🤖 AI Startup Raised $320M. $565M+ VC Funding.
Daily Impact Deals #170 looks at major deals and M&A in impact industries and upcoming economic releases.
Hallo 🥨
📈 Today's Global Economic Update: Eurozone inflation dropped from 2.6% to 2.2%, mainly due to lower energy prices, but core inflation remains stubbornly high, particularly in the service sectors. The ECB is expected to cut rates in September, but the overall decline in inflation is likely to be slow and gradual due to uncertainties in wage growth and energy costs.
🤖 Deal of the Day: Magic, an AI start-up, raised a $320M Series B; the funds will be used to develop their AI models further.
What's New?
📚 Education. Ed-tech
💻 Technology. AI Platform
📅 Economics. Euro area inflation, employment data, personal income & spending + more
📚 Education
🎓 Kreedo, an Indian ed-tech platform, raised a $4M Series A from Heritas Capital to enhance product offerings and expand into new geographies in India.
💻 Technology
🤖 Magic, a Vienna-based AI start-up, raised a $320M Series B; the funds will be used to develop their AI models further.
🧑💻 Codeium, a CA-based provider of an AI- platform, raised a $150M Series C to use the funds to accelerate the development of new features.
📅 Economic Calendar
Euro area inflation, Employment Data, Personal Income & Spending + More
Friday, August 30th 2024
🇮🇳 India GDP Growth Data, Q2
🇨🇦 Canada Growth Data, Q2
🇺🇸 US Core PCE Price Index, July
🇺🇸 US Personal Income & Spending Data, July
🇨🇳 China NBS Manufacturing PMI, August
Tuesday, September 03rd 2024
🇺🇸 ISM Manufacturing PMI, August
🇦🇺 Australia GDP Growth Data, Q2
Wednesday, September 04th 2024
🇨🇦 Canada Balance of Trade Data, July
🇨🇦 Canada BoC Interest Rate Decision
🇺🇸 US JOLTs Job Openings, July
🇦🇺 Australia Balance of Trade Data, July
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
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