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☆ Why Silicon Valley is so hot on nuclear energy and what it means for the industry
▼ + stars: | 2022-12-02 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +13 min

Pallava Bagla | Corbis News | Getty ImagesVenture capitalists in Silicon Valley and other tech hubs are investing money in nuclear energy for the first time in history. This surge of private investment will be a positive for the industry, agrees John Parsons, an economist and lecturer at MIT. Nuclear energy is "a very complex science, and it's been supported by the federal government and at these national labs. In the 1960s and 1970s, large conglomerates constructed big nuclear power plants, and those projects often ran over budget. New generations of nuclear reactors will have different sizes, different coolants and different fuels, explained Matt Crozat, senior director of policy development at the Nuclear Energy Institute.

☆ FTX hired private planes to fly Amazon packages from Miami to staff at its Bahamas HQ because it didn't deliver to the country, report says
▼ + stars: | 2022-11-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The US office's 75 employees could spend $200 a day on DoorDash food delivery – a total of $15,000. And when they realized Amazon didn't cover The Bahamas, deliveries were flown privately from Miami. With around 75 staff based at FTX's American firm per Axios, that would mean a $15,000 allowance in DoorDash food delivery credits every day. After FTX moved its head office from Hong Kong to The Bahamas in September 2021, employees realized that Amazon didn't deliver to the island. In bankruptcy court, it was also revealed that staff submitted expenses through online chat platforms, which were approved with emojis.

☆ Venture capitalists flock to blockchain firms in third quarter - Pitchbook
▼ + stars: | 2022-11-29 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - Decentralized finance (DeFi) and Web3 were the primary targets of early-stage startup funding from some of the top private investors in the third quarter, research firm Pitchbook said on Tuesday, even as overall venture capital investments declined. Outlook for funding in the current quarter has darkened as cryptocurrencies reel from the impact of the stunning collapse of FTX earlier this month. Overall, venture capital (VC) activity softened for the third consecutive quarter, totaling $4.7 billion across 153 deals, a 32% decline from second quarter's $6.9 billion across 244 deals, Pitchbook said. Other hot sectors for VC investments included financial technology, accounting for $737.4 million across 24 deals during the quarter, and biotechnology, that lured in $725.8 million across 11 deals, Pitchbook said. Pitchbook's Emerging Tech Indicator report tracked 153 early and seed-stage deals that involved the top 15 VC firms out of 5,997 total deals in the third quarter of 2022.

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