The White House’s efforts to combat climate change have sparked a tech arms race with the EU
The Inflation Reduction Act hasn’t sparked a trade war between the U.S. and the EU like some observers predicted, but an arms race instead.
Why AI hardware needs to be open
When OpenAI acquired Io to create “the coolest piece of tech that the world will have ever seen,” it confirmed what industry experts have long been saying: Hardware is the new frontier for AI. AI will no longer just be an abstract thing in the cloud far away. It’s coming for our homes, our rooms,…
August 2023
School of Fintech: Managing Your Finances as a College Student
An exciting transformative period awaits you as you brace up for your college life. It’s more than an academic journey, given that more significant social and financial exposure requires you…
School of Fintech: Managing Your Finances as a College Student
An exciting transformative period awaits you as you brace up for your college life. It’s more than an academic journey, given that more significant social and financial exposure requires you…
Are Stock Investors Losing that Loving Feeling?
The big early 2023 bull rally for the S&P 500 (SPY) is now officially over. What comes next? How best to trade this more difficult environment? And what are the…
Peak XV eyes $50M investment in former Edelweiss executives’ Neo
Peak XV Partners is in advanced stages of deliberations to lead a financing round in Neo Group, an asset management and financial advisory firm, three sources familiar with the matter said. The firm is finalizing an investment of as much as $50 million in Neo Group, which also runs a family office, the sources said, […]
China’s car companies are turning into tech companies
This story first appeared in China Report, MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. This year, car buyers in China are constantly bombarded with claims about how advanced Navigation on Autopilot (NOA) systems are coming to their city. These software systems are not quite fully…
How a half-trillion dollars is transforming climate technology
A half-trillion dollars is starting to work its way through the US economy, remaking climate technology along the way. One year ago, the Inflation Reduction Act was signed into law, marking the most significant action on climate change to date from the federal government. The legislation set aside hundreds of billions of dollars to support…
Intel and Tower Semiconductor cancel $5.4B merger over regulatory hurdles
Intel has called time on its plan to acquire contract chipmaker Tower Semiconductor, citing its inability “to obtain in a timely manner the regulatory approvals required under the merger agreement.” Chip giant Intel first announced it was planning to buy the Israeli company for $5.4 billion way back in February last year, a move designed […]
Tech is broken—can collective action fix it?
For Silicon Valley venture capitalists and founders, any inconvenience big or small is a problem to be solved—even death itself. And a new genre of products and services known as “death tech,” intended to help the bereaved and comfort the suffering, shows that the tech industry will try to address literally anything with an app. …
Founders Factory Africa to deploy $114M using learnings from past programs
This week, South African early-stage accelerator and investor Founders Factory Africa (FFA) raised $114 million. The firm plans to use the impact capital from Mastercard Foundation and Johnson & Johnson Impact Ventures “to scale its model to better serve founders across the African tech ecosystem.” FFA combines venture studio and VC models, providing investment and […]