Institutional real estate investors have historically struggled to buy up tonnes of family homes (the so-called ‘Single Family rental sector’) so they can turn us all into rental slaves and lock millions to a rentier economy. A few startups are trying to ease the ‘pain’ of these rapacious harbingers of hyper capitalism. Immo Capital, a … Read more
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Carlos Barria | Reuters A wide swath of Silicon Valley has hitched its hopes and fortunes over the past few years to the kind of generative artificial intelligence technologies that OpenAI helped popularize. Many … Read more
By Joe Cash BEIJING (Reuters) -China’s commerce minister expressed concern over U.S. curbs on semiconductor exports to China, as well as sanctions on Chinese firms and tariffs on Chinese imports, when he met U.S. Commerce Secretary Gina Raimondo on Thursday, his ministry said Friday. Wang Wentao told Raimondo in San Francisco: “it is very important … Read more
The World Economic Forum states that Africa has an average annual demand for 2.4 million cars and 300,000 commercial vehicles. This demand is increasing because of a continent-wide increase in disposable income, strong middle-class growth and rapid urbanization. But while most cars meeting this demand are used, car ownership in Africa is less than 45 … Read more
EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive Capital, Deem Ventures, Q Business and angel investors. The Singapore-based startup has launched an artificial intelligence-powered study now, pay later (SNPL) lending platform … Read more
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising its annual production guidance from 52,000 to 54,000 vehicles. The EV maker reported Tuesday (after markets closed) revenue of $1.33 billion, a figure driven … Read more
(Reuters) -Rivian Automotive reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units. Shares of Rivian, which closed 1.4% higher, rose more than 3% in volatile after-hours trading. However, Rivian’s smaller rival Lucid cut its production forecast on Tuesday “to prudently align with deliveries”, … Read more
GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023. Jakub Porzycki | Nurphoto | Getty Images Aleph Alpha, a German startup taking on Microsoft-backed artificial intelligence firm OpenAI, said Monday it had raised $500 … Read more
Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC. The company, which sells insurance plans via an online platform, raised the fresh cash in a debt financing deal from the … Read more
A GoFundMe for Joyce Grayson, a 63-year-old visiting nurse who was found dead in the halfway house for s*x offenders where she had her first appointment of the day on Saturday, October 28, 2023, has raised over $18,000. Grayson, who was described as a foster mother and grandmother who dedicated her life to caring for … Read more