Business

Norway’s sovereign wealth fund is celebrating a $138 billion profit from the first half of the year, but has put the champagne on ice. The $1.6 trillion fund credited the returns to investments in tech. Driven by surging demand for AI, technology stocks surged during early 2024. Norway’s sovereign wealth fund — the largest in the world — reaped the benefits. Its equity portfolio gained 12% in the six months through June. Nvidia provided the largest cash injection. Microsoft, Google, Amazon, and TSMC also chipped in big sums. Over a quarter of its equity investments (26%) are now in tech. But…

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Amid a fashion comeback, Ugg showcases its place in the cultural zeitgeist in the first global campaign by its new creative agency AKQA. “Feels Like Ugg,” launching on Thursday, reveals the brand’s Fall/Winter line and builds on the brand’s platform that debuted in 2022. AKQA’s Los Angeles office, which opened last year under the creative…Read More

The English Premier League is giving offside calls a (semi) automated upgrade. The new system revamps arguably the most controversial rule in sports. First introduced back in 1863, the offside law prevents sneaky footballers from camping by the goal. In its current iteration, the rule only applies to attackers in their enemy’s half. Once they enter that space, teammates can only pass to them when they’re behind at least two opposition defenders. Sounds confusing? Well, allow me to clarify. Players can be offside when any part of their body is beyond the defenders. Or maybe when there’s daylight between them.…

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Infillion is looking to scale up interactive video. Today, the digital ad platform announced the launch of IDVx, a new solution that brings scalable and measurable interactive video programmatically to connected TV, desktop, and mobile. The offering–powered by Infillion’s CTV engagement platform, TrueX, and the company’s creative studio–is customizable for digital and video buyers with…Read More

 Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Linnea and Andrii talk about a potential solution to the issue of death from overwork, the UK’s attention to AI companies, table tennis robots, and a very important decision that NASA is facing this week. You’ll also hear an on-stage panel discussion with healthcare professionals on some of the most important technologies that are changing the industry as we speak,…

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Just two days after announcing his retirement from diving following his silver medal win at the 2024 Paris Olympic Games, five-time Olympic medalist Tom Daley stars in a PSA from Malibu warning about the dangers of mixing alcohol and water. The Pernod Ricard brand’s “Don’t Drink and Dive” campaign, by agency Wieden+Kennedy London, centers around…Read More

There has been a surge in investments in artificial intelligence this year, leading to some venture capitalists becoming increasingly selective. In Q1 this year, the top 35 venture capital firms announced 51 AI funding rounds, up from 31 in the same period last year, according to S&P Global Market Intelligence. At the Ai4 conference in…Read More

The robot arms train every night. About half a dozen of them, flexing in silence. They practise picking up items thousands of times over, to test whether their latest algorithms are working as intended. And in the morning, Nomagic’s engineers turn up for work to check how the machines did. “This is a never-ending effort,” says CEO Tristan d’Orgeval. If the robot arms performed as intended, the updated algorithms get uploaded to the Warsaw-headquartered company’s live system.  Nomagic currently has 70 employees and has raised $39 million to date. Right now, dozens of the firm’s robot arms are toiling away…

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Everyone is selfish. We do things that increase our chances of survival, help us achieve our goals and give us a story we can tell ourselves about our role in the community.

But short-term selfish is something we try to grow out of.

Short-term selfish runs a red light because we’re in a hurry. It dumps waste into the river because it’s cheaper than disposing of it properly. It cheats in order to win.

But none of these things help us reach our long-term goals. None of them are resilient or reliable, because when others also play the short-term game, we all lose.

Short-term selfish is against the minimum wage, while long-term leaders understand how much value it creates over time. And long-term selfish seeks an environment where we’re most likely to thrive.

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Charli XCX may be our “favorite reference,” as she sings on her hit album “Brat,” but “weird” is the Democrats’ new favorite way to describe Republican presidential candidate Donald Trump and his running mate, Ohio Sen. J.D. Vance. One digital billboard, which ran from Aug. 9-12, sought to harness this confluence of internet memes. The…Read More