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Elon Musk’s xAI Secretly Dropped Its Benefit Corporation Status While Fighting OpenAI
While xAI, and its supplier, Solaris Energy Infrastructure, initially promised to use pollution controls with the turbines, those haven’t yet materialized.
- Categories
- Technology
- Region
- North America
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The ABCs of Catalytic Sunsetting: How Foundations and Other Philanthropic Funders Can Exit Boldly — And Leave a Bigger Legacy
What if the best way to ensure your philanthropic legacy … was to close your doors? As Nancy Swanson-Roberts at Linked Foundation and Kusi Hornberger at Dalberg Capital argue, the world’s most pressing problems demand urgent, bold action that incremental giving over generations often can't enable. They explain why philanthropic organizations like Linked Foundation are deliberately spending down their assets within a defined timeframe to catalyze systemic change — an approach they call “catalytic sunsetting" — and share three strategies that can help any funder exit with purpose and power.
- Categories
- Investing, Social Enterprise
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Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech
Accion has announced the final close of a $61.6 million fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally.
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Finnfund Announces €80 Million First Close of Digital Access Impact Fund
The new fund not only focuses on critical digital infrastructure needs but also helps local communities gain better access to key services, according to Hanna Loikkanen, Finnfund´s chief investment officer.
- Categories
- Investing, Technology
- Region
- Global
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Japanese VCs Launch USD $20 Million Early-Stage Startup Fund for Africa & MENA
The fund will invest in four key sectors: finance, mobility, distribution, and sustainability. Furthermore, it will focus on areas such as mobile payments, microlending, digital retail, logistics, and agri-tech.
- Categories
- Investing
- Region
- North Africa & Near East
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Ariya Finergy Secures €500,000 from CEI Africa to Scale Solar Solutions
These projects are expected to deliver more than 6,000 MWh of renewable electricity annually, reducing CO₂ emissions by an estimated 3,000 tonnes per year.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Women, Wealth and Climate Resilience: The Transformative Power of Asset Creation in Africa
Climate vulnerability is a key factor behind the challenges facing women and girls in Africa. Yet as Jo Opot at Gather Ventures explains, the impact of investments aimed at building their climate resilience often fades too quickly, as poverty and tradition pull them back into household and caregiving duties. She argues that this problem represents a failure to address underlying power dynamics, and proposes a critical yet often overlooked solution — asset creation — exploring how it can advance both climate resilience and the quality of life for women and girls.
- Categories
- Environment, Investing
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Miller Center Capital Supports Altitud to Expand Economic Opportunities for Women in Mexico
For more than a decade, Altitud has provided affordable credit to women who are starting sewing enterprises, which is often their first step toward financial independence.
- Categories
- Investing, Social Enterprise
- Region
- Global
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