Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II

In an environment where emerging fund managers struggle to attract LP attention, FGV is betting that a different venture model can help it lure LPs.

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TechCrunch•

Self-driving truck startup Gatik raises $200M following PepsiCo deal

The funding, Gatik's largest so far, was led by Qatar Investment Authority and Koch Disruptive Technologies.

Brief by WorldPing · Original reporting by TechCrunch

WorldPing

Variety•

Stability AI Raises $76 Million in Funding Round Backed by Universal Music Group, Warner Music Group, Sony Music and Electronic Arts (EXCLUSIVE)

Stability AI, the AI startup backed by the likes of James Cameron and Sean Parker, has raised $76 million in a Series B funding round from a roster of investors including some of the entertainment industry’s top record labels and gaming companies.

Brief by WorldPing · Original reporting by Variety

WorldPing

Deadline•

Kennedy Center Warns Of “Death Spiral” If Trump’s Name Isn’t Returned To Complex, While New Report Shows Fiscal Plunge After Previous POTUS Rebrand

Kennedy Center attorneys defended the board’s decision earlier this month to restore Donald Trump’s name three times to the complex, arguing that it is essential to saving the institution.

Brief by WorldPing · Original reporting by Deadline

Hollywood Reporter•

Parke’s Viral Sweatshirt Gets a Dose of School Spirit in Brand’s Debut Collegiate Collection

The Aug. 25 drop marks Parke's first licensed college apparel launch, created in partnership with 10 schools and '47 sportswear.

Brief by WorldPing · Original reporting by Hollywood Reporter

Rolling Stone•

The Internet’s Favorite Fridge Brand Just Dropped Its Second-Ever Product — and It’s $1,000 Cheaper

Rocco’s latest release is less expensive than its flagship model, but still has plenty of room for your essential sips…

Brief by WorldPing · Original reporting by Rolling Stone