Melvin Capital, Hedge Fund Torpedoed By the GameStop Frenzy, is Shutting Down
Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times.....»»
Intezer raises $33 million to further develop its AI-based security operations solution
Intezer announced that it has raised $33 million in Series C funding, bringing its total capital raised to $60 million. The funding round was led by Norwest Venture Partners, with participation from all existing investors, including Intel Capital, Op.....»»
Hawk-eyed photographer snaps threatened bird feared lost
A hawk-eyed photographer has thrilled scientists by snapping a threatened bird of prey in Papua New Guinea, more than five decades since it was last officially documented, the World Wildlife Fund said Friday......»»
Cyber insurance set for explosive growth
Cyber insurance is poised for exponential growth over the coming decade, but it remains a capital-intensive peril that requires structural innovation, according to CyberCube. The mid-range projection suggests that the US standalone cyber insurance ma.....»»
Hanoi river level hits 20-year high as SE Asia typhoon toll nears 200
Residents of Vietnam's capital waded through waist-deep water Wednesday as river levels hit a 20-year high and the toll from the area's strongest typhoon in decades rose to at least 179, with neighboring nations also enduring deadly flooding and land.....»»
Drought sinks longest Polish river to record-low level
Poland's longest river, the Vistula, on Sunday hit a record-low water level in the capital because of drought, the national weather agency said......»»
Retail tech company Xcite Automotive plans to raise venture capital after AI acquisition
Xcite, known for reconditioning vehicles and photographing them for dealer websites, purchased Double4 AI to enhance its tech-driven products and services......»»
Sony is shutting down Concord, refunding players after just two weeks
Team-based shooter eight years in the making had just 25,000 estimated sales. Enlarge / This team-based FPS combat scene was apparently too familiar to attract all that many players to Concord. (credit: Sony) Sony's team.....»»
Can Concord make a comeback? There’s still hope for PS5’s failed shooter
Concord is shutting down and it's unclear if it'll ever come back. If it does, Sony and Firewalk need to make some big changes to achieve a comeback story......»»
Glacier flooding in Alaskan capital sets new record
In the early hours of August 6, a lake dammed by Juneau's Mendenhall Glacier burst through the ice, flooding hundreds of homes and businesses in the Mendenhall Valley where many of the Alaskan capital's residents live. This outburst led to the larges.....»»
Meta to discontinue its ‘Spark’ platform for creating AR filters for Instagram
Meta on Tuesday announced a major update coming to Instagram and its other apps. However, rather than adding a new feature, the company is removing one. That’s because Meta has confirmed that it will be shutting down its Spark platform, which lets.....»»
Authors propose multi-method framework for climate event attribution
At the two most recent meetings of the United Nations Framework Convention on Climate Change, delegates agreed to establish a fund to help developing nations suffering loss and damage due to events linked to climate change, such as floods, heat waves.....»»
Musicians to lose Finale notation app after 35 years
Mac and Windows notation app Finale has been used by musicians since Macs had nine-inch black and white screens, but now its developer is shutting it down and directing users to alternatives.Finale music notation softwareNo app for writing music scor.....»»
Ford emphasizes flexibility with new hybrids, expanded gas lineup
The automaker has positioned itself to continue making money on gasoline vehicles to help fund its EV ambitions, while ramping up hybrid sales for those customers not fully ready for battery power......»»
Ford lineup exudes ‘passion and purpose"
The automaker has positioned itself to continue making money on gasoline vehicles to help fund its EV ambitions, while ramping up hybrid sales for those customers not fully ready for battery power......»»
Google avoids “link tax” bill with deal to fund California journalism and AI
Critics say Google got off easy as it agrees to pay $55 million into news fund. Enlarge (credit: Getty Images | Josh Edelson) Google has agreed to fund local journalism and an artificial intelligence initiative in Califo.....»»
Animal Crossing: Pocket Camp shutting down, but there’s good news for fans
Nintendo is shutting down Animal Crossing: Pocket Camp, but longtime players will get another option......»»
Open Road Capital adds five dealerships in two deals
Retail auto investment firm Open Road Capital and Jesse Hord bought four New York dealerships, while Open Road expanded on the West Coast in a new partnership......»»
Stellantis idles Michigan engine plant for a week
The Trenton Engine Complex, which makes V-6 engines for the Jeep Wrangler and Ram 1500 Classic, is shutting down for a week to balance supply with demand, Stellantis said......»»
Seoul residents sweating with record "tropical nights" weather
Residents of South Korea's capital are resorting to novel ways to beat the heat as a century-old weather record fell Friday following a 26th "tropical night" in a row—when the temperature stays above 25 degrees Celsius (77 Fahrenheit)......»»
Solera Auto Finance bought by managers, Obra Capital; now called Arra Finance
Solera Auto Finance's leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships......»»