US-based investment intelligence provider BlueMark has announced raising $10 million in a Series A funding round backed by Singapore state investment firm Temasek Holdings. The funding round, which was anchored by financial information and analytics provider S&P Global, comes as BlueMark plans to expand its presence in Asia and boost its offerings in the region.… Continue reading SG’s Temasek backs impact investing intelligence firm BlueMark’s Series A roundBlueMark plans to expand its presence in Asia, where three of its inves…
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Secondaries-focused investor Aquilius raises $400m for maiden fundIt raised an additional $200m for co-investments.
Singapore-based investment manager Aquilius Investment Partners has announced raising $400 million for its maiden fund that will invest in secondaries transactions in the Asia-Pacific region. Alongside the $400-million commitment, Aquilius said it also raised an additional $200 million of managed accounts available for co-investments from its investors, which include sovereign wealth funds, family offices, and… Continue reading Secondaries-focused investor Aquilius raises $400m for maiden fundIt raised an additional $200m for co-investments.
Australian regulator re-authorises 5-year pact between Jetstar’s Asian brands
Australia’s competition regulator on Wednesday re-authorised Qantas Airways Ltd and its budget arm Jetstar Airways Pty Ltd for a five-year continued coordination for two Jetstar Asian-based joint ventures – Jetstar Asia and Jetstar Japan. The Australian Competition and Consumer Commission (ACCC) had previously granted an interim authorisation to the company, saying the continued coordination allows… Continue reading Australian regulator re-authorises 5-year pact between Jetstar’s Asian brands
Australia’s Star Entertainment to lay off 500, trims earnings view
Australia’s Star Entertainment Group Ltd on Wednesday announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower, as regulatory restrictions and weak consumer behaviour dent the casino operator’s earnings. The company will lay off some full-time equivalent employees across the group, cancel short-term and other incentives for fiscal 2023, among… Continue reading Australia’s Star Entertainment to lay off 500, trims earnings view
Indian startups may raise just $10b this year amid prolonged funding winter
A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of 2023, 75% lower than the same… Continue reading Indian startups may raise just $10b this year amid prolonged funding winter
SEA Digest: Grab partners with Malaysia govt; Accrelist to buy stake in aesthetic clinics
Grab has partnered with the Malaysian government to provide PSV licences, while Singapore’s Accrelist has agreed to acquire a majority stake in SJY Medical. Separately, ScaleUp Malaysia has selected seven emerging startups for its Cohort IV. Grab provides vocational licences in Malaysia Southeast Asian superapp Grab has partnered with the Malaysian Government to provide e-hailing… Continue reading SEA Digest: Grab partners with Malaysia govt; Accrelist to buy stake in aesthetic clinics
HERE Map Layers and HERE Lidar Data now available on HERE Marketplace
Have you explored the HERE Marketplace yet? It is our new storefront to buy location-centric HERE data and services. All self-serve and named customers subscribed to the HERE Base Plan can see Marketplace in their HERE platform account. Log in to your HERE platform account. From the Launcher on top right, select Marketplace to start… Continue reading HERE Map Layers and HERE Lidar Data now available on HERE Marketplace
Furious Record Label Gets AI-Generated Drake Song Deleted
AI’s most fearsome opponent yet? The lawyer-powered music industry. Drake Equation Major record label Universal Music Group (UMG) has forced a song that uses the AI-generated vocals of Aubrey “Drake” Graham and Abel Makkonen “the Weeknd” Tesfaye to be taken offline, Billboard reports, calling it out as being “infringing content.” The song, dubbed “Heart on… Continue reading Furious Record Label Gets AI-Generated Drake Song Deleted
Twitter Says It’s Okay to Harass Trans People Now
The decline of Twitter continues. Moving Backwards In a quiet new rule change, Twitter has rolled back its prior protections for transgender users amid an international anti-trans movement on both sides of the pond, a worrying step backward for the Elon Musk-led company. In a statement, LGBTQ advocacy group GLAAD noted that Twitter has removed a… Continue reading Twitter Says It’s Okay to Harass Trans People Now
Guy Admits That His Prize-Winning “Photo” Was Actually Generated Using AI
“AI is not photography. Therefore I will not accept the award.” German artist Boris Eldagsen, who recently won a prestigious photography competition with a stunning black and white portrait, is now refusing the award after admitting the image was created using an AI image generator, The Guardian reports. In a statement on his personal website,… Continue reading Guy Admits That His Prize-Winning “Photo” Was Actually Generated Using AI