Author: prosperplanetpulse.com

Defense tech startup Helsing GmbH today Disclosed The company raised 450 million euros (about $488 million) in new funding. The Series C investment was led by General Catalyst, with participation from Sweden’s largest aerospace and defense company Saab AB, Elad Gill, Accel, Lightspeed Venture Partners, Plural and GreenOaks. Bloomberg reported that the investment values ​​Hellsing at 5 billion euros ($5.38 billion), more than triple its market capitalization after the acquisition. Previous funding round last year. Germany-based Helsing develops software for the defense sector. The company has reportedly built a platform to visualize complex sensor data from planes, helicopters, and other…

We live in an age of technological transformation. Advances in digital technology have transformed economies and societies, and the latest innovations in artificial intelligence (AI) have the potential to take the ongoing technological transformation to a whole new level. New technologies open up exciting new possibilities. They create new opportunities and pathways for increasing economic prosperity and human well-being. The potential to increase productivity and economic growth is great. But they also bring new challenges and risks. As today’s technologies drive change, they can deepen economic and social fissures. Participation in new opportunities created by the digital transformation is unequal.…

TAMPA, Fla. — San Francisco-based startup Armada said on July 11 that it has raised an additional $40 million in a Microsoft-led funding round to develop customized mobile data centers for SpaceX’s Starlink broadband network. The venture, which emerged from stealth six months ago and said it had raised about $100 million from investors, is initially focused on deploying artificial intelligence computing tools designed to power remotely connected devices. Microsoft, with investment from its venture capital arm M12, is offering the software tools on its Azure cloud computing marketplace, which include Armada’s digital platform for managing connected assets such as…

See below for 07/11 update. This post was originally published on July 10th. Stocks are soaring after Federal Reserve Chairman Jerome Powell stoked hopes of a rate cut in September shortly after he issued a “significant” warning. Subscribe now Crypto and Blockchain Advisor to Forbes And in the aftermath of Bitcoin’s halving, “discover the blockchain blockbuster that’s poised to deliver gains of over 1,000%.” Even as renewed worries about a debt spiral have unsettled traders, the S&P 500 and Nasdaq have hit fresh all-time highs, following the Dow’s record high in May. Now, with uncertainty hanging over the White House,…

You’re reading our Today’s Opinions newsletter. Sign up to get it delivered to your inbox.Biden’s moment of truthWe at the Today’s Opinions newsletter are at the point where we’re considering replacing our “Days since public figures suggested President Biden was going to pull out” counter (which always stays at zero) with a “Time since public figures suggested President Biden was going to pull out” counter (which stays at almost zero).Members of Congress (and the Lt. Governor) have spoken out loud, and lawmakers like Sen. Michael Bennet have hinted. It’s strong enough to bite. very Handsome movie stars, my style favorites,…

SLO CAPITAL CO., LTD.Net asset value expected to be between $6.70 and $7.20 per shareNEW YORK, July 11, 2024 (GLOBE NEWSWIRE) — SLO CAPITAL CO., LTD. (“SuRo Capital”, “we”, “our”, “us”) (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the second quarter ending June 30, 2024:”As we have previously stated, we remain very enthusiastic about both our investment pipeline and current portfolio as the IPO market strengthens and new opportunities at attractive valuations continue to emerge, and we continue to actively pursue these opportunities. In the second quarter, we closed a $10 million investment in…

Tech stocks fell sharply on Thursday, weighing on the broader market following the release of June’s CPI. Inflation last month was lower than expected, coming in at 3% year-on-year. This appears to have prompted investors to pull out of the biggest gainers and start buying laggards like small caps. Thank you for your registration! Access your favorite topics on the go with your personalized feed. Download the app By clicking “Sign Up”, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time by visiting your settings page or clicking “unsubscribe” at the bottom of…

Down icon An icon in the shape of a downward angle. Slync founder Chris Kirchner, second from left, competed in the 2022 LIV Golf Invitational at Centurion Club in St. Albans, England, after the company failed to pay its employees. Aitor Alcalde/LIV Golf/Getty Images Founder Chris Kirschner was sentenced to 20 years in prison for misappropriating start-up funds.Prosecutors alleged that Kirchner went on lavish purchases, including a private jet worth $16 million. Slync, a supply chain technology startup founded by Kirchner, closed in October 2023. Chris Kirchner, the startup founder convicted of defrauding investors, money laundering and wire fraud, was…

JPMorgan Chase It is reportedly strengthening its competitive position in order to maintain its position as the largest bank in the United States. The bank is modernizing its infrastructure and data, and leveraging artificial intelligence and payments. Marianne LakeThe CEO of JPMorgan Chase’s consumer and community banking division told Reuters: interview Posted on Thursday (July 11th). According to the report, Lake said these investments will “ensure that we remain a leader in the next five to 10 years.” Lake also said JPMorgan is looking to grow its market share, aiming to increase its share of U.S. consumer deposits from 11.3%…

Inflation has remained stubbornly above the Federal Reserve’s 2% annual target, but recent economic data has stoked the view that the central bank should cut interest rates sooner rather than later.An inflation gauge on Thursday showed that headline inflation fell from the previous month for the first time since May 2020, according to data from CME Group, and immediately prompted the market to price in around an 89% probability that the Federal Reserve will begin cutting interest rates at its September meeting, up from 75% the previous day.The data is the latest to support the Fed’s interest rate cut.The U.S.…