Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old […]

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French startup StarOfService has recently switched its business model and has been profitable for the month of January 2019. The company operates a marketplace for independent contractors, a sort of Thumbtack for the rest of the world. If you’re looking for a plumber, a music teacher or a DJ for a wedding, StarOfService can help […]

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Binance, the world’s largest crypto exchange, has launched an initial version of its highly-anticipated decentralized trading service (dex) today which is available now at testnet.binance.org. The launch — which is initially a testnet as the URL suggests — has been a long time coming and it is designed to complement the main Binance exchange, which does […]

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ViSenze, a startup that provides visual search tools for online retailers like Rakuten and ASOS, announced today that it has raised a $20 million Series C. The round was co-led by Gobi Ventures and Sonae IM, with participation from other backers including returning investors Rakuten and WI Harper. Founded in 2012, ViSenze has now raised […]

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It’s time for another hit off the juice box. Netflix announced today that it will release the remaining eight episodes of “Arrested Development’s” fifth season on March 5, ten months after the first half premiered. In the intervening time, however, the show has dealt with several controversies revolving around accusations of abusive behavior from star […]

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The clean energy boffins in their labs are always upping the theoretical limit on how much power you can get out of sunshine, but us plebes actually installing solar cells are stuck with years-old tech that's not half as good as what they're seeing. This new design from Insolight could be the one that changes all that.

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Porsche’s production forecast for its first all-electric vehicle may be too conservative, the company’s head of production said this week. Porsche has targeted 20,000 Taycan electric vehicles for the first year of production. But interest in the vehicle could push those estimates higher, Albrecht Reimold, Porsche’s board member in charge of production, said in an internally […]

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Under the leadership of its newest chairman, Jay Clayton, the SEC has for the last two years made it clear that it wants more companies to go public already. A new proposal, revealed today, may get it closer to that objective. Specifically, the agency has proposed giving any company that’s exploring a potential IPO a […]

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I recently talked to a group of kids about AI. I asked them to come up with ideas for how AI could be used. I was struck by their genuine interest in creating AI solutions that would help people.

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On Tuesday, the FDA issued a warning to anyone who might be inclined to give their old bones a jolt with fresh blood harvested from the young. The idea is pretty far from mainstream, even in Silicon Valley, where the ultra-wealthy have a keen interest in the cutting edge of life-extension science. Still, there’s apparently […]

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Orai, a startup building communication coaching tools, is announcing that it has raised $2.3 million in seed funding. CEO Danish Dhamani said that he co-founded the company with Paritosh Gupta and Aasim Sani to address a need in his own life — the fact that he was “held back personally and professionally” by lackluster “communications […]

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Last week brought an extraordinary demonstration of the dangers of operating a surveillance state — especially a shabby one, as China's apparently is. An unsecured database exposed millions of records of Chinese Muslims being tracked via facial recognition — an ugly trifecta of prejudice, bureaucracy, and incompetence.

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When in 2015, Slack raised money at a $1 billion valuation, founder Stewart Butterfield spoke candidly about why it was important to him, and why if Slack wasn’t assigned a valuation north of that number at that point in time, Slack wouldn’t raise anything. Said Butterfield, speaking to Fortune, it “means that we’re a part […]

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Before Oculus kickstarted a lot of the fervor around consumer headsets, the VR headsets that were being built for enterprise rigs were multi-thousands-dollar rigs that still sucked. As Oculus and HTC expanded their platforms, a lot of these enterprise-focused VR companies shriveled up or were forced to significantly retool how they approached fat-wallet customers. Things […]

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Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across the U.S., Europe and Asia, […]

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