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Tech Giants & Startups Surge: Gemini Soars, Snap Stumbles, & Deep Tech Gets Billions

Here's a news article synthesizing the provided information:

Google's Gemini Surpasses 750 Million Monthly Active Users; Snap Reports Revenue Growth but User Decline

Google's AI chatbot, Gemini, has rapidly gained traction, exceeding 750 million monthly active users (MAUs) in the fourth quarter of 2025, according to the company's earnings report. This figure represents substantial growth from the previous quarter when Gemini reported 650 million MAUs. While impressive, Gemini still trails behind ChatGPT, which is estimated to have around 810 million MAUs in late 2025. Meanwhile, Snap reported revenue growth in its fourth quarter but experienced a decline in daily users, according to its latest earnings report.

Snap's revenue reached $1.7 billion in Q4, a 10% increase year-over-year, according to TechCrunch. The company's average revenue per user also saw a slight increase, rising from $3.44 to $3.62. Net income increased significantly, reaching $45 million, up from $9 million the previous year. Snap's paid subscription service, Snap, continued to contribute significantly to revenue, with subscribers growing 71% year-over-year, reaching 24 million.

In other news from the tech world, Mundi Ventures completed a €750 million first close for Kembara Fund I, its fifth and largest fund to date, according to TechCrunch. The fund, focused on deep tech, could potentially reach a final closing of €1.25 billion. Yann de Vries, Kembara co-founder and general partner, noted that securing €750 million in two years as a first fund in the current environment was challenging.

Additionally, Duna, a business identity verification startup founded by Stripe alumni, raised a €30 million Series A round, according to TechCrunch. The funding round was led by Alphabet's growth fund CapitalG. Duna, based in Germany and the Netherlands, counts Plaid among its customers.

In the gaming sector, Valve's Steam Machine has been delayed, and pricing will be impacted by the RAM crisis, according to The Verge. Valve announced it would revisit its shipping schedule and pricing plans for the Steam Machine, Steam Frame, and Steam Controller.

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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