TC Roundup: YouTube: 1 billion viewers, no profit

TC Roundup: YouTube: 1 billion viewers, no profit

YouTube: 1 Billion Viewers, No Profit: Google Inc. nurtured YouTube into a cultural phenomenon, attracting more than one billion users each month. Still, YouTube hasn't become a profitable business. (The Wall Street Journel)

IBM targets $40 billion in cloud, other growth areas by 2018: International Business Machines Corp (IBM.N), which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018. (Reuters)

500 Startups Launches A $15M Korea-Focused Fund Called 500 Kimchi: With its extremely high smartphone penetration rate, speedy broadband connections, and advanced economy, South Korea is one of the richest breeding grounds for tech innovation in Asia. 500 Startups, which has already made several investments in Korean companies, is digging deeper into the country with the launch of 500 Kimchi, a $15 million fund that will focus on mobile companies. (Techcrunch)

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