Kozminski Techblog

More recently, the competitive Formula One scene has received interest from technology companies looking to sponsor various teams and races. This interest has even come from some tech giants, such as Microsoft and Zoom. This was Zoom’s “first major global sports sponsorship”. A motivator behind the sponsorship is the fact that Zoom serves as a communication platform for F1.

Formula One is now even engaged with arguably the most impressive giants of all– Amazon. However, these are not associations for the sake of them; these companies are not only sponsoring F1 but participating in the process of the league and even the nitty-gritty of car mechanics.

The funds being provided by these giants are likely to make this year’s F1 races something to brace oneself for. Teams are backed with some of the most advantageous tech partnerships they could possibly have, opening up their access to world-famous engineering.

Sources:

https://www.netimperative.com/2021/03/31/zoom-sponsors-formula-one-with-multi-year-partnership/
https://techcrunch.com/2021/07/17/how-f1-got-the-data-crunched-for-its-new-race-car/

The news has recently seen a spike in interest in space travel, mostly by Billionaires bored by their regular vacations to the Maldives. Elon Musk is one of the older players in the game, with Jeff Bezos and Richard Branson being among the newer competition.

Bezos is about to set off on an excursion with his new aerospace company, Blue Origin. Questions have been raised about the ethics of Billionaire space travel, and what it aims towards, other than creating more waste outside of Earth’s atmosphere.

It has also deepened public resentment of Billionaires, pointing to the widening weath disparities in today’s economy, where the rich are exploring more vacation avenues while others are battling the climate crisis on Earth.

However, Kathy Leuders, who oversaw the development of Space X’s Crew Dragon, sees this as the initial phase of space travel. According to Kathy, the expenses occured in space travel will eventually be downsized to make it accessible to the larger public.

Sources:
https://www.theverge.com/2021/7/17/22573791/space-tourism-industry-bezos-branson-musk-billionaire-phase
https://indianexpress.com/article/technology/tech-news-technology/bezos-and-crewmates-prepare-for-inaugural-blue-origin-space-flight-7410742/

Zomato, a food delivery, restaurant finder and review app, has grown to be one of the largest food-tech companies in India. Shares were opened for sale to the public earlier this week, on July 14th, which each share priced between 72-76 Indian National Rupees. The IPO was fully subscribed within day one of the sale.

Upcoming companies and start-ups are now looking to Zomato’s fundraising journey and marketing tactics for a model to mimic. The company has brilliantly bounced back from a huge dip in business in 2015, and went on to become India’s first company with a valuation of over a Billion dollars.

With an IPO size of 90 Million, an over 10 Million growth since it registered preliminary documents with a market regulator, Zomato has become arguably the most ambitious food-tech giant in India.

However, it does face some competition, especially from Swiggy, another food delivery app with over 2.5 Million downloads.

Sources:

https://indianexpress.com/article/business/market/zomato-ipo-everything-you-need-to-know-7402280/
https://www.livemint.com/market/ipo/zomato-ipo-subscription-latest-gmp-share-allocation-and-listing-date-details-11626157342966.html