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EnergyStorage Behind Your Meter Skips the Grid Queue

Storage Behind Your Meter Skips the Grid Queue

Base Power raised 1 billion dollars at a 13 billion valuation to install home batteries in two US states. Europe's residential battery market shrank 6 percent. The difference is not hardware, it is who owns the box.

5 min read
CapitalEvernote's Owner Just Bought Your Airtable Base

Evernote's Owner Just Bought Your Airtable Base

Bending Spoons is paying 1.285 billion dollars for Airtable, a business with about 480 million dollars of recurring revenue. The multiple, not the press release, tells you what happens at your next renewal.

4 min read
CapitalSnap's Ad Growth Was 9 Percent, Not 19

Snap's Ad Growth Was 9 Percent, Not 19

Snap reported 19 percent revenue growth for the second quarter. Advertising, the part you buy, grew 9 percent, and management says the World Cup spending behind it normalizes in the third quarter.

4 min read
GamingFive Million Copies Sold, and Still a Net Loss

Five Million Copies Sold, and Still a Net Loss

Krafton grew quarterly revenue 94.9 percent and still posted a net loss of 29.9 billion won. The company attributes it to non-operating losses from the acquisition that produced the hit. A lesson in reading a record.

5 min read
AI PolicyThe US Frontier AI Threshold Is Now Classified

The US Frontier AI Threshold Is Now Classified

The voluntary US frontier model framework met its 1 August deadline. The benchmark and the threshold deciding which models are covered are classified. Brussels published its equivalent line as a number you can compute.

5 min read

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