London based AI start-ups raised a record $3.5 bn in venture capital funding last year

London based AI start-ups raised a record .5 bn in venture capital funding last year

ElevenLabs CEO Mati Staniszewski in the company’s new London office in Soho (ElevenLabs) London based AI start-ups raised a record $3.5 billion (£2.9 billion) in venture capital investment last year keeping the capital at the top of the European league table. latest figures from analysts Dealroom and the Mayor’s growth agency London & Partners shows … Read more

Country Garden Posts Another Record Loss on China Housing Slump

Country Garden Posts Another Record Loss on China Housing Slump

(Bloomberg) — Country Garden Holdings Co. suffered another record loss in 2023 as one of China’s largest developers continues its lengthy restructuring process after defaulting on its debt. Most Read from Bloomberg The embattled real estate firm reported a loss attributable to shareholders of 178.4 billion yuan ($24.3 billion) for the year, compared with a … Read more

US Wholesale Inflation Surprisingly Eases on Drop in Food Prices

US Wholesale Inflation Surprisingly Eases on Drop in Food Prices

(Bloomberg) — US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and and flat services prices that may help temper concerns of lingering price pressures. Most Read from Bloomberg The producer price index for final demand rose 0.2% from a month earlier, according to a Bureau of Labor Statistics report … Read more

Abu Dhabi-Backed VC Firm Invests in Crypto Tech Startup Dfns

Abu Dhabi-Backed VC Firm Invests in Crypto Tech Startup Dfns

(Bloomberg) — Further Ventures, the venture capital firm backed by Abu Dhabi’s sovereign wealth fund ADQ, led a $16 million investment in Paris-based crypto wallet technology firm Dfns, as digital-asset dealmaking heats up. Most Read from Bloomberg Other investors in the round include market maker Wintermute, Motive Partners, Bpifrance and Motier Ventures, the family office … Read more

EU’s Top Diplomat Wants Bloc to Flex Economic Muscle With Russia

EU’s Top Diplomat Wants Bloc to Flex Economic Muscle With Russia

(Bloomberg) — The European Union needs to discuss the option of raising joint debt to finance the heavy spending required to bolster its defenses against Russia, the bloc’s top diplomat Kaja Kallas said. Most Read from Bloomberg “We have a clear crisis now that requires more spending in defense,” Kallas said in an interview Tuesday … Read more