Ep. 27 - Strip Out One Deal and SEA Raised $800M. A Chip Stock Just Got 95x Oversubscribed. And OpenAI Spent $4 Billion Admitting AI Is Hard to Deploy.
There’s a version of this week that looks like a good week for Southeast Asia’s startup ecosystem.
The Q1 2026 funding report shows the highest quarterly capital raised since late 2022. Malaysia’s hottest IPO in sixteen years prices and lists next week. OpenAI and Anthropic both announce major new enterprise offerings backed by some of the biggest names in global private capital.
Here’s the version where you actually read the numbers.
One data centre deal accounts for over 70% of the quarterly funding total. The chip company getting 95 times oversubscribed has three-quarters of its revenue…
The skinny
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