California Department of Cannabis Control (DCC) is facing scrutiny after a state audit revealed significant mismanagement of a $100 million grant program intended to streamline cannabis business licensing in 17 jurisdictions. This program, established in 2021, was intended to help cannabis companies move from provisional licenses to annual licenses, a …
Scottish cloud and data centre services provider DataVita now offers its customers data residency in the UK with the launch of National Cloud. With the aim of positioning itself as an alternative to large cloud providers, it offers the new platform through a strategic partnership with Hewlett Packard Enterprise (HPE). …
Chinese Tech Giants Alibaba Group Holding Ltd. SLIME and Tencent Holdings Ltd TCEHY are significantly increasing their investments in AI startups, despite an overall decline in their total investments. What happenedSince 2023, Alibaba and Tencent have directed 40% and 30% of their China deals, respectively, to AI startups, marking record …
French billionaire Bernardo Arnault has been making a number of investments in AI startups through his family office, Aglaé Ventures. What happened:Arnault, the CEO of the luxury goods conglomerate LVMH Left ventricular heart ratehas made five AI-related investments in 2024, according to data from private equity intelligence platform Fintrx, CNBC …
The head of the world's largest luxury group LVMH, Bernard Arnault, presents the group's 2022 annual results in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images A version of this article first appeared on CNBC's Inside Wealth with Robert Frank, a weekly guide for high-net-worth investors …
In an attempt to challenge NVIDIA Corporation. NVDADue to the dominance of artificial intelligence, Asian startups are developing more cost-effective and energy-efficient chips for specific AI applications. What happened:Asian startups are challenging Nvidia's dominance in AI by developing more energy-efficient and cost-effective chips for specific AI applications. These startups are …
Nio's second factory in Hefei City has about 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – Chinese electric car companies listed on the U.S. stock exchange are spending more on research relative to sales than their competitors. Teslaaccording to CNBC's analysis of first-quarter earnings from the …
Artificial intelligence startup Anthropic and one of its largest investors, Menlo Ventures, have teamed up to create a $100 million fund to invest in startups using AI technology. The Anthology Fund will primarily support entrepreneurs in five key areas. First, there is AI infrastructure, such as DevX tools and middleware, …
Benzinga has hosted a series of virtual events this July, catering to a variety of interests in whiskey investing, startup innovations, and real estate trends. Here's a detailed rundown of what's on the agenda. The rise of whisky investment The first event, scheduled for July 11, is a webinar titled …
social media platform Reddit Inc. RDDT It witnessed a significant rise in its stock value after the company announced an update to its policy to block automated website scraping. What happened: Reddit shares rose nearly 9% following the announcement of a new policy. The company, in a Blog post, detailed …