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☆ Britain looks to upstage France with play for world's third major AI hub after U.S., China
▼ + stars: | 2024-06-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.

Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain

☆ Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
▼ + stars: | 2024-06-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Zilch initially sourced credit for its installment plans and other loans from Goldman Sachs 's private credit arm. The additional $190 million of credit will become available to Zilch as the firm continues to grow. Once Zilch has reaches the $315 million maximum funding threshold, it expects to generate nearly $10 billion of GMV by 2026. The firm reported revenues of £30 million ($38 million) in the 12 months ended March 2023. Zilch also has an advertising sales network where it provides placements for retailers to promote their wares to consumers.

Persons: Phil Belamant, Zilch, it's, Goldman Sachs, Philip Belamant, we've, Goldman, Belamant Organizations: LONDON, Deutsche Bank, Goldman, CNBC, Apple, Citi

☆ Opinion | The Governor’s Race You Cannot Ignore
▼ + stars: | 2024-06-18 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

That’s how Mark Robinson’s aides characterize any attention to his diatribes against Jewish people, gay people, women. They want voters in North Carolina, where he is the Republican nominee for governor, to see him as just another conservative whose straight talk and religiousness come under predictable fire from the ambassadors of wokeness. And Robinson’s fate will be an especially revealing referendum on just how much, in the America of 2024, tribalism trumps common sense and common decency and voters tune out the truth. The governor’s race pits Robinson, who’d be North Carolina’s first Black governor, against Josh Stein, the Democrat, who’d be its first Jewish one. And they’re the very foundation of his improbable political career: He was elected lieutenant governor of North Carolina in 2020 almost solely on the basis of a single speech in opposition to sensible restrictions on firearms.

Persons: Mark Robinson’s, MAGA, Robinson, who’d, Josh Stein, it’s, Stein, ”, Paul Pelosi, Michelle Obama Organizations: Republican, wokeness, Democrat Locations: North Carolina, America

☆ Michael Pollan says broccoli is better than any supplement — here's why
▼ + stars: | 2024-04-12 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +4 min

Read previewIt's no secret that Michael Pollan loves plants. The author of "The Omnivore's Dilemma" and "In Defense of Food" knows that vegetables aren't just great diet staples. "It's much better to get your vitamins from food," Pollan told Business Insider, ahead of the release of his latest food system documentary, Food, Inc. 2 (out Friday, April 12). Advertisement"When they identified this compound," Pollan said, "and then they put it in a supplement, it did not have the same effect." AdvertisementPollan pops one supplement: a multivitaminChris Rogers/Getty ImagesIn addition to his veggie-rich diet, Pollan does take a multivitamin, "but that's it," he said.

Persons: —, Michael Pollan, He's, Pollan, cole, Chris Rogers Organizations: Service, Defense, Business, Food, Inc Locations: Brussels

☆ HRT use by younger women linked to dementia, study says. Experts disagree
▼ + stars: | 2023-06-28 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

However, experts who treat and study menopause say the study is unable to draw a direct connection to later-life dementia and that the overall benefits of hormone replacement therapy, or HRT, far outweigh the risks for many patients. “One finding in the study was a link between dementia and the use of HRT for a very short time span, under a year. Researchers compared people with dementia who had used hormone therapy, even briefly, with those from the larger group who had not. The chance of being diagnosed with dementia went up with years spent on HRT, the study found. When women used 12 or more years of hormone therapy, the association with a diagnosis of dementia rose to 74%, Pourhadi said.

Persons: ”, Nelsan, Pauline Maki, David Curtis, Kejal, Kantarci, Andrea Lenzi, University of Rome La Sapienza, ” Pourhadi, Pourhadi, Maki, ” Maki, Susan Davis, Amanda Heslegrave, ” Heslegrave Organizations: CNN, Danish Dementia Research, Copenhagen University Hospital Rigshospitalet, University of Illinois, UCL Genetics Institute, University College London, Mayo Clinic, University of Rome La, University of Illinois’s Center for Research, Women’s, Monash University, Dementia Research Locations: Danish, Denmark, Chicago, neuroradiology, Rochester , Minnesota, Taiwan, Melbourne, Australia, London

☆ How You Can Grab a 0% Tax Rate
▼ + stars: | 2023-03-31 | by ( Laura Saunders | ) www.wsj.com time to read: 1 min

Zero, zip, zilch: The U.S. tax code has a 0% rate on investment income, even for Americans with significant assets. The waning days of this tax-filing season are a good time to think about how to use it in the future. The zero rate isn’t a secret. It has been in effect since 2008, and nearly 11 million filers—about 7%—qualified for it in 2020, according to the latest Internal Revenue Service data. That total included about 34,000 filers earning $1 million or more.

☆ Zilch CEO on the road ahead for the Buy Now, Pater Later space
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZilch CEO on the road ahead for the Buy Now, Pater Later spacePhilip Belamant, Co-Founder and CEO of Zilch, weighs in on the Buy Now, Pay Later space following Apple's launch of its own financial service.

☆ Car financing fintech Carmoola just raised $125 million in a mix of debt and equity. Check out the 12-slide pitch deck it used to raise the fresh funds.
▼ + stars: | 2023-02-22 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Car financing fintech Carmoola has raised $125 million in a mix of debt and equity. The London-based startup offers credit for used car purchases and incentivizes EVs. Car financing fintech Carmoola has raised $10.3 million in a Series A round led by QED Investors and a further $115 million in debt. The London-based startup, founded in 2022, employs a buy now, pay later approach to car financing by offering loans for used car purchases in the UK. A frustrating and expensive personal journey led to the former CEO of home rental company MoveBubble, moving into the car financing sector.

☆ 'Investors changed the rules of the game overnight.' The CEOs of Rapyd, Revolut, Wefox, and Klarna look ahead to fintech in 2023.
▼ + stars: | 2022-12-30 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

After a bruising year for the sector, fintech startups are prioritizing profitability. The CEOs of Revolut, Klarna, Wefox, and Rapyd outlined the new reality for consumer-facing fintech. "Investors changed the rules of the game overnight," Rapyd CEO Arik Shtilman told Insider. "Investors changed the rules of the game overnight," Arik Shtilman, CEO and founder of $15 billion fintech Rapyd told Insider at the Slush conference in Helsinki. Regardless of whether a focus on profitability has been pushed by investors or not, the tide has now turned for the fintech sector in Europe.

☆ More Americans tapping buy now, pay later for holiday gifts shows 'how stressed the economy is,' Harvard researcher says
▼ + stars: | 2022-11-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Americans are increasingly finding alternative ways to satisfy their holiday wish lists as they continue to grapple with high prices and inflation. On Black Friday through Cyber Monday, buy now, pay later payments through companies such as Klarna, Zip, Zilch, Affirm and Afterpay jumped 85% compared with the week before, according to the most recent data from Adobe. Buy now, pay later revenue rose 88% for the same period. Lux called this year's spike in installment buying "horrible, and a real statement on how stressed the economy is, especially for the average American." Heading into November, 60% of Americans reported living paycheck to paycheck.

☆ Some People Are Getting 14 Times the Average Savings Account Rate. Here Are the Best Offers
▼ + stars: | 2022-11-10 | by ( ) www.wsj.com time to read: +6 min

By Martha C. WhiteAfter years of earning essentially zilch on your cash, it’s finally possible to see a real return in your savings account. (Capital One 360 Performance Savings remains our pick for Best Overall Savings Account.) Strategies to find the best savings ratesThere are a few places you can search for a savings account that offers high interest—and a couple of caveats to keep in mind. Try an aggregatorSites that aggregate banking offers can be a good place to start your search for a high-yield savings account. With lower overhead than their bricks-and-mortar counterparts, these businesses have more leeway to offer higher rates on deposits.

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