Tag Archive : Bet

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From the outside, VertiVegies looked like a handful of grubby shipping containers put side by side and drilled together. A couple of meters in height, they were propped up on a patch of concrete in one of Singapore’s nondescript suburbs. But once he was inside, Ankesh Shahra saw potential. Huge potential. 

Shahra, who wears his dark hair floppy and his expensive-looking shirts with their top button casually undone, had a lot of experience in the food industry. His grandfather had founded the Ruchi Group, a corporate powerhouse in India with offshoots in steel, real estate, and agriculture; his father had started Ruchi Soya, a $3 billion oilseed processor that had been Shahra’s training ground.

By the time Shahra was introduced to VertiVegies founder Veera Sekaran at a friend’s party in 2017, he was hungry to make his own entrepreneurial mark. A previous attempt had involved sourcing organic food from around

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KEY POINTS

  • Global energy investment topped $2 trillion last year and the International Energy Agency estimates that China needs to add the equivalent of today’s U.S. power system to its electricity infrastructure by 2040, while India needs the equivalent of the European Union’s.
  • Average American household power interruptions totaled six hours in 2018, according to the latest U.S. Energy Information Administration statistics, up threefold from 2013 when reliability data was first collected.
  • Policymakers and business leaders will need to ensure their responses to the dawning AI revolution are smart, practical and, most importantly, ethical. 

The devastation wrought by wildfires along the U.S. west coast in recent days has exposed a fundamental flaw in the adoption of green energy: without digital innovation to create smart grids, clean energy is a green illusion.

Across the globe, hundreds of billions of dollars are being spent each year on wind and solar power projects

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Galaxy Digital Makes A Bet On DeFi

September 29, 2020 | technology | No Comments

ParaFi Capital, the DeFi-focused asset management firm led by Ben Forman, announced a strategic investment from Galaxy Digital Holdings Ltd. (TSX: GLXY), in which the firms would join forces to seek co-investment opportunities to drive further adoption of decentralized finance.

Publicly traded Galaxy Digital, led by blockchain investment veteran Mike Novogratz, is a leading financial services and investment management company, current boasts over $400 million in assets under management. With this transaction, Galaxy Digital has become a minority shareholder in the firm, joining other ParaFi investors including Bain Capital Ventures and Henry Kravis, Co-CEO and Co-Founder of KKR. As of August 31, 2020, ParaFi had assets under management

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Snowflake (NYSE: SNOW), the cloud-based data warehousing company that went public recently, is valued at about $60 billion, or about $220 per share. The company trades at a whopping 230x trailing Revenues – well above many other high-growth SaaS names. Can Snowflake justify this valuation? In our interactive dashboard analysis on Snowflake’s Valuation: Expensive Or Cheap we break down the company’s revenues and valuation and compare it with other high-growth software players. Parts of the analysis are summarized below.

A Brief Look At Snowflake’s Business & Risks

Snowflake’s software enables organizations to manage and analyze large quantities and diverse types of data across public clouds such as Amazon’s AWS, Google Cloud, and Microsoft’s Azure in a single, easy to use platform. Snowflake stands to benefit as businesses increasingly move to the cloud while leveraging big data and artificial intelligence. Although major public cloud players have their own data warehousing

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