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☆ See the 9-slide pitch deck that startup Thoughtful AI used to raise $20 million from Drive Capital for its AI agents
▼ + stars: | 2024-07-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

"We just didn't see the ROI except for in healthcare," Thoughtful AI cofounder and CEO Alex Zekoff said. AdvertisementThe Austin, Texas-based startup just grabbed $20 million in Series A funding, led by Drive Capital and including TriplePoint Capital. Thoughtful AI is also announcing its first three AI agents, named CAM, EVA, and PHIL, to process medical claims, check patient insurance coverage, and record payments. Zekoff said Thoughtful AI aims to hit $10 million in annual recurring revenue by the end of the summer. Check out the presentation Thoughtful AI used to raise $20 million from Drive Capital.

Persons: —, Alex Zekoff, it's, PHIL, — it's, Zekoff Organizations: Service, Business, Drive Capital, TriplePoint, Athelas, Big Tech Locations: Austin , Texas, Brazil, Romania

☆ Top Wall Street analysts like these 3 dividend stocks for passive income
▼ + stars: | 2024-04-07 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors can turn to the expertise of Wall Street analysts who can identify stocks with long-term growth potential and the ability to generate the solid cash flows needed to support continued dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Walmart Ownership Structure on TipRanks)SLBThis week's third dividend pick is oilfield services company SLB (SLB). SLB stock offers a dividend yield of 2%. (See SLB Stock Buybacks on TipRanks)

Persons: Wall, Kenneth Lee, Lee, TipRanks, Corey Tarlowe, Tarlowe, Goldman Sachs, Neil Mehta, Mehta Organizations: Walmart, Wall Street, OneMain Holdings, RBC Capital, OneMain, Jefferies Locations: Hallandale Beach , Florida, TipRanks

☆ Asian stocks bounce on China spending plans; inflation jolts Aussie
▼ + stars: | 2023-10-25 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.9% and the Hang Seng (.HSI) 2%. China's top parliament approved a 1 trillion yuan ($137 billion) bond issue, state media reported adding the funds would be spent rebuilding disaster zones and improving infrastructure. Investors pulled forward European rate cut expectations a little and the euro was nursing losses at $1.0594. The annual pace of inflation in Australia slowed in the third quarter, but at 5.4% was above forecasts of 5.3%. Oil fell in commodity trade on Tuesday, thanks to the weak economic data from Europe, and was nursing losses on Wednesday.

Persons: Dado Ruvic, hawkish, Bonds, Steven Leung, UOB Kay Hian, Leung, Glenn Yin, Lincoln Organizations: REUTERS, Japan's Nikkei, Treasury, Central, Central Huijin, Investors, 25bp, ANZ, Brent, AETOS Capital Group, U.S . Securities, Exchange Commission, Thomson Locations: China, SINGAPORE, Asia, Pacific, Japan, Tokyo, U.S, Hong Kong, Central, Australia, Europe, Melbourne, United States, Russia, Israel, Gaza, BlackRock

☆ A.I. offers 'magic elixir' for a slowing economy, says Raymond James. The best ways to play it
▼ + stars: | 2023-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Artificial intelligence may be the answer to a slowing economy, according to Raymond James. The Wall Street firm said AI is potentially the next "productivity catalyst" for a lackluster macro backdrop and outlined its favorite stocks to play the trend. These are some of the AI-focused names Raymond James recommends betting on: Perhaps unsuprisingly, Microsoft made the list. Raymond James also highlighted data infrastructure stocks powering AI platforms as another growth-driver for businesses such as Arista Networks . Other top AI picks from Raymond James include Salesforce , Alphabet and American Tower Corporation .

Persons: Raymond James ., commercializes, Frank Louthan, Raymond James, Wall, NVDA, Louthan, — CNBC's Michael Bloom Organizations: Microsoft, Nvidia, Arista Networks, Wall Street, Tower Corporation

NEW YORK , March 7 (Reuters) - Bank of America Corp's (BAC.N) Chief Executive Officer Brian Moynihan had a clear message for shareholders on Tuesday: "We are capitalists." The proclamation from the head of the second-largest U.S. lender might seem obvious, but comes at a time when Wall Street titans face more criticism for embracing environmental, social and governance (ESG) considerations. The word "capitalism" is mentioned 22 times in BofA's latest annual report spanning 222 pages, rising from 16 times a year earlier. Still, the CEO acknowledged there are concerns about whether companies share profits or pay people fairly and equitably. The lender outlined its ESG goals in the report, including a pledge to achieve net zero greenhouse gas emissions by 2050 and deploy $1.5 trillion in sustainable finance by 2030.

☆ Miners grow anxious as Canada tightens foreign investment rules
▼ + stars: | 2023-03-05 | by ( Divya Rajagopal | ) www.reuters.com time to read: +3 min

Ottawa last fall proposed bolstering its Investment Canada Act (ICA) to give government ministers power to block or unwind critical minerals investments if they believe such deals threaten national security. Nearly half of the world's mining companies are listed in Toronto and the city has long been a premier destination for junior mining companies to raise funds, above even rival exchanges in Sydney, New York and London. Canadian officials last fall ordered Chinese companies to sell stakes in three Toronto-listed lithium companies, two of which are developing mines outside Canada. Canada's Industry Ministry, which is spearheading the rules change, called critical minerals "key to the future prosperity of our country." However, the government's crackdown could rebound and hurt Canada as the mining industry underpins a large part of the country's economy, investors and analysts say.

☆ In leaked document, Ohio venture capitalist and Sequoia alum Mark Kvamme shows off plans for a $500 million state-focused fund
▼ + stars: | 2023-02-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

VC Mark Kvamme is raising $500 million for something akin to a sovereign wealth fund for Ohio. Dubbed The Ohio Fund, the investment company will be funded by Ohio institutions and individuals. The Ohio Fund will need to hire investors who founders want to work with. Mark Kwamme, partner emeritus at Drive Capital, is raising a statewide fund in his home state, Ohio. If The Ohio Fund reaches its fundraising goals, Kvamme, according to the presentation, plans to serve as president and chief investment officer.

☆ It turns out Taylor Swift has better due diligence than half of Silicon Valley
▼ + stars: | 2022-12-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Taylor Swift in the "Bejeweled" music video. Taylor Swift has better due diligence than half of Silicon ValleyIt's SBF. Just when you thought the FTX debacle couldn't get any weirder, let's add Taylor Swift into the mix. What Taylor Swift album does Sam Bankman-Fried most identify with? Perhaps the most pressing question, however, as pointed out by senior finance editor Michelle Abrego, is this: How does Taylor Swift have better due diligence practices than half of Silicon Valley?

☆ Private equity is ready to make moves as the economy sours, but its approach to dealmaking might be different than in years past
▼ + stars: | 2022-11-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

When the going gets tough, PE gets going. Insider's Casey Sullivan and Rebecca Ungarino examined one segment of Wall Street that is primed to take off despite an economy that has left almost everyone hurting. The big question is where will PE firms look to deploy capital. How long PE firms resist those types of deals still remains to be seen, though. People who left Wall Street for crypto aren't second guessing themselves.

☆ Drive Capital's Mark Kvamme is raising a fund that's like a sovereign wealth fund for Ohio, one month after stepping down from the $2.2 billion venture-capital firm he cofounded
▼ + stars: | 2022-11-16 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

In October, Mark Kvamme said he was stepping down at Drive Capital, the venture firm he founded. The so-called Ohio Fund will raise money mostly from Ohio institutional investors, sources said. The new fund — whose working title is "Ohio Fund" — has drawn comparisons to a sovereign wealth fund, because Kvamme plans to raise capital from mostly Ohio institutions. Unlike the venture firm he founded, the Ohio Fund will invest in multiple asset classes, including other funds, public stocks, private companies in Ohio, and infrastructure, sources said. He stayed one year before striking out on his own with ambitions to start a venture firm.

Nissan wants to reduce Renault’s 43% holding to 15%, on par with Nissan’s stake in the French group, Reuters reports. Free cash flow will turn positive to the tune of 388 billion yen ($2.7 billion) by 2024, Morningstar estimates. He could, for example, ask shareholders to buy some of Renault’s Nissan stock. Or he could consider borrowing more; even after buying back a chunk from Renault, Nissan’s debt-to-EBITDA multiple could manage it. Nissan’s Renault reshuffle will drive a capital raise; he just needs to pick a route.

☆ Sword Health wants to do some M&A as business picks up. Here's what the physical-therapy startup is looking for.
▼ + stars: | 2022-09-14 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

After a year of growth, Sword Health is looking to expand through mergers and acquisitions. CEO Virgílio Bento said he's looking for startups with solid healthcare partnerships and teams. As merger-and-acquisition activity in healthcare heats up, Sword Health has some of its own irons in the fire. Since October, the startup has grown its employer base from 150 to more than 1,400, Insider has learned exclusively. Instead, Bento said Sword wanted to accelerate how it grows, including by exploring more M&A opportunities.

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