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Snowstorm raises seed to keep the internet free
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Thursday, July 20, 2023
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Wednesday, July 19, 2023
Netflix brings password-sharing crackdown to India and every other market
Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today, the global streaming giant said after a limited rollout of the restriction helped the firm sign up nearly 6 million subscribers in the quarter ending June. The streaming giant said it will start to address account sharing between households in […]
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China’s OpenAI challenger Zhipu AI gets Meituan funding
Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap of around $100 billion at the time of writing. An affiliate of Zhipu AI recently added a Meituan subsidiary as its shareholder, which now owns a 10% stake in the […]
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Farizon, Geely’s truck unit, raised $600M to expand outside China
Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China. A key focus for Farizon’s expansion will be Europe, where the automaker plans to […]
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With $37M seed round, Maka Motors begins EV pilot on Indonesia’s streets
A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022. Moreover, as much as half of the overall motorbike market in Southeast Asia could be replaced by electric two-wheelers by 2030, McKinsey associate partner Rahul Gupta said at the G20 summit last […]
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Kitchen robot Botinkit raises $13M from DJI angel and others
Having worked in the food industry for several years, Shirley Chen saw firsthand the challenges of managing staffing and training for restaurant expansion. So when she met her future co-founders, she saw an opportunity to leverage their expertise in chemistry and electrical and electronic engineering, along with her own food and beverage background, to start […]
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Tesla to license FSD to other OEMs, allow transfer of FSD to new cars
Tesla CEO Elon Musk confirmed Wednesday that the automaker is “in discussion with major OEMs about using Tesla FSD.” Tesla Full Self-Driving is the automaker’s beta advanced driving assistance system (ADAS) that can automate driving tasks on highways and urban streets. If other automakers were to adopt FSD technology, they would need to onboard both […]
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Beijing robotics firm ForwardX’s Series C hits $61 million
ForwardX this week announced an additional $30 million in funding, bringing the Beijing-based firm’s Series C up to $61 million. The funding follows an initial tranche announced way back in December 2021. It brings the warehouse robotics firm’s total funding up to $140 million since its 2016 launch. The last few years have been a […]
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WhatsApp launches standalone smartwatch app for Wear OS
WhatsApp has finally launched its standalone app for smartwatches running Google’s Wear OS, after much anticipation and months-long beta testing. Meta CEO Mark Zuckerberg on Wednesday announced the launch of the WhatsApp app for Wear OS that will allow users to start new conversations, reply to messages, and take VoIP calls without requiring them to […]
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Unstructured, which offers tools to prep enterprise data for LLMs, raises $25M
Large language models (LLMs) such as OpenAI’s GPT-4 are the building blocks for an increasing number of AI applications. But some enterprises have been reluctant to adopt them, owing to their inability to access first-party and proprietary data. It’s not an easy problem to solve, necessarily — considering that sort of data tends to sit […]
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As Egnyte continues to grow steadily, an IPO seems like the inevitable conclusion
Egnyte is like the little engine that could. It just keeps chugging along with slow but steady growth as it marches towards an IPO.
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After five years, Beats Studio 3’s replacement is finally here
Next week, Beats will have debuted its first product 15 years ago. The headphone maker quickly established itself as a status symbol, on the strength of partnerships with musicians and sports influencers. It was a rare feat in the world of consumer electronics, where cool factor largely takes a back seat to functionality. For Beats, […]
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Microsoft, Activision give themselves three more months to close mega-merger
Microsoft and Activision have jointly agreed to extend the deadline to complete their mega merger for a further three months in order, they say, to allow time to resolve “remaining regulatory concerns”. The original deadline for Microsoft to close the $68.7BN acquisition of Activision it announced back in January 2022 was July 18 (yesterday). But the […]
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Sources: Lensa AI backer exits Servers.com for $200M
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Tuesday, July 18, 2023
Shark Tank India investors fall short on pledges
Over a year following the inaugural season of the Indian edition of Shark Tank, the seven esteemed investors made good on less than half of their investment pledges, according to a new analysis, the latest in a series of criticisms for the show. The “sharks” overall invested in only 27 of the 65 investment pledges […]
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