SoftBank Partner: Fundraising ‘Environment Has Changed’

SoftBank’s $100 billion Vision Fund has helped usher in a new era in fundraising, for better or worse. The bigger check sizes (the so-called mega-fund’s minimum individual investment is $100 million) are helping startups stay private longer and go global more quickly. “The environment has changed,” said Kirthiga Reddy, SoftBank’s first female investing partner and […]

Why Crystal-Maker Swarovski Is Getting Into Diamonds

Daniel Swarovski, who started his eponymous crystals company 125 years ago, used to say, “diamonds are for royalty, but I want to create a stone for every woman, that every woman can afford.” Now his great-great-granddaughter, Nadja Swarovski, a member of the company’s executive board, is on a path to create diamonds that are accessible […]

’12 Billion Transactions:’ How Data Is Transforming the Music Business

We don’t yet have a foolproof algorithm capable of churning out nothing but hit songs. Even so, the music industry is embracing data wholeheartedly. Speaking at Fortune‘s Most Powerful Women International Summit on Tuesday, Kobalt Music Group COO Avid Larizadeh Duggan gave attendees a taste of the data that underlies our favorite songs. “There are […]

Ex-U.K. Trade Minister Disagrees With Trump’s Assertion That U.S. Deal Can Make Up for Brexit

Could a U.S.-Britain trade deal help take the sting out of Brexit? U.S. President Donald Trump certainly seems to think so, telling The Sunday Times that, “We have tremendous potential to make up more than the difference,” and, after arriving in London on Monday, tweeting: “Big Trade Deal is possible once U.K. gets rid of […]

Tech Companies See Big Opportunity in an ‘Undercounted and Underestimated’ Africa

For companies and investors eager to profit from Africa’s innovation revolution, there’s one key thing to keep in mind: The world’s second-most populated continent is far from monolithic. “It’s so often that when we discuss Africa, we don’t get the granularity of the diversity of the region,” said Nunu Ntshingila, Facebook’s head of Africa, speaking […]

Forget the Robot Uprising. These Are the Real Risks of A.I.

What’s the scariest thing about artificial intelligence? A Terminator-style machine rebellion? Robots taking our jobs? For two pioneers of the field, the fears are more pedestrian–if potentially almost as serious. Speaking at Fortune’s Most Powerful Women International on Monday, Booking.com president and CEO Gillian Tans said that one of her biggest concerns about the field […]

This European Official Wants a Nickname From Trump

If Margrethe Vestager–the EU’s infamous anti-trust boss–got one, surely Europe’s grand doyenne of internet privacy deserves a nickname, too? “I really dreamt about having a nickname from President Trump. He gave a nickname to my colleague, Margrethe Vestager, who is the champion of fighting for fair competition in the EU, and I think he called […]

Consumer Companies See Few Signs of an Economic Slowdown Despite Trade War Jitters

Chief economists and central bankers may be concerned about the onset of a global economic slowdown, but consumer-facing companies say they are doing just fine, thank you very much. “Obviously there is a lot of fear and a lot of concern,” said Melanie Kreis, CFO of Deutsche Post, which is the post office for Germany […]

Public Expects Facial Recognition Policing, London’s Top Officer Says

The top official at the London Metropolitan Police on Monday defended the use of facial recognition technology in policing, as debate rages over the software’s potential to reinforce racial bias. “I actually believe facial recognition technology, properly overseen, properly thought about, properly circumscribed, is something that our public would expect us to be doing,” Cressida […]