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UBS and Wealthfront last week called off a planned deal to sell the robo-adviser startup to the financial giant for $1.4 billion. Instead, UBS invested $69.7 million in the company at a valuation that Wealthfront described as $1.4 billion. In its note discussing the end of the transaction and its latest fundraise, Wealthfront shared some
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There’s been a lot of talk about remaking the electric grid in the U.S. and in Europe, preparing it for a tidal wave of intermittent renewable power and instant-on batteries. It’s happening in fits and starts, with utilities themselves alternately embracing and pushing back against the new, more distributed future. That’s been complicating grid upgrades.
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Berlin-based agriTech startup Klim is in a hurry to get farmers adopting so-called ‘regenerative’ methods — which are touted as less harmful to soils and biodiversity than conventional farming — arguing this evolution offers the best chance to shrink the global carbon footprint of agriculture fast enough to tackle the climate crisis. Its digital platform,
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Today is Disney+ Day, and, as part of its perks, the company is offering Disney+ subscribers a new AR experience in conjunction with the short film “Remembering,” starring and produced by “Captain Marvel” Brie Larson and directed and written by filmmaker Elijah Allan-Blitz. The eight-minute-long movie features a companion augmented reality app that allows users
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A new nonprofit “startup” is emerging from stealth today with $15 million in funding from Ethereum co-creator Vitalik Buterin, with a focus squarely on studying and treating Long COVID. While the global pandemic may have neared something close to a conclusion for many, millions of people around the world are still suffering long-term effects from
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America’s favorite reality star is leveling up her repertoire and levering up businesses. Kim Kardashian, who passed the “baby bar” exam in preparation to become a lawyer last year, just added another job title to her lineup — private equity investor. Kardashian is launching private equity firm SKKY Partners in conjunction with ex-Carlyle consumer head
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Weather officials are predicting more monsoon rains in Bengaluru, complicating prospects for a quicker recovery for India’s Silicon Valley where floods have wrecked many slum houses, cut transportation links, knocked down power and disrupted business operations in parts of the city. The disruption has exposed the poor infrastructure in the city, home to more than
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For those watching the slow motion unpicking of surveillance advertising in the European Union here’s a fresh development on the long and winding road to a long-overdue legal reckoning: Multiple grounds for appeal lodged by industry body, the IAB Europe, against a breach finding earlier this year against its self-proclaimed “best practice” framework for obtaining
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French startup Sorare originally launched a fantasy football (soccer) game. This year, the company is expanding to new sports. After partnering with Major League Baseball earlier this year, the company is announcing a new partnership with the National Basketball Association (NBA) and National Basketball Players Association (NBPA). Thanks to this multi-year partnership, Sorare will launch
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In addition to the Apple Watch Series 8, Apple unveiled a brand new Apple Watch model at its press conference. The Apple Watch Ultra has been specifically designed for intense sports tracking. It is a larger model with better battery life. It also has a different body that should resist extreme weather conditions. The case
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A kiryana owner with one of SnappRetail’s point-of-sale devices The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. According to a report by the State Bank of Pakistan, general stores’ growth will slow down, especially in urban
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Companies like Redwood Materials (raised $792M), Li-Cycle, (Canada, raised $667.7M) and Green Li-ion (Singapore $15M) have made a name for themselves in recycling batteries. The activity of recycling existing lithium batteries remains one of the hardest nuts to crack as the world tries desperately to move to more renewable, clean, sources of energy. Right now
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