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<ul class="summary-list"><li>The tech industry is anticipating an upswing thanks to Trump's election this week.</li><li>VCs expect possible deregulation to boost innovation, with Musk potentially influencing government policies.</li></ul>Some venture capitalists <a target="_blank" class="" href="https://www.businessinsider.com/silicon-valley-trump-return-startups-venture-capital-2024-11">expect US President Donald Trump</a> to dial back regulation, potentially making it easier to develop new technologies and do business in Silicon Valley. Many of these hopes are pinned on Elon Musk's involvement in the new administration."The most exciting thing of all will be putting Elon in charge of government efficiency," Ben Narasin, founder and general partner of Tenacity Venture Capital, told BI of the election outcome. "He's going to take a chainsaw through calcified butter, and it's going to be awesome to attack the bloat and overreach that we've had in the government."Trump is <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-could-be-donald-trump-advisor-wsj-reports-2024-5">reportedly considering Musk</a> for White House roles, including ones that would audit various federal programs and organizations.Musk, in turn, has proposed creating a "Department of Government Efficiency" — cheekily nicknamed DOGE, <a target="_blank" class="" href="https://www.businessinsider.com/history-elon-musk-love-affair-dogecoin-2022-7">a nod to the cryptocurrency Dogecoin</a> — that he said would remove dealmaking regulations that have slowed M&amp;A in the tech sector in recent years.While many in Silicon Valley dislike Trump, many VCs and startup founders crave more freedom to pursue riskier new technologies unburdened by regulation. In short, tech is stoked about this."Trump-Vance ticket is the first unabashedly pro-tech presidency in our Nation's history," said Augustus Doricko, CEO and founder of cloud seeding startup Rainmaker. He expects an onslaught of tech innovation during the Trump administration.In conversations with more than a dozen VCs and Silicon Valley executives following the election, many have echoed this sentiment — including those who supported Kamala Harris in the election."With a major push to remove unnecessary red tape and over-regulation in key areas, we could really have a century of crazy building, innovation, and acceleration," Aaron Levie, the CEO of cloud company Box and a Harris supporter, <a target="_blank" class="" href="https://twitter.com/levie/status/1854237056287060266">posted on X Wednesday. </a>"Excited for Elon's efforts here."Mark Pincus, an early Facebook investor and the founder of Zynga, responded on X, "Effective accelerationism! E-acc," referring to the recent Silicon Valley movement that wants <a target="_blank" class="" href="https://www.businessinsider.com/effective-accelerationism-humans-replaced-by-ai-2023-12">technological advancements in AI</a> to move as fast as possible, without any guardrails.<h2 id="04af9d99-2642-43c3-875c-92cb63b01ca9">Regulation has held Silicon Valley back in recent years</h2>VCs during Biden's presidency have complained about how tough it's been to get deals done. The outgoing administration was an antitrust enforcer and put many tech mergers and acquisitions on hold that it deemed anti-competitive. This is particularly galling for VCs because they rely on selling startups in M&amp;A deals for many of their exits and returns.Limits on tech M&amp;A have "caused the rate of venture capital return of distributed proceeds to fall drastically, making new capital formation near impossible," said Louis Lehot, a top tech lawyer at law firm Foley &amp; Lardner. Silicon Valley is looking for a relaxation in the government's stance here "to enable exits and new capital formation, which is the cycle of innovation," he added.For example, regulatory pressure had <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-23/google-s-aborted-deals-for-wiz-hubspot-show-antitrust-s-shadow-over-tech">dampened deal-making at Google</a>, with the tech giant abandoning two potential purchases this year, including cybersecurity startup Wiz, which would have been one of the tech giant's biggest-ever acquisitions.The US also opened antitrust investigations into <a target="_blank" href="https://www.businessinsider.com/microsoft-acquihire-deal-inflection-ai-antitrust-probe-us-regulators-competition-2024-6">Microsoft</a> and <a target="_blank" href="https://www.businessinsider.com/elizabeth-warren-backs-justice-department-nvidia-antitrust-investigation-2024-9">Nvidia</a> earlier this year over their dominance in the hot AI space. The Federal Trade Commission is probing Microsoft's aqui-hire of <a target="_blank" href="https://www.businessinsider.com/microsoft-hired-inflection-team-amid-board-concerns-about-openai-2024-3">Inflection AI,</a> and the Department of Justice is investigating Nvidia's acquisition of Israeli AI startup Run:ai.While some lawmakers say that allowing a few companies to influence the majority of AI research, development, and monetization poses an economic risk, <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-vcs-in-silicon-valley-2024-7">many VCs have cried foul and accused FTC commissioner Lina Khan</a> — who has frequently sued to block mergers — of an anti-business bent and say it's tricked down to closing fewer startups deals, too.Investors were also critical of what they call <a target="_blank" href="https://www.businessinsider.com/cryptocurrency-bitcoin-influence-election-trump-harris-2024-10">unclear rules for cryptocurrency under the Biden regulation</a>. Many VCs and founders in the space donated to Trump and other Republican candidates, which they consider more favorable toward crypto technologies and markets.VCs are now hopeful that Trump <a target="_blank" href="https://www.businessinsider.com/donald-trump-presidency-affect-big-tech-2024-11">could roll back</a> some antitrust and crypto policies that a Harris administration may have continued, although nothing is certain about the new administration's approach.Trump's running mate and former VC JD Vance has <a target="_blank" rel=" nofollow" href="https://thehill.com/policy/technology/4491363-vance-biden-ftc-chief-is-doing-a-pretty-good-job/">publicly said</a> that Khan is "doing a pretty good job," referring to her antitrust enforcement for Big Tech companies. At the end of Trump's first term, regulators under his administration launched antitrust investigations into Big Tech companies, including Amazon; and filed antitrust lawsuits against Google and Meta."At a high level, we expect Trump to cut corporate taxes and regulations, helping startup M&amp;A and investment," said Mason Angel, general partner at Industrious Ventures. "We may see new acquisition efforts by big tech with a new FTC director."Musk's influence could also help slim down the government's involvement in tech deals, these VCs told BI."Elon is a positive force who's had to run multiple companies that are heavily regulated, so he has a realistic view; since he's lived it, he can be influential," Narasin said of Musk's track record of building Tesla, SpaceX, and xAI. "He's pro-startup, pro-business, pro-everything that will help the US population. A good, healthy economy is good for everybody."<h2 id="a31623cb-2e54-4906-802e-37c294e98064">VCs anticipate an innovation boom</h2>America is a country of entrepreneurs, and that's especially true in Silicon Valley. Some VCs and founders say that having an entrepreneur like Musk influencing the Trump administration and potentially wiping away regulations will bring prosperity to the industry.Indeed, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-trade-us-presidential-election-dollar-treasuries-stocks-crypto-djt-2024-11">the stock market responded exuberantly</a> to Trump's decisive win on Tuesday night, which could eventually be a boon to venture firms seeking investments. Limited partners such as pensions and endowments have been choosier recently thanks to high interest rates and few exit options for startups. But their return to funding venture firms would, in turn, mean that more founders are building and getting funded."I would like to see the President given the power to unilaterally remove, or at least streamline, regulations around major projects or economic areas that will make it possible to actually build new things," tech blogger Ben Thompson <a target="_blank" class="" href="https://stratechery.com/2024/president-trump-take-two-big-tech-little-tech-chips-and-hardware-elon-musks-triumph/">wrote after the election.</a> "There needs to be a way to cut through all of the red tape that has accumulated.""I think the next four years will be imbued with aspirational mega-projects and visionary initiatives without precedent," Rainmaker's Doricko said. "New cities. Lunar and Martian colonization. Free electricity. Weather control."Angel, whose VC firm invests in the space, industrial, and defense sectors, says that those industries will experience strong growth."Trump created the Space Force in 2019, and his close relationship with Elon Musk will bring renewed attention and government investment into the field," Industrious Ventures' Angel said. "Same goes for the US industrial and defense bases."As various sectors within the tech industry ebb and flow, VCs say they're optimistic about the idea of having one of their own helping to call the shots at the federal level."Elon's going to be an enormously positive monster who delivers a cleaned up, slimmed down, pro-business government, and there will be prosperity for everybody," Narasin said.

Silicon Valley is betting a Musk-inspired Trump could unleash a startup boom

<ul class="summary-list"><li>Ivan Maryasin founded Monite after moving from Silicon Valley to Berlin.</li><li>He said building a business in the US is expensive due to hiring and living costs.</li></ul>This as-told-to essay is based on a transcribed conversation with Ivan Maryasin, 31, about moving from the US to Germany and launching his startup, Monite, in Berlin. The following has been edited for length and clarity.In 2014, I left Russia to do my master's in international business at the Hult International Business School in Massachusetts.I had a background in marketing from jobs in Russia and wanted to <a target="_blank" class="" href="https://www.businessinsider.com/work-visa-moved-usa-canada-immigrants-2024-7">work in America</a>. While studying, I started working in the IT industry, doing marketing. It was a great introduction to innovation and startups.During my course, I transferred to the <a target="_blank" class="" href="https://www.businessinsider.com/san-francisco-new-york-london-tech-where-to-live-2024-8">San Francisco</a> campus and then stuck around working for multiple tech companies, designing and implementing growth strategies.But in 2017, I <a target="_blank" class="" href="https://www.businessinsider.com/surprising-things-moving-to-germany-from-us-2024-9">moved to Germany</a> to be closer to my then-fiancée, who I'd met in Moscow. We found it challenging to find a visa pathway that allowed her to move to the US and work as a dependant, so we both moved to Berlin. I got an EU Blue Card, and she was able to come with me as my partner with permission to <a target="_blank" class="" href="https://www.businessinsider.com/german-vs-american-work-life-differences-according-to-us-mom-2024-4">work in Germany</a>.I already had plans to start my own company. However, as the cost of living in the US was starting to climb, I thought Europe would be a great location for a new business.I planned to continue working for startups in Europe before launching my company. I worked in HR tech and fintech, and in 2020, I cofounded <a target="_blank" class="" href="https://www.crunchbase.com/organization/monite/company_financials">Monite</a>, a company that enables SMB platforms like Neobanks to embed automated features for things like invoicing to support their clients.I built the startup from the ground up to a 45-person team and raised over <a target="_blank" class="" href="https://www.businessinsider.com/monite-german-fintech-startup-raises-6m-funding-from-valar-ventures-2024-2#:~:text=The%20startup%20has%20raised%20a%20top%2Dup%20to%20its%20seed%20round%2C%20led%20by%20Third%20Prime%2C%20in%20March%202023%2C%20taking%20its%20total%20funding%20to%20%2417.4%20million">$17 million</a> from investors.I like <a target="_blank" class="" href="https://www.businessinsider.com/things-to-do-in-berlin-germany-best-activities">Berlin</a> because it's a more affordable place to live and build a business, plus it's well connected to the rest of Europe. Here's how its startup ecosystem compares to <a target="_blank" class="" href="https://www.businessinsider.com/dating-silicon-valley-big-tech-hard-want-marriage-kids-2024-7">Silicon Valley</a>.<h2 id="e195bed4-45cb-4bba-ae91-f1e151fc0492">Berlin was a more affordable location to start Monite</h2>When I left the US, I visited multiple places in Europe and spoke to people in several cities, including Zurich, Barcelona, and <a target="_blank" class="" href="https://www.businessinsider.com/biggest-surprises-moving-to-london-according-to-american-2024-10">London</a>, to help me decide where to move. Part of the reason I chose Berlin is because its tech scene was really on the rise.There were a lot of founder meetups, pitch events, and accelerators in the city. Local funding was also available. At that time, I felt German funds had strong institutional support and seemed the most forthcoming in Europe. It's very common to speak English in Berlin, and I feel this is an advantage for startups because it attracts talent from the US, UK, and beyond.The cost of <a target="_blank" class="" href="https://www.businessinsider.com/how-to-start-and-grow-a-business-founders-advice-2023-1">building a business</a> in the US is high due to the cost of living and hiring. As long as I could still fundraise in the US, which became easier because of the COVID-19 pandemic, I preferred Europe. My journey in the States made it easier for me to know how the US market worked when it came to fundraising.The cost of living in Berlin is lower. When I lived in San Francisco and the Valley, I paid more in rent and needed a car to get around. In Berlin, I mostly get around by bike. Everything is a few minutes away, and there's less traffic.Berlin is well-connected to Europe. You can get almost anywhere in Europe in a few hours. Having moved from California, it was wonderful to be able to see family members in Europe and go on getaways more easily.<h2 id="42d233d4-0ad7-46eb-b81a-fdfde2cf12fc">There are some downsides to living in Berlin</h2>It's difficult to find US-level talent in Europe. A lot of <a target="_blank" class="" href="https://www.businessinsider.com/europe-best-cities-work-life-balance-ranking-2023-6">Europeans are focused on work-life balance</a>, but I'm a workaholic.It's hard to find people with the same values or who'll know what you're talking about when you say, "Silicon Valley benchmark." This refers to the strong emphasis on rapid scaling, competitiveness, and continuous self-improvement. In the US, I had friends working for LinkedIn, WhatsApp, and Facebook, so I could see this benchmark in front of me.The European investment ecosystem is much more risk-averse. In America, failure is seen as part of the game, with a strong focus on the potential upside.In Europe, the approach tends to be more cautious and conservative, with more emphasis on mitigating risks. I do think that's now starting to shift, but historically, that's been one of the hardest things to overcome in the market.I feel lucky and grateful to have raised money and for the support I've had. However, it's not easy to be a founder without a background in Germany because having local connections has traditionally been valuable. In the US, it isn't unusual to be a foreign founder.While <a target="_blank" class="" href="https://www.businessinsider.com/german-vs-american-parenting-relocation-berlin-kids-independent-helicopter-parenting-2024-10">living in Berlin</a>, I think it's necessary to be strategic about getting the assets I need from other places. Monite is headquartered in Berlin, and I mostly live here, but I also travel a lot to places like the US and London to meet people and get inspiration. We also have a couple of employees in the States.<h2 id="bc7c8b3f-e6df-4494-bc91-d8696a768513">I like living in Europe, but wouldn't rule out returning to America</h2>Most people in Silicon Valley are focused on startups and innovation. If you're all about work and want to focus 24/7, Silicon Valley is the place to be.But that also depends on whether you can be there. It's not accessible to everyone due to the high visa barriers. For example, the H-1B visa has a lottery system, and I know people who went to MIT and Harvard who either didn't want the hassle or didn't win the lottery, so had to leave.Living in the Valley wasn't for me because it meant compromising on family relationships and the ability to see friends in Europe.That said, I won't say I'd never go back to San Francisco. If the business required me to be in the States, I'd find a way to make it work for my family. But my preference is to live in Europe and be in the States often enough to get the benefits.Do you have a relocation story you want to share with Business Insider? Email <a target="_blank" href="mailto:ccheong@businessinsider.com">ccheong@businessinsider.com</a>

I left Silicon Valley for Europe. Here's why I chose to launch my startup in Berlin.

<ul class="summary-list"><li>Security and privacy is a growing concern as companies adopt AI.</li><li>Companies strive to protect against malicious attacks and follow strict data compliance standards.</li></ul>As more companies <a target="_blank" class="" href="https://www.businessinsider.com/how-ai-changing-business-telecommunications-giants-mwc-2024-10">adopt using AI</a>, it has brought to light issues regarding security and privacy.AI models get trained on massive datasets that can include <a target="_blank" class="" href="https://www.businessinsider.com/how-companies-can-respond-to-cybersecurity-risks-after-layoffs-2024-9">personal or sensitive information</a>, making it critical for companies — particularly those in highly regulated industries like finance and healthcare with strict data compliance rules — to ensure that AI systems are safe from <a target="_blank" class="" href="https://www.businessinsider.com/guides/tech/data-breach">potential threats</a> like leaked or poisoned data.The hazards against AI models and the data that train them are growing in the age of large language models. "It's so easy for an employee to take something that's confidential and share it with an LLM," said Ashish Kakran of Thomvest Ventures. "LLMs do not have, as of right now, a forget it kind of button…You need safeguards and controls around all of this in the way these LLMs are deployed in production."What's emerged is a growing group of startups aimed at tackling security threats related to AI. "This is actually a gap," Kakran added. "But that's also an opportunity for startups."Thomvest-backed Opaque Systems, for instance, enables companies to share private data through a confidential computing platform to accelerate AI adoption. Credo AI, which has raised $41.3 million in total funding, is an AI governance platform that helps companies adopt AI responsibly by measuring and monitoring its risks.Another startup, Zendata, has raised over $3.5 million and focuses on preventing leakage of sensitive data when integrating AI into enterprise systems and workflows. Companies can be vulnerable to attacks through a compromised third-party AI vendor if attackers gain unauthorized access to confidential data. Companies "don't really know if some shadow AI applications are in place and a bunch of user information is being sent to that," said Zendata CEO Narayana Pappu.Pappu added that customers may not be aware that the shared information may also be used to train broader AI models. "There's a cross-use of information. There's information leakage, all of that. And that's a huge concern with the foundation models or even copilots."Startups like Glean, an enterprise AI startup valued at $4.6 billion, are incorporating security principles, such as strict permissioning control, into their core products. "Glean's AI assistant is fully permissions-aware and personalized, only sourcing information the user has explicit access to," said CEO Arvind Jain. This ensures that users only access the information they are authorized to see, preventing any unintended access or misuse of the data.Adversarial attacks are also a growing concern when it comes to deploying AI. Attackers can exploit vulnerabilities in a system for malicious purposes, leading to harmful or flawed results.Bessemer Venture Partners' Lauri Moore noted that when evaluating AI tools, many security leaders often ask whether it will introduce a critical vulnerability or trap door that a bad actor could use.A nightmare scenario could be a coding agent introducing code with security vulnerabilities, Moore said. She highlighted an instance when a developer took control of an open-source project after gaining increasing credibility, only to hijack it.Another threat known as prompt injections has become increasingly popular with the rise of prompt-based language models. These attacks trick a model into producing a harmful output based on harmful instructions. Haize Labs, which raised a <a target="_blank" href="https://www.businessinsider.com/vc-clamor-invest-ai-safety-startup-haize-labs-2024-6">hot investment round</a> this summer, tackles this problem through AI red-teaming, which involves stress-testing large language models for any vulnerabilities based on system guardrails.To address the growing number of security concerns in AI, startups are now applying continuous monitoring to the space. Continuous monitoring systems assess model behavior, monitor for security breaches, and score models based on their performance and safety, said Arvind Ayyala, partner at Geodesic Capital.Protect AI, which raised a $60 million Series B from Evolution Equity in August, focuses on continuously monitoring and managing security across the AI supply chain to minimize the risk of attacks. Hidden Layer, which automatically detects and responds to threats, raised a $50 million Series A from M12 and Moore Strategic Ventures last year."This shift towards automated, continuous evaluation represents a significant evolution in AI safety practices, moving beyond periodic manual assessments to a more proactive and comprehensive approach," Ayyala said.

Security threats to AI models are giving rise to a new crop of startups 

Artificial intelligence is the buzzword in today's times and more and more companies are investing in the AI space. While there are big players like Nvidia, OpenAI, Google, Microsoft, Meta and Apple, other companies are also hopping on the bandwagon. <keyword id="20128940" type="General" weightage="100" keywordseo="Salesforce" source="keywords" meta.keywordsubtype="org" meta.entityname="Salesforce" meta.hostid="261" meta.entityid="Salesforce">Salesforce</keyword>, the cloud-based software giant, is also a part of the <keyword id="21041186" type="General" weightage="20" keywordseo="AI-race" source="keywords">AI race</keyword>. According to a report in Reuters, the company recently announced its plans to <keyword id="20312439" type="General" weightage="20" keywordseo="acquire" source="keywords">acquire</keyword> <keyword id="23031429" type="General" weightage="20" keywordseo="Tenyx" source="keywords">Tenyx</keyword>, a <keyword id="19913824" type="General" weightage="20" keywordseo="startup" source="keywords">startup</keyword> that specialises in artificial intelligence-powered voice agents. The acquisition, for which the financial terms have not been disclosed, is expected to be completed in the third quarter of this year. Upon completion, Tenyx’s co-founders, Chief Executive Officer Itamar Arel and Chief Technology Officer Adam Earle, along with their team, will be integrated into Salesforce. Founded in 2022 and based in California, Tenyx has carved a niche for itself by providing AI voice solutions across various industries, including e-commerce, healthcare, hospitality, and travel. The startup’s innovative approach has made it a valuable asset for Salesforce as the company seeks to strengthen its AI-driven offerings. This acquisition represents a significant step in Salesforce’s broader strategy to enhance its technological capabilities and reignite revenue growth. The move comes after a period of scrutiny from activist investors, which led Salesforce to announce last year its intention to double share buybacks and step back from its aggressive acquisition strategy. At that time, Salesforce had even disbanded its mergers and acquisitions committee, signalling a shift in focus. However, the acquisition of Tenyx indicates that Salesforce is now revisiting strategic acquisitions as a means to accelerate growth. The acquisition also mirrors recent moves by other major technology companies as they compete for AI talent and tools. Earlier this year, Microsoft acquired the AI startup Inflection for $650 million, while <keyword id="19904608" type="General" weightage="20" keywordseo="amazon" source="keywords">Amazon</keyword> bolstered its AI capabilities by hiring co-founders and key employees from another AI startup, Adept, in June. These deals underscore the intensifying competition within the tech industry to secure a foothold in the rapidly evolving field of artificial intelligence. Salesforce’s decision to pursue this acquisition comes on the heels of a strong financial performance in the second quarter, where the company surpassed Wall Street’s expectations for both revenue and profit. The growth was primarily driven by increased expenditure on Salesforce’s enterprise cloud products, highlighting the ongoing demand for robust cloud solutions. As Salesforce integrates Tenyx into its operations, the company is likely to leverage Tenyx’s expertise to further refine its AI-driven services, potentially leading to new product developments and enhanced customer experiences. The acquisition also signals Salesforce’s recognition of the growing importance of AI in the future of enterprise technology. With AI increasingly becoming a cornerstone of business operations across industries, Salesforce’s investment in Tenyx positions it well to remain competitive in a market where innovation and advanced technological capabilities are key to long-term success.

Salesforce joins the AI race, announces plans to acquire AI startup Tenyx

<keyword id="22948419" type="General" weightage="20" keywordseo="Reflect-Orbital" source="keywords" meta.keywordsubtype="org" meta.entityname="Reflect Orbital" meta.hostid="261" meta.entityid="Reflect Orbital">Reflect Orbital</keyword>, a California-based startup, has set its sights on a futuristic goal: providing "<keyword id="22948420" type="General" weightage="100" keywordseo="sunlight-on-demand" source="keywords">sunlight on demand</keyword>" using orbiting mirrors in space. The company's vision is to address one of the biggest challenges in <keyword id="19915217" type="General" weightage="20" keywordseo="solar-energy" source="keywords">solar energy</keyword> — the inability to generate power after sunset or during cloudy days — by using a fleet of <keyword id="20279522" type="General" weightage="20" keywordseo="small-satellites" source="keywords">small satellites</keyword> equipped with highly reflective <keyword id="22948421" type="General" weightage="20" keywordseo="Mylar-mirrors" source="keywords">Mylar mirrors</keyword>. <h3 style="line-height:1.2;margin-top:14pt;margin-bottom:4pt;">How the technology works</h3>Reflect Orbital plans to deploy 57 small satellites into low-Earth orbit. Each satellite will be outfitted with a 33-square-foot reflective Mylar mirror. These mirrors are designed to reflect sunlight down to Earth, targeting <keyword id="20658734" type="General" weightage="20" keywordseo="solar-farms" source="keywords">solar farms</keyword> and extending their operational hours by providing an extra 30 minutes of sunlight after sunset or before sunrise. The mirrors will focus sunlight into a concentrated beam, directed by solar farm operators using a simple interface, where users can log in, provide GPS coordinates, and request sunlight. <div type="twitter" handle="bennbuilds" handlename="bennbuilds" favoritecount="0" retweetcount="0" id="1826682383514697993"></div>The idea is to make solar energy more available when it’s most needed — not just during daylight hours, but also in the early morning and evening when electricity demand is typically higher. This could potentially increase the efficiency and profitability of <keyword id="20423867" type="General" weightage="20" keywordseo="solar-power-generation" source="keywords">solar power generation</keyword>, as energy produced during these periods can be sold at higher rates. <h3 style="line-height:1.2;margin-top:14pt;margin-bottom:4pt;">Potential challenges</h3>Despite the excitement around this technology, there are several challenges that Reflect Orbital will need to overcome. Weather conditions such as thick clouds or storms could obstruct the reflected sunlight, limiting its effectiveness. Seasonal changes that affect the angle and duration of sunlight might also present difficulties. Additionally, the potential environmental impact, including light pollution and interference with astronomical observations, has raised concerns among scientists and environmentalists. <div type="Article" hostid="261" msid="112805908" title="How will Sunita Williams’ body have changed when she returns from space in February 2025?" mstype="2" mssubtype="0"></div>Reflect Orbital is aware of these challenges and has designed the mirrors to minimise light pollution. The company has also tested its technology using a hot air balloon, which successfully simulated the satellite mirrors' effect by reflecting sunlight down to a solar farm. According to co-founder <keyword id="22948422" type="General" weightage="20" keywordseo="ben-nowack" source="keywords">Ben Nowack</keyword>, the company was able to generate "500 watts of energy per square metre" of solar panel, which is about "half the brightness of the sun." <div type="twitter" handle="bennbuilds" handlename="bennbuilds" favoritecount="0" retweetcount="0" id="1767961251186163857"></div>Reflect Orbital is still in the early stages, with plans to launch its first test satellite in 2025. Interest in the project has been strong, with over 30,000 applications already submitted by individuals and organisations eager to participate in the initial offering of "sunlight on demand." This ambitious project could mark a significant step forward in renewable energy technology if successful, providing a novel solution to the intermittent nature of solar power and helping to accelerate the transition to <keyword id="21313059" type="General" weightage="20" keywordseo="sustainable-energy-sources" source="keywords">sustainable energy sources</keyword>.

Space startup Reflect Orbital plans to sell "sunlight on demand" — how will it work?

Tech giant <keyword id="19910716" type="General" weightage="20" keywordseo="IBM" source="keywords" meta.keywordsubtype="org" meta.entityname="IBM" meta.hostid="153" meta.entityid="IBM">IBM</keyword> on Monday announced the launch of its <keyword id="22332400" type="General" weightage="100" keywordseo="GenAI-Innovation-Center" source="keywords">GenAI Innovation Center</keyword> in <keyword id="19900813" type="General" weightage="20" keywordseo="Kochi" source="keywords">Kochi</keyword> which, it said, will enable enterprises, <keyword id="19945815" type="General" weightage="20" keywordseo="startups" source="keywords">startups</keyword>, and partners to explore and build generative <keyword id="20125652" type="General" weightage="20" keywordseo="AI-technology" source="keywords">AI technology</keyword>. The centre will accelerate AI innovation, boost productivity and strengthen GenAI expertise in India, the company said in a release. "As organisations transition from AI experimentation to deployment for adding business value, they often find AI projects too complex or difficult to integrate due to limited skills or expertise," it said. According to the release, the centre would provide organisations with access to IBM experts and technologies geared to help build, scale and accelerate adoption of enterprise-grade AI. The centre is built on InstructLab, a new technology jointly developed by IBM and <keyword id="20245485" type="General" weightage="20" keywordseo="Red-Hat" source="keywords" meta.keywordsubtype="org" meta.entityname="Red Hat" meta.hostid="153" meta.entityid="Red Hat">Red Hat</keyword> for enhancing Large Language Models (LLMs) with a client's own data, and will also take advantage of IBM '<keyword id="20249092" type="General" weightage="20" keywordseo="Watsonx" source="keywords">watsonx</keyword>' AI and data platform and AI assistant technologies. The GenAI Innovation Center will be a part of the IBM India Software Lab in Kochi, and be managed by IBM's technical experts. "With access to the latest in generative AI technology, LLMs, case studies, and IBM experts, the centre will nurture a community focused on harnessing the power of generative AI to address societal and business challenges ranging from sustainability, public infrastructure, healthcare education, and inclusion," IBM said.

IBM to launch GenAI Innovation Center in Kochi

<ul class="summary-list"><li>AI startups have raked in over $35 billion in 2024, but many have inflated valuations.</li><li>VCs say that capital-intensive startups struggling to generate revenue are raising flat or down rounds.</li></ul>Down rounds and flat rounds for VC-backed startups have <a target="_blank" class="" href="https://pitchbook.com/news/articles/vc-startup-down-rounds-decade-high">hit an all-time high</a> this year since 2014.And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend.Case in point: buzzy startup Inflection AI raised $1.3 billion at a <a target="_blank" class="" href="https://techcrunch.com/2023/06/29/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai/">$4 billion valuation</a> in 2023. When Microsoft paid $650 million to license Inflection AI's software earlier this year — and simultaneously hired key figures from the startup — the price tag fell short of the unicorn valuation the AI upstart had initially commanded.The Big Tech giant stopped short of officially acquiring Inflection AI, but that didn't stop the UK's competition regulator describing the acquihire as a "relevant merger situation." The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds."In light of the current hype surrounding the sector, we've observed early signs that the AI market may be overheating, with the increase in flat rounds, down rounds, and <a target="_blank" class="" href="https://www.businessinsider.com/wave-ai-acquisitions-deals-who-could-get-bought-2024-5">acquihires</a> being indicative of the challenges ahead," Andreas Riegler, general partner at APEX Ventures, told Business Insider.AI startups raked in nearly $50 billion globally from VCs in 2023, <a target="_blank" class="" href="https://news.crunchbase.com/ai/hot-startups-2023-openai-anthropic-forecast-2024/">per Crunchbase.</a> However, investor optimism appears to be fading in 2024. Startups are struggling to raise at the lofty valuations they did after the advent of ChatGPT-3, so many are looking at alternative funding arrangements.As growth slows, a spate of AI juggernauts have recently cut their valuations or entered acquihire arrangements that significantly slash how much they are worth. Jasper AI <a target="_blank" class="" href="https://affiliate.insider.com?h=d1540641a96b861283a8871d546a563e19e1c7e96e641adbf8c07bcd25acc706&amp;postID=66c889fb7d61a86c1873a0d6&amp;postSlug=ai-down-rounds-rise-valuations-investors-2024-9&amp;site=bi&amp;u=https%3A%2F%2Fwww.theinformation.com%2Farticles%2Fjasper-an-early-generative-ai-winner-cuts-internal-valuation-as-growth-slows">slashed its internal valuation</a> in 2023 as growth stymied, while the founding teams of <a target="_blank" class="" href="https://www.reuters.com/technology/artificial-intelligence/google-hires-characterai-cofounders-licenses-its-models-information-reports-2024-08-02/">Character.ai</a> and <a target="_blank" class="" href="https://techcrunch.com/2024/06/28/amazon-hires-founders-away-from-ai-startup-adept/">Adept</a> were absorbed by Google and Amazon, respectively."Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. "Acquihires like Inflection.ai, Adept, and Character.AI will accelerate in the next 12 months, and these startups will have to face the music," he said."If they could be acquired for an equal amount of the last round, it's great, but it's not happening," he added. "The fact that they're selling means they're not growing otherwise."<h2 id="4f4e55ed-41da-4a23-a651-52483bc00bdb">Down rounds are on the rise</h2>In 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data. In 2024, the number of startups raising up rounds dipped to 81.1% — and down rounds rose to 11.4%.In 2021, the multiples in the market were at an all-time high. By 2023, startups that raised at inflated valuations could no longer justify the price tag — so had to resort to flat rounds, Padval said. Now, the AI ecosystem is in for a similar reckoning.Many startups entering these arrangements are strapped for cash because they focus on building foundational models, a capital-intensive process."A lot of them hired really expensive engineers to try to solve this problem," a London-based investor who was not authorized to speak on the record told Business Insider. "They also spend a lot of money trying to train these datasets, and what they realized is that now they're running out cash without any sort of traction to prove — so they've burnt a lot of money."The key problem is that these AI startups operate like typical software companies, "with the caveat that the infrastructure serving the customer was more expensive than before, so margins were lower," said Francesco Ricciuti, a deep tech VC at Runa Capital."Those that torch VC's money to chase growth will crash mid-flight. They will die just like the quick commerce startups," he added.<h2 id="e39c7c04-5af1-4e16-9514-c8a1902af4f7">Secondaries are becoming an attractive option</h2>Some VCs are reticent to back AI startups at the same lofty valuations they commanded in 2023 — so companies are thinking of inventive ways to raise capital."Startups aren't going out publicly and raising a flat round — but many are opting for <a target="_blank" class="" href="https://www.businessinsider.com/secondary-sales-startup-employees-are-pushing-companies-for-liquidity-2023-2">secondaries</a> as a means to do this," the London-based investor told BI.Secondary share sales have had a renewed importance in the last few years. Because of the scramble for AI talent, startups are starting to hire people with the promise of giving secondary sales to employees as a perk, Padval said."They're doing this to retain them — it's not a typical phenomenon, it's an AI phenomenon," he added.

AI startups should brace for a wave of down rounds, investors say. Here's how it might play out. 

<ul class="summary-list"><li>Jason Bennett, 46, moved from San Francisco to Medellín, Colombia in 2018.</li><li>Bennett quit his job at Banana Republic to move abroad and launch two startups.</li></ul>Jason Bennett had a successful career in San Francisco but didn't see a future for himself in <a target="_blank" href="https://www.businessinsider.com/quit-job-after-rto-mandate-never-work-office-again-2024-9">the corporate world</a>.Bennett, 46, worked as a senior marketing director for Banana Republic. He earned a good salary and received great bonuses but <a target="_blank" class="" href="https://www.businessinsider.com/american-employees-disengaged-work-meaningless-fake-email-jobs-2024-6">felt unfulfilled</a>."I started to feel a disconnect with both my job and my city," Bennett said. "I started to wonder if I really wanted to spend the rest of my life in an office working for other people."In 2015, Bennett <a target="_blank" class="" href="https://www.businessinsider.com/millenniall-quit-job-start-business-shares-advice-entrepreneurship-networking-mentor-2024-9">quit his job</a> at Banana Republic and founded True Star Consulting, a marketing firm that specializes in strategic planning and creative direction for brands. He said he had saved enough for the future and was ready to start a new adventure at the age of 37.At that time, Bennett moved to Lisbon and began running True Star Consulting as a <a target="_blank" href="https://www.businessinsider.com/millennial-retired-parents-digital-nomad-family-live-abroad-cheaply-2024-8">digital nomad</a>. In 2016, he visited Medellín, <a target="_blank" href="https://www.businessinsider.com/gen-xer-moves-from-california-to-columbia-for-cheaper-retirement-2024-9">Colombia</a>, and said he envisioned it as his future home. He relocated there two years later.While many Americans are <a target="_blank" class="" href="https://www.businessinsider.com/baby-boomer-financial-independence-retired-age-60-puerto-vallarta-mexico-2024-9">moving abroad for retirement</a>, Bennett is among the working professionals <a target="_blank" class="" href="https://www.businessinsider.com/millennial-four-day-workweek-netherlands-chiropractor-high-skilled-visa-2024-9">seeking a career</a> outside the US. According to <a target="_blank" class="" href="https://www.fvap.gov/uploads/FVAP/Reports/2022-OCPA-Report_Combined_Final_20230925.pdf">data</a> from the Federal Voting Assistance Program, which helps overseas citizens vote in US elections, 429,674 US citizens lived in South and Central America and the Caribbean in 2022, up from 374,241 in 2012."It was one of, if not the best, decisions I've ever made," Bennett said. "It always felt like home."<div type="image" title="Photo shows Jason Bennett, 46, looking over Medellín, Colombia, where he moved in 2018" height="853" width="1280" msid="114013025" hostid="261" sizebytes="301036"></div><h2 id="ecf25e36-8f0b-40e5-a4ac-8b941ed2b04d">Building financial independence started at a young age</h2>Bennett was born and raised in San Francisco. He earned his bachelor's degree in business administration from the University of Oregon in 2000.After college, Bennett worked in marketing at the department store Mervyn's before joining Banana Republic in 2004. Over the next decade, Bennett ascended through the corporate ranks, becoming a director of marketing in 2013 and a senior director shortly after.While Bennett enjoyed his job, he said he felt unsatisfied with his day-to-day work. He wanted to take ownership of his schedule and career growth."At the end of the day, I wanted to be my own boss," he said.Bennett said the prospect of quitting his job at Banana Republic seemed reasonable because he had been actively saving and was diligent about his finances."Very early on, my grandparents told me to max out my 401(k) and then go have fun, and that's what I did," Bennett said. "The lesson of compound interest should be topic No. 1 for anyone thinking about one day charting their own path."In 2012, while still living in San Francisco, he bought a one-bedroom, 700-square-foot condo for under $400,000. Bennett said he chose a 15-year mortgage to accelerate his home equity and lock in a lower interest rate.Bennett also grew his wealth through investing in stocks, index funds, and fixed-income securities like certificates of deposit. He's been keeping detailed track of his finances since 1995, when he was 17 years old.Bennett said he felt confident to quit his own job to earn a fraction of the salary at his own company — and he felt confident to move abroad. He declined to share what his company books in revenue."I didn't know I was going to do this when I was 25," Bennett said. "But I did know it was important to save."<h2 id="70ee5480-51eb-4164-ab61-205bbf2d0ddc">Life in Medellín compared to San Francisco</h2>Bennett said life in Medellín is incredible, from the weather to the culture and food.He said his cost of living is much lower than in San Francisco. For example, he said he can have "excellent meals" for less than $10, and a cup of "the world's best coffee" for less than $2. He also said public transportation and Uber are inexpensive<div type="image" title="Photo shows a cup of coffee in a café in Medellín, Colombia." height="1695" width="1440" msid="114013028" hostid="261" sizebytes="189744"></div>Bennett is single and child-free, which also keeps his daily costs down.He feels so passionate about Medellín that he founded a tourist company, The Paisa Plan, to help people plan their visits to Colombia and the city. However, Bennett declined to share what his company books in revenue.He also volunteers his marketing strategy services for the Medellín Philharmonic Orchestra."It reflects my love, respect, and appreciation for my adopted home, and aims to help visitors really discover the magic of Medellín," he said.<div type="image" title="Photo shows Jason Bennett, 46, in Medellín, Colombia, with his mother." height="3024" width="4032" msid="114013030" hostid="261" sizebytes="2150056"></div>He said he is still smart about savings, despite having a lower cost of living.Six years into his life in Medellín, Bennett said he has a better work-life balance than he ever experienced in San Francisco. Additionally, he said the city is full of energy."I also take every opportunity to explore the city and immerse myself in what it has to offer," he said. "There are so many excellent restaurants and cafés. More stunning parks than you can count. And there is always something happening culturally."Are you an American who moved abroad for work? This reporter wants to hear your story. Please reach out at <a target="_blank" class="" href="mailto:jtowfighi@businessinsider.com">jtowfighi@businessinsider.com</a>

A Gen Xer quit his corporate job in SF and moved to Colombia. He said Medellín is more affordable and he's been able to launch 2 startups.

<keyword id="6355629" type="General" weightage="100" keywordseo="google" source="Orion">Google</keyword> on Tuesday announced its <keyword id="14193636" type="General" weightage="20" keywordseo="Startups-accelerator-programme" source="Orion">startups accelerator programme</keyword> that will nurture about 20 startups led by women founders in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>. The programme is aimed to help women founders address challenges that are unique to their experience, including fundraising, hiring and many others. The inaugural batch of Google for <keyword id="8826137" type="General" weightage="20" keywordseo="Startups-Accelerator" source="Orion">Startups Accelerator</keyword> - India Women Founders programme will accept up to 20 women-founded/ co-founded startups in India, including startups at the minimum viable product stage, and support them through a three-month programme. The programme will place special focus on areas like access to networks, access to capital, hiring challenges, mentorship and many others which, for a variety of social reasons and low representation, prove challenging for female founders. In addition to these, the curriculum will include workshops and support around AI/ML, Cloud, UX, android, web, product strategy and growth, as well as provide access to a global community of women founders. India is the world's third largest startup capital, trailing only the US and China. It boasts over a 100 unicorns with 22 getting added to the list just in 2022, spanning verticals such as e-commerce, healthtech, fintech and many others. However, only 15 per cent of these <keyword id="3357129" type="General" weightage="20" keywordseo="Indian-unicorns" source="Orion">Indian unicorns</keyword> have one or more women founders. "The new programme is part of a larger effort by Google towards improving the representation of women across different sections of India's digitally-trained workforce, be it entrepreneurship, professionals looking to upskill or young graduates seeking a head start on their career, with the ultimate objective of making technology universally relevant and helpful," the tech giant wrote in a blogpost. The applications for the programme are open till July 10, it added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-and-disney-to-get-into-an-intense-bidding-war-for-another-ipl-package-heres-why-it-matters/articleshow/92203554.cms">Mukesh Ambani and Disney to get into an intense bidding war for another IPL package – here’s why it matters</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/elon-musk-lost-as-much-as-mukesh-ambanis-total-wealth-in-2022/articleshow/92203221.cms">Elon Musk lost as much as Mukesh Ambani's total wealth in 2022</a>

Google to launch accelerator programme for women entrepreneurs in India

<ul><li>There's more to the stock market's AI trade than just buying Nvidia, according to Bank of America.</li><li>The bank highlighted three second-tier winners that should benefit from the growing adoption of AI.</li><li>"Rising tide could create profitable niche for next tier of vendors," Bank of America said.</li></ul>While the stock market's artificial intelligence trade has <a href="https://markets.businessinsider.com/news/stocks/nvidia-stock-ai-race-artificial-intelligence-wall-street-gpu-huang-2023-5">wildly benefitted chipmakers like Nvidia</a> and <a href="https://markets.businessinsider.com/stocks/avgo-stock">Broadcom</a>, there is a secondary tier winners that should see further upside, according to Bank of America."Rising tide could create profitable niche for next tier of vendors," <a href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America's</a> Vivek Arya said in a note on Sunday.Arya observed that the accelerator market, which enables the complex inner workings of generative AI chatbots, should double over the next three years to about $200 billion.The rapid growth in that market "could create volatile but fruitful opportunities among the #2 vendors," Arya said."Each 'junior samurAI' trades interestingly at a valuation premium to its respective leader, so greater stock volatility is to be expected. However, as the leader expands the market TAM, the junior can likely continue to carve a profitable niche," Arya said. There are three "Buy" rated stocks that Arya believes will benefit from the growing adoption of AI.<h3>1. Marvell Technology</h3><a href="https://markets.businessinsider.com/stocks/mrvl-stock">Marvell Technology</a> offers data infrastructure-focused semiconductor solutions and helps tech companies build custom chips. The company should offer more details about its AI strategy at its upcoming analyst day on April 11.Arya thinks the analyst day will be a positive catalyst for the stock, as he expects the company will guide for about 10% long-term share of the $20 to $30 billion custom AI chip market, which would be well above consensus estimates of less than 5% share.Arya said Micron could also highlight its AI Ethernet switching business, which is a market that could double to as much as $7 billion by 2027. Marvell currently has a 5% share in the market. "MRVL's execution has been spotty the last few quarters but our recent meeting suggests potential for legacy roughing near-term," Arya said.Bank of America reiterated its $95 price target, representing potential upside of 30%.<h3>2. Micron</h3>High-bandwidth memory is essential for the growing adoption of AI, and it's creating a dynamic that has never happened in the memory market. That's great news for memory-chip producer <a href="https://markets.businessinsider.com/stocks/mu-stock">Micron</a>."Usually new memory demand cycles are met with a supply response, leading inevitably to inventory and price pressure. High-bandwidth memory, critical to AI, is perhaps the first memory technology that is rapidly eating into the supply, consuming 3x the amount of wafer vs. traditional DDR DRAM memory," Arya said.Arya estimated that the high-bandwidth memory market will grow at a 48% compounded annual growth rate through 2027 to more than $20 billion. "Memory industry also stands to benefit as AI expands to the edge, via higher-spec'd smartphones, PCs and other smart/connected devices," Arya said.Bank of America raised Micron's price target to $144 from $120, representing potential upside of 15%.<h3>3. AMD</h3><a href="https://markets.businessinsider.com/stocks/amd-stock">AMD's</a> consistency in execution gives Arya confidence that it can maintain a 5% to 10% share in the AI accelerator market that Nvidia dominates."This is lower than the 20% share opportunity some bulls would argue for, but we argue AMD is being flanked on 3 sides - from leader NVDA with its incumbency/scale and well-priced Blackwell products, from custom chips with their lower-price/higher optimization, and from multiple start-ups going after market niches," Arya said.Still, while AMD is playing catch up in the AI market, "we expect it to leverage its chiplet architecture to move faster to the 3nm node for CY26 AI products," Arya said.Bank of America reiterated its $195 price target, representing potential upside of 7%.

Buy these 3 stocks to ride a 2nd wave of AI frenzy as accelerators outperform, BofA says

<ul class="summary-list"><li>UK startup Global Airlines wants to fly Airbus A380s across the Atlantic but already faces delays.</li><li>Maintenance, livery, and interior work are ongoing in the company's first superjumbo, 9H-GLOBL.</li></ul><a target="_blank" href="https://www.businessinsider.com/european-startup-airline-bought-a380-fly-between-the-us-uk-2023-5">UK-based startup Global Airlines</a>, which planned to begin flying Airbus A380s between New York and London as early as summer 2024, is already delaying its launch to 2025.A company spokesperson <a target="_blank" href="https://www.flightglobal.com/airlines/uk-start-up-global-indicates-first-flights-pushed-to-2025-as-work-on-a380-progresses/158817.article">told FlightGlobal</a> that its first aircraft — a double-decker registered as <a target="_blank" href="https://www.planespotters.net/airframe/airbus-a380-800-9h-globl-global-airlines/3v4wvk">9H-GLOBL</a> — is still in need of a complete paint job, interior, and required maintenance checks.He said the livery is being painted, and the cabin plans are "progressing," while the maintenance work is expected to start in the coming weeks and will put the airline "a step closer toward launching passenger flights next year.""[Operations] and maintenance timelines, like for any airline, have led us to reappraise when we'll be operational," the spokesperson said. He noted that 2025 "is the target" date and that the company is "working with various partners to achieve this."Global did not immediately respond to a request for comment.Since its launch, <a target="_blank" href="https://www.businessinsider.com/onlyfans-tom-stokely-joins-airline-startup-global-airlines-2024-1">Global has touted a luxurious interior for its A380</a>, which is planned to have 471 seats in economy, business, and first class.Global has so far acquired one of the four A380s it has set out to operate but has not disclosed a price. The <a target="_blank" href="https://www.businessinsider.com/global-airlines-bought-airbus-a380-fly-between-us-uk-2024-2">first is an 11-year-old superjumbo previously flown by China Southern</a> Airways.It had been sitting in a boneyard in the Mojave Desert from December 2022 until April 2024, when it made its way to Glasgow Prestwick Airport in <a target="_blank" href="https://www.businessinsider.com/airline-startup-betting-on-airbus-a380-made-first-transatlantic-flight-2024-5?amp">Scotland for the work needed to enter commercial service</a>."This was meant to be impossible, but what a super-human group of people who have a burning passion to make aviation better," Global found James Asquith said on <a target="_blank" href="https://x.com/james_asquith/status/1786016535263232094">X</a> after the flight. The 35-year-old is famous for being the youngest person to visit every sovereign country.<h2 id="b98d0b4d-7942-4a7b-8337-8004aa05f714">Global's plan is ambitious but questionable</h2>Asquith's <a target="_blank" href="https://www.businessinsider.com/etihad-airbus-a380-plane-see-inside-economy-business-first-class-2024">ambitious plan to fly the fuel-hungry A380 across the Atlantic</a> has raised eyebrows due to the quad-engine plane's inefficiency and high operating costs.The pandemic accelerated the retirement of superjumbos by airlines like Air France and Thai Airways in favor of more efficient widebodies, and a lack of orders forced <a target="_blank" href="https://www.businessinsider.com/airbus-draws-heart-sky-with-last-airbus-a380-built-emirates-2021-12">Airbus to end production of the A380 in 2021</a>.Some carriers, like <a target="_blank" href="https://www.businessinsider.com/qatar-airways-airbus-a380-not-retiring-boeing-777x-replacement-2024">Qatar Airways and Emirates</a>, have found the A380's sweet spot on very specific high-demand routes in a strong hub-and-spoke network.The NYC-London route is extremely competitive, with dozens of flights between the two cities daily.<div type="image" title="Global Airlines' Airbus A380 at Glasgow Prestwick Airport." height="1575" width="2100" msid="111148539" hostid="261" sizebytes="124240"></div>It'll be <a target="_blank" href="https://www.businessinsider.com/airbus-a380-superjumbo-history-boeing-747-emirates-2017-11">difficult to attract enough customers to fill an A380</a> — especially for a new carrier when there are already plenty of established mainline and low-cost options already available.Nevertheless, Global remains optimistic. The carrier recently announced a chauffeur service that it hopes will set it apart from the competition."I am hopeful that to-and-from airport transfers, along with some other exciting announcements we have coming up, will persuade even more passengers to fly with Global Airlines," Asquith <a target="_blank" href="https://www.globalairlines.com/article/global-airlines-and-blacklane-to-offer-complimentary-airport-rides-for-first-and-business-travellers">said</a> in a February press release announcing the special service.

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