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Record Operating Results reported by Greg Lindberg’s Companies

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Some recent stories on Greg Lindberg that you may have missed:

Global Growth Achieves Record Operating Results for The First Half Of 2020, Founder Greg Lindberg Reports

“In a highly challenging environment amid the COVID-19 pandemic, the Global Growth team produced extraordinary operating results,” said founder Greg E. Lindberg. “We are well on track to achieve full year adjusted EBITDA of close to $300 million as previously forecasted,” Lindberg said. For the first half of the year ended June 30, 2020, Global Growth’s non-insurance companies produced $136.2 million in adjusted EBITDA, 29% ahead of the prior year period. For the month of June, adjusted EBITDA was $31.6 million, 100% ahead of the prior year period. “The performance of our group of companies in the first half of 2020 demonstrates the strength of our team and our ‘first who, then what’ business model,” Lindberg said. Read more at: https://www.prnewswire.com/news-releases/global-growth-achieves-record-operating-results-for-the-first-half-of-2020-founder-greg-lindberg-reports-301099792.html

20 Entrepreneurs You Must Follow in 2020. Today, Greg Lindberg’s Global Growth conglomerate encompasses dozens of companies with 8,000 employees worldwide and $1.4 billion in revenue. Read more at: https://www.latestly.com/auto/20-entrepreneurs-you-must-follow-in-2020-1883766.html

People Are Frustrated With The Criminal Justice System For Good Reason, Says Greg Lindberg

People have taken to the streets to air their frustration with a criminal “justice” system that is stacked against them, says Greg Lindberg, founder of Global Growth, a group of over 100 companies worldwide focused on healthcare and technology. People are fed up with an excessively harsh criminal justice policies that result in mass incarceration, over-criminalization, racial injustice, and stand in the way of a fair and equal society, says Lindberg. Read more at: https://lapostexaminer.com/people-are-frustrated-with-the-criminal-justice-system-for-good-reason-says-greg-lindberg/2020/06/24

Greg Lindberg Issues Statement On Why He Is Confident In A Successful Appeal In The Case Initiated By Mike Causey’s False Allegations

Greg Lindberg states that “I am confident the Fourth Circuit will either reverse the verdict or remand the case for a new trial. The Supreme Court has ruled unanimously that a judge cannot instruct a jury on a finding of fact, as the district court did in my case. In essence, the district court directed the guilty verdict. In doing so, the district court took the most important part of the case away from the jury and infringed on my and every American’s Fifth and Sixth Amendment rights. Even the prosecution agreed with me on this point in one of their filings during the trial.” https://nsjonline.com/article/2020/08/08-25-2020-an-open-letter-from-greg-lindberg/

Global Growth Will Donate 1 Million Meals for COVID-19 Relief, Founder Greg Lindberg Says

Global Growth companies have provided the first 100,000 meals out of their committed 1 million to areas affected by COVID-19.  This milestone is only the beginning, its management says. Read more at: https://northcarolinanewsdaily.com/global-growth-will-donate-1-million-meals-covid-19-relief/

“Insurance Commissioner Set Me Up”. Billionaire insurance magnate Greg Lindberg is not going down quietly, filing a lawsuit recently against the state insurance commissioner who demanded large donations from him.Read more at: https://insurancenewsnet.com/innarticle/insurance-commissioner-set-me-up-greg-lindberg-claims-in-lawsuit#.X0spcshKg2x

Global Growth and Global Good: Greg Lindberg’s Journey from Donor To Social Benefactor

Many self-made millionaires grew up struggling and thus understand human needs from personal experience.  Author Thomas C. Corley discovered that 41% of the self-made millionaires in his Rich Habits Study (which resulted in his book) came from poverty. Greg Lindberg had a family legacy like that. He built his fortune from a $5,000 investment while in college. He was the first Lindberg to graduate from college. From a working-class family with occupations like plumber and auto-mechanic, Greg learned that hard work and discipline is rewarded with success. He was also aware he came from meager beginnings. When he perused a ledger book that his grandfather kept, he saw that at one time granddad was making only 8 cents an hour. Read more at: http://markets.post-gazette.com/postgazette/news/read/40187737

Hannah Barwell is the most renowned for his short stories. She writes stories as well as news related to the technology. She wrote number of books in her five years career. And out of those books she sold around 25 books. She has more experience in online marketing and news writing. Recently she is onboard with Apsters Media as a freelance writer.

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Zopper, an Insurtech Company, Raises $25 Million in a Round Sponsored by Elevation Capital and Dharana Capital

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Zopper, an insurtech firm, announced in a note today that it has raised $25 million in a new round of funding led by Elevation Capital and Dharana Capital.

Dharana Capital has supported companies like NoBroker and Urban Company, while Elevation Capital is an active investor in the Indian fintech ecosystem.

The financing also included Blume Ventures, an existing investor. Other investors in Zopper include Creaegis, Bessemer Venture Partners, and ICICI Venture. To date, the business has raised a total of $96 million in equity investment.

The business from Noida will utilize the money to improve its insurance distribution network and expand its digital technology infrastructure. Additionally, the funds will improve Zopper’s device and appliance protection businesses’ post-sales and maintenance capabilities and speed up the expansion of the company’s current bancassurance products. The method used to sell insurance products through banking channels is known as the bancassurance model.

Banks and other businesses can use Zopper’s technology stack to package and market insurance products to their clients.

The company claimed in a statement that it presently has over 2,500 ecosystem actors and 40 insurance providers as partners.

At the moment, Zopper offers customized insurance solutions for consumers in India by integrating them into the ecosystem’s current digital channels.

“We are here to transform and automate the insurance distribution model in India, effectively, strategically and keeping customers in mind. We are mission-focused as a team. If we get this right, it will be transformational for the ecosystem and the country,” stated Mayank Gupta, Zopper’s chief operating officer.

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Amazon Invests an additional $4 Billion in the AI Firm Anthropic

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As the e-commerce behemoth competes with Big Tech rivals to profit from generative artificial intelligence technology, Amazon.com (AMZN.O.) opened a new tab and invested an additional $4 billion in OpenAI opponent Anthropic.

Amazon’s stake in the company famed for its GenAI chatbot Claude has doubled, but it is still a minority investor, the business announced on Friday. Like Amazon’s prior $4 billion investment, it is made in installments, starting at $1.3 billion and taking the form of convertible notes.

According to sources who asked not to be named in order to discuss private topics, Anthropic is also in discussions with other investors in order to raise more money with Amazon’s support.

Amazon, which has steadily become Anthropic’s main cloud partner, is in intense competition with Alphabet’s Google (GOOGL.O) and Microsoft (MSFT.O) to provide AI-powered tools for its cloud clients. As a major distributor of its most recent models, AWS is generating a substantial amount of revenue for Anthropic.

“The investment in Anthropic is essential for Amazon to stay in a leadership position in AI,” Gil Luria, an analyst at D.A. Davidson, stated.

The increased investment by the e-commerce giant in Anthropic highlights the billions of dollars that have been invested in AI startups in the past year as investors seek to profit from the technology’s surge in popularity following the release of OpenAI’s ChatGPT in late 2022.

Last month, Microsoft-backed OpenAI collected $6.6 billion from investors, potentially valuing the company at $157 billion and solidifying its place among the world’s most valuable private enterprises.

Anthropic intends to use Amazon’s Trainium and Inferentia chips to train and implement its core models. Securing expensive AI chips is a big concern for startups since the rigorous process of training AI models demands powerful processors.

“It (partnership) also allows Amazon to promote its AI services such as leveraging its AI chips for training and inferencing, which Anthropic is using,” Luria stated.

Amazon is one of the many so-called hyperscaler clients of Nvidia (NVDA.O), which opens a new tab and presently controls the market for AI chips.

However, through its Annapurna Labs branch, which Anthropic stated it was “working closely with” to help create CPUs, Amazon has been striving to develop its own chips. Additionally, Amazon has been working on developing its own AI model, code-named “Olympus,” which it has not yet made public.

Anthropic, which was co-founded by brothers Dario and Daniela Amodei, former executives at OpenAI, said last year that it had obtained a $500 million investment from Alphabet, which pledged to contribute an additional $1.5 billion over time.

The startup’s operations also make advantage of Alphabet’s Google Cloud capabilities.

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Wiz will pay $450 million to acquire Cloud Remediation Startup Dazz

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Wiz revealed on Thursday that it will buy channel-focused company Dazz in an agreement to add cloud remediation capabilities to the vendor’s cloud and AI security platform.

With features like application security posture management and continuous threat and exposure management, Dazz provides a remediation-focused cloud security platform.

Jared Phipps, a seasoned cybersecurity industry executive who most recently worked for SentinelOne, was hired by Dazz in February as its CRO as the business sought to expand its collaboration with channel partners. Presidio, situated in New York, has been one of the key partners.

Dazz said in July that it has raised a $50 million round of funding, increasing its total funding since its 2021 launch to $110 million.

Dazz provides a “industry-leading remediation engine,” according to a post published on Thursday by Wiz Co-Founder and CEO Assaf Rappaport, which will allow Wiz to “empower security teams to correlate data from multiple sources and manage application risks in one unified platform.”

This is Wiz’s third purchase overall and its second acquisition of 2024 after the company’s April acquisition of cloud detection and response provider Gem Security.

Wiz, a four-year-old startup, reported in May that it had raised $1 billion in new capital at a $12 billion valuation, citing its continued strong development in the cloud and AI security areas. Annual recurring revenue (ARR) for the business reportedly increased from $350 million earlier this year to above $500 million.

After making a number of management additions aimed at facilitating quicker partner-driven growth, Rappaport stated in February that Wiz would prioritize its channel operations moving ahead.

I“In cybersecurity partners are super, super important in the success of a company. So we’ve always [seen that] this has huge potential for us to tap into. I think there is so much more we can do,” he stated at the time.

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