🤖 $1B AI Funding. $1.6B+ VC Funding Day.
Daily Impact Deals #174 looks at major deals and M&A in impact industries and upcoming economic releases.
Kedu 🍁
📈 Today's Global Economic Update: The Bank of Canada cut rates to 4.25%, citing easing inflation and rising unemployment, with further cuts targeting 3% by next summer.
🤖 Deal of the Day: Safe Superintelligence, an AI startup, raised a $1B funding round to acquire computing power and hire researchers and engineers.
What's New?
🌍 Climate. Geothermal energy and waste management
🩺 Health. Biotechnology
💻 Technology. Artificial Intelligence
📅 Economics. Euro area interest rate, US employment data, balance of trade + more
🌍 Climate
🔥 Baseload Capital, a Stockholm-based geothermal energy company, raised a $58.5M Series B from Breakthrough Energy Ventures to scale its operations globally.
♻️ Cemex, a building materials firm, acquired a majority stake in RC-Baustoffe Berlin, a company specializing in recovering demolition and excavation materials, to expand its circularity efforts.
🩺 Health
🧬 ArsenalBio, a California-based biotechnology company, raised a $325M Series C to support the advancement of the company’s lead programs and innovation in cell therapy tools and processes.
💻 Technology
🤖 Safe Superintelligence, a California-based AI startup, raised a $1B funding round to acquire computing power and hire researchers and engineers.
📅 Economic Calendar
Euro Area Interest Rate, US Employment Data, Balance of Trade + More
Thursday, September 05th 2024
🇺🇸 ISM Manufacturing PMI, August
Friday, September 06th 2024
🇩🇪 Germany Balance of Trade Data, July
🇨🇦 Canada Employment Data, August
🇺🇸 US Employment Data, August
🇨🇳 China Balance of Trade Data, August
Monday, September 09th 2024
🇦🇺 Australia Westpac Consumer Confidence Data, September
Tuesday, September 10th 2024
Wednesday, September 11th 2024
🇬🇧 UK GDP Data, July
🇺🇸 US Core Inflation Data, August
🇺🇸 US Inflation Data, August
Thursday, September 12th 2024
🇪🇦 Euro Area ECB Interest Rate Decision
🇺🇸 US PPI Data, August
Friday, September 13th 2024
🇺🇸 US Michigan Consumer Sentiment (Preliminary), September
🇨🇳 China Retail Sales Data, August
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Thank you for reading. Have a great week ahead!
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