RAG models - CybAI news

07 Aug

Instacart Posts Sales Beat, Issues Strong Earnings Outlook

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, Consumer Spending, DOORDASH INC - A, Earnings, jobs, MAPLEBEAR INC, san francisco, Taxes, Technology, UBER TECHNOLOGIES INC

Instacart posted better-than-expected sales in the second quarter, signaling that the grocery-delivery business has a strong enough user base to support its longer-term bet on advertising.Revenue gained to $823 million, far surpassing analysts’ expectations of $806 million. The value of orders placed during the quarter totaled $8.19 billion, also beating estimates. That’s even while the San Francisco firm reported that overall orders grew at a slower pace than expected. Source link lol

07 Aug

85 of the most promising startups of 2024, according to top VCs

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There's an adage in venture capital that great companies are born out of hard times. Amazon survived the dot-com bubble. The Great Recession gave us Uber and Airbnb.At this rate, 2024 will be a banner vintage for funds to invest in startups. These young companies have weathered an economic meltdown, a bank collapse, and the biggest platform shift in technology since cloud computing.To identify which startups have a head start on success, we asked venture capitalists from firms such as Accel, GV, Founders Fund, Greylock, Harlem Capital, IVP, and Khosla Ventures, as well as managers of newer and boutique funds,…

07 Aug

Lazard Brokers Sale of Africa Payment Firm OMOA to Tunisia’s SPE

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Private equity investor Adenia Partners Ltd. said it will sell its 100% stake in African payments firms OMOA to Tunisia-based SPE Capital in a deal brokered by Lazard Inc.The deal, for an undisclosed price, will complete Adenia’s exit from the €96 million ($105 million) fund that purchased the stake alongside other holdings, head of investor relations Mack Schow said in an interview. Source link lol

07 Aug

It’s not just real estate and spending — another pillar of China’s economy looks like it’s heading for trouble, too

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In addition to battling a slowing economy, China is now feeling the sting of slowing global demand for its goods.The country's July exports grew 7% from the same period last year, falling short of an expected 9.7% increase and its slowest expansion pace in three months, Reuters reported. The figures for July also fell below China's explosive 8.6% export growth in June, which was the fastest in 15 months.Meanwhile, China's imports in July surged 7.2% year-over-year, significantly higher than the expected 3.2%. Imports from the US increased 24% from last year, CNBC reported.The slowdown in China's exports comes amid sluggish…

07 Aug

Sony Raises Outlook After Music, Software Help Earnings Beat

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Sony Group Corp. raised its forecast for revenue and profit in the fiscal year to March after a successful quarter for its music and gaming software divisions.The Japanese entertainment giant said its operating profit during the three months ended June was ¥279.1 billion ($1.9 billion), beating the consensus estimate of ¥273.9 billion and the year-earlier profit of ¥253 billion. Sales for the fiscal year are now expected to come in at ¥12.6 trillion, with ¥1.3 trillion yen in operating profit, both slightly raised. Source link lol

07 Aug

A man lost 100 pounds and kept them off by making two simple lifestyle changes

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When Benji Xavier struggled to find clothes that fit him on a shopping trip in August 2021, he decided things needed to change.Xavier, 28, based in New Jersey, had always struggled with his weight and spent many years trying fad diets that left him miserable."I lost weight, but it wasn't in the healthiest way. I was kind of falling victim to that toxic diet culture," he told Business Insider.He's not alone: the US diet industry was estimated to be valued at more than $70 billion in 2023. However, attitudes toward weight loss appear to be shifting. The rise of GLP-1s…

07 Aug

SoftBank Unveils $3.4 Billion Buyback Ahead of Next Big AI Bet

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SoftBank Group Corp. announced a buyback worth up to ¥500 billion ($3.4 billion), following a month of sharp selloffs and pressure from activist investor Elliott Investment Management to bolster its stock price.The Tokyo-based technology investor plans to buy up to 6.8% of its free-floating outstanding shares in the year to August 7, 2025, according to a release Wednesday. The announcement comes after Elliott built a sizable stake in SoftBank this year and had pushed for a $15 billion buyback, people familiar with the matter said in June. Source link lol

07 Aug

Mark Cuban says the 2024 election is coming down to Ivy League insiders versus outsiders

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The 2024 presidential election is shaping up to be a smackdown between Ivy League insiders and outsiders, "Shark Tank" star Mark Cuban said on Tuesday."This is the public school kids vs the Ivy League and it shows in how they all act," Cuban wrote in an X post after Vice President Kamala Harris announced Gov. Tim Walz of Minnesota as her running mate on the same day.Former President Donald Trump graduated from the University of Pennsylvania's Wharton School in 1968. His running mate, Sen. JD Vance of Ohio, graduated from The Ohio State University in 2009 and Yale Law School…

07 Aug

Philippine Fintech GCash Still Eyeing IPO After MUFG Investment

stp2y0 CommentsRAG modelsAYALA CORPORATION, Ernest Lawrence Cu, fintech, GLOBE TELECOM INC, IPOs, Martha Sazon, media, MITSUBISHI UFJ FINANCIAL GRO, Philippines, Technology, Valuation

The Philippines’ top mobile payments provider GCash is still keen on going public after its latest investment round pushed the fintech company’s valuation to $5 billion.“We recognize that the new round of investments further strengthens Mynt’s ability and position coming into an IPO,” Globe Fintech Innovations Inc. CEO Martha Sazon said Wednesday. Globe Fintech, or Mynt, is the parent of GCash and the entity that will do the initial public offering. Source link lol

07 Aug

The Harris-Walz campaign’s camo hat is another stroke of Gen Z marketing genius

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Vice President Kamala Harris selected Minnesota Gov. Tim Walz as her running mate on Tuesday night, and soon after, they released a slate of new campaign merchandise.To the untrained eye, the campaign's new camouflage hat with the words "Harris-Walz" written on it, looks pretty regular.But to some people on social media, it looked like a veiled reference to Chappell Roan, Gen Z pop sweetheart.The "Harris-Walz" hat does bear a passing resemblance to the "Midwest Princess" camo hat that is part of Roan's tour merchandise. The hat Roan released was a direct reference to her album title: "The Rise and Fall…