Red Bull take minority ownership stake in Leeds United
Red Bull invested in Leeds United, becoming a minority owner and front-of-shirt sponsor, aligning with the club's ambition for Premier League success. [ more ]
Romanian startup FintechOS raises $60M to help old banks fight back against neobanks | TechCrunch
FintechOS raised $60 million in a Series B+ investment round to help older banking and insurance companies adapt to new fintech offerings.
The company's low-code platform allows for transformation without complete core replacement, offering a broader spectrum of product line transformations. [ more ]
Google announces $2bn investment in Malaysia, as gov't hails 26,500 jobs
Google to invest $2bn in Malaysia for data centre and cloud region, aiming to unlock new possibilities for businesses and individuals with transformative power of AI. [ more ]
Internal emails reveal the fear that prompted Microsoft's OpenAI investment and pushed Google into an AI panic
Microsoft invested heavily in OpenAI due to concerns about Google's advancements in AI, reflecting a reactive approach in the competitive AI landscape. [ more ]
'Shark Tank' star Kevin O'Leary wants to buy TikTok in a crowdfunded deal
Kevin O'Leary, also known as 'Mr. Wonderful,' is seeking investors to assist in purchasing TikTok in response to US regulations requiring China-based ByteDance to divest. [ more ]
With hallucinations waning, AI is expanding into scientific research
Artificial intelligence is increasingly being used in scientific research to enhance analytical capabilities and streamline the research process. [ more ]
Deciphering the finance of commercial mortgages: A comprehensive guide
Investing in commercial property through mortgages offers benefits but carries risks, requiring thorough research and planning for informed decisions. [ more ]
Criteo SA: A Strong Buy on Robust Growth and Untapped Social Media Potential - TipRanks.com
Brian Pitz upgraded Criteo SA to Buy with $45.00 price target, citing growth drivers like Performance and Retail Media segments, AI-driven tools, and potential in Social Media opportunities. [ more ]
Building a Wine Collection? Choose the Road Less Traveled
Owning rare items can present a dilemma when they significantly appreciate in value over time, prompting decisions between selling for profit or retaining for personal pleasure. [ more ]
The Inflation Reduction Act (I.R.A.) is spurring significant investments in clean energy projects with potential costs estimated to reach $1.2 trillion by 2031. [ more ]
Big East Bay apartment complex is bought for more than $50 million
A veteran real estate firm, Hines, purchased The Rise Walnut Creek apartment complex for over $50 million, indicating a profit for the developer, Rescore Property. [ more ]
AI translation unicorn DeepL reaches $2B valuation with new $300M investment
DeepL announced a $300mn investment, reaching a $2bn valuation, focusing on B2B AI translation services with high accuracy and nuanced results. [ more ]
How safe are property bonds? A comprehensive guide for 2024 - London Business News | Londonlovesbusiness.com
Property bonds offer stable returns through investments in real estate projects, providing a secure alternative to traditional stocks and bonds. [ more ]
Missed Out on AppLovin? Buy PubMatic Instead. | The Motley Fool
Shares of AppLovin look intimidating, with limited near-term upside. PubMatic offers a potential alternative investment opportunity with further room to grow. [ more ]
Steph Curry Just Bought a Building in Dogpatch That Will Serve as His Business Headquarters
Steph Curry is investing in SF real estate by buying a building for his business headquarters, paying significantly more than the previous sale price. [ more ]
Google, Microsoft And Meta Take Three Approaches In The Generative AI Battle. Which Is Best?
Tech giants like Google, Meta, and Microsoft are vying for dominance in generative AI by targeting advertising, user data, and enterprise clients. [ more ]
Microsoft: Sluggish AI adoption could cost the UK economy 150 billion
AI and cloud technology could significantly boost the UK's GDP over the next decade if factors like infrastructure, commercial awareness, and skilled workforce are addressed. [ more ]
Better Social Media Stock: Meta Platforms vs. Snap | The Motley Fool
Meta has shown better performance in the stock market compared to Snap, with a 24% increase for the year and a significant growth since its 2012 IPO. [ more ]
Portuguese VC firm Shilling launches 50M opportunity fund to back growth-stage startups | TechCrunch
Portugal's growing startup ecosystem is attracting more investment, with Shilling launching a €50 million Opportunity Fund to support growth-stage startups. [ more ]
Inside the WNBA's mission to make 2024 its biggest season ever
The WNBA has experienced significant growth in viewership, attendance, and revenue, with investments in marketing, analytics, and digital transformation playing a crucial role. [ more ]
Fika Ventures co-founder Eva Ho will step back from the firm after its current fund is deployed | TechCrunch
Eva Ho plans to step away from Fika Ventures after Fund III for personal reasons, maintaining control over her existing investments and board seats. [ more ]
SoftBank reportedly preparing for Arm to tackle AI chips
Arm to introduce AI chips in 2025; potential spinoff into SoftBank subsidiary. South Korea investing $7 billion in chip boost. Foxconn reaffirms Wisconsin presence amidst changes. [ more ]
CoreWeave expansion tops off impressive week for UK tech investment
The UK government celebrates a £2 billion investment in tech sector last week including a £1 billion deal from US AI firm CoreWeave, showing the growing global appeal of UK's tech industry. [ more ]
El Salvador Launches Website to Track $360M Bitcoin Treasury
El Salvador is the first country to adopt Bitcoin as legal tender, showcasing financial improvements and transparency through its Bitcoin treasury tracker website. [ more ]
Atlan scores $105M for its data control plane, as LLMs boost importance of data | TechCrunch
Atlan founders built the company based on prior experience with data governance and believe in the importance of solving complex data problems within organizations. [ more ]
Atlan scores $105M for its data control plane, as LLMs boost importance of data | TechCrunch
Atlan founders have deep roots in data governance since their work on India's national data platform, leading to a tool for managing and collaborating on data.
Atlan aims to simplify the complexity of organizations' data ecosystems by creating a single source of truth and facilitating collaboration and problem-solving. [ more ]
Xi's European tour: where is Chinese leader going and what are visit's aims?
Xi Jinping's three-country tour of Europe focuses on trade disputes, Russia-Ukraine tensions, and commemorating diplomatic relations with France. [ more ]
Weekly AI Recap: Financial Times-OpenAI deal, Microsoft pours billions into Southeast Asia
Google is planning to pay News Corp for AI support, FT partners with OpenAI for content access and AI tool development, Microsoft invests in AI infrastructure in Malaysia. [ more ]