Meta and data, chips and dips, crypto and meltdowns

Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Today, we are talking about Meta’s latest fines, what’s new in chips, and a few startup rounds that caught our eye!

Stocks aren’t moving too much this morning, which could change if the American government voluntarily defaults over some bullshit. Crypto hasn’t moved too much lately, though we are keeping tabs on overall trading volume.
Meta was hit with a record fine over how it handled EU user data. Data residency is a big deal and will likely crop up in future conversations concerning generative AI models and where they source their own data and from whom.
China has banned some Micron products, irking the United States. The two economic powerhouses are working to distance themselves from one another in key technology areas. Elsewhere in chip-land, Applied Materials is investing in the United States and there are labor concerns regarding the sheer number of chips projects kicking off here at home.
Patient21 raised a massive round for its software-and-services healthcare business, while Infinite Uptime raised more money for its “predictive maintenance solutions for machinery.”