Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January … Read more
Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, a source familiar with the matter told TechCrunch, as the venture firm seeks to become a significant LP in the firm’s future vehicles and explore investment in different asset classes. The most influential investor in India and Southeast Asia revealed … Read more
A travel-focused startup that the COVID pandemic could have killed has instead thrived. TravelJoy, a company providing a suite of tools for travel entrepreneurs and travel business operators, is now facilitating over $1 billion in annual spend for its customers, as interest in travel rebounded in the U.S. in the post-pandemic months. Now, the company … Read more
In the face of South Africa’s worsening energy crisis, marked by increasingly severe power shortages, implementing daily electricity rationing has become imperative to avert the risk of a nationwide grid collapse. According to the state-owned power generator Eskom, the country witnesses a significant power deficit, surpassing 6,000 megawatts on occasion. This situation is similar in … Read more
After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of bankrolling several hundred million dollars in a single round has mostly passed. Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised … Read more
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Bill Ackman, who led a campaign criticizing Harvard University as it has been rocked by turmoil over practices related to antisemitism, plagiarism and financial management, on Friday failed in a bid to get four candidates on the ballot for a governing board of the Ivy League school. One other … Read more
Despite four consecutive victories, Barry Geraghty believes Jonbon doesn’t have the ability to topple El Fabiolo in Saturday’s Clarence House Chase at Ascot, live on Sky Sports Racing. Willie Mullins’ star seven-year-old has been successful on his last six starts – including victory over Jonbon in last year’s Arkle at Cheltenham – and is the … Read more
South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of carbon emissions-free autonomous flight. Schmidt Futures, the philanthropic venture founded by ex-Google CEO Eric Schmidt and Wendy Schmidt, is an investor in the seed round. Other backers include pan-African funds such as the Raba Partnership, … Read more
Jason Oppenheim, president and founder of the famed Oppenheim Group, is now representing Kanye West in the sale of his Malibu beachfront estate, and there’s been some criticism Oppenheim should not represent an antisemite, but we’ve contacted some high-end realtors who feel it’s absurd to have a litmus test on which clients they will represent. … Read more
ATHENS, Greece — Five Greek and international environmental campaign agencies have launched legal action against a major natural gas project supported by the European Union as a regional alternative to Russian energy. Greenpeace and the World Wide Fund for Nature led the request at Greece’s highest administrative court, the Council of State, against a planned … Read more