Diversity VC reports 1.87% of venture capital allocated to women and minority-owned startups

Only about 1.87% of $31 billion held by 200 venture capital funds has been allocated to startups with diverse leaders, according to a report from the nonprofit Diversity VC. In a study analyzing capital allocation with Penn State, Diversity VC focused on how much money was going to underrepresented minorities and women. The report found…

Volvo’s next electric vehicle is the new US-made EX90 SUV

Enlarge / Volvo’s designers have evolved the distinctive “Thor’s hammer” headlights. (credit: Volvo) On Wednesday, Volvo gathered media together in Sweden to reveal a new car. It’s called the EX90, and it’s a battery-electric SUV that goes on sale in early 2024 alongside the conventionally powered XC90 SUV as the brand’s new flagship. “The Volvo…

Say hello to the newest crypto startups from web3 accelerator Alliance DAO’s demo day

New crypto startups forged ahead during Alliance DAO’s demo day on Wednesday amid the FTX implosion. “This is actually worse than the 2018 bear market,” Qiao Wang, a core contributor at Alliance DAO, said, referring to the tentative plans for Binance to absorb competitor FTX. “Today, everyone was caught off guard, myself included … the…

Tesla vehicles will soon have Zoom video conferencing

Zoom is working with Tesla to bring video conferencing into its vehicles. The announcement, made at the 2022 Zoomtopia conference, was light on details. But according to Zoom’s group product manager Nitasha Walia, the video conferencing feature “will come standard on all new Tesla models soon.” “You’ve been zooming from your home, your office, your…