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Business Insider asked top sports VCs and investors for the most promising startups in the space. They came back with companies innovating in AI, tech, ticketing, media, betting, and more. Some companies like WSC Sports work with the pros, while others like ARod's Jump are yet to reach the market. Startups are upending nearly every corner of the sports landscape, from the way athletes train, to ticketing in stadiums, to how fans bet on sports. This story is available exclusively to Business Insider subscribers.
Organizations: WSC, Business
About five teams around Europe including Ineos Grenadiers are involved in the early-stage talks and more could join, the people said. Tour de France champion Jonas Vingegaard’s Jumbo-Visma team is also involved in the talks, one of them said. Amaury Sports Organisation (ASO) controls the Tour de France and La Vuelta while the Giro d'Italia is controlled by RCS Sports. This is not the first time cycling teams have explored a new cycling league project. Eight teams founded a league project called World Series Cycling (WSC) at the end of 2012 but the plans failed to materialise.
Persons: Jonas Vingegaard’s Jumbo, Spokespeople, EY, Amy, Jo Crowley, Anousha Sakoui, Julien Pretot, Andres Gonzalez, Elisa Martinuzzi, Hugh Lawson Organizations: Reuters, Ineos Grenadiers, de France, Partners, Formula, Tour de France, La Vuelta, Amaury Sports Organisation, La, RCS Sports, Thomson Locations: Europe
While generative AI startups are attracting more investment overall, 2023 could be a notably slow year for venture capital investment in sports AI following several years of activity, according to new data from PitchBook. The year could mark the lowest level of investment in the sector since 2018 when PitchBook tracked just under $200 million in VC activity. Both those years had 114 VC investments, compared to just 54 in 2023 through mid-October, PitchBook data shows. These are the top 16 highest-valued sports AI companies globally in 2023, according to PitchBook:1) SigmaStar — $4.55 billion. The Beijing-based computer vision technology company offers solutions in sports and health, evaluating movement in real-time, according to its website.
Persons: PitchBook, Hudl, STATSports, Creatz, Ligatech, Simplebet, Zepp Organizations: Yi Technology, WSC Sports, Cleveland Cavaliers, Kakao, Arsenal FC, US, National Soccer Team, Duke University, Kansas City Chiefs, Ligatech, Tempus, Francisco's Tempus, Chelsea FC, NFL, Sports, NBA, MLS, Premier League, AI Research Locations: deepfakes, Beijing, Israel, New York, Korean, Europe, Mexico, Lincoln , Nebraska, Northern Ireland, Shanghai, PitchBook, Los Angeles, China, Vancouver
He is doubling down on shares of the movie theater chain ahead of earnings in early May. "Films outside the Top 10 in box office revenues saw a ~100% increase YoY and contributed ~28% of 1Q overall box office," Swinburne wrote. Morgan Stanley said it likes stocks that can "deliver above-peer, and above consensus/market expectations long-term organic sales growth," and Church & Dwight fits the bill. … recent weeks, we have fielded concerns around WSC's ability to remain resilient in an environment where investors are increasingly discounting near-term earnings upside. … Films outside the Top 10 in box office revenues saw a ~100% increase YoY and contributed ~28% of 1Q overall box office."
China chip industry group 'troubled' by U.S. export curbs
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, Oct 13 (Reuters) - China's top trade group for the chip sector said on Thursday it was "disappointed" by recent U.S. export controls and warned they could put more stress on global supply chains. Last week, the U.S. Commerce Department passed a sweeping set of regulations aimed at kneecapping advancements in China's semiconductor industry. If enforced broadly, the regulations could bar research labs and commercial data centres' access to advanced AI chips, prevent Chinese chip fabs from purchasing critical manufacturing equipment, and force U.S. nationals working at advanced Chinese chip companies to resign. Share prices of Chinese tech giants and chip companies with facilities in China plunged in response to the U.S. curbs. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Josh Horwitz; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
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