By Elissaveta M. Brandon On New Year’s Eve 2022, my husband and I brought a controversial gift to a friend’s house party: a white orchid bestowed on us by my mother-in-law, so we don’t show up empty-handed. (Moms.) Orchids are notoriously hard to care for, so I was aghast when a few hours into … Continue reading From tacky to tasteful: how fake plants are growing into a $1 billion industry
By Yasmin Gagne July 19, 2023 On July 19, the five-year-old Israeli company Oddity, which aims to use AI technology to create personalized beauty products, went public on Nasdaq. The company, which owns viral makeup brand Il Makiage and hair and skincare brand SpoiledChild, previously raised $130 million from investors, including L Catterton, the … Continue reading Oddity CEO: How 40 million users, one billion data points, and AI are why investors excited for IPO
KPMG to Invest $2 Billion in Cloud and AI Services Deanna Ritchie / Jul 14, 2023 KPMG, a worldwide leader in professional services, has formed a multi-year alliance with Microsoft to modernize its workforce practices, strengthen its development, and incorporate artificial intelligence (AI) solutions into its offerings. KPMG will invest $ 2 billion in … Continue reading KPMG to Invest $2 Billion in Cloud and AI Services
Broadcom Announces $1 Billion Investment in Spain’s Semiconductor Industry John Boitnott / Jul 7, 2023 The well-known American chipmaker Broadcom has just recently taken a significant step to improve the domestic chip-making capabilities of European nations. On Thursday, the Chief Executive Officer of the company, Charlie Kawwas, made an exciting announcement: Broadcom will be … Continue reading Broadcom Announces $1 Billion Investment in Spain’s Semiconductor Industry
By Jeff Beer July 08, 2023 Strolling around the south of France a few weeks ago—populated with execs from the best, brightest, and richest brands, ad agencies, media companies, and social and tech platforms gathered here for the Cannes Lions Festival of Creativity—you could almost hear the constant chant of “AI, AI, AI, AI . … Continue reading These 40-year-old ideas could help the $73 billion advertising industry survive the rise of AI
By Associated Press July 07, 2023 Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million), claiming the financial technology provider violated laws related to corporate governance and consumer rights. The People’s Bank of China imposed the fine on Friday. “We will comply with the terms of the penalty in all earnestness and … Continue reading Ant Group, Jack Ma-founded fintech giant, gets fined almost $1 billion by China regulators
Meta has five months to put in place measures to halt future data transfers and six months to end U.S. storage of the data it already has. Constantine von Hoffman on May 22, 2023 The European Union fined Meta $ 1.3 billion on Monday saying Facebook’s parent company broke the bloc’s laws by transferring E.U. … Continue reading EU fines Facebook $1.3 billion for privacy violations
By Adam Bluestein February 19, 2023 You don’t bet against Zach Weinberg. In 2010, at age 24, he sold Insight Media, the display advertising and exchange bidding company he cofounded with Nat Turner, to Google for a reported $81 million. Their next venture, Flatiron Health, a data-science software company that pioneered the use … Continue reading This startup just raised more than half a billion dollars to change how new drugs get discovered
By Shalene Gupta February 01, 2023 On average, Black-owned businesses start with $35,000 in capital, compared to white-owned businesses, which start with $107,000, according to a McKinsey study. Yet Black-owned businesses could add a potential $190 billion to the economy, according to a new study by Shopify. Shopify interviewed over 500 Black entrepreneurs to understand … Continue reading Shopify: Black-owned businesses could add $190 billion to the economy but still struggle to get funding
President Biden signs CHIPS Act to boost semiconductor production The measure sets aside $52 billion for domestic chipmakers. I. Bonifacic @igorbonifacic Elizabeth Frantz / reuters Following successful votes in the Senate and House of Representatives, President Joe Biden has signed the CHIPS and Science Act into law. The $280 billion measure will provide significant … Continue reading Biden administration reveals details of its $50 billion chip investment plan
