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} .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> Privat= e markets decouple from S&P 500, AI to lead medtech's next growth wave,= VC funding for China's AI sector stalls & more </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">November 9, 2025 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2Hd= HE7PvOYG-2BO-2BoE543wkOtnWCdl5n4ePsiKVA-3D-3DBAS7_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcpl= xAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2= BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5= mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMjHkALqloO= XG4cjVZ5-2BqaeAS95jXR6HLSeHuxieT-2BcnZmnY1QCuuTYS7v5c3Tp92afgOraPWsmziQQwuX= 49b5xtZsQ6nePIvyCEtiKxRURdgfUsGHzlvIE8EKux-2Bm-2FsgWFG7RKG767y2JK7TwWa32TSD= LimtbAJs9AZGeYuJ9zEyFw14SEBBk5aA-2FRZNQN0IA31OylwOtflnCisyS1yko0RU2T898Pi4A= 88Hf53P-2FzWfhJMcOavK9Fkz-2Balh42j4no-3D" target=3D"_blank" style=3D"text-d= ecoration: underline; 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font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Weekend Pitch</s= pan></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>VC, = PE and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>= Presented by <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEq= 2LORuAkCnby8CjW590Aig-3D-3DN_pZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MA= sT05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZA= pPY9xH7vp7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3= -2BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMj40zpOELz96NNA620fn-2Bqgsup= vEpZW-2FtJ6juDmziJp6dWaCOz2rY3zC-2FGLXFRx7aC-2FAUAaLwtTBT2IQoK0NYuPbMMOacEb= DDI75V4INBmBqlLKS9zozPdDDUQ2ngOBdd5FLKQuCluupVNqfDwd-2FwzGYiVhqMAf7wNxBN8oi= D6gMONJ1IpMFfe-2FmMPC7Van5fWwdgGiDxBEV8JoTgbbiDXh7trZIoxIIewLZfjI0sKoI6pC8O= csZKiIn2cy-2Fgvej4w-3D" target=3D"_blank" style=3D"text-decoration: underli= ne; color: #1D5080; font-size: 14px; font-family: Roboto, Arial;">Arcesium<= /a></span></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEilIbr= ZiXdgjqvzSdH3Gu-2Fg-3D-3D72PN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT= 05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApP= Y9xH7vp7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2= BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMiWwVNLzvA6pYNyQKVYNDvC2PcTZ0m= OdgKwc0ufD2hgtBjJl-2FjbqWndY45Xj5SeJ60vaCILbU-2Fy8hdqIXMKXa0naOaANCUwRu7nVU= mYqrM1bGH-2BZfUF1EtUU9n-2BWGEF0C0TvXiWkgt2CtCsGCAwZJw0WSFEO1zbk5HMk1fJVfac1= 2gbp1SUGs-2FBTXohs5-2B5rnDTfIHgPQIOAot-2Bb8RcwSqZVbLf8c144PZHrSa6egpuPtRV0Q= 78vr8lUwR7HVqpAh8-3D" universal=3D"true"> <img align=3D"center" alt=3D"" sr= c=3D"https://img.pitchbook.com/news/71281.png" style=3D"border: none; max-w= idth: 420px;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Chloe Ladwig/Pi= tchBook News)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">These = days, it seems like everyone has an AI browser.<br><br> OpenAI released its GPT-integrated browser, = Atlas, in late October. Perplexity made its Comet browser free for all user= s in early October after launching it in July. The Browser Company released= Dia, its AI-centric browser, in June=E2=80=94and then was promptly acquire= d by Atlassian for $610 million.<br><br> As AI fundamentally alters how we interact w= ith the internet, investors say there=E2=80=99s now a rare opportunity to d= ethrone big tech incumbents who have built empires on search and advertisin= g.<br><br> =E2=80=9CThis feels like the first time in a= very long time where there=E2=80=99s an opportunity to unbundle it all, th= at there=E2=80=99s this path to take on companies like Google directly,=E2= =80=9D said Gustav von Sydow, partner at EQT Ventures, which most recently = invested in the AI agents-centric browser startup Strawberry.<br><br> AI is driving the emergence of a new interne= t ecosystem, according to investors. It=E2=80=99s disrupting the old models= of search engine monetization and web surfing=E2=80=94and investors want a= piece of what comes next.<br><br> I'm Jacob Robbins, and this is The Weekend P= itch. You can reach me at <a href=3D"mailto:jacob.robbins@pitchbook.com" st= yle=3D"color: #1D5080;" test=3D"">jacob.robbins@pitchbook.com</a> or on X <= a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoE9aJIuVXl8vrA4Al= XodUGHw-3D-3DpKAQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH-2Bo= eNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mn= vV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5= GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMiAobo4epWYIyBXHLBAAsoJArI92YLNWpr0cFOGQve= OpPjDC4ZwSCLdqFCXD4RSqQEwaMqpb8yijOWFTk2UMUvymcK-2FDVuF6rQ-2F-2BJ7K8Zy-2B2S= enwgZKJLBkqIwZmmQgxB8jXzDf0RJZxLAZ9LbGBwOK5XzMVFZGJBNzgbcVcuSZFuBZLrecT-2BG= ze08qxG6DPlrFnu2FCgkl9rdNA6tQ-2Ff7xljbow0XwCGnSX6zT0fZWuxaL293ljhQaV-2F3CAR= DdYNs-3D" style=3D"color: #1D5080;" test=3D"">@JacobERobbins</a>.<br><br> =E2=80=9CFrom navigation to collaboration, A= I is rewriting the economics of the internet,=E2=80=9D said Zeynep Yavuz, a= partner at General Catalyst, which also recently backed Strawberry. =E2=80= =9CThis is a generational shift in how we interact with the internet.=E2=80= =9D</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEilIbrZiXdgjqvzSdH3Gu-2Fg-= 3D-3DvyUd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQrNp= -2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SCaR= -2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV22b= 5WsMp-2BsMMvCdLWwolUBAuWoMjoXUwVLpwESg4c2ft-2BmFXdOk6kRmrTYftPkNFzrMATqQPOg= bQSiXYLqIUfwuwk-2F6NdCdBPDXp77uxdNLF9SG8JmueXGMaTNbfIzll83H77HPy1dDcw-2BfLy= DxOdgnnfzVE3d-2Bhm-2BlwxnyPMFPqR8pgDCjpmnh-2F5k53uge9u1bhrEFxMsbzrSRRJQU8bD= UgY1MbHpzStCrEx1HK-2Bcf6UrZw3xzDWKmV6wl-2BGiR4kqFEyC7dj8zyIG5wJYLU6Eyl8quI-= 3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-= decoration: none; color: black; padding-left: 3px" target=3D"_blank" univer= sal=3D"true">Read the full article<img height=3D"24" src=3D"https://fonts.p= itchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; m= argin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from Arcesium</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574379" id=3D"n_574379" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Whitepaper: How Loan Tape Crac= king Works in Asset-Based Finance </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEq2LORuAkCnb= y8CjW590Aig-3D-3DDCoi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH= -2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7= z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4= DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMg-2B8DyJUneFXA-2BLY6FRCB99P1Es5UlWUJy= pU-2BU8HU0EblenmHFPnAovsv2tLnOc0E11NDiiZ-2BG4tji6MX9PBfjYHJbqWyxR1uNwzP800i= Fr8m8iZOf2OfstaJ0c0R3qnJfwSaxxEyw-2FWkcG7B03PS6GOimoqV-2BtSPLWg6VOEDSRyCUKS= RwHL9TiQyTv7ybDXR1cVOTMPj8R0m7n3hBUVCfbpB-2F49rfaMYnScvDImasgY6LqqfoKv-2F2C= oKlCS2LzERU-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchboo= k.com/news/71215.jpg" style=3D"border: none; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>From bid to settlement, loan tape cra= cking shapes every decision in asset-based finance. Yet inconsistent format= s, manual reconciliations, and fragmented systems make it one of the most t= ime-consuming and error-prone processes in private credit. This whitepaper = breaks down the full loan tape lifecycle and shows how leading firms are us= ing automation and unified data to transform operational complexity into a = competitive edge.<br><br> Read Arcesium=E2=80=99s whitepaper to discov= er how you can:=20 <ul> <li>Decode the end-to-end process of loan tap= e cracking</li> <li>Identify and address key operational pain= points</li> <li>Automate validation and normalization to = improve accuracy and speed</li> <li>Integrate loan tape data with accounting = and risk systems for greater transparency</li> </ul><a href=3D"https://url6380.news.pitchboo= k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9= C2HdHE7PvOYG-2BO-2BoEq2LORuAkCnby8CjW590Aig-3D-3DZIz4_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18Fsy= NcplxAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO5= 7i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCR= IzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMg0pbT= 2xhAF5vSjyo8Mv2NQ2XbtbmBEILyw2zjNaf9UVdiIdWxQtdWKObpnDAoP-2BdKM2OvHf9w6qQBN= ipMe8lqVQ8imyYfCLMYeyWFEzzlOr7ocQ9r83og515irZPcDTqp25kOCkOp-2BMxfrwPzNO0Aw9= YWPVg3F209MW0L45j9masm3IXaxVHqe6hK2qiT6JYeNQ6ugEpIwR5yz2pdqDDpATquMdzKEKity= U8rkfdAeOKAK-2FErQccbKuQL2-2B3ISs90-3D" style=3D"color: #1D5080;" test=3D""= >Read the whitepaper</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> = =20 <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">VC fun= ding for China's AI sector is stalling. Driven by weaker economic condition= s and restricted foreign investment, private market funding for Chinese AI = companies has fallen. How much capital has been invested in these startups = so far this year?<br><br> A) $7.8 billion<br> B) $25.1 billion<br> C) $10 billion<br> D) $6 billion<br><br> Find your answer at the bottom of The Weeken= d Pitch!</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEJ-2Bi= KiDqxAE6tANHB-2Fn6PmA-3D-3DkIXG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MA= sT05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZA= pPY9xH7vp7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3= -2BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMgCwlfH8925T2RJmXJFkqU5-2Bbn= 5YwfFf38TXfBgwvkG9gp8BiPxrsNGHtLMME-2FcNcIpIJQFAAv-2BM32O2G3k7x0513OYeJGJzu= CXVv5ltvza7BI35zVmoM1mbAmMcT51sITPigg6VU5-2B4d35kaa5Vc3TNHK7aP7sxWH8Y4PuuI3= T6I4ogqpqxPJ2bDaBKHXWNKjgWL7vbtJZyWgCbJ08FaKzEoasOoSwBh9Dv67MVyKuZ-2Fhez-2B= oqnJ6rTSezocpG-2Fpc-3D" universal=3D"true"> <img align=3D"center" alt=3D"" = src=3D"https://img.pitchbook.com/news/71171.png" style=3D"border: none; max= -width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Private capital decouples<br> from public markets</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Correl= ations between public and private markets have eased in recent quarters, si= gnaling a return to the independence long expected of private strategies.<b= r><br> As public equities react to shifting global = trade and tariff policies, private market performance is showing a greater = degree of autonomy.<br><br> According to our <a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoE2n4rX5FSbpskONYX0uJTHA-3D-3DM-57_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpD= v94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g= 8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SCaR-2B5drD9oQ13eb= eAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCd= LWwolUBAuWoMiMFxAr0N-2FgMMFqLNjeU3QCfkK2FAKbtLF2vT2K-2FxWHv8iEYKKHSxV0tkA7C= 8r6NAsOb9-2BmnR46tnjdB2rklaye9byncusChSs37DFVvRKXM5W8n60KJwtJ39OJVPRN65mbT9= GtZP4gIPNxcWbtWb7Wj2TOf9Dc4qdtu2YUhGz9HGyZyD5BvnxJvz0wesrN69FZixjSwAHdvKEGJ= c5Zajc8oSe7RG-2BvBcgKMI43n-2Bysw1Q5SWbQdmK9XQRjdZidajc-3D" style=3D"color: = #1D5080;" test=3D"" universal=3D"true"><b>Q2 2025 Private Capital Indexes</= b></a>, the rolling five-year correlation between private capital and the S= &P 500 has declined notably since late 2024.<br><br> That partly reflects a statistical reset=E2= =80=94recent periods are now outside the pandemic-era's extreme volatility = window, which temporarily lifted correlations across nearly all asset class= es.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEJ-2BiKiDqxAE6tANHB-2Fn6Pm= A-3D-3DD_Pa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQr= Np-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SC= aR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV2= 2b5WsMp-2BsMMvCdLWwolUBAuWoMgCD9-2FYb1AnHO1dCDgkJiAsuKPrWbUhbu71jXaXZ5itROE= r2IhfXdS-2FoBMHM5wA3VCsunqTnkdcMxZaicgNBGVy2fi7DwNZBgef8upkrV4Oc-2BEu1M0a7l= uqiz-2BfXJngRjnXWP7WnedX-2FJacjuZPJ97m7t9bDuYR2QGycC9zRBIOnjd8IQD-2FKBn2ijR= 9p5Q-2FehtgPt6uI1RpumJRwro1jlOZDbNUMXAaOC7eEMIMwev71EEcI5tGiXbWLzoDeusz5GM-= 3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-= decoration: none; color: black; padding-left: 3px" target=3D"_blank" univer= sal=3D"true">See what else our analysts discovered<img height=3D"24" src=3D= "https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-= align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>VC, PE are still betting on medtech</b= ></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">AI is = on the forefront of the medtech's industry's next growth wave.<br><br> Long-standing applications in imaging, diagn= ostics and neurology are converging with new device-level integrations=E2= =80=94from smart implants to surgical navigation systems, according to our = recent <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWqhs9C2HdHE7PvOYG-2BO-2BoEleB= 81HXgW-2F97Zc42TO-2FD8A-3D-3D_MUr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42= MAsT05PWrfQH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnW= ZApPY9xH7vp7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDB= F3-2BFFAq7u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMhUuexNUAGC5Au8QFnjcU9viqw= li8NA7gGFI6H9l2CqYFUUUujrFum0W6h8cTmy7Cl984YzJhMiRHAr9p77i-2BOj5nVNC-2BdguO= 4njIlSAUka7kL1oym0nCqj05ADth9sBN4zDRCkgBCCHw9XHkMEQ2IJcZef9nGBx6Gt-2FTxyWxT= Rri0JKATkAtX9-2BL7auWZYLKPGW-2Bp2DITKIx-2BFkaxwYx566jb548h1tvzNZtGO4MdBkGd7= 3YCATX8OIXA4MsY3hRY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue"><b>report on the sector</b></a>.<br><br> But amid this progress, funding for the medt= ech market is increasingly polarized.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzV7REuiyytdeoc9zesb04DOOOlVz0muYAsTGRgO9k1hxA-3D-3DN= pDM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFkPM= V2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQrNp-2BXdJ= 9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SCaR-2B5dr= D9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV22b5WsMp-= 2BsMMvCdLWwolUBAuWoMgpd8qrrWF9uSChTlQjRGtzdvpye2QqUCW4h1jvOdASkf-2BACvM6fwf= 3XHXDPV29Qo8tdLpcmS50IGCEAYvP3kGI4PcZigQqdjuabY-2FTGJsqGoLP2RqytCPU9k4hGBv3= gQC1Ms2Xe1GeOv1ngYLAdyh-2BSwTjYqY437HqTp9b-2Be8Dq01ZTiz0pcewZRwMMGf5-2BkrE-= 2BQi-2F7bN3U-2Fd3gvS4nYfPmcKxXLL1TL9kOkPIYz0GnArxZ6emr-2B33Vi8hsKek6AU-3D" = style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-deco= ration: none; color: black; padding-left: 3px" target=3D"_blank" universal= =3D"true">See our latest analysis of the sector<img height=3D"24" src=3D"ht= tps://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-ali= gn: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Quote/Unquote</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV7REuiyytdeoc9zesb04DOk69VDkuDC= AM5KZcWvwq6MA-3D-3DuqmB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrf= QH-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7v= p7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7= u4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMgaeZON1RBC0E5dcuHnfc-2FFr7GXx4IXgS3= kNVQNPgtYTlESJNVCPTJIxHJcwBDEvssCWtiojcQUYGLT9n-2FEwqHHgW5OGW4MCpCmA7jrIgGe= Kc-2FPj9kICfWyedKd3JfHogbPNdhA9z2DwNGRww65w824Wx1fZG3GwsIj5BQ9TEg5gxGgZAUYK= SyKHYMGCE09qxKUAo22xL15uLV8xP9CZziu-2BPVsj9KtCkM-2FBHx8BWw-2Bi8Zn7nElKgn4ip= fgnfeR7hk-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"htt= ps://img.pitchbook.com/news/71255.png" style=3D"border: none; max-width: 42= 0px;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"text-align: righ= t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;= font-family: Roboto, Arial, sans-serif; font-weight: 300">(Josie Doan/Pitc= hBook News)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">"The d= ominant issue in this campaign has been the cost of living, and you can def= initely say data centers fall under that."<br><br> =E2=80=94Chaz Nuttycombe, founder and execut= ive director of State Navigate, a nonpartisan nonprofit that collects data = on state governments and elections across America, speaking to PitchBook's = Jacob Robbins on the effect data centers have had on races up and down the = ticket in Virginia. The data center capital of the world is <a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzV7REuiyytdeoc9zesb04DOk69VDkuDCAM5KZcWvwq6MA-3D-3Ds= nNJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFkPM= V2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQH-2BoeNhrQrNp-2BXdJ= 9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp7z2mnvV88SCaR-2B5dr= D9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u4DWD5GbWAV22b5WsMp-= 2BsMMvCdLWwolUBAuWoMjeyvLwNgWANicpItn31qRXbRtTKHSLSVmfqC0Gn3ee4OBY7QXaiu-2F= 1-2BoEWo-2Bp9Il4vK99nrf8i9KgFlZC10QwA2y7ghIr0ZpFvEgheGrNI5tpEk93b2DTbiqJqfI= JC9p7mYBom3qPs2Kb5mvHm9hT3XQW4IN4EAUwF2EypSROkZdRD39dqOh7IEb6V39dhV2-2FElqO= pi0wh5E-2FDQ5W-2BT3-2FUGRTWINrQn5Hf4uTltySOYfDnr15vjcpOs4PWmVAaBmM-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>poised for a shift in= policy</b></a> with the incoming administration.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Stay tuned</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Keep a= n eye out for these insights and research reports coming out this week:=20 <ul> <li>Q3 2025 US VC Valuations and Returns Repo= rt</li> <li>Q3 2025 Carbon and Emissions Tech VC Tren= ds</li> <li>Analyst Note: AI in Drug Development</li> <li>Q4 2025 Quant Perspectives: Private Equit= y</li> <li>Q3 2025 Medtech Comp Sheet</li> <li>Q3 2025 Foodtech Comp Sheet</li> </ul></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Answer= : D.<br><br> Across 574 deals, $6 billion has been invest= ed in Chinese AI startups in 2025, a significant drop from last year's annu= al total of $10 billion. You can read more about what's driving the trend b= y <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV7REuiyytdeoc9zesb04DOz-2B1urVIMbK= CtoFLw6PQCdQ-3D-3DLjA3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc= bdWeUgFVa0m8PzsFkPMV2kIFdpDv94d7jQrPeyd18FsyNcplxAboHgfvagoTXd42MAsT05PWrfQ= H-2BoeNhrQrNp-2BXdJ9I0b7o4g8F303hAudGcMf9aO57i-2BGEhMEVeVZ0-2BnWZApPY9xH7vp= 7z2mnvV88SCaR-2B5drD9oQ13ebeAu5o5uWxXcBehzCRIzB5mv7CAt8Gb7J41cDBF3-2BFFAq7u= 4DWD5GbWAV22b5WsMp-2BsMMvCdLWwolUBAuWoMjbDbyPZqWnvgeLofd0dzvz-2FlFtopnJKvfu= yy9hcP4z4lLoeWy53EEw5GeN0D8gfNyLdeGcX5vgf7TfVQjxY8EukfHonbZw6ko15x1O9eQsizC= 3ZkzAVpyrC5I-2B14aYNdbbdzx53ChOyLdO75SwhIeZGCJtgIMk1b4WE-2Fq-2FQLiZ82TrpqpQ= Fl6xQXSwHZHDHkHViIZdKfMCQUvSYe7rYBthe79djGa9veaVOO2vaR9s4rzMdlQkhn2VicHT0LI= 9L-2FA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>readin= g Leah Hodgson's latest here.</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Sign up for our newsletter</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">This e= dition of The Weekend Pitch was written by Jacob Robbins. It was edited by = Kia Kokalitcheva and Laura Schinagle.<br><br><em>Were you forwarded The Wee= kend Pitch? 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width: 32%= ; min-width: 32%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 9 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 32%; width: 32%; text-align:= center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 61 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> People </div></td> <td style=3D"display: inline-block; 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