As Melinda French Gates Leaves The Gates Foundation, Will She Double Down On Gender Equity? | South China Morning Post
Grantees of her support hope she puts another US$12.5 billion towards issues like closing the gender pay gap and increasing women's political participation.
Data Platform Firm Wekaio Notches $1.6B Valuation After Latest Funding Round - Cna
Data platform company WekaIO notched a valuation of $1.6 billion in a round led by Valor Equity Partners as a funding winter, especially for tech startups focused on artificial intelligence, is easing. The company said on Wednesday that it had raised $140 million in an oversubscribed Series E funding round, which consisted of a combined primary and secondary transaction. Technology-focused startups have secured a chunk of the investments following a boom in artificial intelligence-focused products after the launch of OpenAI's ChatGPT in 2022.
How The Authoritarian Middle East Became The Capital Of Silicon Valley
Some tech entrepreneurs and venture firms once shunned Middle Eastern funding, driven by concern for human rights abuses, the region's ties to China and industry disdain for what was once considered lucrative.
Weka Nets $140M In Series E
CAMPBELL, CA, WekaIO (WEKA), the AI-native data platform company, has raised $140 million in an oversubscribed Series E funding round.
How Lead Bank's Co-founder Transformed A Century-old Community Bank Into An Innovative Fintech Company | Fortune
This CEO says that listening is a powerful leadership tool. : On this episode of Fortune's Leadership Next podcast, Michal Lev-Ram sits down with Jackie Reses, co-founder, chair, and CEO of Lead Bank. The conversation ranges from Reses' thinking behind transforming a 100-year-old Kansas City bank into the headquarters for a fintech company, how she handled culture issues while creating an innovative business out of a traditional one, and what she took away from working with Jack Dorsey at Square. Reses also makes it clear that making herself and her team part of the community was as essential--and very enjoyable--part of the process.
Hedge Fund Balyasny Adds Millennium Alum And Struggling Crypto Firm Executive
Balyasny has been one of the quieter hedge funds when it comes to crypto, but it still appears to appreciate talent in the space. Its most recent hire not only has experience at major hedge funds like Millennium, but was an executive at a major crypto fintech.Click here to sign up for our fintech newsletter Samuel Donat joins Balyasny as its head of enterprise technology. He's spent the last seven months as a consultant for Steve Cohen's fund Point72, and was COO of bitcoin infrastructure firm NYDIG (New York Digital Investment Group) for nearly three years.
Platinum Circularity Underpins China's Green Hydrogen Future
A study explores the role of platinum in shaping the future of green hydrogen development in China. Hydrogen fuel is one of China's key strategies to achieve national energy security and carbon neutrality. Hydrogen is expected to provide more than 10% of China's total energy supply by 2050, and the country has announced more than 50 large-scale hydrogen projects.
Semiconductor Material Venture Kubos Relocating From Cambridge To Wales
The firm has been boosted with a PS2.2m investment round led by the Development Bank of Wales. : Semiconductor venture Kubos is relocating to Wales following a PS2.2m equity round investment boost. The business, which is relocating to Cardiff from Cambridge is developing a new compound semiconducter material. The investment round was led by the Development Bank of Wales with PS670,000, alongside Dr Drew Nelson, the founder and former chief executive of one leading Welsh tech business IQE, the Angels Invest Wales Co-Investment Fund and business angels - together with an Innovate UK (IUK) PS700,000 grant.
Top Hedge Fund Bought 1m Gamestop Shares Before Meme Stock's 400% Jump
A world-beating hedge fund revealed it built a GameStop stake from scratch last quarter, making it a potential winner from the meme stock's explosive leap this week. Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech's stake at $65 million if still intact.