Groundbreaking start-up working to create a new data center industry from the Moon clears key financing milestones.Lonestar Data Holdings Inc. announced today that it has successfully closed its $5m Seed with this financing round being oversubscribed.The round has been led by Scout Ventures and joined by Seldor Capital, 2 Future Holding, The Veteran Fund, Irongate Capital, Atypical Ventures, an...

Where dealing with its inventory glut is concerned, Nike is just about doing it. Yesterday, the apparel giant reported that sales were up 14% to $12.3bn in its most recent quarter, but the company continues to carry a near-record level of stock, with inventory up 53% in the last 3 years.Nike execs are at least “increasingly confident” that the company will exit the financial year with healthy...

The series B funding will support a pivotal study of Cognito Therapeutics' neuromodulation technology. Enrollment in the study, in which 400 Alzheimer’s patients across the U.S. will use the headset every day for a year, began last month.Riding high on early clinical trial results showing that its neuromodulation headset can improve memory and cognition and slow the deterioration of white matt...

Youths’ spark is fizzling out. According to Danish broadcaster P3 Missionen, 44% of young individuals in the country are experiencing burnout.To spread awareness about the social phenomenon, the network paired up with multidisciplinary creative agency Uncle Grey and installed human-sized candles around Denmark’s larger cities to represent the nation’s worn-out youth. The campaign coincided w...

The first "direct commission" unveiled by Public Art Abu Dhabi is a multimedia crashing wave display by the Seoul-based collective d’strict.Abu Dhabi is the latest city aiming to put itself on the contemporary art map with the launch of a new biennial next year centred on public art. The new biennial—known as the Public Art Abu Dhabi Biennial—is a key strand of an umbrella initiative (Public...

These are some of the non-intuitive results from Unity Technologies’ 2023 gaming report, an annual look at the state of gaming and game development released ahead of next week’s Game Developers Conference.Gathering feedback from more than 230,000 Unity creators and ads data spanning almost twice that number, the report contains insights into the trends that experts on the ground believe will...

In the wee hours, a crew of blue and yellow-clad robotics awakes and gets to work, combing warehouses to ensure every unit is accounted for. No, this is not the plot for a dystopian remake of Night at the Museum. It’s IKEA’s reality, and it’s looking pretty bright.In an announcement, the furniture giant says it has employed its 100th autonomous drone to fly in IKEA stores and track inventory...

Researchers examine how OpenAI's GPT technology could affect the workforce, and find 'the influence spans all wage levels, with higher-income jobs potentially facing greater exposure.'Will OpenAI's ChatGPT replace your job? A new study from the company estimates that AI-powered chat technologies could seriously affect 19% of the jobs in the US.The AI-powered ChatGPT chatbot is powerful enough t...

The test code uncovered in the latest tvOS beta is limited but could expand to other devices and capabilities in the future.It seems as though everyone but Apple is jumping on the AI bandwagon, but according to a report, that might not be the case for very long. As uncovered by 9to5Mac in the tvOS 16.4 beta, Apple is testing new language generation AI capabilities for Siri. The technology, code...