ramkumar/Wall Street Journal)

Amrith Ramkumar / Wall Street Journal:
Technology companies now account for nearly 40% of the S&P 500 and are set to end the year eclipsing a record of 37% from 1999  —  Companies that do everything from manufacturing phones to operating social-media platforms now account for nearly 40% of the S&P 500



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Spain-based Multiverse Computing, which shrinks LLMs to reduce energy and compute costs, raised a $570M Series C at a $1.7B valuation (Amelia Isaacs/Pathfounders)

Amelia Isaacs / Pathfounders : Spain-based Multiverse Computing, which shrinks LLMs to reduce energy and compute costs, raised a $570M Se...