VCs Are Settling for Smaller Stakes in Hot AI Startups
Intense competition makes it harder to win the desired slice of the pie
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Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Natasha Mascarenhas writes about the tricky new dynamics of venture investing in AI.
Apple lowers fees in China: The iPhone maker, in a major concession to Beijing and Tencent, is lowering its App Store fees in the world’s biggest smartphone market.