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[1/2] American airlines jets sit at gates at Washington's Reagan National airport in Washington, U.S. April 29, 2020. REUTERS/Kevin LamarqueWASHINGTON, June 12 (Reuters) - U.S. District Judge Leo Sorokin on Monday delayed the effective date of a permanent injunction after ruling American Airlines (AAL.O) and JetBlue Airways (JBLU.O) must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue. On Friday, the airlines asked Sorokin to allow them to continue mutual frequent flyer recognition and codeshare arrangements. The Justice Department said Sorokin should reject the airlines' "invitation to craft a new 'NEA Lite' on the fly." Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Kevin Lamarque WASHINGTON, Leo Sorokin, Sorokin, David Shepardson, Nick Zieminski Organizations: Reagan, REUTERS, District, American Airlines, JetBlue Airways, Northeast Alliance, NEA, JetBlue, Justice Department, American, JetBlue Boston, U.S, Department, Spirit Airlines, Thomson Locations: Washington , U.S, New York, Boston, Washington, York, JFK, LaGuardia, Newark

WASHINGTON, June 9 (Reuters) - American Airlines (AAL.O) and JetBlue Airways (JBLU.O) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. Codeshares allow multiple airlines to sell seats for the same flight. The Justice Department said Sorokin should reject the airlines "invitation to craft a new 'NEA Lite' on the fly." American is the largest U.S. airline by fleet size and low-cost carrier. Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Leo Sorokin, Sorokin, David Shepardson, Diane Craft Organizations: American Airlines, JetBlue Airways, District, Northeast Alliance, NEA, Justice Department, American, JetBlue Boston, U.S, JetBlue, Department, Spirit Airlines, Thomson Locations: New York, Boston, Washington, York, JFK, LaGuardia, Newark

☆ Singapore's love affair with air conditioning shows a Catch 22 of climate change
▼ + stars: | 2023-06-09 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

Thankfully, Chee said, his home has five air conditioners – one in each bedroom and a larger unit in the living room. “I drank plenty of water, took cold showers and kept the air conditioning on for the entire weekend. Indeed, in this city, air conditioning has become almost a way of life. But Singapore’s love affair with air conditioning has an enormous cost. Here are some possible solutions 02:39 - Source: CNNBreaking the loopStill, experts say there are ways to break the air conditioning doom-loop.

Persons: Chee Kuan Chew, ” Chee, “, Mo Kio, Chee, Lee Kuan Yew, Edgar Su, Suhaimi Abdullah, Matthias Roth, Roth, Radhika Khosla, ” Khosla, Heng Chye Kiang, Smart, Heng Organizations: CNN, Reuters, Economic, International Energy Agency, Urban, United States Environmental Protection Agency, National University of Singapore, United Nations, Montreal Protocol, Oxford University’s Smith School of Enterprise, Environment, Bloomberg, Getty, Singapore’s National Environment Agency, NEA, ”, National University of Singapore’s School of Design Locations: Singapore, New York City, Japan, United States, ”, Kigali, Montreal, Orchard

☆ CVS and NEA just sank $166 million into a startup building a new care model for kidney disease. Here's the pitch deck that convinced CapitalG to back Strive Health's Series B.
▼ + stars: | 2023-06-07 | by ( Lydia Ramsey Pflanzer | Megan Hernbroth | Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Strive Health just raised $166 million in May from investors like NEA and CVS Health Ventures. See the presentation that got Strive Health a $140 million Series B in March 2021. In May, Strive Health announced it raised $166 million in Series C funding led by healthcare venture firm NEA. The round included CVS Health Ventures, CapitalG, Echo Health Ventures, Town Hall Ventures, Ascension Ventures, and Redpoint. The Series C is Strive Health's latest raise since its $140 million Series B in March 2021.

Persons: Chris Riopelle, Riopelle Organizations: NEA, CVS Health Ventures, Health, Echo Health Ventures, Hall Ventures, Ascension Ventures, CapitalG, Google

☆ Here's an exclusive look at the pitch deck that Kira Learning, a startup that provides AI-powered software to help teach computer science to K-12 students, raise $15 million from investors like NEA
▼ + stars: | 2023-06-05 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Edtech startup Kira Learning uses AI-powered software to help K-12 students learn computer science. The idea was to help students become familiar with computer science before they get into college. Teachers in these schools had never taught computer science before, and many were new to learning coding skills themselves. The partnership will make Kira Learning's computer science courses available to all public middle and high schools in the state, at no cost to schools, Pasinetti said. Check out the 16-slide pitch deck that Kira Learning used to raise $15 million in Series A funding from NEA and the AI Fund:

Persons: Andrea Pasinetti, Andrew Ng, Pasinetti, Ng, Kira, Jagriti Agrawal, Kira Learning's, Kira Learning Organizations: Stanford University, Stanford, NASA, NEA, AI, AI Fund, Innovation Network Locations: Tennessee

☆ Welcome to the final phase of software eating the world. SaaS companies beware, you're on the menu this time.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

This could disrupt the way software is created, distributed, and used, VCs and startup founders say. This outcome would flip the traditional software industry on its head, calling into question the value of SaaS companies in a world where everyday people can build software themselves. "This is the final chapter of software eating the world, where a bunch of people can create enterprise software within the enterprise." A 'healthy pressure' for traditional SaaS providersTo be sure, the death of the traditional software company still seems a long way off. However, even skeptics admit that the threat of generative AI to traditional SaaS will push established software companies to prove their worth.

☆ Justice Department wins lawsuit to undo JetBlue, American Airlines partnership in the Northeast
▼ + stars: | 2023-05-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. A federal judge on Friday ordered American Airlines and JetBlue Airways to end their partnership in the Northeast, a win for the Justice Department after it sued to undo the alliance arguing it was anti-competitive. The lawsuit, filed in September 2021, alleged that the airlines' alliance was effectively a merger that would hurt consumers by driving up fares. Fort Worth, Texas-based American Airlines and New York-based JetBlue Airways argued they needed the so-called Northeast Alliance to better compete with other large carriers Delta Air Lines and United Airlines in congested airports in the region. Undoing the partnership would be difficult, especially during the peak summer travel season, which airlines have already sold tickets for.

☆ Justice Department wins lawsuit to end JetBlue and American Airlines alliance
▼ + stars: | 2023-05-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —American Airlines and JetBlue Airways have to break up their alliance on Northeast US flight routes, a US District Court judge ordered Friday. US District Judge Leo Sorokin ruled in favor of the the Justice Department, giving the Biden administration a victory in its years-long lawsuit against the airlines’ collaboration. The airlines have 30 days to end their partnership, Sorokin ruled – just as the busy summer travel season kicks off. The Justice Department also alleged the two airlines shared revenues earned at these airports, eliminating their incentives to compete with one another. CNN has reached out to American Airlines, JetBlue and the Justice Department for comment.

☆ A federal judge just told American and JetBlue to undo the Northeast Alliance in 30 days
▼ + stars: | 2023-05-19 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

The US Department of Justice has won its antitrust lawsuit against JetBlue Airways and American Airlines. Judge Leo Sorokin ruled the pair has 30 days to undo their powerful Northeast Alliance. It looks like the controversial partial union of JetBlue Airways and American Airlines may be over. According to Judge Sorokin, JetBlue and American have 30 days to undo their alliance, meaning they cannot work together to coordinate their fares or routes. Both airlines have already sold tickets, and the unraveling could cause a headache for JetBlue, American, and their customers.

☆ China's carbon emissions to hit new record in 2023 on economic rebound. But they could peak soon, report says
▼ + stars: | 2023-05-12 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s carbon emissions will likely hit a new record in 2023 on the back of an economic rebound, but a rapid expansion in green energy will enable its emissions to peak soon, a global energy think tank said on Friday. However, the emissions could peak soon, as China has accelerated its clean energy push and installed record amounts of solar and wind power capacity, the analysts pointed out. Coal production surged 11% in 2022 from 2021, according to the National Bureau of Statistics. This will lead to a sharp increase in bank lending and investment, particularly for manufacturing, transportation and energy production, they added. “When low-carbon power growth matches — and then exceeds — the annual increase in electricity demand, the sector’s CO2 emissions will peak,” they said.

☆ Exclusive: NEA and Pear VC just led a $4.5 million seed investment in Orby, the AI that has thoughts about your job performance
▼ + stars: | 2023-05-10 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

Stealth AI startup Orby recently closed a $4.5 million seed round led by NEA and Pear VC. The scramble into AI startups continues apace as NEA and Pear VC lead a $4.5 million seed investment into stealth startup Orby, which seeks to leverage the power of surveillance to automate away life's most tedious tasks. It identifies wasted energy and inefficiencies, repetitive tasks that can be automated and handed off to the computer. They say Orby can identify this repetition and write code to automate it. Eventually, they say, Orby may start to know your job better than you do, and find solutions you never thought of.

☆ The live volcano sitting below Santorini
▼ + stars: | 2023-04-26 | by ( Elinda Labropoulou | ) edition.cnn.com time to read: +11 min

CNN —Everywhere you look on Santorini, you’re reminded that you’re on a volcano. Few realize that beneath the hypnotic kaleidoscope of colors lies an active volcano. The East Mediterranean’s most active underwater, and potentially dangerous, volcano, Kolumbo, is five miles northeast of Santorini and part of the same volcanic system. They include a visit to the volcano of Nea Kameni: one of five islands that form the Santorini volcanic complex, and a national geological park in itself. A simmering volcanoTourists can take boat trips to Nea Kameni, home to an active volcano.

☆ 9 startups bringing AI tech to Netflix, Lucasfilm, Marvel, and more Hollywood studios — and attracting millions in VC funding
▼ + stars: | 2023-04-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

VCs and private equity have poured millions into startups bringing AI tech to film and TV production. AI startups disrupting Hollywood include MARZ and Wonder Dynamics, cofounded by "X Men" star Tye Sheridan. Investment in AI startups for entertainment is "blowing up right now," said Michael Blank, head of consumer investing at CAA. There are already AI tools that can write full scripts. Vendors and investors told Insider that over time, AI tools will change jobs, not replace them.

☆ These 8 startups are bringing AI technology to Netflix, Lucasfilm, Marvel Studios, and more — and attracting millions in VC funding
▼ + stars: | 2023-03-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

VCs and private equity have poured millions into AI startups seeking to disrupt film and TV production. Startups making waves in Hollywood AI include MARZ and Deep Voodoo, founded by the creators of "South Park." Generative AI has spawned a raft of tools with real-life applications to Hollywood — and VCs are getting in on the action. There are already AI tools that can write full scripts. Vendors and investors told Insider that over time, AI tools will change jobs, not replace them.

☆ In the midst of the AI boom, investors are doubling down on diligence. Here are the five questions VCs are asking every generative AI startup during pitches.
▼ + stars: | 2023-03-02 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

Buzzy generative AI startups have so far avoided the troubles plaguing the rest of the tech world. Here are the five diligence questions investors are asking generative AI startups, according to VCs. But for generative AI startups, 2023 has been much of the same — and that hasn't been a bad thing. Insider spoke with eight of these VCs about the top five questions they're asking generative AI startups during diligence processes. One hallmark of generative AI startups are their eye-staggering round sizes.

☆ Exclusive: Buzzy generative AI-powered search engine Perplexity AI taps NEA to lead funding round at a $150 million valuation
▼ + stars: | 2023-03-02 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +3 min

AI search engine startup Perplexity AI is raising a funding round led by NEA, Insider has learned. The deal aims to raise between $20 and $25 million at a $150 million post-money valuation, according to sources. The fundraise continues the trend of large rounds and valuations in the buzzy generative AI space. AI search engine startup Perplexity AI is in talks to raise a funding round led by NEA, according to three people with knowledge of the financing who were not authorized to speak publicly. Perplexity AI cofounder and CEO Aravind Srinivas declined to comment.

☆ Returns from top venture firms NEA, DCM, and Khosla have been dismal over the past 2 decades, according to filings from California's largest pension fund, CalPERS
▼ + stars: | 2023-02-15 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

CalPERS is the US's largest public pension plan, managing the retirement accounts of 1.5 million California employees and retirees. Unlike many other financial institutions, VC funds are not required to show their return on investment in startups. The CalPERS fund's $75 million bet in 2001 on a venture fund managed by the Carlyle Group lost money. A $25 million investment in DCM's 2000 fund had a 1.9% IRR. Its $260 million investment in two Khosla Ventures funds in 2009 yielded an IRR of 11.8% for the early-to-midstage fund and 6.9% for the seed-stage fund.

☆ ExodusPoint's 2022 struggles is a lesson for all of Wall Street: Play the hits
▼ + stars: | 2023-02-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

I shudder to compare some of the greatest artists of our generation to a hedge fund, but I can't help but notice some similarities between their disdain for their biggest hits and ExodusPoint's difficult 2022. The hedge fund, which still holds the industry's largest launch in history, ended the year with fewer assets, employees, and PMs than it started with. The world's biggest hedge fund has a new co-CIO. Ken Griffin, the billionaire owner of hedge fund Citadel, is causing quite the stir over his suggestion that a historic home on a property he owns in Miami be relocated. The firm continues to cut back on the size of a venture-capital fund its raising, The Wall Street Journal reports, with a new goal of $5 billion.

☆ $1.4 billion Stash just announced its new CEO, who's focused on getting the company in a 'great position' for a potential IPO
▼ + stars: | 2023-02-02 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

The financial-technology company, which offers investing, trading, and savings features for its 2 million users via a subscription-based model, announced Liza Landsman as its new CEO on Thursday. She succeeds Stash cofounder Brandon Krieg, who is staying at the company as head of business development. When Insider asked Landsman about future plans for Stash — raising more funds, looking to be acquired, or going public — the new CEO honed in on an IPO. Cofounder and former CEO Krieg is stepping into a new position within the company as head of business development. He'll lead the development of a new business-to-business channel that will allow Stash users to access funds on the app through their employers.

☆ Hate fast fashion? You can compost this new streetwear clothing line
▼ + stars: | 2023-01-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Fast fashion is big business, but it is also a big polluter, responsible for about 10% of global carbon emissions. Roughly 70% of the $3 trillion fashion industry is comprised of articles made from synthetics or petrochemicals. While some companies are claiming sustainable clothing lines, there is a very wide variance in what that means. For some the carbon reduction is in the manufacturing, while for others it is in the clothing itself. They're all made from 100% plant-based nutrients like recycled cotton, hemp, plant-based leather and coconut fiber, according to the company.

☆ U.S. startup Outrider raises $73 mln to scale up autonomous yard trucks
▼ + stars: | 2023-01-19 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

Jan 19 (Reuters) - U.S. self-driving truck firm Outrider said on Thursday it has raised $73 million in funding to scale up its autonomous trucks operating in distribution yards for customers in e-commerce, manufacturing and other industries. It also includes fresh funding from American venture capital fund New Enterprise Associates (NEA) and the venture capital arm of industrial conglomerate Koch Industries. Outrider says its self-driving yard truck "hitches to and unhitches from trailers, robotically connects and disconnects trailer brake lines, backs semi-trailers with precision, interacts safely with loading docks, and keeps track of trailer locations throughout the yard." The company says its customers represent more than 20% of all yard trucks operating in North America, and have invested in joint product testing and pilot operations since 2019. Yard trucks are designed to move trailers and cargo containers in distribution yards.

☆ Amid the largest layoffs in Big Tech history, startups are having unprecedented success hiring top talent. But founders are still skeptical about hiring Big Tech employees.
▼ + stars: | 2023-01-06 | by ( Rosalie Chan | Katie Malone | ) www.businessinsider.com time to read: +7 min

Startups have had unprecedented success hiring top tech talent upending a decades long power imbalance. Suddenly, several thousand quality tech workers were job hunting, and it didn't seem like Big Tech would be hiring them back anytime soon. But lately, things have been changing, and his startup has become more attractive to former Big Tech workers, he said. "Just because they come from Big Tech companies does not mean they're quite suitable for my needs." Still, recruiters told Insider, startups rarely judge tech workers solely on whether they've worked at a Big Tech company or a startup.

☆ VCs say hybrid work, generative AI, and niche collaboration tools will be some of the top future-of-work trends that dominate 2023
▼ + stars: | 2022-12-20 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +6 min

Insider talked to VCs about the rising trends they say will revolutionize the way we work and live. Insider spoke with 15 venture capitalists about the trends and verticals they think are most likely to revolutionize the way we work and live today. Therefore, startups that will thrive going forward are those that embrace a mix of in-person and remote work, known as hybrid work, Thacker and other VCs said. An increase in workers caregiving for aging or sick family members is also supported by flexible work, the CRV general partner Kristin Baker Spohn said. "A lot of employees, whether it's the Great Resignation or the pandemic, found themselves changing the way that they work."

☆ Greece, Britain discussing Parthenon Sculptures return but deal not close, Athens says
▼ + stars: | 2022-12-05 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

ATHENS, Dec 5 (Reuters) - The Greek government on Monday quashed local media reports that a deal with Britain over the repatriation of the Parthenon Sculptures to Athens was imminent but said the two sides were in talks on the long-running dispute. The museum, custodian of the sculptures known in Britain as the Elgin Marbles, also reiterated it would not dismantle its collection. Last week, Greek Prime Minister Kyriakos Mitsotakis said that there was "progress" and a sense of "momentum" in talks with Britain to reunite the sculptures in Greece. Citing a British official, Greece's ANT1 TV said on Sunday that the only way to return the sculptures to Greece without violating British law was "if the British Museum opened a kind of annex in Greece". In March, the United Nations' cultural agency UNESCO urged Greece and Britain to reach a settlement on the issue.

☆ Inside the stunning unraveling of Bright Health, a health-insurance upstart that rocketed to an $11.2 billion valuation and then cratered as it grew too fast
▼ + stars: | 2022-12-05 | by ( ) www.businessinsider.com time to read: +11 min

Bright Health Group grew fast. "We're just starting to realize the full potential of our differentiated model, and we're excited about the future of Bright Health Group," Bright CEO G. Mike Mikan told analysts at that investor event. Bright Health is one of a handful of upstarts trying to take on the health-insurance industry. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderBreaking into the health-insurance industry is tough. Bright moves to cut expensesAs losses mounted in 2021, Bright scrambled to raise capital.

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