Governance

Top tech news stories today: June 28, 2024

Time magazine and OpenAI signed a multi-year deal allowing ChatGPT access to Time’s news archive for citing and linking to Time.com.

AuthorSylvia Shen

Reading Time4 min

PublishedJune 28, 2024

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Headline

Time magazine and OpenAI signed a multi-year deal allowing ChatGPT access to Time’s news archive for citing and linking to Time.com.

Context

Despite some U.S. investors withdrawing from sustainable funds, Invesco launched the $1.6 billion Invesco MSCI Global Climate 500 ETF with backing from Finland’s Varma. The ETF aims to balance environmental concerns with competitive returns, despite ongoing regulatory challenges and the recent underperformance of ESG funds. ( WTVB ) Joseph Phillips and William Corbera, friends with entrepreneurial backgrounds, co-founded Payabli in 2020 to simplify payment processing for software companies. Recently raising $20 million in Series A funding, the Miami-based startup plans to innovate its products, bolster security, and expand its customer base. ( Tech Crunch )

Evidence

Pending intelligence enrichment.

Analysis

KarmaCheck, a background-checking startup founded by LinkedIn co-founder Eric Ly, raised $45 million to accelerate tech development and expand into new sectors. The San Francisco-based company, which counts Domino’s and McDonald’s as clients, delivers faster results than traditional methods and reported a seven-fold revenue increase in 2023. ( Reuters ) Globe will launch a direct-to-device satellite service in rural Philippines, partnering with Lynk Global to use its Low Earth Orbit (LEO) satellites. The service aims to deliver SMS, IP messaging apps, and emergency alerts to areas lacking traditional coverage, with a pilot trial by year-end and plans for future expansion. ( Capacity Media ) Nokia and Claro have completed the first stage of Colombia’s largest 5G deployment, covering over 1,000 sites nationwide. This project, completed four months after 5G licenses were issued, will enhance connectivity and support innovation in various industries. ( Capacity Media ) Nexperia, a semiconductor maker, will invest $200 million to expand its Hamburg, Germany site, marking a rare EU chip investment without state subsidies. Owned by China’s WingTech, Nexperia produces 100 billion chips annually, crucial for electric cars and digitalisation.