Digital Marketing

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The Italian state just backed €500m for the company that owns AOL

Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPER Banca arranged the facility, which matures in March 2031. The Milan company will use the […]

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Only 27% of US hospitals can run an EEG. Epitel raised $26m for the rest

Epitel has raised $26m in a Series B round to expand a wireless EEG system that patients wear at home. Catalyst Health Ventures and Genoa Ventures co-led the round. The Salt Lake City company says it will spend the money on sales, marketing and distribution rather than research. The gap it is aiming at One […]

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Two hotel groups moved into ChatGPT this week. Neither will let you pay there

Two hotel groups moved into ChatGPT this week, a day apart and at opposite ends of the market. Radisson Hotel Group launched an app on Tuesday, built with Accenture, covering more than 1,000 hotels in over 100 countries. G6 Hospitality launched a plugin for Motel 6 on Monday, covering nearly 1,500 economy locations across the […]

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A quarter of the S&P now claims measurable AI benefits. Last year it was 14%

Wall Street has spent three years paying for the companies that build AI. It is starting to pay for the companies that use it. The rotation has a number behind it. Morgan Stanley ran a systematic analysis of earnings call transcripts. It found that 25% of S&P 500 members cited measurable benefits from AI adoption […]

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Friendsurance invented peer-to-peer insurance. It just sold for its paperwork.

Cover Genius has acquired Friendsurance, the Berlin company that invented peer-to-peer insurance. The deal took effect immediately, and neither side disclosed a price. Friendsurance built its name on a simple idea. Small groups of policyholders pool together, and everyone who stays claim-free collects cash back at the end of the year. Its own German language […]

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