Main Sequence hits first close of $450M AUD for its third deep tech fund

July 25, 2023
Main Sequence, an Australian venture capital firm, said Wednesday it has raised the $450 million AUD (approximately $303 million) first close of its third fund. The venture capital firm, founded by Australia’s national science agency CSIRO (Commonwealth Scientific and Industrial Research Organisation), has secured funding from new limited partners, including LGT Crestone, NGS Super, Daiwa Securities […]

Snap’s revenue woes continue but earnings yield a few bright spots

July 25, 2023
Snap just reported its quarterly earnings and it’s a bit of a mixed bag. Snapchat’s parent company brought in $1.07 billion during Q2 — up from last quarter but a year-over-year dip. Snap saw its first revenue decline as a public company in Q1, marking a 7% drop in sales from the previous year. At […]

Amazon will now warn consumers of recalls and product safety alerts related to their orders

July 25, 2023
Amazon today introduced a new feature that will allow consumers to be better informed about potential product safety alerts and recalls. Now, instead of having to seek out product recall information through third-party websites and other news sources, Amazon shoppers will be able to access a new “Your Recalls and Product Safety Alerts” page that […]

Spotify CEO teases potential AI-powered capabilities surrounding personalization, ads

July 25, 2023
During Spotify’s second-quarter earnings call this morning, CEO Daniel Ek teased a few ways the streaming service could introduce additional AI-powered functionality. Ek touched on how AI could be used to create more personalized experiences, summarize podcasts and generate ads. Earlier this year, the company launched a DJ feature that delivers a curated selection of […]