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☆ I tried 27 of Trader Joe's seasonal summer products, and there are only 6 I wouldn't buy again
▼ + stars: | 2024-06-13 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +40 min

Read previewFrom versatile crispy jalapeño pieces to luscious Southern-style peach ice cream, Trader Joe's has plenty of seasonal items for the summer. As part of an ongoing series in which I review Trader Joe's seasonal products, I gave the chain's summer offerings a try. These crispy jalapeño pieces would elevate just about any summer mealI had heard great things about Trader Joe's crispy jalapeño pieces. No frozen treat is complete without one of Trader Joe's organic sugar conesThis sugar cone paired well with Trader Joe's peach-crisp ice cream. As my experience is with most Trader Joe's salad kits, I think it also could've used a lot more dressing.

Persons: —, Joe's, Wilson, arugula, I've, graham, shortbread, dill, Wilson I'm, doesn't, garlicky, you'd, hummus, Savanna, I'm salivating, I'm, crisps, they're, ravioli, I'd, morsel, didn't, soggy, It's, jalapeño, jalapeño crisps Organizations: Service, Business, Wilson, nacho, snacking Locations: Savanna, dill, Jolly, radicchio

☆ Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.

Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins

☆ Airbnb's CEO uses this simple solution to combat loneliness in the workplace: 'It's a brilliant idea'
▼ + stars: | 2024-06-06 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Airbnb CEO Brian Chesky says he has a simple method to help. Chesky's solution: Find two employees who work well together and put them on the same team, he recently told Wharton psychologist Adam Grant's "ReThinking" podcast. It worked so well that I started thinking about this notion of duos in other areas." When you pair people up — putting them on the same team and seeing what happens — consider their approaches to work. In Chesky's case, the idea started as a productivity strategy and turned into something more.

Persons: Brian Chesky, Wharton, Adam Grant's, Chesky, — Organizations: Workers

☆ Want a low mortgage rate? Take someone else’s
▼ + stars: | 2024-05-31 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

This means that a buyer keeps the seller’s repayment period, mortgage balance and, notably, the seller’s lower mortgage rate. Securing that ultra-low mortgage rate means that Harper will save thousands of dollars in monthly payments. “I just decided I wanted to see how low I could pay on the interest rate,” Harper said. And while the mortgage rate on the second loan may be high, the total monthly payment could still be lower — if the assumed mortgage rate is low enough. Snagging a low mortgage rate like Harper’s in today’s high interest rate environment may seem like a dream come true to some prospective homebuyers, but the process is not always smooth sailing.

Persons: ”, Ted Tozer, Ginnie Mae —, Tozer, Ellen Harper, Harper, “, ” Harper, ” Tozer, homebuyers, he’d, Raunaq Singh Organizations: CNN, of Housing, Urban, Urban Institute, Intercontinental Exchange, Federal Housing Administration, US Department of Veterans Affairs, Realtors Locations: Georgia, Georgia , Arizona , Colorado , Texas, Florida

☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ I cold-emailed Mark Cuban and a Meta exec, and they both responded. Here's how I worded it.
▼ + stars: | 2024-05-23 | by ( Andrew Yeung | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Share genuine gratitudeIt doesn't hurt to include genuine appreciation and praise for the person you're contacting. Do research on the person you're reaching out to. If you have a strong mutual relationship, ask for an in-person meeting. Set aside 20 minutes a week to intentionally expand your network, and you'll find yourself attracting more opportunities, relationships, and wealth.

Persons: —, I've, It's, Mark Cuban, Andrew Yeung Organizations: Service, Business, Spotify, Meta, Google, Silicon, Tech, Fortune, LinkedIn, ABC Company, Facebook, Business Planning, Next Locations: South East

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ This 35-year-old turned a local Indonesian coffee stall into a unicorn startup — today it brings in $100 million a year
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Within the span of seven years, Kopi Kenangan went from a local Indonesian coffee stall to a venture-backed unicorn coffee company. "Instead of focusing on the sofa, or fast Wi-Fi, we're going to focus on a good, high quality cup of coffee," Tirtanata said. This decision helped Kopi Kenangan scale to over 200 locations and 10 cities within the first two years of operations. Taking a data-driven hyperlocal approach means that a Kopi Kenangan latte in Singapore will taste different from a latte in Indonesia. This helped Kopi Kenangan more than triple its store count during the pandemic.

Persons: Edward Tirtanata, Dunkin, Kopi Kenangan, Tirtanata, it's, Carroll, James Prananto, Kopi, Kenangan, Prananto Organizations: CNBC, Entrepreneur, Northeastern University, Lewis Locations: Indonesian, Southeast Asia, Jakarta, Boston, Indonesia, U.S, Singapore

But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.

Persons: —, SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank

☆ This startup used its own AI avatar technology, instead of a pitch deck, to help raise its Series B. Here's why.
▼ + stars: | 2024-05-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Read previewA startup has showcased its AI platform by using it to pitch potential investors while trying to raise its Series B. These AI avatars can answer real-time questions, give presentations, and ask questions. Touchcast's platform allows people to ask these digital twins questions asynchronously. Since the launch of ChatGPT-3 in November 2022, startups creating AI avatars have caught investor attention. Segal said this investor frenzy was being driven by the "huge market potential" of AI avatar technology.

Persons: —, Touchcast, asynchronously, Edo Segal, Ziv Navoth, Navoth, Segal, Touchast, Sky Fernandes Organizations: Service, Business, VU Partners, Accenture Ventures, VU Ventures Partners, Sky, McKinsey, NVIDIA, BI, Google Locations: New York, San Francisco

☆ Early Facebook investor Accel raises $650 million fund to back European and Israeli startups
▼ + stars: | 2024-05-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

AccelVenture capital firm Accel said Tuesday it's raised $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups, in a sign the venture capital market may be showing signs of a recovery. "The environment has dramatically changed since then," Nelis told CNBC. Climate-focused VC firm World Fund closed a 300 million euro fund in March. "We're lucky that with DeepMind here in London and with Fair [Facebook AI Research] in Paris, there's at least two big centers that have great AI expertise," Nelis told CNBC. "My expectation is Europe is going to generate some really interesting AI application companies," Nelis told CNBC.

Persons: Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, Philippe Botteri, it's, Nelis, UiPath, Russia's, Wise, Magnus Grimeland, Grimeland, there's, Victor Riparbelli, Synthesia, Riparbelli Organizations: Accel, Accel Venture, Spotify, CNBC, Skype, U.S, Nvidia Locations: Europe, Israel, Lithuania, Romania, Ukraine, New York, U.S, London, Paris, Synthesia

☆ How AI is changing OnlyFans and adult content creation, from chatting to 'AI twins,' and where the future is headed
▼ + stars: | 2024-05-07 | by ( Marta Biino | ) www.businessinsider.com time to read: +12 min

Many AI adult influencers have turned to OnlyFans competitor Fanvue to monetize their content. MySentient has been investing in creating "sentient" AI chatbots based on people that range from adult creators like Amouranth to Jesus. Elaina St James has used different AI tools to generate images of herself in different contexts and outfits. To create these characters, they use a variety of AI tools, including Unstable Diffusion, an AI image generator that focuses on NSFW content. Others see the power of AI but also the issues it could create for the adult industry as a whole.

Persons: Riley Reid, Ana Levy, Isla Moon, Jada Sparks, Fanvue, it's, OnlyFans, Fortune, Riley Reid's Clona, immortalize, Riley, MySentient, Amouranth, Jesus, Reese Leysen, Leysen, We've, Robert Weiss, that's, she'd, James, Elaina, James Level, —, Eva AI, MyClub.ai, Eva, MyClub, Jessica Moore, Elaina St James, St James, Zoe Fox, Aika Kittie, Margot Robbie, Influencer Sophie Annaston, she's, Sophie Annaston, who's, It's, Charles Lyle Organizations: Business, MyClub, AVN, Media Locations: Philippines, India, Pakistan, Canada, Spanish, Fanvue, Lipa

☆ Why investing solo lets Refactor Capital's Zal Bilimoria be a 'lifeline' for founders
▼ + stars: | 2024-05-06 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Now 42, Bilimoria is the sole partner of Refactor Capital, the early-stage venture-capital firm he launched in 2016. Through Refactor Capital, Bilimoria has backed unicorn companies including the green-chemical manufacturer Solugen and the space startup Astranis. AdvertisementTwo years later, Lee stepped down as a general partner — making Bilimoria the firm's sole investor. Life as a solo partnerAs a solo partner, "all the successes and all the challenges are on my shoulders," Bilimoria said. Refactor Capital invests in about eight companies every year and is deploying capital out of its third fund.

Persons: —, Bilimoria, Andreessen Horowitz —, weren't, Andreessen Horowitz, David Lee, Lee Organizations: Service, University of Pennsylvania, Business, Microsoft, Netflix, Google, Twitter, Fund, SV Angel Locations: Northwest Indiana

☆ How former Slack and Twitter executive April Underwood used angel investing to create a career in venture capital
▼ + stars: | 2024-05-06 | by ( Leena Rao | ) www.businessinsider.com time to read: +5 min

That entrepreneurial, technology-focused spirit has driven Underwood to an illustrious career at some of the industry's biggest companies, including Google, X, Slack, and Intel. As she built products at these tech giants, Underwood quietly invested in over 50 startups, including the genetics-testing unicorn Color and the cap-table giant Carta. Underwood began investing while at X, then called Twitter, where she was the company's director of product. Shortly after, #Angels was born, the investment collective cofounded by Underwood, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, and Vijaya Gadde. Since 2015, the group has backed over 100 startups, including Forward, Clubhouse, Instacart, Material Security, and Airtable.

Persons: Underwood, she'd, Slack, Jessica Verrilli, who'd, Stewart Butterfield, Cal Henderson, Ev Williams, Jack Dorsey, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, Vijaya Gadde, you've, I've, they've Organizations: Amarillo College, Business, Google, Intel, GV, Cue, Twitter, Health, Security, Slack Locations: Amarillo , Texas, Amarillo, Termina, San Francisco

☆ The IPO reopening is real. Just look at Rubrik, the first unicorn to go public in months
▼ + stars: | 2024-04-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.

Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte

☆ Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions
▼ + stars: | 2024-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Nvidia -backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user's text inputs. The company said its "Expressive Avatars" can blur the lines between the virtual world and real characters. In one demonstration, the company showed three lines of text being inserted into its platform — "I am happy. The company's technology is used by more than 55,000 businesses, including half of the Fortune 100, to make digital avatars for corporate presentations and training videos, according to Synthesia.

Persons: Synthesia, Kleiner Perkins Organizations: Nvidia, Fortune, Accel, GV, FirstMark, MMC Locations: London

Amid preparations for its spaceplane's maiden flight and an initial public offering as soon as next year, Sierra Space is expanding its satellite offerings. "We've actually been waiting for six months, so it's like, this [name], we really thought about it," Tom Vice, Sierra Space chief executive said in an interview for CNBC's "Manifest Space" podcast. Valued at $5.3 billion as of September, Sierra Space was spun out of defense contractor Sierra Nevada Corporation three years ago. Sierra Space touts a diverse space and defense tech portfolio spanning space transportation, space habitation, propulsion and satellites. It's perhaps best known for its NASA-contracted, reusable spaceplane Dream Chaser which will run cargo resupply missions to the International Space Station and eventually carry humans to and from orbit.

Persons: We've, Tom Vice, Eren, Jeff Bezos Organizations: Space, Sierra Space, Sierra Nevada Corporation, Fatih, NASA, International Space Station, Pentagon, U.S, FAA

☆ How one real-estate unicorn is getting past gutting layoffs and slowing deals
▼ + stars: | 2024-04-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Rising interest rates have slammed the brakes on deals, and many real-estate companies have cut staff as revenues slowed. Founded in 2020 by real-estate executives Ryan Stroker and William Martiner, Avenue One was profitable by early 2021, company officials told Business Insider. AdvertisementAvenue One cofounder and CEO Ryan Stroker told BI in an interview how the company is navigating the difficult business environment. "I was told that I wasn't spending enough money six months before the layoffs," Stroker said. Layoffs and Big SpendingBoth Stroker and Avenue One's followup statement said the company is financially secure and described the layoffs as prudent rather than necessary.

Persons: It's, Ryan Stroker, William Martiner, Wall, Stroker, Martiner, John Burns, Ryan, Axel Springer Organizations: Service, KKR, Global, Business, MetLife, Wall, Amherst, John Burns Real Estate Consulting, BI Locations: Manhattan, Axel

☆ Doughnuts, smoothies, pizza, MoonPie, eyewear — brands are going all out-of-this-world with solar eclipse-themed goodies
▼ + stars: | 2024-04-04 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

On Monday, April 8, millions of people will witness a rare total solar eclipse as it passes over Mexico, the United States and Canada. For starters, Pizza Hut will give customers a “Total Eclipse of the Hut” deal on eclipse day, offering any large-sized pizza for $12. This is the second time Krispy Kreme has created a new one pegged to a total solar eclipse. Back in 2017, during the last total solar eclipse in the US, the brand used chocolate to cover its original glazed doughnut. NASA recommends wearing a set of eclipse glasses that complies with the ISO 12312-2 international standard when viewing any solar eclipse.

Persons: New York CNN —, celestially, Kreme, Koen Pauwels, ”, ” Pauwels, “, Smoothie King, Burger, Parker, MoonPie, graham, Tory Johnston, MoonPie's, Johnston Organizations: New, New York CNN, Eclipse, Northeastern University, NASA, Chattanooga Bakery, Inc, Kroger Locations: New York, Mexico, United States, Canada, Chattanooga

☆ Opinion: Boeing needs a completely different kind of boss
▼ + stars: | 2024-03-27 | by ( Opinion Tim Hubbard | ) edition.cnn.com time to read: +4 min

I am the backup plan.”Tim Hubbard University of Notre DameNow Boeing needs a backup to the backup. What does the portrait of an ideal leader for Boeing look like? Boeing’s new CEO needs to signal change. Boeing’s new CEO needs to embody the company the board wants Boeing to become. If the new CEO needs a blueprint of what their legacy could look like, they need only read up on the not-so-recent history of Boeing.

Persons: Tim Hubbard, CNN —, Dennis Muilenburg —, Max, David Calhoun, “, Tim Organizations: Management, Organization, Mendoza College of Business, University of Notre Dame, CNN, Boeing, Tim Hubbard University of Notre Dame, General Electric, Wall

☆ More startups are paying for ChatGPT as generative AI becomes a go-to tool for tech employees like engineers
▼ + stars: | 2024-03-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.

Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub

☆ Mathilde Collin built a $1.7 billion email startup by the time she was 32. She's now stepping back at an inflection point for Front.
▼ + stars: | 2024-03-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

And so last fall, Collin kicked off a search for a new board director, to fill in her knowledge gaps. Now, Collin says she will step down as chief executive of Front after her hunt for a board director took an unexpected turn. She will move into an executive chair role on April 15, when O'Connell takes up the mantle as chief executive, Front tells Business Insider exclusively. Known for her sharp wit and radical candor, Collin started the business out of college in her native France. Advertisement"We're at a scale now where the CEO can't come in and sort of wave the proverbial magic wand and make things happen," said Mohammed Attar, Front's chief product officer.

Persons: Mathilde Collin, Collin, Dan O'Connell, O'Connell, Garry Tan, Paul Buchheit, Jack Altman, Kyle Vogt, Cruise, Jeff Lawson, Mohammed Attar, —, Josh Stein, Stein Organizations: Service, Business, Dialpad, Front Locations: San Francisco neighborhood, France, Dialpad

☆ He predicted the ’08 crash. Now he’s betting AI will turbocharge the US economy
▼ + stars: | 2024-03-19 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

AI chatbots can help workers brainstorm ideas, do research, write reports, build presentations, learn about new topics and identify patterns in vast troves of data. AI will ‘destroy’ some jobs, boost othersThere is also the very real risk that AI will replace some workers. AI might be able to help slow the rate of decay in the labor force,” Sangani said. “These workers will be supplemented, not replaced, by AI,” Sangani said, though he added there are also places where AI will replace workers. IMF warns AI could deepen inequalityEven if AI accelerates economic growth, there is no guarantee that everyone will benefit.

Persons: New York CNN — Jan Hatzius, Goldman Sachs, Hatzius, ” Hatzius, that’s, you’ll, ”, ” Satyen, ” Sangani, Jeremy Grantham Organizations: New, New York CNN, CNN, Treasury Department, IRS, Hatzius, International Monetary Fund Locations: New York, United States

☆ Buzzy Y Combinator-backed billing startup Lago has raised $22 million with this 22-slide pitch deck
▼ + stars: | 2024-03-14 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLago, a French startup that offers open-source billing software, has raised $22 million. Founded in 2021, Lago utilizes the open-source community to help businesses like Mistral, Together AI, and Swan manage their payments and billing needs. AdvertisementIn addition, Lago, which has around 30% of its business in the US, will begin to scale out its offering outside of Europe. Lago believes its flexibility around infrastructure will help it win more clients globally as businesses look to create more customizable revenue stacks.

Persons: —, Lago, Swan, Matt Turck, Chuong, Turck Organizations: Service, Business, FirstMark, New Locations: Paris, Lago, Europe

☆ Healthcare deals are picking up as VCs finally reopen their wallets. Here's what they are betting on.
▼ + stars: | 2024-03-14 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Investors aren't anticipating healthcare funding to surge to anything resembling 2021 levels this year, and fewer deals could mean shutdowns for many companies running low on cash. Multiple healthcare startups have announced raises this year at Series B and beyond. Investors said there's now a higher bar for which startups get venture funding compared to 2021, however. Exits and shutdowns aheadWhile a number of biotech startups have jumped into the public markets already this year, the IPO window for healthcare startups has remained firmly shut. Still, many investors are optimistic that a few healthcare startups will test the waters later this year.

Persons: Anargha Vardhana, There's, they're, Christina Farr, haven't, Richard Drury, Scott Barclay, Shiv Rao, Vardhana, there's, Farr, Sara Choi, Ritankar Das, Supriya Jain, Jain, Barclay Organizations: Business, Insight Partners, Investors, Entrepreneurs, Wing Venture Capital, Boston Consulting Locations: orthopedics

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