Andy Rubin, creator of Android and a former Google executive, has launched a new startup focused on humanoid robots, said a person with direct knowledge of the venture. His venture is the latest addition to the red-hot and frothy humanoid space, crowded with companies ranging from Tesla to startups such as Figure AI. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
69
On Aug. 10, Norwegian battery maker Freyr Battery announced a dramatic shake-up: CEO Tom Jensen stepped aside and became executive chair, effective today, replacing founder Torstein Sjøtveit, who retired. In the same announcement, the board said it was moving Freyr’s headquarters from Luxembourg to the U.S.Investors hardly noticed, but the moves offer insight into the West’s challenge to China’s dominance of the electric vehicle and battery industries. This was plain... Read more ›
0
When Instacart executives begin their initial public offering pitch to investors as early as next week, they face a challenge. Order volume in Instacart’s core grocery-delivery business is barely growing, new data reveals, although the company is showing revenue expansion by keeping more of the dollars spent on each order and from a fast-growing ad business. How investors react to that mixed picture will determine the valuation Instacart scores in... Read more ›
102
Some of China’s most prominent venture capitalists are U.S. citizens or green-card holders. That could soon become a problem for their firms. President Joe Biden’s executive order last week, limiting certain American investments in China, could also curtail the activities of Chinese investment firms whose leaders are U.S. citizens. The order prohibits U.S. citizens and permanent residents from investing in sensitive areas of technology—including semiconductors, quantum computing and artificial intelligence Read more ›
0
Janine Sickmeyer, the founding partner at seed and pre-seed firm Overlooked Ventures, was trying to find a low-tech way to occupy her four kids under age 8. She, like many of her Silicon Valley peers, aims to keep her young children off screens as much as possible. “Even though I’m a tech entrepreneur and investor in tech, I always try to keep my kids away from it,” she said with... Read more ›
23
Hi, welcome to your Weekend.There’s been a lot of bed-wetting down in Southern California this summer about the dangers of the artificial intelligence boom. Maybe bed-wetting isn’t fair: The Hollywood actors who are striking, in part, over how their AI-generated likenesses will be scanned, stored and monetized, have valid concerns. And they certainly can’t trust their studio minders to do right by them.However, it’s telling that a growing number of... Read more ›
0
Nearly four years after its bombastic public debut and two years after it was initially supposed to ship, Elon Musk’s curveless, futurama Cybertruck is finally crawling off production lines and into the hands of its first test drivers. Recent sightings in the wild (one Tesla blog likened the model to a “modern-day Bigfoot”) have given would-be Cybertruck customers hope that deliveries could follow soon. (The company has said full-scale production... Read more ›
54
Next week is promising to be action-packed for tech news, with earnings coming from some notable enterprise software names—Nvidia, Snowflake and Zoom Video. There will also likely be IPO filings from Instacart, according to Bloomberg, and Arm, according to various outlets. The IPO market seems to be awaking from its slumber. The IPO filings will be worth reading for their financial details on the companies, although the important trends for... Read more ›
0
This was a fun “More or Less” episode. I enjoyed listening to Sam and Dave reminisce about some of their, shall we say, less successful investments. I then asked Sam for his strategy in venture capital. I was bemused by the answer. Later in the show, we moved to another tricky topic: the future of the not-so-global internet. Hope you enjoy. Links below. Spotify Apple YouTube Read more ›
0
In 2008, while working with Will Smith on the set of a film that never ended up getting made, Remington Scott had an epiphany. The visual effects director was watching Smith stand in a photogrammetry booth, with dozens of cameras capturing the actor’s facial features from every possible angle. “Every single major star on that level, they go in and they get scans,” Scott said. Visual effects artists then translate... Read more ›
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Disney CEO Bob Iger has said he’s looking for strategic partners to help launch a streaming version of the ESPN cable channel. One key distributor, Verizon, has already thrown its hat into the ring. The telecom giant has been in touch with Disney about potentially partnering on a new ESPN streaming service, according to people familiar with the matter. Verizon CEO Hans Vestberg has made no secret of his openness... Read more ›
18
For the creator economy, it’s a moment of what economists call creative destruction. Six startups in our Creator Economy Database have been acquired this year, and three others have shut down. At the same time, entrepreneurs continue to form new companies aimed at creators and investors continue to back them. To that end, we added sixcompanies to the database over the past two weeks, showing the continued energy in the... Read more ›
0
CoreWeave, a fast-growing cloud computing provider that rents access to Nvidia’s hard-to-get artificial intelligence chips, has raised more than $2.7 billion in debt and equity this year to obtain more chips and space in data centers. Now CoreWeave may be feeling growing pains. The company recently lowered its projected revenue and capital expenditure for the year, according to documents viewed by The Information. In April, the company told investors it... Read more ›
0
I’ve got a book that all founders—and probably most everyone else—should read. It’s called “Quit: The Power of Knowing When to Walk Away” by Annie Duke. And it’s suited to this moment. The news of later-stage companies fundraising at dramatically lower valuations continues with The Information’s scoop today about Ramp. Read more ›
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By now, it’s no news that Threads has lost much of its initial buzz. Daily active users on the Android version of the Meta Platforms-owned app fell 79% to 10.3 million as of August 7 from a peak in early July, according to data analytics firm SimilarWeb. One problem: even creators, who tend to put in the time and effort to figure out new social apps, are saying they’re getting... Read more ›
0
Meta Platforms is preparing to launch software to help developers automatically generate programming code, a challenge to proprietary software from OpenAI, Google and others, according to two people with direct knowledge of the product. Meta’s code-generating artificial intelligence model, dubbed Code Llama, will be open-source and could launch as soon as next week, one of these people said. The new coding model rivals OpenAI’s Codex model and builds on Meta’s... Read more ›
362
Microsoft has hitched its wagon to OpenAI when it comes to selling artificial intelligence that can understand language and write emails, meeting summaries and slide decks. Now Microsoft has found a second horse to ride in the AI race: Databricks, which has positioned itself as a kind of anti-OpenAI. Microsoft plans to start selling a new version of Databricks’ software that helps customers make AI apps for their businesses, according... Read more ›
27
Since it was founded in 2019, credit card startup Ramp has won over investors with a blistering pace of growth. As card payment volume surged, the startup’s valuation exploded from $1 billion in early to 2021 to over $8 billion last year, thanks to investments from Thrive Capital and Redpoint Ventures, among others. Those heady times are clearly over. The New York–based startup, which competes with American Express and fellow... Read more ›
3
Landlords leasing spaces to WeWork have been increasingly approaching rival venture- and private equity–backed office rental startups, such as Codi, Industrious and Serendipity Labs, to gauge their interest in taking over WeWork spaces ahead of a possible WeWork bankruptcy, say industry executives. One challenge for landlords, however, is that some startups aren’t enthusiastic about taking on additional spaces, given the relatively weak demand for office space. Read more ›
0
Fintech startup Ramp is raising several hundred million from investors at a $5.5 billion valuation, measured before the investment, according to two people familiar with the matter. That’s a 32% cut to the $8.1 billion at which Ramp was valued at in 2021, reflecting how startup values have fallen in the past two years. Thrive Capital is leading the financing, according to another person familiar with the matter. The financial... Read more ›
26
Much to the dismay of antsy bankers and investors, it doesn’t look like Databricks, which has aided the rise of artificial intelligence software in the business world, will be going public anytime soon.Instead, the company, which sells tools for building machine-learning models, has been chatting with investors about potentially raising hundreds of millions of dollars, as my colleagues Cory and Amir reported yesterday.Databricks won’t take any capital at a valuation... Read more ›
2
Most popular sources
Business Insider
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18% 18 |
Gizmodo
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14% 7 |
Android Authority
|
11% 7 |
Tom's Hardware
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9% 1 |
The Verge
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7% 2 |
| View sources » | |
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20.11.2025 18:11
Last update: 18:06 EDT.
News rating updated: 01:03.
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