Venture capital
Venture capital for Black entrepreneurs plummeted 45% in 2022, data shows
Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in the kitchen of her Atlanta home, and she needed to […]
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Premier League symptoms deal with NFT-based fantasy soccer recreation inspite of crypto downturn
Vital Details Players of fantasy soccer video game Sorare will be able to obtain and use official Leading League-accredited NFTs less than an distinctive multi-year arrangement. Values of NFTs have plummeted amid a downturn in crypto charges, exacerbated in current months by the individual bankruptcy of main exchange FTX. Sorare has viewed a shift in […]
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Indonesia’s seafood farming market faces a ‘technology gap’ — and startups are elevating major bucks to fill it
A employee refills a robotic dispenser by eFishery, an agritech startup, at a fish farm in Subang Regency in West Java, Indonesia, in June 2022. The startup assists farmers improve their processes via computerized feeders and mobile apps. Dimas Ardian | Bloomberg | Getty Visuals Indonesia’s tech startups are reeling in significant money in seafood […]
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Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair
Array of Precision Neuroscience Source: Precision Neuroscience The human cerebral cortex is made up of six cellular layers, but at Precision Neuroscience, a team of scientists and engineers is working to build a device that’s reminiscent of a seventh. The device is called the Layer 7 Cortical Interface, and it’s a brain implant that aims […]
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Founders of 3 Arrows Cash pitch platform for crypto bankruptcy claims
Essential Points The co-founders of the now-liquidated crypto hedge fund A few Arrows Money are pitching a new system concentrated on digital currency bankruptcy statements. Kyle Davies and Su Zhu, both of those founders of A few Arrows Money, are two of the founding associates detailed in a pitch deck reviewed by CNBC. The pitch […]
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Market place history says a recession could generate the upcoming Airbnb or Slack
Layoffs, soaring fascination premiums, spiraling valuations — this is a rough time for startups. Amid the broader economic downturn and bear sector in tech shares, buyers have been favoring profitability — or at minimum a reasonable route to get there — above the promise of long term expansion. Which is been a tough market for […]
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JPMorgan shutters web site it paid $175 million for, accuses founder of inventing thousands and thousands of accounts
Key Points JPMorgan Chase on Thursday shut down the site for a college fiscal aid platform it bought for $175 million just after alleging that the company’s founder made virtually 4 million phony client accounts. JPMorgan stated it realized the truth about Frank soon after sending out advertising and marketing e-mails to a batch of […]
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Swiss corporation that counts Microsoft as a shopper claims it truly is removed CO2 from the air and put it in the floor
Climeworks’ carbon removal plant in Hellisheidi, Iceland. Picture courtesy Climeworks Swiss company Climeworks introduced Thursday that it has successfully taken carbon dioxide out of the air and place it in the ground where it will inevitably turn into rock. It the initially time a enterprise has efficiently both of those taken carbon dioxide out of […]
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How to nominate a organization for CNBC’s 2023 Disruptor 50 checklist
CNBC is now accepting nominations for the 2023 Disruptor 50 list — our annual search at the most impressive enterprise-backed firms working with breakthrough technological know-how to fulfill growing financial and client difficulties. The deadline for submissions is Friday, Feb. 17 at 11:59 pm EST. All independent, privately-owned businesses launched immediately after Jan. 1, 2008, […]
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Capella Space raises $60 million from fund run by billionaire entertainment exec Thomas Tull
A satellite image taken at night on Nov. 14, 2022 of NASA’s Artemis I mission before launch from Cape Canaveral in Florida. Capella Space San Francisco-based satellite imagery specialist Capella Space raised $60 million in fresh capital, the company announced Tuesday. Capella raised the equity from the U.S. Innovative Technology Fund, a recently established private […]
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