Authentic Brands Group Gains $500 Million Investment to Support Expansion
Authentic Brands Group received an initial investment of $500 million from the joint stock company General Atlantic.
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Citigroup Reportedly Reviews Deal With Metaco to Develop Digital Asset Custody
The media reported that the American financial conglomerate Citigroup is currently reviewing the concept of its partnership with the Swiss custodian of digital assets Metaco.
Netherlands to Restrict Chip Equipment Exports
The Netherlands reported on the decision to restrict the export of certain equipment that is necessary for the production of semiconductors, to China.
AI Video Startup Runway Raises $141 Million
The company Runway AI, which produces software for artificial intelligence, with which you can create short videos based on a minimal verbal request, announced the raising of investment funds in the amount of $141 million.
Inflection AI Raises $1.3 Billion
The startup Inflection AI, which is currently working on creating a chatbot called Pi, reported that it managed to raise investment funds in the amount of $1.3 billion.
TikTok Dangles Zero Seller Fees Ahead of US Marketplace Debut
The TikTok video application, which is part of the ByteDance ownership structure, has begun positioning itself as a free trading platform within the framework of seminars and meetings with Chinese manufacturers and exporters.
Bidenomics: Blame Crypto for it All
As part of his presidential tenure and subsequent campaign for re-election, US President Joe Biden is committed to targeting the cryptocurrency industry and its traders. In yet another speech, Biden stated his determination to alter the existing tax system by eliminating ‘loopholes’ that “help wealthy crypto traders”. Aforementioned loopholes, however, don’t seem to be real. […]
Apple Eyes Historic $3 Trillion Valuation Amid Big Tech Surge
Apple is approaching a historically important moment in its existence, which will be a record indicator of the company’s market value.
Mastercard Empowers Consumers to Unsubscribe From Unwanted Services
A new joint solution by Mastercard and Subaio offers a simple, secure way to identify unwanted recurring payments and unsubscribe from them via banks’ trusted apps and online servicing
US Patent and Trademark Office Notifies Filers of Years-Long Data Leak
In the United States, a federal government agency that issues patents and trademarks has confirmed information that this organization inadvertently disclosed the personal addresses of about 61 thousand applicants.
Orange to Exit Banking Business
The French telecommunications company Orange has intentions to exit the retail banking business in Spain and France.
OpenAI Faces Class-Action Lawsuit: Reason Unveiled
The lawsuit against OpenAI, the maker of the popular chatbot ChatGPT, was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June 28
Sega COO Quashes Talk of Microsoft Deal in Favor of Independence
Sega Corporation has not confirmed the information about the negotiations regarding the entry into the ownership structure of Microsoft.
AI Startup Typeface Raises $100 Million
Typeface, a startup that works in the field of artificial intelligence and specializes in content creation services for businesses, reported raising $100 million in funding.
HK Virtual Insurer OneDegree Raises $27 Million in Funding Round
Virtual insurance company OneDegree Hong Kong announced the raising of investment funds, the amount of which amounted to $27 million.
Apple Defies EU Over Antitrust Charges in Spotify Probe
Apple is preparing for a confrontation with European regulators.
