Columbus, OH

Bharti Global struck a deal with Altice to acquire its 24.5 per cent stake in BT Group, a move which CEO Allison Kirkby claimed backs her long-term strategy and provides a vote of confidence in the UK telecoms giant. The value of the deal was undisclosed, but it would have...

Bharti Global to become major shareholder in BT

The Independent

Indian conglomerate Bharti Global is poised to become a 24.5% shareholder in BT, buying French media giant Altice’s stake in the firm, it said on Monday.The business giant said it has entered into a binding agreement with Altice to buy a 9.99% stake in BT.A further 14.51% stake is pending national security clearance from the UK Government, it said, adding that it has “no intention of making an offer to acquire the company”.Bharti Global said the investment is “a vote of confidence in the UK as an attractive global destination for investment, with a stable business and policy environment attractive...

Indian telecoms giant Bharti to take 24.5% stake in BT

Artificial intelligence (AI) firm Groq has raised $640 million in a funding round led by BlackRock Private Equity Partners. Other existing and new investors included Neuberger Berman, Type One Ventures, and strategic investors, including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung Catalyst Fund. Online investment platform OurCrowd also claims Groq as a portfolio company, although it does not appear they participated in this round. The valuation of the funding round was not made avaiable.

OurCrowd Portfolio Company Groq Raises $640 Million in New Funding Round

Balderton Capital, one of Europe’s leading technology venture capital firms, today announced its $615 million Early Stage Fund IX and $685 million Growth Fund II, to back Europe’s most ambitious entrepreneurs from seed stage through IPO. “At Balderton, we believe the best way to change the world is...

Balderton Announces $1.3B in New Funds to Back Europe’s Top Entrepreneurs as They Build World-Changing Businesses

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Janus Henderson announced plans to buy a majority stake in Victory Park Capital Advisors, a global private credit manager. Chicago-based Victory Park boasts a track record spanning almost two decades of offering customized credit solutions to both established and emerging businesses. The acquisition, scheduled to close in the fourth quarter of 2024, is thought to […]

Janus Henderson to buy private credit firm Victory Park

Entrepreneur

Alexandr Wang dropped out of MIT to create his own AI startup. His net worth is now $2 billion.

These Are the AI Skills You Should Learn Right Now, According to the World's Youngest Self-Made Billionaire

Steve B Howard

I've covered Muscle Cars from the 1960s and 1970s I like, Muscle Cars that had the best performance, cars that I have owned, fast cars that I have driven, and even classic VWs that I think are cool most recently.

Longest-Lasting Cars: Top 3 Most Reliable Models

Illinois State

The $71 billion Teachers’ Retirement System of Illinois kicked off a search for a private equity investment consultant. StepStone Group currently serves as the private equity program consultant, and officials are issuing the RFP as the firm’s five-year contract will expire later this year. According to an announcement from the Springfield, Ill.-based fund, StepStone is […]

Illinois Teacher issues PE consultant RFP

Venture capital plays an important role in helping new businesses get off the ground. The field also has a stubborn gender gap. More than 4 in 5 partners at U.S.-based venture capital firms are men, surveys and research show. Perhaps relatedly, VC firms overwhelmingly direct their funds to man-led businesses: In 2023, only about 1 in 4 VC funds were allocated to woman-led companies, according to Crunchbase data.

Surprising findings: More female venture capitalists linked to less funding for women entrepreneurs

Fulcrum IT Partners is acquiring Ohio-based cybersecurity firm Fortress SRM from MCPC for an undisclosed amount. Fulcrum IT, which has positioned itself as an emerging platform MSP in recent years, says it was attracted to Fortress’s reputation in cybersecurity. The deal also gives Fulcrum its own security operations center (SOC).

Platform Fulcrum IT Acquires Fortress SRM, Gains In-House SOC

Russell Investments welcomed Ayesha Parra as global head of Alternatives for its growing global alts platform. Parra, who joined in July, leads a team of alternative investment specialists who focus on strategies that are additive to its core business that totals $301.5 billion. She brings with her experience from her 19 years at Goldman Sachs […]

Russell Investments appoints GSAM veteran to lead alts drive

Fortune

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday  company said it was laying off about 20 employees (out of close to 400).

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

The Carlyle Group has agreed to purchase Baxter International’s Kidney Care segment for $3.8 billion. The acquisition will create a standalone kidney care company named Vantive, marking Carlyle's latest major investment in the medical technology sector. With 23,000 employees and 2023 revenues of $4.5 billion, Vantive offers products and services for peritoneal dialysis, hemodialysis, and […]

Carlyle to acquire Baxter’s kidney care business for $3.8bn

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Thailand’s Securities and Exchange Commission said the sandbox is now open for applications for participants including crypto exchanges, brokers, custodians and fund managers. The sandbox intends to test crypto services in a “real-life context,” the regulator said. Thailand’s securities watchdog has launched a sandbox for cryptocurrency businesses...

Thailand launches crypto regulatory sandbox to ‘facilitate experiments’

The Associated Press

LOS ANGELES--(BUSINESS WIRE)--Aug 12, 2024-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that Wei Gao, FF long time employee and Head of Global Communication and Community Sales, is the newest user who has taken delivery of an FF 91 2.0 Futurist Alliance. The delivery is the second vehicle delivered recently as part of the continuation of the Start of Delivery Second Phase (SOD2) that began last year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240812009457/en/ FF long time employee Wei Gao (middle) who is Head of Global Communication and Community Sales at FF, is the newest user of an FF 91 2.0 Futurist Alliance. (Photo: Business Wire)

Faraday Future Delivers an Additional FF 91 2.0

On August 1, 2024, CISA announced that it had appointed Lisa Einstein as its first chief artificial intelligence officer (CAIO). Einstein has worked with the organization since September 2022, when she served as a senior advisor of CISA’s AI division and the executive director of the Cybersecurity Advisory Committee.

CISA announces its first chief artificial intelligence officer (CAIO)

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Georgia State

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The Current GA

Advanced Placement African American studies will be offered in Georgia high schools with state funding, Superintendent Richard Woods said Tuesday, but some members of both political parties are still wondering why there was ever any question.

Georgia schools chief reverses African American studies ‘mistake’

NewsBreak

London VC firm Balderton Capital raises $1.3bn for European tech investments

Balderton Capital, a leading European venture capital firm, has announced two new funds totaling $1.3 billion to support ambitious tech entrepreneurs across the continent. The firm...

London VC firm Balderton Capital raises $1.3bn for European tech investments

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