Sports 

Messi backing Pique in new Davis Cup venture

(Reuters) – Lionel Messi is one of the investors in the Davis Cup Finals in Madrid later this year, according to Barcelona team mate Gerard Pique whose Kosmos company has been instrumental in a revamp for the historic tennis competition. Pique’s investment firm Kosmos has backed the new format to the tune of $3 billion over 25 years and will jointly run the competition alongside the International Tennis Federation (ITF). The inaugural 18-nation finals, which have replaced the 16-nation World Group played throughout the year, will take place at Madrid’s…

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Technology 

Venture capital firm uses AI to seek out start-ups across Europe

LONDON (Reuters) – A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fund to date. InReach Ventures was founded by Roberto Bonanzinga and John Mesrie, both previously at Balderton Capital, and Ben Smith, formerly at Microsoft’s teamworking tool Yammer. InReach has spent three years developing its own proprietary AI technology to discover, evaluate and support its investments. Bonanzinga said European start-ups were scattered across the continent, meaning that many early…

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Technology 

Venture capital firm uses AI to seek out start-ups across Europe

LONDON (Reuters) – A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fund to date. InReach Ventures was founded by Roberto Bonanzinga and John Mesrie, both previously at Balderton Capital, and Ben Smith, formerly at Microsoft’s teamworking tool Yammer. InReach has spent three years developing its own proprietary AI technology to discover, evaluate and support its investments. Bonanzinga said European start-ups were scattered across the continent, meaning that many early…

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FIFA 

2018 FIFA World Cup Russia™ – News – FIFA and Qatar announce joint venture to deliver 2022 FIFA World Cup™

FIFA World Cup Qatar 2022 LLC will be responsible for the planning and delivery of operations and services for the tournament LLC combines FIFA’s extensive tournament experience with Qatar’s own global event knowledge and nine years’ host country work already undertaken Innovative model aims for greater efficiencies and control of event planning and delivery in order to ensure an optimum FIFA World Cup experience for all stakeholders In line with the FIFA 2.0 vision and its objective to create an innovative model that streamlines the operational delivery of the FIFA…

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Technology 

China’s Didi, BAIC set up joint venture to work on NEV projects

FILE PHOTO: A woman walks past a sign of station for Didi Chuxing in Beijing, China January 2, 2019. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – China’s Didi Chuxing said it had set up a joint venture (JV) with Beijing Electric Vehicle Co., a unit of state-owned BAIC, to work on new energy vehicle and artificial intelligence projects. The JV, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, aims to develop “next-generation connected-car systems”, Didi, China’s largest ride-hailing operator, said on Monday. This is the first JV between Didi and state-owned BAIC,…

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Technology 

Bill Gates’ nuclear venture hits snag amid U.S. restrictions on China deals: WSJ

FILE PHOTO: Microsoft founder Bill Gates attends a forum of the first China International Import Expo (CIIE) in Shanghai on November 5, 2018. Matthew Knight/Pool via REUTERS NEW YORK (Reuters) – TerraPower LLC, a nuclear energy venture chaired by Microsoft Corp co-founder Bill Gates, is seeking a new partner for early-stage trials of its technology after new U.S. rules forced it to abandon an agreement with China, company officials told the Wall Street Journal. TerraPower reached an agreement with state-owned China National Nuclear Corp in 2017 to build an experimental…

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Top stories 

Beyoncé buys out Ivy Park venture from Sir Philip Green

Image copyright Getty Images Beyoncé has ended a business venture with Topshop boss Sir Philip Green by buying him out of Ivy Park, the gymwear label they founded together. The pair launched Ivy Park two years ago, playing on the personal brand of the US singer and outspoken feminist. The buyout comes weeks after Sir Philip was named as having taken legal action to prevent publication of allegations of sexual harassment of staff. Sir Philip says he “categorically and wholly” denies the allegations. However, Beyoncé had faced pressure from campaigners…

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Technology 

Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy

SAN FRANCISCO (Reuters) – Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Enrique Salem, managing director at Bain Capital Ventures, in San Francisco, California, U.S., is shown in this 2015 handout photo, provided November 13, 2018. Bain Capital Ventures/Damian Marhefka/Handout via REUTERS Bain Capital Ventures, which has backed LinkedIn and Jet.com, told Reuters that $650 million would go into one fund, about…

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Technology 

CEO of Walmart’s India venture resigns after sexual assault accusation: source

(Reuters) – The chief executive of Flipkart Group, Walmart Inc’s (WMT.N) Indian e-commerce business, resigned following an internal probe into accusations of “serious personal misconduct,” Walmart said Tuesday. FILE PHOTO – Binny Bansal, Group Chief Executive Officer of India’s largest e-commerce firm Flipkart, poses at the company’s headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek N. Chinnappa The misconduct accusations followed an allegation of sexual assault, two people familiar with the matter said. The departure of Binny Bansal, 37, one of the co-founders of Bangalore-based Flipkart, could be a setback…

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Technology 

Micron to buy Intel’s stake in joint venture IM Flash Technologies

(Reuters) – Micron Technology Inc (MU.O) said on Thursday it planned to take full control of IM Flash Technologies joint venture with Intel Corp (INTC.O). FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo The deal terms include payment of about $1.5 billion in cash, as well as taking over Intel’s debt to the venture, which was about $1 billion as of Aug. 30, Micron said. Intel and Micron initially contributed…

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