Tech
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Snap Struggles, Google's Gemini Soars, and Deep Tech Funds Boom

Google's AI chatbot, Gemini, has reached over 750 million monthly active users (MAUs), according to the company's fourth-quarter 2025 earnings report. This figure demonstrates the rapid adoption of Gemini, which has quickly become a major player in the AI space.

The number, revealed recently, follows the launch of Gemini 3, Google's most advanced model to date, which the company claims provides unprecedented responses. Last quarter, Google reported 650 million monthly active users for Gemini, indicating substantial growth in a short period. In comparison, Meta AI has reported nearly 500 million monthly users. However, while Gemini is gaining traction, it still trails behind its biggest rival, ChatGPT, which is estimated to have around 810 million MAUs in late 2025.

In other news from the tech world, Snap's Q4 earnings report showed revenue growth but a decrease in daily users, according to TechCrunch. Snap's revenue was $1.7 billion, up 10% year-over-year. Its average revenue per user was also up slightly, from $3.44 to $3.62. The company's net income was $45 million, up from $9 million the previous year, its earnings report showed. Snap's paid subscription service, Snap, saw subscribers grow 71% year-over-year, reaching 24 million.

Meanwhile, Alphabet declined to answer an investor's question about Google's AI deal with Apple during its fourth-quarter earnings call on Wednesday, according to TechCrunch. The question, which concerned how the tech giant is thinking about AI partnerships, such as the one with Apple to power AI for Siri, was completely ignored. This decision suggests that Alphabet isn't ready to discuss how this partnership will impact its core business, which is increasingly focused on AI. Over the years, the Google-Apple relationship has been mutually beneficial. Filings from the Department of Justice's lawsuit against the search giant revealed that the two companies' search partnership saw Google paying Apple $20 billion to be the default search engine on Apple devices.

In the European startup scene, Mundi Ventures closed on €750 million for Kembara Fund I, its largest deep tech and climate fund to date, according to TechCrunch. After securing a €350 million commitment from the European Investment Fund under the European Tech Champions Initiative in 2024, Mundi Ventures has just completed a €750 million first close for Kembara, its fifth fund and largest to date. Regulatory filings from Spain reveal that the fund, focused on deep tech, could even stretch its final closing to €1.25 billion. According to Kembara co-founder and general partner Yann de Vries, getting to €750 million in two years as a first fund in this environment was not easy.

Additionally, business identity verification startup Duna raised a €30 million Series A, backed by Stripe and Adyen executives, according to TechCrunch. The funding round was led by Alphabet's growth fund CapitalG, which has also backed Stripe since co-leading its Series D in 2016. Based in Germany and the Netherlands, Duna was co-founded by Stripe alumni Duco van Lanschot and David Schreiber. With customers including Plaid, the startup helps fintech companies.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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