Wednesday, June 28, 2023

Y Combinator received a record 24K applications for its latest cohort accepting less than 1% of which around 35% focus on AI and 50% use AI in their business (Bloomberg)

Bloomberg:
Y Combinator received a record 24K applications for its latest cohort, accepting less than 1%, of which around 35% focus on AI and 50% use AI in their business  —  More than one-third of the famed startup accelerator Y Combinator's latest batch of companies are focused specifically on artificial intelligence.



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...