Search results for William Blair
Crypto
Circle discloses first-half revenue structure, $819 million spent on partners and transaction costs
Circle paid $819 million out of about $1.4 billion in first-half revenue to USDC distribution partners and for transaction costs, The Block reported on Oct. 16. Circle also reinvested about $473 million in infrastructure, regulatory compliance and product development, the report said. Circle said it made about 7 cents of net profit per dollar of revenue. It will report third-quarter results on Nov. 4.
AI & Enterprise
S&P warns of AI-era shadow lending market, says small firm risks are the real danger
S&P has warned that as big IT companies’ AI investment financing grows larger and more complex, their credit ratings could come under pressure, Axios reported. Amazon, Microsoft, Alphabet, Oracle, SpaceX and Meta are expected to spend more than $7 trillion by 2030 on data centres and AI capital expenditure. S&P analysts flagged rising uncertainty, reliance on debt and shadow lending that supports smaller, unproven firms.
AI & Enterprise
Shares fall, losses widen: China\'s open-weight AI dilemma
Open-weight AI models promoted by Chinese developers are drawing technical attention but are facing worsening profitability, Business Insider reported. Unlike open-source software, wider use raises inference costs because each response requires chips, power and data centre resources. Z.ai posted $107 million in revenue and nearly $500 million in losses last year, while its shares have fallen more than 40 percent in the past month. MiniMax also reported losses and a sharp share drop. Moonshot AI paused new registrations after releasing Kimi K3 due to a lack of computing resources.
