One of Africa’s most active investors, known for early bets on unicorns like Flutterwave, Andela, and Wave, has secured fresh capital to invest in startups across the continent. This comes as funding deals and volumes in Africa saw only a slight dip last year, according to a report by VC firm Partech. LoftyInc Capital, which […]
President Joe Biden’s administration says it’s finalizing rules to curb investments in AI and other tech sectors in China, Reuters reports. The rules, which were first proposed in June by the U.S. Treasury and directed by an executive order President Biden signed in August 2023, cover certain AI systems, quantum information systems, and semiconductors and
U.S. finalizing rules to ban certain investments in AI tech in China Read More »
The Asia Pacific region has long been an important market for wealth management firms with the plethora of developing economies and a burgeoning retail investment market. But there’s still a huge market to capture: About 40% to 45% of personal financial assets in the region are held in cash and deposits as of 2023, according
Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific Read More »
Investments in generative AI startups — those that are creating AI-powered products to generate text, audio, video and more — aren’t slowing down. But they’re being consolidated into a shrinking number of early-stage ventures. In the first half of 2023, from January to July 16, 225 startups raised $12.3 billion from VCs, according to Crunchbase
VCs are still pouring billions into generative AI startups Read More »
