Wednesday, January 1, 2025

PitchBook: the number of VCs investing in US startups fell from a peak of 8,315 in 2021 to 6,175 in 2024; 9 firms raised 50%+ of the $71B raised by VCs in 2024 (George Hammond/Financial Times)

George Hammond / Financial Times:
PitchBook: the number of VCs investing in US startups fell from a peak of 8,315 in 2021 to 6,175 in 2024; 9 firms raised 50%+ of the $71B raised by VCs in 2024  —  Risk-averse financial institutions concentrate money on biggest Silicon Valley VCs in trend that threatens smaller groups



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DeepSeek releases V4.1-Flash-1017, an update it says offers "stronger benchmark performance, faster task completion, and shorter outputs" than its predecessor (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : DeepSeek releases V4.1-Flash-1017, an update it says offers “stronger benchmark performance, faster task comple...