Thursday, September 14, 2023

How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue (New York Times)

New York Times:
How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue  —  As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.



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UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)

Mauro Orru / Wall Street Journal : UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center bui...