Category: Venture
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LINK Price Soars 40% After Trump’s Crypto Venture Purchases 220,000 Tokens In 15 Minutes
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This article is also available in Spanish. On Monday, the cryptocurrency market saw a huge surge in Chainlink (LINK) prices following a blockbuster acquisition by World Liberty Financial (WLFI), the cryptocurrency project linked to President Donald Trump. Trump’s global financial freedom drives prices higher In a series of quick transactions…
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Microsoft relaxes data center grip on OpenAI amid $500 billion joint venture
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Written by Stephen Nellis and Crystal Ho (Reuters) – Microsoft (MSFT) said on Tuesday it had changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle (ORCL) and Japan’s SoftBank Group to build up to $500 billion of new artificial intelligence…
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ICL forms lithium iron phosphate venture for battery market
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ICL has signed a joint venture agreement with Shenzhen Dynanonic to establish production of lithium iron phosphate cathode active materials in Europe, with an initial investment of €285 million. Israeli Specialized Metals Company ICL (level: ICL:New York Stock Exchange: ICLHuawei announced that it has signed a joint venture agreement with…
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Intel to spin off venture capital arm
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Intel is parting ways with another asset in the company’s shake-up over the past year, as its management seeks to focus on its core business. The chip company is spinning off its venture capital arm Intel Capital, which is active in Israel, where its portfolio includes Amnon Shashua’s artificial intelligence…
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Intel to Turn Venture Arm Into Separate Firm With New Name
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(Bloomberg) — Intel Inc., the once-dominant chipmaker struggling to revitalize its business and finances, plans to spin off its venture capital arm into a separate fund with a new name. Most read from Bloomberg The chipmaker will remain a “major investor in the new company,” according to a statement issued…
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Winner of The Apprentice unveils first venture with Lord Sugar backing
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Rachel Woolford, winner of BBC’s The Apprentice 2024, has revealed plans for her first collaboration with Lord Alan Sugar, an extension of her North Studio fitness establishment in Leeds, designed to meet growing demand for Reformer Pilates. Woolford, 28, secured a £250,000 investment from Lord Sugar earlier this year when…
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Trump Crypto Venture Snaps Up $250,000 In ONDO Tokens
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World Liberty Financial (WLFI), the decentralized finance (DeFi) platform funded by Donald Trump and his family, has released news of its recent acquisition of ONDO tokens. according to Arkham Intelligence statistics on the seriesOn December 16, 2024, WLFI purchased 134,216 ONDO tokens via the Cow Protocol for approximately $250,000 USD.…
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Gett founder Dave Waiser unveils invitation only venture
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Last week, Gett founder and former CEO Dave Waiser unveiled a new venture called Accumulator, raising $46 million at an estimated valuation of $140 million. The company offers an innovative solution to a problem known to startups: how to convert founders’ shares into ready cash? It enables founders to use…
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Gett founder Dave Waiser unveils invitation only venture
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Last week, Gett founder and former CEO Dave Waiser unveiled a new venture called Accumulator, raising $46 million at an estimated valuation of $140 million. The company offers an innovative solution to a problem known to startups: how to convert founders’ shares into ready cash? It enables founders to use…
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Venture capitalist Ben Horowitz to make ‘significant donation’ for Harris By Reuters
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Written by Kanishka Singh WASHINGTON (Reuters) – Venture capitalist Ben Horowitz said on Friday he would make a “significant donation” to entities supporting the Democratic presidential campaign of Vice President Kamala Harris, who faces Republican former President Donald Trump in the Nov. 5 election. Why is it important Venture capital…
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Cardano Founder Warns Trump DeFi Venture Could Politicize Crypto Landscape
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Charles Hoskinson, co-founder of Cardano and Ethereum, has expressed deep concern about former President Donald Trump’s new DeFi platform project known as World Liberty Financial. Speaking in interviews, Hoskinson said the project is likely to turn into political flashpointThis could exacerbate the already delicate situation surrounding cryptocurrency regulation in the…
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Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion By Reuters
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(Reuters) – U.S. aluminum company Alcoa Saudi Aramco (NYSE:) said on Sunday it will sell a 25.1% stake in its joint venture with Saudi Arabian Mining Co. (Maaden) for $1.1 billion. Alcoa said in a statement that the deal includes approximately 86 million Maaden shares and $150 million in cash,…
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Trump crypto venture WLFI is a ‘huge mistake,’ investor says
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The Trump family’s latest business venture — originally launched as a DeFi platform called “The Defiant Ones,” but since rebranded as World Liberty Financial — is fraught with controversy just days after it was unveiled. While Trump’s eldest sons, Eric Trump and Donald Trump Jr., are “ambassadors” for World Liberty…
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US judge delays launch of sports streaming venture from Disney, media giants By Reuters
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By Don Chmielewski and Jack Quinn (Reuters) – A U.S. judge on Friday temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney Co and Amazon. Disney (NYSE:), Fox, and Warner Bros. Discovery (NASDAQ:), which aim to attract younger sports fans who don’t…
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Hamster Kombat Rejects Venture Capital To Empower Players
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In the fast-evolving world of blockchain gaming, where the lure of venture capital funding is ever-present, one game has taken a bold and unconventional stance. Hamster Kombat, the popular click-to-earn game, has made waves by rejecting several pitches from top-tier crypto venture capital firms. This decision, which stems from the…
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Hamster Kombat Rejects Venture Capital To Empower Players
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In the fast-evolving world of blockchain gaming, where the lure of venture capital funding is ever-present, one game has taken a bold and unconventional stance. Hamster Kombat, the popular click-to-earn game, has made waves by rejecting several pitches from top-tier crypto venture capital firms. This decision, which stems from the…
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High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo Shares
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 2, 2024 •…
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High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo Shares
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 2, 2024 •…
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AI deals lift US venture capital funding to highest level in two years, data shows By Reuters
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By Crystal Ho (Reuters) – U.S. venture capital funding jumped to $55.6 billion in the second quarter, the highest quarterly total in two years, according to data from PitchBook released on Wednesday. The latest figure represents a 47% jump from the $37.8 billion raised by U.S. startups in the first…
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Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
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Shares of Rivian (RIVN) rose in the hours after the electric vehicle maker announced a joint venture deal with Volkswagen (VWAGY), bringing new capital into Rivian’s coffers. Shares of Irving, Calif.-based Rivian rose more than 40% in after-hours trading. Volkswagen has announced that it intends to work with Rivian to…