In June, on the final day of CSX—demo day—the founders were set to deliver a short pitch to a room full of investors. As the setting, a16z had chosen a flashy basement venue on the edge of Soho, normally for live music and clubbing. A mezzanine balcony overlooks a floor space, flanked by floor-to-ceiling neon
Month: July 2024
Discontent is brewing across the country, with opposition particularly strong in areas known as the “green belt,” swaths of countryside designated to prevent urban sprawl. Labour is well-aware the party’s plan to make it easier to build data centers risks causing conflict between developers and locals, according to two people with knowledge of internal party
After major investor Volvo decided to decrease its stake and cut funding for Polestar early this year, the EV company went in search of $1.3 billion of new funding. It raised a $950 million lifeline three-year loan from a banking syndicate led by BNP Paribas, and told investors it has plans to continue raising the
A month after Hamas militants from Gaza attacked an Israeli music festival last October, the Hebrew rap duo Ness & Stilla premiered “HarbuDarbu” on YouTube. The military hype song celebrates Israeli forces waging war in Gaza and has drawn over 25 million views; its critics have termed the song a violent and hateful anti-Palestinian “genocide
Cultivated meat firm Upside Foods has cut its workforce as the industry continues to struggle with bans from legislators and a significant downturn in venture capital funding. In an email sent to employees, Upside CEO Uma Valeti wrote that 26 people would leave the company and that executive and leadership teams would be restructured to
SpaceX has adopted similar tactics in its battles against federal regulators. After the National Labor Relations Board in January accused the company of illegally firing eight workers for criticizing Musk in an internal letter, SpaceX filed a lawsuit alleging that the agency’s structure is unconstitutional. The overturning of Chevron in particular means “we’re clearly going
“People make fun of me about the fridges,” said Tassos Stassopoulos. “I am fridge-obsessed.” As the founder and managing partner of Trinetra, a London-based investment firm, Stassopoulos has pioneered an unusual strategy: peeking inside refrigerators in homes around the world in order to predict the future—and monetize those insights. By the time of his refrigeration
For the past eight months, Europeans uncomfortable with the way Meta tracks their data for personalized advertising have had another option: They can pay the tech giant up to €12.99 ($14) per month for their privacy instead. Launched in November 2023, Meta introduced its “pay or consent” subscription model as fines, legal cases, and regulatory