Hedge Fund That Bet Against GameStop Shuts Down
A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors [Editor's note: the link may be paywalled; alternative source]. From a report: White Square Capital.....»»
Stellantis Ventures invests in tech, sustainability startups
Stellantis Ventures announced Thursday the 10 startups it plans to invest in. They include AI dash cam developer Nauto and off-road trail guide company Trails Offroad as well as other sustainability and technology focused startups. The fund is also i.....»»
Japan’s Largest Manga Piracy Site Shuts Down Following Cloudflare Probe
Japan's largest manga piracy site 13DL is no more. The site closed its doors shortly after a DMCA subpoena required CDN provider Cloudflare to uncover the identity of the site's operator. Anti-piracy group CODA says that Cloudflare has yet to hand o.....»»
Bangladesh shuts schools, cuts power in longest heatwave in decades
Bangladesh has shut thousands of schools as it struggles through its lengthiest heatwave in half a century, with widespread power cuts only compounding locals' misery......»»
Galvanick raises $10 million for its industrial cybersecurity platform
Galvanick announced its $10 million seed round. Major investors included MaC Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and over 25 angel investors spec.....»»
Twitter may be worth only a third of its pre-Musk value, Fidelity says
A Fidelity fund has slashed its estimate of Twitter's value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October......»»
Dealer-backed VC fund raises $13 million, lower than target
Automotive Ventures had hoped to raise as much as $50 million for its DealerFund, but economic trends left investors more cautious......»»
Canada Pension fund increases held Apple shares by 50%, slashes Tesla stake by 53%
The Canada Pension Plan Investment Board boosted its held Apple shares by 50% in the first quarter of 2023, just after slashing held EV stocks like Tesla at the end of 2022.CPP sells Tesla, buys Apple stockApple continues to be a strong stock to hold.....»»
FTX: Singapore state fund Temasek cuts pay after failed investment
Last year, Temasek Holdings wrote off all of the $275m (£222.8m) it had invested in FTX......»»
Ford finds promise in subscriptions for commercial buyers
Ford Pro has 400,000 customers paying for software services and thinks it can triple that number by 2026 as the company seeks additional revenue streams to fund its transition to EVs......»»
Virgin Orbit rocket company shuts down
Virgin Orbit's bid to compete with the likes of SpaceX and Rocket Lab has ended in failure after the company officially closed down on Wednesday......»»
Snowflake deal appears imminent as Neeva shuts down search, pivots to enterprise LLMs
A Snowflake deal to acquire Neeva seems imminent after the search startup announced it will shut down its consumer search product and pivot to enterprise LLMs. A Snowflake deal to acquire Neeva seems imminent after the search startup announced it.....»»
Activision shuts down popular fan servers for legacy Call of Duty games
Meanwhile, official servers see reports of massive hacking and security issues. Prerelease video of Modern Warfare 2's SM2 mod, which has ceased development following an Activision cease-and-desist request. Activision has sent cease.....»»
Neeva: Ad-free search engine shuts down
Founded by a former Google exec, Neeva asked people to pay for the service rather than be shown ads......»»
Guinea shuts down internet access amid anti-government protests
Citizens are turning to VPN services to keep accessing key social media apps. Here's why Guinea's internet is going dark......»»
Sovereign wealth fund a way to acquire key technology? Taiwanese central bank says no
The Taiwanese government has announced its policy to promote Taiwan as a center for high-end manufacturing and advanced semiconductor processes in Asia. However, key materials, equipment, and technology are still dominated by foreign companies from J.....»»
Production on Apple Original "Severance" shuts down amid Writers Guild strike
Production on the second season of Apple TV+ hit drama "Severance" has been placed on hold during the second week of the Writers Guild of America Strike.Apple TV+ thriller 'Severance'The Writer's Guild of America is striking in Hollywood, with approx.....»»
Lucid Q1 losses widen to $779M amid EV price cuts
CFO Sherry House says company has $4.1 billion in liquidity, enough to fund the luxury EV maker at least into the second quarter of next year......»»
HUB Security raises up to $16 million to fuel technology development
HUB Security entered into an agreement for up to $16 million in gross proceeds from Lind Global Asset Management VI LLC, an investment entity managed by The Lind Partners, a New York based institutional fund manager (together, “Lind”). Th.....»»
Meta shuts down network of fake accounts that "signal a shift" in China-based influence efforts
Facebook's parent company Meta announced Wednesday that it has taken down a network of more than 100 China-based accounts that posed as organizations in the US and Europe and pushed pro-Beijing talking points......»»
Toyota investment fund, Nvidia among backers of Israeli software startup
Foretellix plans to use the funding to expand its product portfolio, expand to new countries and work with Toyota and Nvidia on Level 4 vehicle automation......»»