The Brutalist Report

Techmeme

• Startups from the pre-ChatGPT era face a reckoning in private markets; PitchBook: half of US unicorns haven't raised in three years, 220+ are "fallen unicorns" (Hugh Son/CNBC) [44d]
• Alphabet is raising $80B in equity offerings, including a $10B investment deal with Berkshire Hathaway, to help raise money for its AI spending plans (Nick Turner/Bloomberg) [44d]