Benjamin Soff

David Karnovsky

Douglas Arthur

Thomas Yeh

Jason Bazinet

Kutgun Maral

Vasily Karasyov

Kannan Venkateshwar

- **Copper** has **closed a $28 million Series A financing** round, a combination of equity and debt, **led by Prelude Ventures**.  **[71691_c2939f8c439e409580845f1b75bca203_0]** 
- This new capital will enable Copper to **expand its operations into new markets and products** and scale its technology platform.  **[71691_c2939f8c439e409580845f1b75bca203_0]** 
- Copper's primary product is a **battery-equipped induction range** that provides a performance boost, supports the grid, and avoids expensive electrical upgrades.  **[71691_c2939f8c439e409580845f1b75bca203_0]** **[71691_c2939f8c439e409580845f1b75bca203_1]** 
- The company's business primarily comes from **B2B sales to owners of buildings and real estate portfolios**, including a recent contract with the New York Housing Authority for **10,000 units** and stated interest for an additional **300,000+** units.  **[71691_c2939f8c439e409580845f1b75bca203_0]**

Copper Closes $28 Million Series A Financing

- **Fivespan Partners**, an activist investment firm, has acquired a stake in **The New York Times Company**.  **[71691_84b36c8a723645fcb79209eddaafba6b]** 
- Fivespan is urging the media company to accelerate its use of **artificial intelligence** to expand its subscription base and believes AI could more than **double** the Times' long-term revenue and profit.  **[71691_84b36c8a723645fcb79209eddaafba6b]** 
- The New York Times has taken a **cautious approach to AI**, highlighted by its ongoing lawsuit against OpenAI and Microsoft over copyright issues, despite having already integrated AI in its newsroom and signed a generative AI partnership with Amazon.  **[71691_84b36c8a723645fcb79209eddaafba6b]** 
- The New York Times stock price has risen significantly, gaining **87%** since August 2022, following previous activist involvement.  **[71691_84b36c8a723645fcb79209eddaafba6b]**

New York Times Co. Faces Activist Push for AI Expansion

NEW YORK TIMES (NYT)