TREND REPORTS
Spotify Q1 : More Users, More Cash Flows
[Investing]
2024/05/08 09:03
The world’s biggest music streaming platform posted one of its best financial quarters ever yesterday: Spotify’s gross profit hit €1bn (~$1.08bn) for the first time in the company’s 18-year history, as revenues jumped 20% and the company reported more than €800m in free cash flow for the last 12 months.Those headline figures sent shares up more than 11% and impressed Spotify investors — w...
With Full-Body Scans Be The Next Big Thing ? Neko Health
[Business]
2024/05/07 09:10
The Spotify chief has co-founded a new start-up, Neko Health, that aims to make head-to-toe health scans part of the annual health checkup routine.Bernhard Warner undergoes a “Tissue Scan,” a procedure designed to assess microcirculation, or the blood flow in the arteries of his right forearm.Credit...Photographs and Video by David B. TorchIn conversations with colleagues, fellow entrepreneur...
(PDF) Capgemini - The Eco-Digital EraTM : The Dual Transition to a Sustainable and Digital Economy
[Business]
2024/05/07 09:09
Since the proliferation of smartphones and social media in the late 2000s, digital has captured an increasingly large portion of the economy. In this Capgemini Research Institute report, The Eco-Digital EraTM: The dual transition to a sustainable and digital economy, developed in collaboration with the Digital Value Lab at the Digital Data Design Institute at Harvard, we delve in-depth into the...
(Video) First Anti-Aging Drug for Dogs Nears Approval
[Tech]
2024/05/07 09:08
The FDA is a major step closer to approving the first anti-aging drug for dogs — and it could lay the groundwork for drugs that extend human lives, too.The challenge: In nature, larger animal species, like elephants, tend to live significantly longer than tiny ones, like mice, but within a species, the inverse tends to be true: smaller animals tend to live longer.That’s certainly the case for...
Wayve Raises Over $1 Billion Led by SoftBank to Develop Embodied AI Products for Automated Driving
[Investing]
2024/05/07 09:07
Wayve, a U.K.-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed $1.05 billion in Series C funding led by SoftBank Group. This is the U.K.’s largest AI fundraise ever and sits among the top 20 AI fundraises globally to date.Also participating in the raise was Nvidia and existing investor Microsoft. Waye’s early-stage investors included Met...
Nestlé, The World’s Largest Food Company, is Struggling
[Business]
2024/05/07 09:06
When we talk about Nestlé, it’s usually tricky to pin down one reason for its performance considering that the conglomerate has a sprawling portfolio of 2,000+ brands, selling everything from cat food to candy. If some brands are doing poorly, others are typically doing well, and vice versa.But in Q1, the Swiss-based packaged food giant reported a 6% decline in revenue. That was partially due...
Microsoft Taps Sanctuary AI for General-Purpose Robot Research
[Product]
2024/05/07 09:05
Microsoft, it seems, is hedging its bets when it comes to general-purpose robotics AI. At the end of February, the Windows maker spearheaded a massive $675 million Series B in Bay Area-based Figure. Today, the tech giant announced a collaboration with Figure competitor Sanctuary AI, best known for its humanoid robot, Phoenix.The Sanctuary partnership really gets to the heart of Microsoft’s int...
Live Music Industry Shatters Records in Post-Covid Comeback
[Business]
2024/05/07 09:04
Three years after Covid-19 temporarily muted live music around the world, the industry shattered its previous record in 2023. According to Pollstar, a company that has tracked the live entertainment industry for decades, the 100 largest tours of 2023 grossed more than $9 billion, exceeding the previous record, set in 2022, by almost 50 percent. The historic result was achieved thanks to a combi...
Tesla Will Launch Humanoid Robots by 2025, Says Elon Musk
[Business]
2024/05/07 09:03
Elon Musk announced Tesla's Optimus robot, claiming it could be sold by late 2025 and eventually surpass Tesla's car sales in revenue. Musk's bold statement, though ambitious, received mixed reactions from experts. While some believe the timeline is feasible, others question the practicality and reliability of humanoid robots. Key concerns include the robots' functionality, reliability, and rea...
