(Infographic) The World’s 1,170 Unicorn Companies
[Investing]
2022/07/18 09:07
Even as the market sours, startups are still hitting billion-dollar valuations. Our market map visualizes the 1,170 private companies worth $1B+ across artificial intelligence, e-commerce, fintech, and more.The momentum continued into 2022 — with the list reaching 1,000 unicorns for the first time in February — until macro trends like inflation, rising interest rates, and geopolitical shocks...
Tecton Raises $100M, Proving That The MLOps Market is Still Hot
[Investing]
2022/07/18 09:06
Machine learning can provide companies with a competitive advantage by using the data they’re collecting — for example, purchasing patterns — to generate predictions that power revenue-generating products (e.g. e-commerce recommendations). But it’s difficult for any one employee to keep up with — much less manage — the massive volumes of data being created. That poses a problem, given AI...
Tesla’s Chinese Battery Maker, CATL is Scoping Out Factory Sites in Mexico
[Business]
2022/07/18 09:05
Battery maker weighs splitting investment in US and Mexico. Tesla, Ford could buy EV cells made across southern border.China’s Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, is considering at least two locations in Mexico for a manufacturing plant to potentially supply Tesla Inc. and Ford Motor Co.The battery manufacturer is considering...
American Attitudes Shift to Owning Digital Assets, Not Just Streaming Them
[Consumer]
2022/07/18 09:04
On a day when Netflix said it would launch an ad-supported service with Microsoft, it would appear the streaming world may, in fact, be poised to compete in popularity terms, as consumers begin to realise they can own digital assets, not merely rent or stream them.Based on a new survey of 2,000 Americans (so statistically relevant), a new study found that 77% of Americans would rather own digit...
The Solar Blanket is Part of a Project Designed to Make Renewable Energy More Accessible
[Product]
2022/07/18 09:03
The UK Parliament reported that in 2020 that 14.5 million people lived in relative poverty after housing costs in the UK. Considering the rising cost of living in the UK, this project aims to support people to keep warm by alleviating some of the strains of soaring energy prices. The proposed product is a heated blanket that is powered by the sun. It uses solar power to generate electricity. Th...
(PDF) CB Insights - State of Venture Q2. 2022 Report
[Investing]
2022/07/15 09:10
The global venture ecosystem continues its slowdown in Q2’22 as funding decreases by 23% QoQ.Global venture funding saw $108.5B raised across 7,651 deals last quarter — marking the biggest quarterly percentage drop in deals (and the second-largest drop in funding) in a decade. Despite this eye-opening decline, funding and deal totals remain above levels last seen in 2020.US-based companies ac...
British-Made Ecovado Offers Low-Impact Alternative to "Unsustainable" Avocados
[Product]
2022/07/15 09:09
Central Saint Martins graduate Arina Shokouhi has invented an avocado alternative called Ecovado, which is meant to wean people off the resource-intensive imported fruit.The Ecovado contains a pale green, creamy foodstuff made from a combination of ingredients local to its country and packaged in a fake avocado skin fashioned from wax.Shokouhi, who is a recent graduate of London school Central...
U.S. Inflation Surpasses 9% and Hits Food Staples Hardest
[Investing]
2022/07/15 09:08
Consumer prices in the United States continued to rise in June. The Consumer Price Index for All Urban Consumers (CPI-U) was up 9.1 percent compared to a year ago, while the core index excluding more volatile food and energy prices increased 5.9 percent over the last 12 months. The June reading was the highest since November 1981, fueling fears that inflation is out of control.When inflation st...
(Video) Does MetaHuman’s Digital Clone Cross the Uncanny Valley ?
[Tech]
2022/07/15 09:07
Epic Games recently introduced Mesh to MetaHuman, a framework for creating photorealistic human characters. It lets creators sculpt an imported mesh to create a convincing character in less than an hour.“It’s incredibly simple compared to a lot of other tools,” says Stu Richards (a.k.a. Meta Mike), partner success lead at GigLabs and Cofounder of Versed. “I’d compare it to a character crea...
The Dollar Is Extremely Strong, Pushing Down the World
[Investing]
2022/07/15 09:06
The value of the U.S. dollar is the strongest it has been in a generation, devaluing currencies around the world and unsettling the outlook for the global economy as it upends everything from the cost of a vacation abroad to the profitability of multinational companies.The dollar lubricates the global economy. It is one side of about 90 percent of all foreign exchange transactions, accounting f...
(M&A) Markforged Acquires Digital Metal for $40M as 3D Printing Space Continues to Evolve
[Investing]
2022/07/15 09:05
Metal and carbon fiber company Markforged (best known for its Digital Forge platform) announced today that it acquired Digital Metal to further increase its lineup of machines that can produce metal parts. The company was previously owned by Swedish metal powder manufacturer Höganäs AB.The acquisition highlights Markforged’s push into additive manufacturing for industrial customers, and with...
Crypto Startup Funding Falls to a One-Year Low
[Investing]
2022/07/15 09:04
New data shows venture capitalists’ waning appetite for crypto.Crypto startups finally felt the effects of an economic storm that has been cooling digital currencies, public stocks and venture capital all year. Funding to private crypto companies in the second quarter fell to its lowest level in a year, according to data from the research firm PitchBook.The hype around crypto startups made the...
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