Isomer Capital has closed a new 250 million euro (about $268 million) fund to support European tech startups. The announcement comes as Isomer Capital founder and Managing Partner Joe Schorge said he expects these to be “some of the best vintage years in the #vc...
Venture firm IQ Capital has raised $400 million for artificial intelligence (AI) and robotics startups. As City AM reported Monday (June 5), the London-based company says it will use the money to fund a range of “deep tech” companies, an umbrella term for advanced technologies,...
Medical products maker Cardinal Health is combining its Outcomes business with pharmacy tech firm Transaction Data Systems. The deal will give Cardinal Health a minority stake in the combined entity, with Debbie Weitzman, CEO of Cardinal Health’s pharmaceutical segment, joining the Transaction Data Systems (TDS) board of directors, according to...
Retailers have begun scaling back their warehouse and logistics operations amid changing consumer spending patterns. That’s according to a report Monday (June 5) by The Wall Street Journal, which names Big Lots and Walmart among the companies shutting down warehouses and/or laying off distribution workers...
Should artificial intelligence (AI)-generated content be labeled as such? If that content could be used to spread disinformation, then the answer is yes, European Commission deputy head Vera Jourova said at a news conference Monday (June 5), Reuters reported. Her comments come amid concerns that AI could be...
Chanel has signed one of the largest lease agreements since the onset of the pandemic — a prominent retail space in the bustling shopping district of Causeway Bay in Hong Kong. The rented shop spans two floors, emphasizing Chanel’s commitment to maintaining a strong presence...
Perfect Corp. has created an innovative virtual hand-sizing technology aimed at assisting jewelry brands in minimizing their return rates. With the introduction of their new tools, users can now visualize accessories like rings, bracelets, and watches, empowering them to discover the most fitting products without...
Twitter reportedly continues to shed advertisers amid a rise in hate speech on the platform. In the five weeks from April 1 to the first week of May, ad revenue was $88 million, a 59% decrease from the same period a year earlier, The New...
Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into effect in 2024. PYMNTS examines what will be required as banks and FinTechs will rely on each other for data...
