DIRS.INFO The most relevant business & tech news

☆ Factbox: When is Venice Film Festival 2023 and what can we expect?
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

[1/2] The 79th Venice Film Festival - Awards Ceremony - Venice, Italy, September 10, 2022 - Director Laura Poitras poses with the Golden Lion Award for Best Film. REUTERS/Guglielmo Mangiapane/File Photo Acquire Licensing RightsAug 28 (Reuters) - The Venice International Film Festival is the oldest film festival in the world, with its 80th edition opening this week. WHEN IS THE VENICE FESTIVAL? The festival opens on Aug. 30 with the premiere of Italian World War Two film "Comandante", directed by Edoardo De Angelis. There are several categories making up the official selection of films shown, the top being those competing for the coveted Golden Lion award.

Persons: Laura Poitras, Guglielmo Mangiapane, Edoardo De Angelis, El Conde, Pablo Larrain, Luc Besson, Ferrari, Michael Mann, Nikolaj, Saverio Costanzo, Maestro, Bradley Cooper, Stefano, Allem, Timm Kroger, David Fincher, Bertrand Bonello, Priscilla, Sofia Coppola, Agnieszka Holland, Pietro Castellitto, Ava DuVernay, Matteo Garrone, Giorgio Diritti, Holly, Szumowska, Michal Englert, Michel Franco, Stephane Brize, William Friedkin, Woody Allen's, Roman Polanski, Henry Sugar, Wes Anderson, Harmony Korine, Travis Scott, Crispian Balmer, Mark Heinrich Our Organizations: Golden, Film, REUTERS, Society, Hollywood, Thomson Locations: Venice, Italy, VENICE, Spanish, Chile, Denmark, Austria, Switz, Canada, France

☆ Corbin Burnes, Brewers aim to end Dodgers' win streak
▼ + stars: | 2023-08-17 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

August 17 - On a roll since the start of July, Milwaukee Brewers right-hander Corbin Burnes will now work on his spotty history against the Los Angeles Dodgers. The Dodgers extended their season-best winning streak to 10 games. Over his last eight starts, Burnes is 4-1 with a 2.66 ERA and 57 strikeouts in 50 2/3 innings. In addition to their winning streak, they have gone 14-1 in August. "It takes everybody to put something together like this (winning streak), and it's fun."

Persons: Corbin Burnes, Burnes, Mookie Betts, Freddie Freeman, Will Smith, Betts, Miguel Rojas, Rojas, Gavin Lux, Lance Lynn, Lynn Organizations: Milwaukee Brewers, Los Angeles Dodgers, Dodgers, Brewers, Los, Chicago White Sox, Milwaukee, Atlanta Braves, Chicago Cubs, Cincinnati Reds, National League Central, SportsNet, Colorado Rockies, Thomson Locations: Los Angeles, Burnes, Milwaukee

☆ Lux Capital's Josh Wolfe: If labor unions win, it'll be a tailwind for healthcare services
▼ + stars: | 2023-08-17 | 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 EmailLux Capital's Josh Wolfe: If labor unions win, it'll be a tailwind for healthcare servicesCNBC's Morgan Brennan with Josh Wolfe, Lux Capital co-founder, join 'Closing Bell' to discuss the tipping point for health care, AI breakthroughs for biotech, and tailwinds for the sector.

Persons: Josh Wolfe, it'll, CNBC's Morgan Brennan Organizations: Lux Capital

☆ Teens Are Going to Make Mistakes Online. What’s Next Is Up to Us. - The New York Times
▼ + stars: | 2023-08-11 | by ( Lux Alptraum | ) www.nytimes.com time to read: +3 min

But even for the most digitally savvy among us, it can be hard to conceptualize just what global visibility really means. In my own youth, way back at the turn of the millennium when I was an 18-year-old college student, I started sharing my personal life online. In the social media age, teenagers are more likely to suffer the opposite delusion: that their friends can see them online but the world can’t, or won’t care if it does. But I don’t think we need to change the way teenagers interact with the internet. We need to change how the rest of us interact with online teenagers.

Persons: they’re Organizations: Utah’s, HB

☆ Europe Is Embarking on a Mining Renaissance. Winning Over Locals Is Proving a Challenge.
▼ + stars: | 2023-08-10 | by ( Yusuf Khan | ) www.wsj.com time to read: +12 min

“It’s definitely a [mining] renaissance,” said Rebecca Campbell, global mining and metals lead at law firm White & Case. “We’re trying to foster a permitting landscape that is both efficient and responsible.”In Europe, the mining renaissance comes after years of nearly no new mining activity on the continent. Left: A layer of spodumene within the host rock that Savannah Resources intends to mine. Savannah Resources, which has set up two offices in the municipality, has said it would strictly avoid that and instead build reservoirs to store rain water. That view is echoed by Savannah Resources.

Persons: COVAS, Portugal —, Barroso, BEL, mina ”, ”, Nelson Gomes, Covas, Alex Gorman, “, Nelson, YUSUF KHAN, “ It’s, Rebecca Campbell, ” “, Jayni Hein, Hein, “ We’re, Peel Hunt’s Gorman, Dale Ferguson, Gomes, Jessica Polfjärd, Polfjärd, Ana Fontoura Gouveia, Fontoura, ” Fontoura, Yusuf Khan Organizations: COVAS DO BARROSO, Associação, Peel, Vulcan Energy Resources, Adriatic Metals, White, Covington, Burling, Environmental, Council, Savannah Resources, Sustainable Business, Sweden’s Moderate Party, Serra Locations: Portugal, Porto, Boticas, Covas, It’s, Europe, Germany, Sweden, Bosnia, Finland, Greece, U.S, Savannah, London, spodumene, Serbia, China, yusuf.khan

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. Gasoline inventories fell by 1.7 million barrels, the API data showed, compared with estimates for a 1.3 million barrel drop. Both are indicators of robust prompt fuel demand in the U.S."The seasonal peak demand period (for transportation fuels) and supply cuts by oil producing countries have caused oil prices to rise," said CMC Markets analyst Leon Li. Oil prices may continue to rise, but they may not exceed $90 a barrel given recessionary pressures in some regions such as Europe, said Li. Furthermore, after the summer demand peak passes, "oil prices have entered the end of this round of upward trend", he said.

Persons: Leon Li, Li, Philip Jones, Arathy Somasekhar, Trixie Yap, Christian Schmollinger Organizations: REUTERS, Brent, West Texas, American Petroleum Institute, Organization of, Petroleum, Sparta Commodities, Lux, Thomson Locations: Cushing , Oklahoma, U.S, China, SINGAPORE, Saudi Arabia, Europe, Sparta, Houston, Singapore

☆ There's no better time to be invested in health care stocks, says Lux Capital's Deena Shakir
▼ + stars: | 2023-07-31 | 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 EmailThere's no better time to be invested in health care stocks, says Lux Capital's Deena ShakirDeena Shakir, Lux Capital Partner, joins 'Closing Bell: Overtime' to offer her case to invest in health care after lagging YTD and MTD.

Persons: Lux Capital's Deena Shakir Deena Shakir Organizations: Lux

☆ Biotech is the biggest bull market in A.I., says Lux Capital's Josh Wolfe
▼ + stars: | 2023-07-28 | 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 EmailBiotech is the biggest bull market in A.I., says Lux Capital's Josh WolfeJosh Wolfe, Lux Capital Co-Founder, joins 'Closing Bell: Overtime' to discuss the China hearing and investment opportunities in the country.

Persons: Lux, Josh Wolfe Josh Wolfe Organizations: Biotech, Lux Capital Locations: A.I, China

Meanwhile, the black market for smuggled subsidised Nigerian fuel in Togo and neighbouring Benin and Cameroon has collapsed, further reducing demand for shipments via Nigeria. Average monthly West African (WAF) gasoline imports fell by 56% in the second quarter compared with the first, according to Refinitiv Eikon data. "The key point is demand from West Africa is drying up," said Refinitiv Lead Oil Analyst Raj Rajendran. There may simply be a baseline decrease in demand," said Sparta Commodities gasoline market analyst Philip Jones-Lux. The challenge is coming from the new refineries in the Middle East that are expanding from their traditional East Africa market to now include West Africa and beyond even to the Americas," Rajendran said.

Persons: Bola Tinubu, Jeremy Parker, Raj, naira, Philip Jones, Jones, Lux, Rajendran, Shadia, Barbara Lewis Organizations: Nigeria's, West, ARA, Reuters Graphics, Sparta Commodities, Thomson Locations: Africa, Nigeria, North America, West Africa, Europe, United States, Asia, Ukraine, Togo, Benin, Cameroon, Amsterdam, Rotterdam, Antwerp, Sparta, Mideast, Russia, European, East Africa

☆ In Guatemala, A Collective of Young Artists Finds Family Through Film
▼ + stars: | 2023-07-13 | by ( Juan Brenner | Isabella Grullón Paz | ) www.nytimes.com time to read: +1 min

Like many dreams, the contours of what would become the film production house Desobediencia Perfecta were born at 3:00 a.m.Vanessa Martínez, 17, and Javier Martínez (no relation), 18, two students in Guatemala City, Guatemala, stayed up talking one night in April of last year about their love of film. Together with a mutual friend, Sebastián Aldana, 18, they founded Desobediencia Perfecta, whose mission is to explore the stories of queer and lower-middle-class Guatemalans. The members of the collective are scattered across Guatemala, and around the world, so much of their collaboration takes place online. “We explored the entire theater that day, all its corners. “What we did the most that day though was hug each other.” (All interviews have been translated from Spanish.)

Persons: Desobediencia Perfecta, Vanessa Martínez, Javier Martínez, Vanessa, Sebastián Aldana, Juan Brenner, ”, Javier Organizations: Lux Locations: Guatemala City, Guatemala

☆ Opinion | The Biden-Trump Rematch Is Already Here
▼ + stars: | 2023-07-05 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +3 min

Belief in the lie may have buoyed some of Trump supporters’ self-esteem. If we have a good election year overall, we have a very good chance at Democrats holding the Senate. There are, needless to say, a host of uncertainties. As a general rule, the higher these issues rank in voters’ priorities, the better Republicans do. In that respect, the success of conservatives in barring the use of race in college admissions has taken a Republican issue off the table.

Persons: Truex, Arceneaux, Mike Lux, Win, ”, Gore Organizations: Trump, ’, Republicans, Truex, Republican, Democratic Party, Electoral College, Democratic, Senate, Democrats Locations: Bush

☆ How to Pay Off Your Student Loans
▼ + stars: | 2023-06-28 | by ( Rebecca Safier | ) www.wsj.com time to read: +13 min

Here’s how to pay off student loans in a way that works for your budget and goals. Look into specialized loan forgiveness programsWhile the Supreme Court hasn’t shared its ruling on Biden’s widespread forgiveness initiative yet, there are other options for loan discharge, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. You can pay off federal student loans early, as there’s no student loan prepayment penalty. If you want to retain access to federal protections, it wouldn’t make sense to refinance your federal student loans. In the end, there’s no single right way to pay off student loans faster.

Persons: Rebecca Safier, Biden’s, ”, Robert Farrington, you’re, you’ve, Michael Lux, “, Farrington, Autopay, servicers, autopay, servicer Nelnet, hasn’t, Adam Minsky, You’ll, Mark Kantrowitz Organizations: Education Department, College Investor, millennials, Federal, Aid, Grad, Student Loan Sherpa, Student Aid, autopay, Peace Corps, Corinthian, Education Locations: “, SavingforCollege.com

"I decided where the business is, is in space," Mueller said in an interview with CNBC's "Manifest Space" podcast. Mueller started Impulse Space in 2021 and is building space tugs that can move with cargo to different orbits. So far, Impulse Space has raised $30 million in seed funding from investors such as Peter Thiel's Founders Fund and Lux Capital. But that pedigree doesn't mean Impulse is closed off to other startups in the space space – including rocket makers. Earlier this month Vast Space, which is building a commercial space habitat, selected Impulse to develop the Haven-1 Space Station's propulsion system.

Persons: Elon Musk, Tom Mueller, Mueller, Peter Thiel's, Mira, Morgan Brennan, Merlin, Musk Organizations: SpaceX, Fund, Lux Capital, Tesla, PayPal, TRW, CNBC Locations: Haven

REUTERS/Dado Ruvic/Illustration/File PhotoJune 26 (Reuters) - Databricks said on Monday it had agreed to acquire artificial intelligence (AI) startup MosaicML in a mostly stock deal valued at $1.3 billion, marking Databricks' latest efforts to build an ecosystem for enterprises to use open-source AI models. San Francisco-based MosaicML provides software tools designed to make it cheaper to carry out AI work, which often involves training AI algorithms on huge troves of data using expensive computer chips. Databricks said the deal would combine its AI technology with MosaicML's language-model platform, allowing businesses a "simple, fast way to retain control, security, and ownership over their valuable data without high costs". Databricks, which sells software tools for building AI systems, has been an advocate for open-source models, which it argues could rival the models players like OpenAI and Google are offering. Both Databricks and MosaicML have released open-source foundation models, which is the category of core technology behind services like OpenAI's ChatGPT.

Persons: Dado Ruvic, Databricks, MosaicML, Tiyashi Datta, Krystal Hu, Pooja Desai, Mark Potter Organizations: REUTERS, Google, Microsoft Corp, Lux Capital, Thomson Locations: San Francisco, Bengaluru, Toronto

Google invested in generative AI startup Runway as part of a $100 million round, sources say. Google and Runway also signed a $75 million cloud computing project, leaked documents show. Google has invested in generative AI startup Runway as part of a $100 million deal, as the Alphabet-owned company leverages its cloud advantage to cozy up to other artificial intelligence players. In addition, Runway has signed a cloud deal with Google worth $75 million over three years, according to internal documents reviewed by Insider. It previously raised $100 million from Amplify Partners, Lux Capital, Coatue, and Felicis Ventures.

Persons: Oscar, Anthropic Organizations: Google, Runway, Lux, Felicis Ventures, Financial Times, Microsoft's, MIT Technology Locations: New York, OpenAI

☆ I've made $98,000 in a month on OnlyFans. There's this stigma that it's just creepy dudes on there — but most of the time, my conversations aren't sexual at all.
▼ + stars: | 2023-06-01 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

Laura Lux transitioned to online sex work during the popularity of MySpace. Lux makes about $30,000 a month on OnlyFans, but she doesn't recommend it to everyone. My transition to online sex work happened with the popularity of MySpaceI kind of blew up on MySpace just posting photo shoots with local photographers. My content isn't full-on sex content, and it's actually kind of tame compared to other creators. There's this stigma that it's just creepy dudes on thereBut in reality, we talk about all kinds of things.

Persons: Laura Lux, —, I'd, Snapchat, I've, it's, It's, I'm Organizations: Lux, Service, MySpace, Twitter Locations: Australia, OnlyFans

Google and the generative AI startup Runway have a huge new cloud computing contract. Google and Runway have a major new contract that provides the generative AI startup will millions of dollars in cloud services and related credits. Recently, Runway raised $100 million at a $1.5 billion valuation from a top cloud provider, Insider reported. Cloud giants like Google Cloud, Amazon Web Services, and Microsoft have also run startup programs for years that provide free cloud credits. Previously, Google Cloud salespeople even expressed concern they wouldn't be able to match AWS's offer of free cloud credits to startups.

Persons: there's, Airbnb, Pinterest Organizations: Google, Runway, Lux Capital, Web Services, Microsoft, AWS Locations: OpenAI

☆ I quit Goldman Sachs after only a year. Here's how I knew leaving for a tech startup was the right career move.
▼ + stars: | 2023-05-15 | by ( Chris Hladczuk | ) www.businessinsider.com time to read: +8 min

Chris Hladczuk leads growth at Meow, a fintech startup, after quitting Goldman Sachs. I picked a weird day to quit — it was my 24th birthday and I called my boss to tell her I was leaving Goldman Sachs. The power of Goldman SachsI love Goldman because it taught me how to win. With my future career in mind, is my pace of learning higher at Goldman in investment banking or at an early-stage startup? Chris Hladczuk currently leads growth at fintech startup Meow.

[1/5] Swiss army soldiers take part in a live ammo exercise during the LUX 23 exercise in Les Pradieres, Switzerland May 4, 2023. The drills, involving 4,000 troops and spread across four cantons over nine days, took place as the country's role in European defence has come into focus amid calls for it to assist Ukraine in fighting the Russian invasion. The LUX 23 drills, planned since 2021, were not organised in response to Russia's invasion of Ukraine in February last year, but the Swiss military said it made the exercise all the more relevant. "This, of course, is directly linked [to the war in Ukraine]." Reporting by Gabrielle Tétrault-Farber and Denis Balibouse; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Generative AI startup Runway just raised $100 million at a $1.5 billion valuation from a cloud service provider
▼ + stars: | 2023-05-04 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +3 min

Generative AI startup Runway has raised a funding round of at least $100 million, Insider has learned. The deal tripled the startup's valuation from its last round to a whopping $1.5 billion. Investors recently told Insider that they were big fans of buzzy photo and video generative AI startup Runway. Runway has raised a Series D funding round of at least $100 million at a $1.5 billion valuation from a cloud service provider, according to multiple people familiar with the deal. Have a tip on a startup funding round?

☆ How Runway's idea for AI-driven video and photo editing and generation went from a "crazy" concept to a Silicon Valley darling worth half a billion dollars
▼ + stars: | 2023-05-01 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

When Runway's founders first came up with the idea for an AI art startup, they were called crazy. Now, the generative AI startup has become a fan favorite of VCs and the public alike. When Cristóbal Valenzuela began building his generative AI company Runway in 2018, investors, filmmakers, and advertisers told the cofounder that he was crazy. "They were saying, 'why would you want to build AI tools for video and filmmaking?'" Many of these features were developed hand-in-hand with customers, who often described to Runway the problems and obstacles they ran into while creating videos, Valenzuela said.

☆ VCs are scrambling to invest in AI startups in Y Combinator's latest class: 'There's hysteria for a reason'
▼ + stars: | 2023-04-24 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

VCs are scrambling to back the AI startups in Y Combinator's latest batch. Several generative AI startups have already secured funding from top firms, sources say. And while valuations are down across the board, YC AI startups are still hot. Startups focused on AI, and generative AI specifically, which saw a substantial jump in the latest batch, were some of the most highly sought after by investors. An AI feeding frenzyVC buzz was common across generative AI startups both in the application and infrastructure layers.

☆ Developer tool startups in Y Combinator's latest class are grabbing the attention of investors like Elad Gil and Google's Gradient Ventures. Here are 4 that have already landed funding.
▼ + stars: | 2023-04-20 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Developer tool startups that were part of Y Combinator's latest class are drawing strong interest from several high-profile venture capitalists. Sequoia partner Lauren Reeder personally participated in the code review startup's recent funding round, according to a Sequoia spokesperson. That fundraising was at a $30 million post-money valuation, one person familiar with the deal said. Developer tool startups accounted for 26% of the companies in YC's winter 2023 batch, up from 16% of the summer 2022 class, according to the accelerator's startup directory. Have a tip on a startup funding round?

☆ Y Combinator's latest class is a feeding frenzy for VCs looking to back AI startups: 'There's hysteria for a reason'
▼ + stars: | 2023-04-13 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

☆ 6 startups that have raised $100 million or more in 2023 to change healthcare
▼ + stars: | 2023-04-11 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

The healthcare-staffing startup ShiftKey raised $300 million in a round led by its majority investor Lorient Capital. The clinical-trials-tech startup Paradigm raised a $203 million Series A round led by Arch Venture Partners and General Catalyst. The healthcare-staffing startup ShiftMed raised a $200 million round led by Panoramic Ventures. raised a $200 million round led by Panoramic Ventures. Vytalize Health, a startup that helps doctors provide value-based care, raised $100 million from Enhanced Healthcare Partners, Monroe Capital, and North Coast Ventures.

Search resuls for: "Lux"

25 mentions found