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# 🤖 $1B AI Funding. $1.6B+ VC Funding Day.
- URL: https://newsletters.qs.com/1b-ai-funding-1-6b-vc-funding-day/
- Published: 2024-09-05T11:30:34.000Z
- Updated: 2024-09-06T04:34:51.000Z
- Description: Daily Impact Deals #174 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

**Kedu** 🍁

📈 **Today's Global Economic Update:** The Bank of Canada [cut rates to 4.25%, citing easing inflation and rising unemployment](https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/?ref=newsletters.qs.com), with further cuts targeting 3% by next summer. 

🤖 **Deal of the Day:** Safe Superintelligence, an AI startup, raised a [$1B](https://techcrunch.com/2024/09/04/ilya-sutskevers-startup-safe-super-intelligence-raises-1b/?ref=newsletters.qs.com) funding round to acquire computing power and hire researchers and engineers.

**What's New?** 
**🌍 Climate.** Geothermal energy and waste management  
**🩺 Health.** Biotechnology  
**💻 Technology.** Artificial Intelligenc**e**  
📅 **Economics.** Euro area interest rate, US employment data, balance of trade + more

## **🌍** Climate

  
🔥 **Baseload Capital**, a Stockholm-based geothermal energy company, raised a [$58.5M Series B](https://www.finsmes.com/2024/09/baseload-capital-closes-e53m-series-b-funding-round.html?ref=newsletters.qs.com) from Breakthrough Energy Ventures to scale its operations globally.

♻️ **Cemex**, a building materials firm, [acquired](https://finance.yahoo.com/news/cemex-acquires-rc-baustoffe-berlin-171200789.html?ref=newsletters.qs.com) a majority stake in RC-Baustoffe Berlin, a company specializing in recovering demolition and excavation materials, to expand its circularity efforts.

## **🩺** Health

  
🧬 **ArsenalBio**, a California-based biotechnology company, raised a [$325M Series C](https://www.pharmaceutical-technology.com/news/arsenalbio-secures-325m-funds/?ref=newsletters.qs.com) to support the advancement of the company’s lead programs and innovation in cell therapy tools and processes.

## **💻** Technology

## 

🤖 **Safe Superintelligence,** a California-based AI startup, raised a [$1B](https://techcrunch.com/2024/09/04/ilya-sutskevers-startup-safe-super-intelligence-raises-1b/?ref=newsletters.qs.com) funding round to acquire computing power and hire researchers and engineers.

## **📅** Economic Calendar

Euro Area Interest Rate, US Employment Data, Balance of Trade + More

### Thursday, September 05th 2024

[🇺🇸 ISM Manufacturing PMI, August](https://www.ismworld.org/?ref=newsletters.qs.com)

### Friday, September 06th 2024

[🇩🇪 Germany Balance of Trade Data, July](https://www.destatis.de/DE/Home/%5Finhalt.html?ref=newsletters.qs.com)  
[🇨🇦 Canada Employment Data, August](https://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇺🇸 US Employment Data, August](https://www.bls.gov/?ref=newsletters.qs.com)  
[🇨🇳 China Balance of Trade Data, August](http://www.customs.gov.cn/?ref=newsletters.qs.com)

### Monday, September 09th 2024

[🇦🇺 Australia Westpac Consumer Confidence Data, September](http://www.westpac.com.au/?ref=newsletters.qs.com)

### Tuesday, September 10th 2024

[🇬🇧 UK Employment Data, July](http://www.ons.gov.uk/?ref=newsletters.qs.com)

### Wednesday, September 11th 2024

[🇬🇧 UK GDP Data, July](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Core Inflation Data, August](http://www.bls.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Inflation Data, ](http://www.bls.gov/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Thursday, September 12th 2024

[🇪🇦 Euro Area ECB Interest Rate Decision](https://www.ecb.europa.eu/?ref=newsletters.qs.com)  
[🇺🇸 US PPI Data, ](https://www.bls.gov/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Friday, September 13th 2024

[🇺🇸 US Michigan Consumer Sentiment (Preliminary), September](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com)  
[🇨🇳 China Retail Sales Data, ](http://www.stats.gov.cn/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

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