Temasek bet on chinese tech companies just before share collapse

Share to Twitter Share to Linkedin A couple of years ago, two old friends found themselves both in an unusual position: They were venture capitalists of color in a business that is dominated by white people. In 2021, Austin Clements and Ajay Relan formed their own firm, Slauson & Co., named for the famous thoroughfare in south L.A. It’s one of the highest-profile of many recently formed firms, initiatives and funds – many started in the wake of George Floyd’s murder — that aim to diversify entrepreneurship. The premise is that diverse venture capitalists will fund more diverse founders, who in turn, as they succeed, will create jobs and wealth in diverse communities. It’s a questionable premise in its ambition. Only a tiny fraction of startups in the United States, about 1%, receive venture capital. Even fewer succeed. And VC-backed winners tend to employ relatively few people, because part of the profitability they need to scale depends on keeping … [Read more...] about In Slauson & Co., Google Investor Ron Conway Is Betting On More Than Money

Share to Twitter Share to Linkedin Tech leaders are expected to stay up to date on all the latest tech concepts, but in today’s businesses, there are certain tech terms every leader needs to understand—no matter their specialty. Without a thorough grounding in the tech processes and tools modern companies require to operate, leaders can’t make the correct strategic decisions, communicate effectively with the tech professionals they work with or safely and fully serve their customers. From learning how essential tech tools really operate to understanding how to protect their assets in an increasingly digital world, expanding their tech knowledge can help any leader become better at their job. Here, 16 members of Forbes Technology Council share common technology terms and concepts many nontech people misunderstand, what they actually mean and why they’re important. 1. Compliance One business-critical term that is often misused and misunderstood by … [Read more...] about 16 Tech Terms And Concepts Every Business Leader Should Understand

Share to Twitter Share to Linkedin Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 - Apple, Microsoft, and Google want you to go password-less. Apple, Google, and Microsoft recently announced that they will soon employ technology from the FIDO (Fast Identity Online) Alliance to make it possible for users to work across websites and apps by logging into a single website in Chrome from their PC using an iPhone. Users will use facial recognition, passcode, or fingerprint ID to register their identity through their smartphone. Once users confirm their identity on their phones, it’s there for good. (Source: Yahoo Finance ) Why this is important for your business: One of the biggest trends business owners will see over the next couple of years will be the death of passwords. Easily hacked and poorly administered, passwords have always been a lousyt way to secure data. The … [Read more...] about Apple, Microsoft And Google Are Killing Passwords…And Other Small Business Tech News This Week

Share to Twitter Share to Linkedin An overwhelming number of U.S. registered voters say they support higher tariffs on goods imported from China. According to a poll released this week by Morning Consult, 73% of survey respondents said they support the U.S. government using trade remedies on China to protect U.S. industries and American workers with a similar high number — 71% — supporting the trade war tariffs imposed on $250 billion worth of China imports during the Trump administration. Even with inflation at levels not seen since the 1970s, American voters seem willing to force companies to import from elsewhere or make it locally instead. “I am not surprised by these numbers,” says Harsh Khurana, CEO of WeCultivate, a tech company funded in part by Mark Cuban , that works as a browser extension on Amazon AMZN to show consumers American-made products. “Tariffs hurt the American consumer more than they hurt China's manufacturing because the … [Read more...] about Sorry, China. Most Americans Support Higher Prices On Your Imports.

The self-propelled K-9 Thunder howitzer on the move [JOINT PRESS CORPS] To understand the Korean defense industry, the self-propelled K-9 Thunder howitzer might be a good place to start. The tank-like vehicle is a key piece of equipment in Korea and a hit with foreign purchasers. It is generally rated as one of the top 5 self-propelled howitzers globally, putting up a good fight against German, Chinese and Russian models. What makes it especially attractive as an export is the price: it costs about a third of the German offering. About the same bang for fewer bucks. The 155-millimeter self-propelled howitzer has been a success since its introduction by Samsung Techwin in 1999. Hanwha Defense recently won a 2-trillion-won ($1.5 billion) contract from Egypt in February and a 930-billion-won deal from Australia. To make one K-9, 700 separate bulletproof steel plates are needed, which require six rounds of wielding. Big surfaces are done by robots, but the small parts … [Read more...] about Korea defense exports: more bang for the buck

Share to Twitter Share to Linkedin Michel Kilzi is a serial entrepreneur, data intelligence expert with a vision to redefine the role of data as an asset. If there’s one thing that’s the talk of the town today, it’s the metaverse. A blend of virtual reality, augmented reality, sensorial tech and spatial computing, the metaverse promises to give us new experiences from our couches or cubicles. But the metaverse is not just some gaming space, sci-fi dream come true. Nor is it limited to tech companies—it is an entirely new economy. Even traditional firms, including restaurants like McDonald's and retailers like Nike , are preparing for the metaverse to become a space where you’ll be able to go shopping, play games, meet friends, attend concerts, work and generally build a virtual life. Since the metaverse is still in its infancy, there is no clear path to profitability for most businesses; everyone is scrambling to strike gold first. As we … [Read more...] about The New Virtual Economy Of The Metaverse

Ankiti Bose said she and her family were receiving constant threats online. (Image: @ankitibose/Instagram) Ankiti Bose, the Indian-origin founder of Singapore based B2B startup Zilingo has been fired on grounds of “insubordination” after a 51-day suspension. Bose, 30, shared a note on Instagram vowing to act against the “witch-hunt”. "I was suspended on the basis that the company had instructed Kroll to investigate the complaint. I have neither seen the Kroll nor Deloitte reports and not been given sufficient time to produce any documents requested by them,” Bose wrote. "Any report that comes out post my termination would be vitiated as it seems to be instructed by conflicted parties and we will pursue our rights against this witch-hunt to the full extent of the law. I will be speaking on record shortly with more details about the conflicts of interest in the manner this process was run,” she added. Also read: Who is Ankiti Bose, the suspended Zilingo CEO who … [Read more...] about Zilingo ex-CEO Ankiti Bose says receiving threats, calls sacking ‘witch-hunt’

Share to Twitter Share to Linkedin Fadia Kader is no stranger to the world of social media. She’s built a reputation as a dot connector and trend forecaster, creating high-impact strategies for platforms at the intersection of tech, music, media and culture. From her role as Head of Senior Music Partnership Lead at Twitter to her position as the Strategic Music Partnerships Lead at Instagram, she’s worked with some of the biggest names in social media. Now, Kader has taken her talents to Clubhouse as the Global Head of Strategic and Media Partnerships. Clubhouse, the audio-based platform that allows users to gather in virtual rooms and engage in live conversations about everything from fintech to fashion trends, is one of the fastest growing social media apps. Since its launch in April 2020, Clubhouse has amassed millions of users including thought leaders like Oprah Winfrey, superstars like Drake, and global corporations like L’Oreal Paris. While … [Read more...] about Meet Fadia Kader, The Trend Forecaster Keeping Innovative Social Audio App Clubhouse Ahead Of The Curve

This article is from Capital & Main , an award-winning publication that reports from California on economic, political, and social issues. After decades of decline in overtime pay, the Biden administration is considering action to sharply expand access in a time of high inflation. This is the fourth article of a four-part series examining the 40-year effort by big business and elected officials to deny Americans extra pay for extra work. advertisement advertisement With Americans struggling with inflation, workers’ advocates are banking on a White House that has promised to make millions more workers eligible for overtime wages that pay time and a half. Two presidents who made similar promises over the last 45 years failed to deliver, resulting in outdated federal overtime guidelines and underfunded labor enforcement. But during decades in which lawmakers and lobbyists cut away at overtime access, states like Washington and California … [Read more...] about How several states are taking the lead on restoring overtime pay

Share to Twitter Share to Linkedin The “adults” are back in charge. They’ve given us another war without end, a commodity crisis , and a supply chain crisis. What’s next? A global recession? Markets are a total mess , with Walmart WMT tanking 10% in one trading session on May 18. The last time that happened was the stock market crash of October 1987. Inflation, thanks to unpresented money printing and Universal Basic Income test- drives during an unprecedented China-style lockdown of the U.S. economy in 2020—2021, is now eroding living standards. It’s global. The U.K. inflation print on May 18 was 9%. How transitory is this? If Europe keeps the pressure on commodities in its economic war with Russia, then the answer is – as long as Europe and Russia are sanctioning each other to smithereens. As I predicted here back in February, before the Russian siege of Mariupol, and before much of the Donbas region fell to Russian … [Read more...] about The Coming Global Recession, Helped By Europe’s ‘Green War’ With Russia