LatAm Tech Weekly

#208: Is AI a bubble?, Coatue Publics Update, BG2 Pod, deals of the week... and much more!

Weekly writing about what is happening in LatAm tech. By day, I lead the business development team at Itau Unibanco. By night, I am reading and learning about technology in general (now, with a focus on AI). During the weekends, I’m writing the LatAm Tech Weekly.

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Happy Sunday!

To be honest, there are weeks when I’m not particularly proud of the content of my newsletter — but I’m proud that I showed up. Then there are weeks when I know exactly how much time I poured into it, and those editions end up being really, really good. Like most things in life, the quality of the outcome is a direct reflection of the time and energy you invest.

Now, I know what some of you are thinking: “But… there’s AI.” And yes — there is. I use it all the time to refine my writing, smooth transitions, and double-check the flood of news I go through each week. But there’s no AI that can replace the real work — digging deep into sources, connecting dots, and understanding what it all means in a broader context.

This week’s edition took me roughly eight hours to put together, and I’m genuinely happy with how it turned out. So… do you think AI is a bubble? I hope you enjoy reading this one as much as I enjoyed writing it.

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Opinions expressed here are solely my own and does not represent those of people, institutions, organizations that I may or may not be associated with in any capacity, unless explicitly stated.

Is AI a bubble?

I’ve been thinking a lot about this whole “is AI a bubble?” question lately — but let’s be honest, thinking in isolation is kind of useless when you’re surrounded by people who are, well, way smarter than you. (Self-awareness is free alpha, after all.) So, instead of pretending to be the oracle of Silicon Valley, I decided to do what any self-respecting tech nerd does: binge-listen and over-read until I could at least sound like I know what I’m talking about.

I started with the 18th edition of Coatue’s Public Markets Update by Philippe Lafont, then jumped to the always-spicy BG2 Pod with Bill Gurley and Brad Gerstner. From there, I went down the rabbit hole of Derek Thompson’s Plain English episode — “This Is How the AI Bubble Could Burst” — watched Howard Marks on CNBC preaching rational optimism, and wrapped it up with Apollo’s bearish take warning that investors might already be drowning in AI exposure.

After all that, I figured I’d earned the right to have an opinion — or at least to write about everyone else’s.

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Reading all this, I see convincing arguments on both sides of the question: Is AI a bubble? Here’s how I parse the debate — and why, in the end, I lean toward “no, it’s not (yet) a bubble.”

Why some believe it is a bubble

There are three main threads to the bear case:

First, the magnitude of spending versus actual realized profits. In the Plain English podcast, Derek Thompson highlights how AI-related capex is enormous, but much of the revenue remains speculative or circular. This kind of mismatch — huge investment today, unclear monetization tomorrow — is the classic opening scene of every bubble story. The BG2 Pod added fuel to that debate by pointing to what Bill Gurley and Brad Gerstner called “vendor-financed demand.” What they mean is that some of the eye-popping AI “revenues” we’re seeing might actually be funded by the vendors themselves. Take Microsoft’s investment in OpenAI: part of its commitment came not in cash, but in Azure compute credits. OpenAI spends those credits back on Microsoft’s cloud, which then shows up as revenue for Azure. In accounting terms it’s neat; in economic terms it’s basically Microsoft buying from itself. The same dynamic appears in Nvidia’s agreement with CoreWeave, where Nvidia guaranteed it would purchase any unused GPU capacity — effectively backstopping CoreWeave’s revenue stream and helping it secure financing. These circular flows make it harder to know how much real, independent demand exists, and that’s exactly what has people like Apollo cautioning that investors might be extrapolating growth that’s partly self-funded.

Second: concentration risk and structural fragility. Apollo’s work emphasizes that much of the performance data is coming from the Mag 7 (or Mag 10) technology players, which means the “story” is highly concentrated. When the top 10 stocks dominate to the extent they do today — a situation reminiscent of the 2000s tech bubble — the risk of a correction magnifies. Add to that heavy capex (one of Coatue’s “six types of bubble” criteria) and you have ingredients that raise red flags: infrastructure-heavy investment (data centers, semiconductors, model training), novel innovation, high valuations, and speculative expectations of distant profits.

Third: valuations and expectations. While some argue valuations aren’t quite at dot-com extremes, they are elevated. The S&P 500 is trading toward the high end of its historical forward P/E band, and tech/TMT stocks (with AI exposure) often trade at premiums. Coatue points out that non-tech stocks trade around ~18x earnings while tech stocks hover ~22x—and within that, many AI-exposed companies carry even higher multiples. When you’re paying for “the next industrial revolution,” you’re implicitly assuming a strong upside. If that upside falters, the premium collapses.

Why I believe it is not (yet) a bubble

However, while the bear case is compelling, the bull case—and the reality of what we’re seeing—suggests this is likely a transformational investment cycle rather than an irrational mania…

First: the innovation has real utility and adoption. One of Coatue’s key points is that the “useful” part of AI is visible: consumer uptake (ChatGPT’s near-billion user run), enterprise interest, and an entire stack of software, infrastructure, semiconductors, power and networking all gearing toward AI. When real users adopt, the risk of total collapse is lower. The cloud analogy is instructive: remember how cloud computing took years to show significant profits, yet the eventual payoff was huge. AI may be following a similar shape.

Second: the funding base is strong and mostly equity/operating-cash-flow driven. Unlike previous bubbles where debt, leverage and wild speculation were rampant, much of the current capex is being backed by cash-rich tech leaders. Coatue emphasizes this: capex isn’t being financed by exotic credit structures en masse (yet), which means there is less systemic risk. The fact that spending is tied to companies with strong free cash flow gives more breathing room even if returns are delayed.

Third: valuations are elevated but not absurd, given the size of the opportunity. In the Public Markets Update, Coatue makes a key distinction: yes, TMT is trading at a premium, but compared to the dot-com era the premium is modest (perhaps ~20 %). In other words: paying a 20 % premium to participate in a transition of this scale may be rational, not reckless. Howard Marks echoes this: valuations are high, yes, but they aren’t in “mania” territory yet.

Fourth: multiple shots on goal. Beyond the headline AI players, the opportunity in AI is broad: semiconductors, inference hardware, software layers, data-ops, model management, power infrastructure, and enterprise adoption. This breadth suggests we’re not dealing with a single hype vehicle but a multi-year ecosystem build-out. That makes for a healthier setup than a one-trick speculative market.

Where the risk lies

It would be irresponsible not to highlight how things could go wrong. If inference unit economics stay weak, the build-out turns speculative rather than productive, or if vendor-financed demand turns out to be “phantom” demand, then the risk of a sharp reset grows. Also, if a major macro-shock hits (tariffs, regulation, capital-markets contraction) then elevated multiples can unwind quickly.

My conclusion

So here’s where I land: I believe AI is not a bubble at this moment. Why? Because the technology has real utility, the funding base is serious (not debt-heavy speculative hedge bets), valuations are high but not absurd, and the opportunity is broad rather than narrow. That said, it is absolutely a risk-rich transition zone. Investors should proceed with discipline: focus on unit economics, demand quality, and timing (the “when” in the J-curve).

In short: the question isn’t if AI will reshape the economy—it likely will. The question is how quickly and who captures the value. To me, this isn’t a bubble; it’s a generational shift. That’s my personal opinion.

General news:

● Brazil risks falling behind in regulating stablecoins, even as the Central Bank holds three public consultations on the topic. While the U.S., EU, and Japan have advanced frameworks, Brazil still lacks defined rules. With global stablecoin transactions surpassing $5.7T in 2024, experts urge swift action to safeguard innovation and financial sovereignty. 🇧🇷

● Brex is expanding its presence in Brazil, moving into a larger São Paulo office and planning to grow its local team to 200 employees by year-end. By 2026, Brazil should account for 20% of Brex’s global workforce, as the fintech builds a regional innovation hub. 🇧🇷🇺🇸

● California became the first U.S. state to regulate AI chatbots designed for personal interaction. Governor Gavin Newsom signed Bill SB 243, mandating strict safety and age-verification measures for companies like OpenAI, Meta, and Character AI. Effective January 2026, the law sets a national precedent for AI accountability. 🇺🇸

● At Expand North Star 2025 in Dubai, UAE AI Minister Omar Al Olama unveiled the country’s strategy to lead global innovation over the next decade. The UAE aims to grow from 1,500 to 10,000 AI startups, embed ethical frameworks across government, and attract world-class talent. 🇦🇪

Deals:

● Nekt, a Brazilian data and AI platform, raised R$1.3M from Norte Ventures, just three months after a R$5M round. Norte—formerly a client—joins to help scale Nekt to 400 companies by 2026. The platform unifies data engineering, analytics, and AI insights, with 140% growth in 2025. 🇧🇷

● Telepatia AI, a Stanford-incubated startup, raised a $9M seed round led by A-Star with Canary, Picus Capital, Abstract VC, and SV Angel. Its “AI Doctor” assists physicians by transcribing consultations and suggesting diagnostic protocols, already serving hospitals across Colombia, Argentina, Mexico, Spain, and now Brazil. 🇨🇴🇦🇷🇲🇽🇪🇸🇧🇷

● Goldman Sachs will acquire Industry Ventures for $665M plus up to $300M in performance-based payouts. The 25-year-old VC firm, managing $7B, specializes in secondary and hybrid early-stage investments and has backed Uber, Airbnb, and DoorDash. 🇺🇸

● Bull, a Brazilian fintech founded by ex-FortBrasil executives, raised R$10M in a pre-seed round led by Canary and Endeavor’s Scale Up Ventures. The company offers an AI-powered platform to help businesses launch credit products quickly, aiming to originate R$1B in loans within a year. 🇧🇷

● zMatch raised R$10M and added three new partners to accelerate Brazil’s car subscription market. The funds will support ZAI, its AI platform that helps dealerships and automakers scale the model nationwide, entering a new phase under Renata Porto and former Olívia founders. 🇧🇷

General news:

● 99Food is expanding its delivery operations to Rio de Janeiro, marking a new phase in its goal to become Brazil’s next superapp. Backed by China’s DiDi, the company plans to invest R$2B by mid-2026, beginning with a R$350M pilot in Rio and nearby cities. 🇨🇳🇧🇷

● Revolut faces delays in securing a full UK banking license as regulators raise concerns about its risk controls amid rapid global growth. The fintech, valued at $33B, plans to invest £3B in the UK while expanding to 100M users by 2027. 🇬🇧

● BlackRock reached a record $13.46T in assets under management in Q3 2025, up 17% year over year — surpassing the combined GDPs of the UK, Germany, Italy, and France. The firm added $205B in net inflows, driven by ETFs and private markets. 🇺🇸

● Women now lead over 10M businesses in Brazil, yet only 4.7% of funded startups have female founders or CEOs. To change this, Abstartups and B2Mamy launched programs offering mentorship, training, and wellness support to increase women’s participation in tech and innovation. 🇧🇷

● Goldman Sachs unveiled “One Goldman Sachs 3.0”, a multiyear AI-driven transformation of its operations. CEO David Solomon said AI will reengineer processes from sales to risk management, improving scalability and productivity. The bank reported $12.25 EPS and $3.5T in assets. 🇺🇸

● GITEX, the world’s largest tech and innovation event, will host its first Latin American edition in São Paulo in March 2027. GITEX LATAM will bring together global leaders in AI, cloud, and cybersecurity, strengthening Brazil’s role as a new innovation hub. 🇧🇷🇦🇪

Deals:

● Guapeco, a Brazilian pet-care startup, raised R$1.55M in a round led by Investidores.vc with Bossa Nova follow-on. Serving 200+ companies like Accenture and PicPay, it offers employee pet-care benefits and aims to become the “Wellhub for pets.” 🇧🇷

● Crown, a Brazil-based project developing the BRLV real-backed stablecoin, raised R$200M in digital tokens from institutional investors including Framework Ventures, Valor Capital, Coinbase Ventures, and Paxos. Backed 100% by government bonds, it targets corporate settlements for tokenized assets. 🇧🇷

● GoPersonal, a Uruguayan startup, raised $300K in a seed round led by 500 Global to scale its AI retail automation platform Calvin, which cuts execution times by up to 60% for e-commerce players. 🇺🇾

● Mappa, a Miami-based startup founded by Brazilian Sarah Lucena, raised $3.4M led by Draper Associates to scale its AI-driven behavioral intelligence tool. Mappa analyzes 30+ vocal biomarkers in under 60 seconds to enhance candidate assessment. 🇺🇸🇧🇷

● Looqbox, a Brazilian AI analytics startup serving Magalu, C&A, and Santander, is preparing to raise up to R$100M in a Series A to scale its data insights platform. It projects R$25M in 2026 revenue. 🇧🇷

● Nomo, a Brazilian-founded startup based in the U.S., raised $3.7M to combat screen addiction through group challenges that reward reduced screen time. Early studies show a 47% drop in depression symptoms among users. 🇧🇷🇺🇸

General News:

● Itaú’s CTO Carlos Eduardo Mazzei emphasized at the AWS Financial Services Symposium that AI must learn not only to remember but also to forget, ensuring contextual and relevant customer service. Itaú’s GenAI platform now supports over 600 use cases, enhancing — not replacing — human decision-making. 🇧🇷]

● Silicon Valley–based DrumWave, founded by Brazilian André Vellozo, launched dWallet in Brazil — a digital wallet that lets users own, manage, and monetize their data. The platform enables co-signed digital contracts over shared data and is piloting with Dataprev to pioneer a global “data marketplace.” 🇧🇷🇺🇸

● Brazil retained its leadership in Latin American M&A with 1,300 deals worth $37B between January and September, up 8% year-over-year. Despite a regional decline in deal count, total value rose 24% to $78B, led by strategic acquisitions and Vale’s $1B sale of 70% of Aliança Geração de Energia to GIP. 🇧🇷

● Amazon is preparing major job cuts across corporate divisions, including up to 15% of its HR staff, as it reallocates spending toward $100B in AI and cloud investments. CEO Andy Jassy said AI will reshape Amazon’s structure, favoring employees who embrace technological transformation. 🇺🇸

● Walmart partnered with OpenAI to enable shopping through ChatGPT’s Instant Checkout, integrating Sam’s Club and major retail categories like apparel and food. In September, 15% of Walmart’s referral traffic came from ChatGPT, up from 9.5% in August. 🇺🇸

● Chilean startup Lidz.IA now powers 25% of all new real estate sales in Chile, using AI and WhatsApp automation to qualify leads. Built “by brokers for brokers,” it is reshaping a traditionally resistant real estate sector through intelligent automation. 🇨🇱

● Half of Brazil’s 20 most promising startups are fintechs, according to LinkedIn’s Top Startups 2025 ranking. Companies like Onze, Volpi, and Lina lead innovation in pensions, real estate credit, and Open Finance infrastructure. 🇧🇷

● A decade after arriving as a Venezuelan refugee, Alejandra Yacovodonato now leads Fly Educação, an NGO that has trained 8,300 people and impacted over 330,000 through emotional education, tech, and entrepreneurship programs in partnership with Alura, MRV, and Instituto Syn. 🇻🇪🇧🇷

● Biofy Technologies, a Brazilian medtech startup, showcased at Oracle AI World its AI diagnostics that cut bacterial infection detection time from days to four hours. Using Oracle Cloud, it also develops AI “digital twins” for antibiotic discovery. 🇧🇷🇺🇸

● Foreign investors now hold 51.1% of equities on Brazil’s B3, the highest level since records began, up from 47% a year ago. The shift reflects outflows from local funds and record trading activity by global quant investors. 🇧🇷

Deals:

● Lumx, a Brazilian fintech building stablecoin-based banking infrastructure, raised a $3.4M seed round led by CMT Digital and Indicator Capital, with participation from Bitso, Nomad, and CAF Ventures. Funds will support LatAm expansion and regulatory compliance. 🇧🇷

● Revolut made its second acquisition of 2025, buying German traveltech Swifty to enhance its conversational AI capabilities for loyalty and financial assistant products, strengthening its AI-driven financial ecosystem. 🇬🇧🇩🇪

● Rei do Pitaco, one of Brazil’s top fantasy sports platforms, secured an $18M non-dilutive investment from PvX Partners to fund marketing and user growth. PvX will share future revenues but take no equity. 🇧🇷

● AI Infrastructure Partnership (AIP), backed by Microsoft, Nvidia, MGX (Abu Dhabi), and BlackRock, will acquire Aligned Data Centers for $40B — one of the largest AI infrastructure deals to date — as part of a plan to invest up to $100B globally in AI data and energy assets. 🇺🇸🇦🇪

● Inter Bank is using Generative AI to combat financial crime, boosting reports of suspicious activity by 1,480% in 2024. Its AI agent Penélope Liz Dias detects money laundering, while other tools map criminal networks for regulatory reporting. 🇧🇷

● Preservaland, a Brazilian-American climatech, is raising a $2M seed round ahead of COP30 to expand its forest offset platform in Europe. It connects landowners and infrastructure firms, reducing project approval times from five years to 180 days. 🇧🇷🇺🇸

● Eden, a Mexican healthtech, raised a $22M Series A co-led by Sierra Ventures and Liquid 2 Ventures, with participation from Grupo Bimbo’s CEO. Its AI radiology system serves 13M patients in 18 countries and plans U.S. expansion. 🇲🇽🇺🇸

General news:

● Startup funding in Brazil rebounded from June–September 2025, with startups raising $712M (+86% YoY). Including debt and FIDCs, total capital reached $1.24B (+38%), signaling a selective but solid venture recovery led by AI-focused rounds. 🇧🇷

● Mercado Pago launched an AI-powered personal assistant trained on its ecosystem, debuting in Brazil with 60 voice-enabled features to manage money and automate tasks, with expansion across LatAm next. 🇦🇷🇧🇷

● Amazon reignited Brazil’s e-commerce race by cutting the free-shipping threshold to R$19, matching Mercado Livre and Shopee. Daily active users rose 12% in early October; Itaú BBA says the move narrows MELI’s pricing edge, though it still leads in logistics and assortment. 🇧🇷🇺🇸

● A hacker group, Sarcoma, claimed a cyberattack on Unimed, alleging theft of 2.8TB of data; Unimed denies any breach. The episode renews concerns over healthcare cybersecurity in Brazil. 🇧🇷

● ONEVC detailed its founder-first model, highlighting hands-on post-investment support in People, Go-to-Market, and Fundraising across 52 portfolio startups, and cementing a reputation for operator-led early-stage backing. 🇧🇷

● Brazil’s tech ecosystem is maturing: startups raised R$9B in 2024 (+17%), aided by Itaú BBA’s Nicho Tech (R$7B unit) providing financing, M&A advisory, and venture debt to high-growth companies. 🇧🇷

● Mastercard discussed supporting a potential sale of Will Bank, evaluating up to R$1.7B in financing; EB Capital exited talks, and other buyers are being assessed. 🇧🇷🇺🇸

● Aleph expanded its global partnership with Reddit, becoming exclusive ad-sales partner across 45+ markets in Europe, MENAT, LatAm, and APAC as Reddit DAUs grow 32% YoY. 🌍

● Govtech Colab plans to raise $10M+ in early 2026 to scale Colab Gov.AI, a no-code platform (on AWS Bedrock/Guardrails) that cuts service delivery time by 94% and targets global public-sector adoption. 🇧🇷🌍

● Brazil’s new “FÁCIL” regime will simplify IPOs from January 2026 for startups and SMEs under R$500M in annual revenue, reducing bureaucracy and disclosures to revive equity markets. 🇧🇷

Deals:

● Jeitto raised R$37M in debentures with Japan’s Credit Saison to expand a new payroll loan product for private-sector workers, reflecting fintechs’ shift toward debt over equity. 🇧🇷🇯🇵

● Argentine fintech ONE raised a $1.2M seed round led by Alaya Capital with Draper Cygnus and Sancor Seguros Ventures, scaling its blockchain payments platform with instant USDT settlement across cards, PayPal, Pix, and crypto. 🇦🇷

General news:

● Raízs, a Brazilian healthy-food e-grocer, built an AI system that predicts demand for 3,000 produce items with 90%+ accuracy, boosting margins by 50% and cutting waste. The platform helps small farmers anticipate weather and market shifts, positioning Raízs as a profitable outlier in its sector. 🇧🇷

● Wireless Logic will invest R$200M in Brazil over three years following its acquisition of Arqia, a local IoT mobile operator. The funds will expand Arqia’s network across seven major cities, reinforcing its position with 3.3M connected machines and 57 private networks. 🇧🇷🇬🇧

● Meta introduced new parental controls to manage teen interactions with AI across its platforms. Parents can now block AI chats or view conversation topics, expanding Meta’s transparency and safety tools for younger users. 🇺🇸

● Paxos accidentally minted $300 trillion in PayPal’s PYUSD tokens during a transfer, later burning them within 20 minutes. The firm cited an internal technical error; no customer funds were impacted. The glitch underscored the need for stronger crypto-governance automation. 🇺🇸

● Brazil’s Central Bank tightened cybersecurity rules for PSTIs, key intermediaries linking fintechs to the financial system, after frauds exposed R$1B in losses. Only Tivit and Topaz (Stefanini Group) are fully compliant so far, gaining a competitive edge. 🇧🇷

● Forlex, Brazil’s official AI partner of the OAB, is launching HIVE, a multi-agent AI platform for courts and governments. Finalist in AWS’s Generative AI Accelerator, Forlex will receive up to US$1M in cloud credits to scale its infrastructure. 🇧🇷

● Master is seeking new buyers for Will Bank after EB Capital and Luciano Huck withdrew. Talks now include Abu Dhabi’s Mubadala Fund, though early-stage, as Master seeks time with the FGC to avoid intervention. 🇧🇷🇦🇪

Deals:

● UnblockPay, a Brazilian fintech founded by ex-Stone and NG.Cash partners, is closing a US$3–4M seed round to scale its global payments API bridging fiat and crypto rails. Already serving Mercado Bitcoin and clients in Mexico and Colombia, it aims to make transfers “as easy as texting.” 🇧🇷🌎

● Mexican fintech Plata raised $250M at a $3.1B valuation in a round backed by Kora, Moore Strategic Ventures, and TelevisaUnivision. Plata uses AI-driven cloud banking to serve 2M users and issue 10% of new credit cards in Mexico. 🇲🇽

● Deel raised a $300M Series E led by Ribbit Capital, increasing its valuation to $17.3B. Profitable for three years, Deel serves 37K clients and processes $22B annually, expanding its AI-driven payroll platform to 100+ countries. 🇺🇸

● Turbi raised R$156M in debentures, led by Itaú (R$125M) with Credit Saison participation, to expand its fleet to 7,000 cars. Now Brazil’s 4th-largest B2C rental firm, Turbi projects R$500M in 2025 revenue. 🇧🇷🇯🇵

You will see below an updated list of events. If I forgot your event, and you want to include it - please sure to send those my way asap!

• Digitalks Expo 2025
  Date: October 14–15, 2025
  Location: Expo Center Norte, São Paulo, Brazil
  Description: Focused on digital business, Digitalks Expo serves as a strategic meeting point for executives, marketers, entrepreneurs, and investors exploring trends and innovations. Over two days, the event will offer more than 120 hours of content across eight stages, featuring 180 speakers discussing topics such as AI & Robotics, Marketing, Enterprise Tech, Fintech, Innovation, Startups, and Cybersecurity.
  More info

• Dreamforce 2025
  Date: October 14–16, 2025
  Location: San Francisco, CA, USA – hybrid format with online access via Salesforce+
  Description: Dreamforce is Salesforce’s global conference showcasing the latest in CRM, digital transformation, and enterprise innovation. The event offers technical sessions, product showcases, and talks by industry leaders on AI, analytics, productivity, sustainability, and customer relationships, attracting developers, clients, and business partners worldwide.
  More info

• REC’n’Play 2025
  Date: October 15–18, 2025
  Location: Recife, Brazil – Historic Downtown District
  Description: REC’n’Play is a free festival blending technology, culture, and innovation, transforming Recife’s historic center into a celebration of knowledge. The event includes lectures, workshops, debates, and concerts, bringing together startups, investors, and professionals to exchange ideas, create business opportunities, and enjoy cultural experiences in a vibrant urban setting.
  More info

• Money 20/20 USA 2025
  Date: October 26–29, 2025
  Location: Las Vegas, NV
  Description: One of the world’s leading fintech and payments conferences, Money 20/20 gathers global leaders across banking, payments, tech, and startups to explore the future of money and financial services.
  More info

• Bloomberg Línea Summit 2025

  Date: October 27, 2025

  Location: W Hotel, São Paulo, Brazil

  Description: For the fourth consecutive year, Bloomberg Línea brings together CEOs, C-level executives, investors, economists, and analysts from leading national and global companies to discuss future economic trends. The summit offers high-level insights and a unique environment for strategic networking and debate on the years ahead.

  More info

• Web Summit Lisbon 2025
  Date: November 10–13, 2025
  Location: Lisbon, Portugal
  Description: One of the world’s most influential tech conferences, Web Summit Lisbon connects 70,000+ attendees from startups, enterprises, and media to discuss trends shaping the tech industry.
  More info

• Brazil Tech Summit 2025
  Date: December 9, 2025
  Location: São Paulo, SP
  Description: Part of the Global Startup Ecosystem Series, Brazil Tech Summit brings together entrepreneurs, government leaders, and investors to foster tech-driven innovation across Latin America.
  More info

• Apollo Academy

• Acquired: Google the AI Company

• BG2Pod

• Coatue Publics Update

“I think it’s unlikely, based on my experience, that this is a bubble. It’s much more likely that you’re seeing a whole new industrial structure.” — Eric Schmidt, former CEO & Chairman of Google.