📈 Data to start your week

The Magnificent Seven, energy vs tech capex, xAI ambition & tariffs++

Good morning,

Welcome to the third edition of our Monday morning data roundup, designed to sharpen your focus for the week ahead. Thank you for the insightful and encouraging feedback—we’re glad it’s resonating and are excited to keep it coming!

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1. The Magnificent Seven – Apple, Microsoft, Amazon, Alphabet, Tesla, Meta and Nvidia invested $37.5B in startups this year—more than the VC funding of any individual country, except the US. That’s 12% of global VC.

2. In a decade, the ratio of energy company to tech capex went from 6.5 to 1 to 0.6 to 1.

   

3. More than 230 million people use genAI services regularly in China, points out

   Asia Tech Review
   .

4. Yet, public Chinese technology companies are struggling to attract capital. The Nasdaq 100 has soared around 78% since ChatGPT was introduced, compared with Hang Seng Tech Index’s 16% gain. As China expanded politically and economically under Xi, its global favourability ratings fell.