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☆ Startups are hitting a road block when selling their AI to big companies. Investors and founders explain how to get around it.
▼ + stars: | 2023-10-04 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

The procurement team, responsible for sourcing and pricing the services the company buys, can introduce significant barriers to enterprise startups. Sellers must navigate a thicket of data concerns and increasing price sensitivities, among other issues, with procurement teams that may have little familiarity with AI. Enterprise software deals are taking longer to close compared with last year, per a September survey from New York-based SAAS financing startup Capchase. "That's leading procurement teams to ask sellers 'what works here, tell me where I could have unanticipated outcomes?'" Nemeth said procurement teams want to be educated and help see deals through.

Persons: Samir Kumar, Kumar, Barack Obama, Obama, Reuters Kumar, Obama's, Miguel Fernandez Larrea, Fernandez Larrea, Tola, Sheila Gulati, Charles Cotugno Gulati, Rachael Nemeth, Nemeth Organizations: Microsoft, Qualcomm, Touring Capital, Companies, White House, Reuters, Enterprise, Vanderbilt University Locations: United States, New York

☆ AI models from OpenAI and other tech giants are being bombarded by a new swarm of bots 'extracting intelligence'
▼ + stars: | 2023-09-21 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

These bots scrape information from AI models, including OpenAI's GPT-4. "AI models can, in theory, share everything they know. This is often done by infiltrating applications that have official accounts and API connections with the largest and most powerful AI models, Rauch explained. Evading China's AI model blockadeA third reason for this new phenomenon: China blocked access to ChatGPT, GPT-4 and many of the other top generative AI models. So an an app could offer a seat where the user can only query AI models a certain number of times per day.

Persons: Guillermo Rauch, OpenAI's, Elad Gil, Sarah Guo, Rauch, OpenAI Organizations: Service, Google Locations: Wall, Silicon, China, GPT

☆ 'Be a disciplined company.' How Klaviyo broke the IPO dry spell, according to its CEO.
▼ + stars: | 2023-09-20 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

CEO Andrew Bialecki told Insider that being a "disciplined company" was key to its success. Jeff Bussgang, a general partner at Flybridge Capital Partners in Boston, told The Boston Globe in an interview, "I'm seeing green shoots — it's definitely back on the agenda for boards." KlaviyoBialecki told Insider he tried to run a "disciplined company," one of two ingredients to its success. "There's a false choice here between being high growth and doing things efficiently," Bialecki told Insider. Are you a Klaviyo insider with insight to share?

Persons: Klaviyo, Andrew Bialecki, Bialecki, Tomasz Tunguz, Jason Lemkin, Jeff Bussgang, — it's, Ed Hallen, it's, Hallen, Klaviyo Bialecki, That's, Klaviyo Bootstrapping, Jon Karlen, Karlen, Melia Russell Organizations: Service, Klaviyo, New York Stock Exchange, Flybridge Capital Partners, Boston Globe, Securities and Exchange Commission, Boston Locations: Wall, Silicon, Instacart, Boston, BostInno, Massachusetts, mrussell@insider.com

☆ Carbon accounting company Optera just raised a $12 million Series A with this redacted 7-slide pitch deck
▼ + stars: | 2023-09-12 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Carbon accounting startup Optera just a raised $12 million Series A round. We got a look at the 7-slide pitch deck the company used to raise the cash. US carbon accounting company Optera has raised $12 million in Series A funding. The Colorado-based firm, founded in 2006 as a boutique consultancy, helps big companies measure, track, and report their emissions. The round was led by existing investor Next Frontier Capital, with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital.

Persons: Optera, Tim Weiss, Weiss, headcount Organizations: Frontier, Dell, Sonoma, Blackhorn Ventures, Mucker, SaaS Ventures, Valo Ventures, AngelList, Stout Locations: Europe, Asia, Colorado, verticals, Grove, Williams, North America

☆ Here's what investors selling Oracle on the company's mixed quarter and lower guide are missing
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

This momentum is turning into bookings, and that gives me the confidence that our annual revenue growth will continue to accelerate moving forward." These bullish comments — taken together — made the softer fiscal second quarter guide all the more puzzling. But for now, we're chalking up the revenue growth softness to some lumpiness around one quarter to the next. Guidance Oracle's weaker-than-expected fiscal 2024 second quarter guide caused shares to drop a second leg lower after the closing bell Monday. Within that figure, Oracle expects cloud revenue to increase 29% to 31%, which at the midpoint is about stable from the first quarter.

Persons: it's, Oracle, Larry Ellison, Safra Catz, —, we're, we'll, Cerner, Ellison, Katz, Catz, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Oracle, LSEG, Wall, Autonomous Database, Oracle Cloud Infrastructure, Infrastructure, Software, Microsoft, Web Services, Google, Johnson Controls, MGM Resorts, CNBC Locations: Cerner, Redwood Shores , California

☆ 10 mistakes I made while selling my first startup and what I should've done instead
▼ + stars: | 2023-09-07 | by ( Andrew Gazdecki | ) www.businessinsider.com time to read: +13 min

I lost my first acquisition offer, got married, almost lost another offer, persuaded the buyer to stick with it, and finally sold my first business. With my experience as a guide, I hope you can avoid these common acquisition mistakes and secure a better outcome. The private equity firm that acquired my first startup, Bizness Apps, asked for dozens of spreadsheets during due diligence. AdvertisementAdvertisementA broker would market my startup and connect me with potential buyers in return for a cut of the purchase price. Even in the closing stages, I continued selling my business and fostering a relationship with my buyer.

Persons: Andrew Gazdecki, might've, I'd, we'd, Bizness, I'm, you'll, you've, doesn't, could've, Weeks Organizations: Service, Apple, Google, Facebook, Adobe Locations: Wall, Silicon

☆ Buy 'BAT' - CLSA gives three stocks to bet on China in the global AI race
▼ + stars: | 2023-09-06 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

CLSA thinks China could emerge as the second-largest artificial intelligence market, and the firm is eyeing a tranche of stocks to play the growth. "While the USA is a strong leader, China is putting up a fight and we believe it will become the world's second-largest AI market with over 6% share of global US$1tn AI spending by 2026," the note said. For exposure to the future AI growth in China, Leung highlighted Baidu and Alibaba , while calling out Tencent as the premier play — a trio of stocks the firm dubbed "BAT." "We believe Baidu, Alibaba and Tencent are the best positioned to lead China's AI innovation," Leung said. All three companies are the dominant developers of large language models in China, Leung added, and already have a tight grip over the necessary data and IT to grow further.

Persons: CLSA, Elinor Leung, Bard, Leung, Tencent, —, BABA, Michael Bloom Organizations: Nvidia, Microsoft, Google, Baidu, BAT, ", HK Locations: China, The U.S, U.S, ChatGPT, USA, Hong Kong, Tencent

☆ Andrew Bialecki built Klaviyo into an email titan by breaking all the norms. Now he's taking it public as its largest shareholder.
▼ + stars: | 2023-09-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

Andrew Bialecki is preparing to take Boston startup Klaviyo public eleven years after founding it. Bialecki, who cofounded the marketing tech company in 2012, owns more than a third of Klaviyo, according to the company's recent S-1 filing. In the last eleven years, the 37-year-old has quietly built the hottest Boston startup you've never heard of. For comparison, HubSpot's Brian Halligan and Toast's Chris Comparato reported salaries of roughly $240,000 before taking their Boston startups public. Bialecki has also sold few shares of Klaviyo in inside rounds, according to two people familiar with the company's financials.

Persons: Andrew Bialecki, Jason Lemkin, Peter Walker, Klaviyo, Yankee frugality, Barry Chin, Ed Hallen, Hallen, Bialecki, Alexa von, TJ Mahony, he's, Elias Torres, Bootstrapping, Jon Karlen, Karlen, Mahony, Alex Clayton, frugality, HubSpot's Brian Halligan, Toast's Chris Comparato Organizations: Boston Globe, Getty, MIT's Sloan School of Management, Capital, Harvard University, Predictive Technologies, Fortune, Red Sox, Meritech Capital, Boston, Black, Patriots Locations: Boston, Coast, Bialecki, Washington, DC, Klaviyo, Braze, Miami

☆ I went to college for free in Scotland. Here are 5 things about my experience that Americans may find surprising.
▼ + stars: | 2023-08-30 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

But despite the free tuition, many students in Scotland still take out loans in order to pay for accommodation and living expenses. Jeff J Mitchell/Getty ImagesSince student housing isn't paid for by the government, many people opt to live with their parents, like I did. Others will take out a student loan or bursary, which is provided by the Student Awards Agency Scotland (SAAS). The student housing itself is also different to the US. While many universities in the US offer dorms with shared rooms, there are typically no shared bedrooms in Scotland's student accommodation.

Persons: Jeff J Mitchell Organizations: Strathclyde University, Student, Agency Scotland Locations: Scotland, Glasgow's

☆ Carbon accounting was red hot in 2021. Now it's facing widespread consolidation, investors say.
▼ + stars: | 2023-08-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Carbon accounting startups peaked in 2021, raising over $5 billion from investors. The rise of carbon accountingThere are around 50 European carbon accounting companies, many of which didn't exist before 2019, according to Insider's own research. Venture capitalists are typically bullish on SaaS because it can scale quickly with few overheads, which is the promise many carbon accounting companies make. Carbon accounting business models often fell short of true SaaS scalability and instead relied on employees doing tasks manually, despite touting automation, investors said. The next generation of carbon accounting companies should be hyper-focused on one niche – for example, accounting for methane in the agricultural industry or water use.

Persons: Niklas Kaskeala, Antero Vartia, grimly, Kaskeala, That's, Namrata Sandhu, Luca Schmid, ClimateTrade, Germany's, Australia's Envizi, EcoOnline, Germany's Planetly, Buyers aren't Organizations: Sequoia, Octopus Ventures, Cherry Ventures, Balderton, Investors, Venture, Germany's TeamClimate, Watershed, IBM, Sage, SoftBank, KPMG, Enterprise, SAP, Oracle Locations: Helsinki, Finnish, Coatue, Europe, Zalando, London

☆ I built my own app without knowing a single line of code. It was surprising how fast I got everything to work using AI and other tools.
▼ + stars: | 2023-08-17 | by ( Ryan S. Gladwin | ) www.businessinsider.com time to read: +5 min

James Brooks is a social media marketer who turned to AI and no-code apps to create extra revenue. He uses the AI tool Magai to help whenever he gets stuck using no-code tools. I used no-code tools as the foundation to my product and utilized AI to help when I got stuck. I used AI to help meThingy Bridge is very database heavy so I used AirTable , a low‒code database platform, and Make, which helps connect services. If you have used AI to build a product or generate revenue and would like to share your story, email Jenna Gyimesi at jgyimesi@insider.com.

Persons: James Brooks, Taco, I've, influencers, what's, —, Claude, Magai, that's, we've, JournoMofo, Twitter —, you've, isn't, it's, Jenna Gyimesi Organizations: KFC, Subway, Taco Bell, Brands, Twitter Locations: AirTable

By increasing the degree of risk attributed to certain assets, the proposed rules would require banks to hold proportionately more capital, potentially eating into returns on equity and profits. Making such lending more expensive will shrink credit available to historically under-served borrowers, something the industry is likely to fight, he said. Chen Xu, an attorney in the financial institutions group at Debevoise & Plimpton, said the new rules viewed high-revenue business lines as higher risk. Morgan Stanley (MS.N) analysts say the largest banks may take up to four years to set aside profits to comply with the new capital rules. Dennis Kelleher, head of the financial reform advocacy group Better Markets, said the banking industry had made similar complaints in the past which he believed had proven unfounded.

Persons: Mike Segar, Joe Saas, Chen Xu, Plimpton, Michael Barr, JPMorgan Chase, Jamie Dimon, Wells Fargo, Kevin Stein, Morgan Stanley, Richard Ramsden, Goldman Sachs, Ramsden, Dennis Kelleher, Douglas Gillison, Tatiana Bautzer, Nupur Anand, Saeed Azhar, Megan Davies, Anna Driver Organizations: Wall, New York Stock Exchange, REUTERS, Industry, Financial Services, Bank Policy Institute, Securities Industry, Financial Markets Association, Debevoise, JPMorgan, CNBC, Citigroup, Bank of America, Klaros Group, Banking Supervision, Better, Thomson Locations: Manhattan, New York City , New York, U.S, Washington, Wells, Basel

☆ Top Wall Street analysts are banking on these stocks for solid returns
▼ + stars: | 2023-08-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

In this article GMMSFTSPOTMETADPZ Follow your favorite stocks CREATE FREE ACCOUNTThe Spotify logo on the New York Stock Exchange, April 3, 2018. Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Domino's PizzaMeta PlatformsNext up is Meta Platforms (META). Nonetheless, Goldman Sachs analyst Kash Rangan, who ranks 459th among more than 8,500 analysts tracked on TipRanks, remains bullish on MSFT stock. However, he observed that historically, whenever Microsoft increased its capital expenditure in the cloud market, Azure growth rate shot up meaningfully and margins rebounded, driving the stock price higher.

Persons: Lucas Jackson, Wall, Brian White, White, Goldman Sachs, Kash Rangan, Rangan Organizations: GM, New York Stock Exchange, Reuters, Meta, TipRanks, Spotify, Microsoft, General

☆ Thymia uses AI to assess and track patients' mental health conditions. Check out the 9-slide deck it used to secure $2.7 million.
▼ + stars: | 2023-07-27 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup deploys AI to monitor patients' mental health symptoms, for depression and anxiety. Check out the 9-slide deck it used to secure the fresh funding. A startup that uses AI to detect, assess, and track symptoms of mental illnesses — such as depression and anxiety disorder — has secured $2.7 million. Given the "subjective" nature of mental health diagnoses, doctors hadn't realized the severity of her friend's condition, Molimpakis said. In a bid to make "mental health as objectively measurable as physical health," Thymia has developed an AI-powered platform that combines neuropsychology, linguistics, and machine learning to assess signs of mental illness in patients — and evaluate how their symptoms are progressing.

Persons: —, Thymia, Emilia Molimpakis, hadn't, Molimpakis, Amanda M Cardinale, Nadav Rosenberg Organizations: Kodori Ventures, Syndicate, Ventures Locations: London, Crowdcube

☆ How Abu Dhabi's $276 billion Mubadala sovereign wealth fund is investing in software in the new age of AI
▼ + stars: | 2023-07-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Ali Osman, head of technology and software investments at Abu Dhabi's giant Mubadala sovereign wealth fund, has invested steadily through it all and is not shying away from putting more money to work. He and his team focus on business software and specialize in private equity, making direct buyout investments and indirect bets through major PE firms. Osman works with many of the biggest and most successful PE firms in the tech space, including Thoma Bravo, TPG and Bain Capital. AI uncertainty and dataThe generative AI boom, and the rise of large language models, has introduced a major new variable to software investing. The other bottleneck is capital, basically the cash available to invest in software businesses.

Persons: Ali Osman, Mubadala, Osman, Thoma Organizations: Abu, Thoma Bravo, TPG, Bain Capital, Vista Equity Partners, PE Locations: Morocco, SalesLoft, mindspace

☆ This startup helps software-as-a-service firms drive sales through word-of-mouth. Check out the 15-slide pitch deck Cello used to raise $3.5 million.
▼ + stars: | 2023-07-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cello, a Munich-based startup incentivizing software-as-a-service referrals, has raised $3.5 million. We got an exclusive look at the 15-slide pitch deck it used to raise the fresh funds. A startup that aims to incentivize peer recommendations to drive growth in sales of software-as-a-service products has raised $3.5 million in fresh funds. Munich-based Cello, founded in 2022, has closed a pre-emp ted seed funding round that was led by German investor HV Capital. "Cello had strong signs of early traction soon after launching our product," Bader said.

Persons: Stefan Bader, Bader, Cello's, ByFounders Organizations: Capital, Software Locations: Munich

☆ School's out for summer, and if ChatGPT usage is falling because students are off, that's a bad sign for OpenAI
▼ + stars: | 2023-07-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

ChatGPT usage recently fell. If that's the reason, it's a bad sign for OpenAI and AI-powered chatbots. ChatGPT usage has fallen. Churn rates, which measure the percentage of users who stop engaging with a service, have also spiked into the 20% range for ChatGPT, according to Bernstein Research. "This idea that if the ChatGPT drop-off is due to students on summer break, that implies a narrower audience and fewer use cases."

Persons: ChatGPT Bernstein, ChatGPT, Mark Shmulik, Bernstein, Shmulik, It's, chatbots, OpenAI, Garry Tan Organizations: Morning, Bernstein Research, ChatGPT Bernstein Research, Microsoft, Enterprise, insider.com Locations: OpenAI, Silicon Valley

☆ The future of Amazon's Honeycode cloud service is not looking so sweet
▼ + stars: | 2023-07-14 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Amazon's AWS Honeycode app-building software is being phased out. It's business application team has struggled. Another Amazon business application is struggling. This time it's AWS Honeycode, a cloud-based app-building service. Besides Honeycode, Amazon has axed the Halo health band, the Scout delivery robot, and a number of long-term projects from its Grand Challenge moonshot lab.

Persons: Honeycode, they're, hasn't, Slack, Sriram Devanathan, Adam Bosworth, Adam Seligman, Seligman Organizations: AWS, Amazon, Service, Amazon Connect, SAP, Google, Microsoft

☆ Some companies have demanded employees return to the office. The outcome is worse than we thought.
▼ + stars: | 2023-07-13 | by ( Gleb Tsipursky | ) www.businessinsider.com time to read: +9 min

It echoed the Greenhouse report's findings: a majority of employees, 76%, would actively seek a new job if flexible-work policies were retracted. Upon running an internal survey, they realized that, aside from better compensation and career-advancement opportunities, employees were seeking better flexible-work policies. Their story echoes the collective message from all three reports: companies must adapt to flexible-work policies or risk being swept away. The Greenhouse report bears testament to this, with 76% of employees open to job hunting if their company rolled back flexible-work policies. As we set sail into the future of work, flexibility isn't just a passing trend; it's a necessity, the new standard.

Persons: Greenhouse, Unispace Organizations: Companies, Service, Federal Reserve's Survey, Household Economics, New York Times Locations: Wall, Silicon

☆ How Singapore has become a leading force in tech innovation
▼ + stars: | 2023-07-07 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +8 min

Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.

Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode

☆ Reproductive health startup Fertifa, unusually headed up by a VC, just raised $6.3 million with this 18-slide pitch deck
▼ + stars: | 2023-06-30 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Reproductive health startup Fertifa has raised $6.3 million in seed funding. A reproductive healthcare startup run by prominent VC investor Eileen Burbidge has raised $6.3 million in seed funding. London-based Fertifa, founded in 2019, provides companies with reproductive health and well-being support for employees facing fertility or sexual health challenges. Burbidge, who was an early backer of fintech bank Monzo as a partner at Passion Capital, took over as CEO at the startup late last year. Other backers include Tiny.vc, EQT Foundation, previous investors Passion Capital and Speedinvest, along with prominent angels like Onfido cofounder Eamon Jubbawy and former Monzo CEO Tom Blomfield.

Persons: Eileen Burbidge, Burbidge, Fertifa, Eamon Jubbawy, Tom Blomfield Organizations: Passion Capital, Meta, Bain Capital, DE, Notion Capital, Triple Point Ventures, EQT Foundation Locations: London, Europe

☆ Startup studio Fractal created 130 companies in 3 years. Founders say the deal structure has led VCs to 'blacklist' them.
▼ + stars: | 2023-06-29 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +19 min

www.fractalsoftware.comOf the dozens of Fractal startups that have raised a seed round of funding, about half had Bienville Capital lead the deal, according to people familiar with the matter. Others say they knew what they were getting into with a venture studio, where a large ownership position is standard. Brendan Smialowski/AFP via Getty ImagesThe biggest draw for some Fractal founders was its plug-and-play approach. The founder of one Fractal startup remembered a time when his company was struggling to grow its customer base. That firm is raising a new $325 million fund to provide additional funding to Fractal companies exclusively, according to a person familiar with the effort.

Persons: Fractal's, he'd, they'd, Andreessen Horowitz, Mike Furlong, Nate Baker, Bienville, —, Brendan Smialowski, Founders, Angela Lee, Furlong, Baker, Ezra Shaw, who'd, who's, It's, Lee, She's, 8VC, Bain, Jeff Greenberg, Omri Bloch, who've, didn't, Stephanie Palazzolo, Melia Russell Organizations: Flatiron Health, Bienville, Insight Partners, Bienville Capital, Getty, Columbia Business School, Alpha, Midwest, Science, Olympic Club, Tiger Global, Craft Ventures, Founders, Vertical Venture Partners, Zag, Crew Capital, Bain Capital, Universal, Foundation, Fifth Locations: Bienville Capital, New York, Bienville, Indio, AFP, Santa Monica , California, Miami, San Francisco, GreenSpark, Columbia, Barti, Aktos, Bessemer, 8VC

☆ Check out the 24-page pitch deck that the startup SuperScale used to raise $5.4 million to help video game companies monetize their library
▼ + stars: | 2023-06-27 | by ( Ryan Joe | ) www.businessinsider.com time to read: +3 min

The startup SuperScale raised a $5.4 million Series A.SuperScale sells a platform that helps video game companies monetize their libraries. Check out the pitch deck that reveals how SuperScale raised its latest round. Video game companies often have vast gaming libraries, but not enough resources to monetize them through ads or downloadable content. SuperScale is trying to take advantage of the fact that today, the video game industry tends to update existing video games rather than develop new ones. "Rather than launching a sequel, you update the core game," Trancik said.

Persons: SuperScale, Ivan Trancik, Trancik Organizations: Venture, Future Fund, Private Investments, EA, Zynga

Adenza was created in 2021 when Thoma Bravo merged Calypso Technologies with AxiomSL and is expected to generate about $590 million in revenue this year. As part of the Adenza deal, Thoma Bravo will get a 14.9% stake in Nasdaq, making the private equity firm one of the company's biggest shareholders. Nasdaq said buying Adenza is expected to increase the medium-term organic revenue growth outlook for its Solutions Businesses, which designs and develops financial software for investors, from 7%-10% to 8%-11%. Goldman Sachs & Co and J.P. Morgan Securities are financial advisers to Nasdaq, while Qatalyst Partners is lead financial advisor to Thoma Bravo and Adenza. Wachtell, Lipton, Rosen & Katz is serving as legal adviser to Nasdaq, while Kirkland & Ellis is serving as legal adviser to Thoma Bravo and Adenza.

Persons: Thoma, Adena Friedman, Morningstar, Michael Miller, Friedman, Adenza, Andrew Bond, Holden Spaht, Thoma Bravo's Spaht, Goldman Sachs, Wachtell, Lipton, Katz, Ellis, Manya Saini, Anirban Sen, John McCrank, David French, Milana, Michelle Price, Sruthi Shankar, Nivedita Bhattacharjee, Nick Zieminski, Lisa Shumaker Organizations: Thoma Bravo, Nasdaq Nasdaq, Nasdaq, Calypso Technologies, REUTERS, OMX, International Securities Exchange, Rosenblatt Securities, Solutions, Goldman Sachs & Co, Morgan Securities, Qatalyst, Rosen, Kirkland, Adenza, Thomson Locations: New York City, U.S, Adenza, Bengaluru, New York, Washington

☆ Here are Monday's biggest analyst calls: Oracle, Tesla, McDonald's, Amazon, Nio, Carnival, AMD and more
▼ + stars: | 2023-06-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates McDonald's as buy UBS said McDonald's is "well positioned to drive further sales growth and market share gains." JPMorgan upgrades Carnival to overweight from neutral JPMorgan said it sees an "attractive risk/reward" for the cruise operator. Bank of America upgrades Carnival to buy from neutral Bank of America said it's getting bullish on cruise demand. Morgan Stanley upgrades Sentinel One to overweight from equal weight Morgan Stanley said the cybersecurity company has an attractive risk/reward. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley said it's bullish on the company's long-term growth outlook.

Persons: McDonald's, it's, Morgan Stanley downgrades Bill.com, Morgan Stanley, Wolfe, Tesla, Nomura, Evercore, Wedbush, it's bullish, Argus, Abercrombie, Jefferies Organizations: UBS, JPMorgan, JPMorgan Chase, Petrobras, CCL, Bank of America, of America, Intuit, Oracle, Disney, Auto, Citi, U.S . Bancorp Citi, U.S . Bancorp, Sentinel, AMD, Abercrombie, Fitch

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