When the financial markets go all wobbly, conservative investors turn to scarce resources that are unlikely to plummet in value, including things like silver, gold, palladium and platinum. Diamond Standard wants to add diamonds to that list and has created a blockchain-based system to create tokens that gives investors access to diamonds, much like how
Spain’s data protection authority, the AEPD, has followed Italy’s lead and announced a preliminary investigation of ChatGPT-maker OpenAI over suspected breaches of the European Union’s General Data Protection Regulation (GDPR). At the end of last month, Italy’s DPA ordered OpenAI to stop processing locals’ data — over a range of suspected breaches of the GDPR
Comixology was genuinely a gamechanger. Before the platform came along, I knew very few people who had ever read a comic on a phone or tablet. There was entirely too much friction in the process to prioritize screens over print. The app proved a viable option, courtesy of a stocked store and a clever UI
Ira Lam Contributor Ira Lam is chief legal officer at SuperLayer, a web3 venture studio for launching new multi-chain, tokenized consumer products. The full magnitude of the impact of the current market volatility in the wake of the collapse of FTX is still unknown. The dominoes keep falling and it is hard to predict how
Generative AI, particularly text-to-image AI, is attracting as many lawsuits as it is venture dollars. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in a legal case that alleges they infringed on the rights of millions of artists by training their tools on web-scraped images. Separately, stock image supplier Getty Images
Meet Thynk, a new company that wants to build the definite enterprise software solution for the hospitality industry. The startup just raised a $13 million Series A round. This round was led by Singular, with a New-York based fund managed by Itai Tsiddon and Belgian investment firm CNP (Groupe Frère) also participating. Fly Ventures, an existing shareholder
The time has finally come for Warner Bros. Discovery (WBD) to reveal details about its highly anticipated streaming service, which combines HBO Max and Discovery+ content. During a press event today, the company announced the name, launch date, price, new features and upcoming content slate. The new streamer is called Max and is rolling out
Gregory Robinson, James Webb telescope program director for NASA, discusses the completion, launch and revelations of the newest, deep space NASA telescope. He speaks with David Westin on Bloomberg’s “Balance of Power.”
As many private companies try to avoid raising capital in the current market, it’s become significantly harder to figure out what companies are actually worth. But a market that’s traditionally even less transparent than venture is providing clues. The secondary market, where investors can buy and sell existing stakes in a startup or fund, offers
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Device42, a startup that helps companies understand and manage their hybrid infrastructure, can see a lot of information about each customer’s hardware and software usage. The company decided to use that ability to look at how each part of the system was contributing to carbon emissions. “Our focus as a platform is to discover IT
Italy’s data protection watchdog has laid out what OpenAI needs to do for it to lift an order against ChatGPT issued at the end of last month — when it said it suspected the AI chatbot service was in breach of the EU’s General Data Protection Regulation (GDPR) and ordered the U.S.-based company to stop
Among the many announcements during today’s Warner Bros. Discovery press event, the company revealed it greenlit a new Game of Thrones prequel called “A Knight of the Seven Kingdoms: The Hedge Knight.” A release date has yet to be announced, but the show will eventually debut on Max, WBD’s new streaming service. “A Knight of
Ever since the tech downturn began affecting startups, a question kept coming up: What if we are witnessing a correction? The question implied that the way deals were done in the past couple of years, mostly during late-2020 and nearly all of 2021, were the exception, not the rule, and venture investing was returning to
The pace at which new billion-dollar startups are minted is in freefall. Given what we’ve seen recently concerning the late-stage funding market, we shouldn’t be shocked. As late-stage dollars retreat and capital served up in mega-rounds — deals worth $100 million or more — evaporates, the fuel that once lifted many a startup rocket into
Nonprofit Arts Help is launching a $6 million fund to build the world’s first digital climate library to provide public access to the archives of the United Nations Framework Convention on Climate Change (UNFCCC). The UNFCCC, which was formed in 1992, has more than 1.7 million paper documents related to the treaty, many of which
As Gen Z turns into their early-to-mid 20s, a new generation of business owners is coming online. Many of these new entrepreneurs do the vast majority of work on their phones. This is especially true in emerging markets like Latin America, where SMEs comprise 99.5% of firms in the region. In Mexico, for instance, 97.4%
India’s smartphone exports have more than doubled, reaching over $11 billion in the fiscal year that ended in March, according to trade data examined by the industry body India Cellular and Electronics Association and government officials, underscoring the South Asian market’s growing ambition to become a global hardware manufacturing hub. Smartphone exports of $11.2 billion
With next month’s arrival of the new streaming service “Max” from Warner Bros. Discovery, the company is also promising a revamped product experience with an expanded feature set, improved recommendations, and better performance. The new service, which combines HBO Max and Discovery+ content into one offering, will gain an updated user interface that’s delivered by
About 10% of startups will fail in their first year. Between years two through five, approximately 70% of companies will go under. But those figures don’t matter when you’re pitching: Investors expect to see a business plan that describes how you plan to reach profitability within 3-5 years. “While it may feel unfamiliar, as a
General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million in an ongoing financing round. Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the investment. The
A few years ago, mattress company Casper’s co-founders Philip Krim and Jeff Chapin were banging their heads against the wall. Krim was in Long Island in New York while Chapin was in Wyoming. The weather in New York can be pretty different from that in Wyoming, but when bad storms roll through, they both suffer
YouTube is starting presales of NFL Sunday Ticket subscription starting today. The company is selling the add-on to subscribers of the YouTube TV Base plan at $249 for the season. The company is also offering NFL Sunday Ticket and NFL RedZone bundles at $289 for the season during the presales. The streaming company will increase
Manhattan Ventures Partners GP Andrea Walne joins Caroline Hyde and Ed Ludlow to discuss the repercussions of SVB and First Republic on the VC space and how startups are turning to fintech for support. Plus, her thoughts on SpaceX and on startups’ changing valuations. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg
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When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: The bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing. The new CRO, Kim Olson, who joined in January 2023,
Eager to secure all the lithium it needs to power a growing lineup of electric vehicles, General Motors said on Tuesday that it will lead a $50 million investment into lithium extraction and refining startup EnergyX. With the deal, the legacy automaker says it will help EnergyX scale its lithium-extraction tech. In exchange, GM will
Google TV, the company’s smart TV operating system that powers Chromecast devices and various TVs, is today getting a significant update aimed at expanding access to free, streaming TV. The company announced this morning Google TV will now integrate access to free streaming channels like Tubi, Plex, and Haystack News directly in its redesigned Live
If you haven’t noticed, the internet is frequently on fire. Overseas cyberattacks are hitting public services like healthcare at home. Data breaches are the new school “snow days.” Small towns and local governments are largely unable to fend off ransomware attacks on their own. Nation-state hackers are undermining human rights and the security and privacy
Kobie Fuller, a partner at Upfront Ventures, had a notion that there are certain characteristics that every successful enterprise software company shares. You might think that’s not something that’s easily quantifiable or identifiable, maybe just something that any investor knows or senses when they see it. But Fuller decided to sit down and figure out
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