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‘Ofel’ now a super typhoon, wind signal no. 5 raised over mainland Cagayan

Typhoon ‘Ofel’ (international name: Usagi) strengthens into a super typhoon as it undergoes rapid intensification, the state weather bureau said on Thursday. According to the latest 8 AM advisory from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), Super Typhoon ‘Ofel’ is moving northwestward at 15 kilometers per hour with maximum sustained winds of […]

Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction – Music Business Worldwide

Duetti, a music investment company focused on indie music rights, has announced it has secured $114 million in new funding for the further acquisition of music catalogs. That includes $34 million in new equity financing, led by PE firm Flexpoint Ford, with participation from existing investors Nyca Partners and Viola Ventures. It also includes $80 […]

Exclusive: Legal tech startup Genie AI just raised $17.8 million from Google and Khosla Ventures using this 13-slide deck

Legal tech startup Genie AI has secured a $17.8 million Series A from Google and Khosla Ventures. The startup’s CEO, Rafie Faruq, says its AI editing platform can “turn around a contract in minutes.” Check out the 13-slide pitch deck, shared exclusively with BI, that it used to secure the funding. Thanks for signing up! […]

Kristine update: Signal No. 2 raised in 5 areas

Image from DOST / Pagasa MANILA, Philippines — Tropical Storm Kristine (international name: Trami) slightly intensified as it moved over the Bicol region. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) reported on Tuesday afternoon, October 22, 2024, that Tropical Cyclone Wind Signal (TCWS) No. 1 and 2 had been issued in various areas […]