Why two startups are betting on debt instead of equity
When there’s a need for capital, not every startup goes the venture route. Boast.ai, a company that plugs into business systems and automatically finds them R&D tax breaks, announced Wednesday it has raised a $100 million credit facility from Breve.....»»
Apple aims to run AI models directly on iPhones, other devices
Apple has acquired 21 AI startups since the beginning of 2017. Enlarge (credit: FT montage/AFP/Getty Images) Apple is quietly increasing its capabilities in artificial intelligence, making a series of acquisitions, staff.....»»
Researcher proposes more equitable subway stations for the elderly and mobility handicapped
The number of elderly and mobility handicapped individuals has been increasing in South Korea. Statistics show that the number of elderly will increase over the next decade. Hence, the interest in equity for these people is becoming increasingly prom.....»»
Oleria raises $33 million to accelerate its product innovation
Oleria has raised $33.1 million in a Series A funding round. This latest investment, which brings the company’s total funding to over $40 million, is led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zsc.....»»
Hospitals owned by private equity are harming patients, reports find
Hospital ratings dive and medical errors rise when private equity firms are in charge. Enlarge (credit: Getty Images) Private equity firms are increasingly buying hospitals across the US, and when they do, patients suffe.....»»
Researchers discuss unity and the power of racial healing
A new Roundtable discussion in the journal Health Equity explores the results of a poll conducted by the National Collaborative for Health Equity (NCHE), called the "Heart of America Annual Survey." The survey found that more than 80% of respondents.....»»
Unpacking social equity from biodiversity data: An interdisciplinary policy perspective
Biodiversity data collection is growing exponentially. The increase is driven in part by international commitments to conservation, market investments and technological advances, and the growing urgency of human impacts including climate change. Nati.....»»
Why Humans Are Putting a Bunch of ‘Coal’ and ‘Oil’ Back in the Ground
Startups are processing plant waste into concentrated carbon to be buried or injected underground. It’s like fossil fuels, but in reverse......»»
These Mining Companies Are Ready to Raid the Seabed
Ocean exploration to prepare for deep-sea mining has been greenlit in Norway. These are the startups hoping to benefit......»»
Declining primate numbers are threatening Brazil"s Atlantic forest
We tend to think of debt as purely financial, but we can also reap what we sow in the natural world through what is known as extinction debt. This concept refers to changes in the past that affect a species' survival in the future......»»
Subaru plans to leapfrog ahead in EV race with new R&D and design center
Subaru is readying a massive shift to EVs in four years and is betting on this newly opened, state-of-the-art global R&D and design center to slash costs and lead times in its quest to leapfrog ahead in the global electrification race......»»
Big Tech is spending more than VC firms on AI startups
Microsoft, Google, and Amazon haved crowded out traditional Silicon Valley investors. Enlarge / A string of deals by Microsoft, Google and Amazon amounted to two-thirds of the $27 billion raised by fledgling AI companies in 2023.....»»
Debt-laden Warner Bros. Discovery and Paramount consider merger
WBD could have 2nd most streaming subscribers if reported meeting leads to deal. Enlarge / Media firms are looking for allies to help them take the coveted media throne. (credit: Warner Bros. Discovery) The CEOs of Warne.....»»
SimSpace raises $45 million to fuel continued growth
SimSpace has closed a $45 million equity raise led by L2 Point Management, a private investment firm specializing in flexible capital solutions for growth companies. This investment brings the total capital raised by SimSpace over the past year to $7.....»»
Basic monthly income trial shows promise with significant reduction in homelessness
Researchers at the Center for Homelessness, Housing, and Health Equity Research at the University of Southern California released an interim report on the first six months of a randomized controlled trial to study the impact of a basic income and soc.....»»
Government and nonprofit workers are getting billions in student loan debt canceled through a public service program
The Public Service Loan Forgiveness program, which the George W. Bush administration created in 2007 to encourage people to work for the government and nonprofits, has grown significantly during Joe Biden's presidency. The Conversation asked economis.....»»
Truelink Capital buys auto marketing firm Ansira
The global marketing company's sale to Truelink Capital is designed, in part, to reduce debt and avoid liquidation, the company said......»»
Klarna freezes hiring because AI can do the job instead
Klarna CEO Sebastian Siemiatkowski says the buy now, pay later company will freeze hiring and use AI to take on tasks previously done by employees. Klarna CEO Sebastian Siemiatkowski is betting so big on AI that he's instituted a hiring freeze......»»
New research reveals high levels of consumer debt among majority of UK households
A new survey, analyzed by the University of Bristol and commissioned by abrdn Financial Fairness Trust, shows nearly two-thirds (65%) of households, amounting to 18.4 million, have consumer debt and more than 4 in 10 households (44% or 12.5 million).....»»
The 2023 Automotive News Leading Women Conference in pictures
This year’s event featured keynote talks from Hyundai Motor America CMO Angela Zepeda and Arezoo Riahi, head of equity, inclusion and diversity at Waymo......»»
A new map points at the impacts of rare earth elements
A map created by the Debt Observatory in Globalization in collaboration with the EJAtlas of Institute of Environmental Science and Technology of the Universitat Autònoma de Barcelona (ICTA-UAB), the Institute for Policy Studies and CRAAD-OI Madagasc.....»»