OAKLAND, Calif. : Sydney-based startup Q-CTRL, whose software helps run quantum computers more accurately, said on Tuesday it raised $27.4 million with Salesforce Ventures joining as a new investor. Quantum computers, which run their processes based on the theories of quantum physics, could one day carry out certain calculations millions of times quicker than the fastest super computers today. Billions of dollars have been invested to prepare for the moment quantum computers can outperform classical computers on important tasks as those could be industry changing, experts say.
The Hong Kong Monetary Authority (HKMA) published the unaudited financial position of the Hong Kong Monetary Authority Exchange Fund at end-December 2022. The Exchange Fund recorded an investment loss of HK$ 202.4 billion in 2022. The main components were: losses on Hong Kong equities of HK$ 19.5 billion; losses on other equities of HK$ 61.2...
Universa Investments, the hedge fund advised by "The Black Swan" author Nassim Taleb, told clients that ballooning debts across the global economy are poised to wreak havoc on markets rivaling the Great Depression. "It is objectively the greatest tinderbox-timebomb in financial history -- greater than the late 1920s, and likely with similar market consequences," Mark Spitznagel, 51, the firm's chief investment officer, wrote in a letter to investors this week obtained by Bloomberg. On Friday, Treasury Secretary Janet Yellen said she's satisfied with US jobs and inflation data but did not want to downplay recession risks.
Stripe's plan to raise billions at a lower valuation underlines the challenges facing start-ups seeking money as the market for new listings stays shut.
Breed VC closed its first fund with nearly $20 million in capital. : Breed VC, a new crypto-focused firm, has closed fundraising for its first fund and brought in a "considerable portion" of its $20 million target, founder and general partner Jed Breed told CoinDesk during an interview. The fund was backed by Nic Carter and Matt Walsh's Castle Island Ventures, Tribe Capital and Shima Capital, among others. The venture capital firm closed the fund at the beginning of the year, meaning the fundraise happened during the severe turbulence following the implosion of crypto exchange giant FTX.
The U.S. oil and gas industry employed 948,943 professionals in 2022, according to TIPRO's latest State of Energy Report. : That's according to the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy Report, which noted that this figure represented a net increase of 39,721 direct jobs compared to 2021, subject to revisions. There were 358,776 direct U.S. upstream sector jobs in 2022, which marked a net increase of 32,627 jobs compared to 2021, the report outlined.
Stream Realty Partners Opens Greater Miami Office As Firm Enters Florida Commercial Real Estate Market
DALLAS, Jan. 31, 2023 /PRNewswire/ -- Stream Realty Partners, a national real estate services, development, and investment firm headquartered in Dallas, has broadened its U.S. presence by launching its first Florida office in Greater Miami. The Greater Miami/South Florida office is Stream Realty Partners' first in the state and 15th location across the U.S. Executive Managing Director and Partner Greg Katz, who comes to Stream ...Full story available on Benzinga.com.
Highlights: Expanded participation in ATH434 Phase 2 clinical trial with sites opened for recruitment in Australia, the United States, and Italy Presented compelling bioMUSE data at two prestigious industry conferences Granted a 20-year patent for 100 new compounds targeting Parkinson's...
CAMBRIDGE, Mass., Jan. 31, 2023 /PRNewswire/ -- Flagship Pioneering, the bioplatform innovation company, announced today that pharma and biotech leader Christian Schade is joining as Growth Partner. In this role, he will help scale and grow several Flagship-founded companies, working...
Norway's sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion kroner ($164 billion) in 2022.: Norway's sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing "very unusual" market conditions. The so-called Government Pension Fund Global, among the world's largest investors, returned -14.1% last year, which it said was 0.88 percentage points better than the return on its benchmark index. "The market was impacted by war in Europe, high inflation, and rising interest rates.