Tag: economy

SoftBank’s Deepcore and accelerator Zeroth team up to hunt early stage AI opportunities

Two early stage AI programs are joining forces because, even in the world of artificial intelligence, two heads are better than one. Hong Kong-based accelerator Zeroth — which recently grabbed a majority investment from Animoca Brands — and Deepcore, a Japanese incubator and fund that is part of the SoftBank group,

Cities that didn’t win HQ2 shouldn’t be counted out

Brooks Rainwater Contributor Share on Twitter Brooks Rainwater is the director of the Center for City Solutions and Applied Research at the National League of Cities. More posts by this contributor As tasks wane, skills rise Blockchain technology could be the great equalizer for American cities Scott Andes Contributor Share

Pitching a $99 tax advisory service for the masses, Visor has raised $9 million

The only sure things in this life, according to Ben Franklin, are death and taxes. And a new startup called Visor has just raised $9 million in financing to make one of them as painless as possible. Unlike Nectome, Visor won’t kill anyone, but it may ring the death knell for the high

Bitcoin and the crypto market is once again crashing hard

It’s not been a pretty year for anyone who owns Bitcoin, but the last 24 hours has been a period to forget as the cryptocurrency dropped below $100 billion in market cap for the first time in more than a year. You have to go back to the end of

The great Amazon swindle

Amazon has confirmed that it will open two massive new offices in New York City and Crystal City, Va., to complement its already massive headquarters in Seattle. And the verdict on the company’s decision is disgust. Amazon played everyone involved in the process: the governments that pandered to it and

Metacert’ Cryptonite can catch phishing links in your email

Metacert, founded by Paul Walsh, originally began as a way to watch chat rooms for fake Ethereum scams. Walsh, who was an early experimenter in cryptocurrencies, grew frustrated when he saw hackers dumping fake links into chat rooms, resulting in users regularly losing cash to scammers. Now Walsh has expanded

Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

Flipkart, the India-based e-commerce firm owned by Walmart, has lost CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and he had served as its CEO since 2016, before going on to become

Chinese WeWork rival Ucommune raises $200M to go after international growth

China’s Ucommune, the country’s largest rival to WeWork, has been on a busy acquisition spree to build out its domestic business and now it is looking at overseas opportunities after it closed a $200 million Series D funding round. The new round was led by Hong Kong-based All-Stars Investment with

Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies Tarform debuted new e-motorcycles but is there a U.S. market? Nigerian consumer data

Travel startups are taking off

The second wave of Internet-era travel companies has captured the attention of venture capitalists. In the last five years, travel companies have raised more than $1 billion in venture capital funding. That includes short-term rental startups, travel and tourism apps, marketplaces for “experiences” and other travel or hospitality tech platforms.