Thursday, July 20, 2023

Google says Apple employee found a zero-day but did not report it

Google fixed a zero-day in Chrome that was found by an Apple employee, according to comments in the official bug report. While the bug itself is not newsworthy, the circumstances of how this bug was found and reported to Google are, to say the least, peculiar. According to a Google employee, the bug was originally […]

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Whop, an online marketplace for digital goods, raises $17M

Amazon might have the monopoly on physical goods sold online. But what about digital ones? There’s Steam for games and software. Shopify supports some forms of digital goods, like artwork and gig services. But three co-founders, Steven Schwartz, Cameron Zoub and Jack Sharkey, believe that there’s room for competition. Schwartz, Zoub and Sharkey are the […]

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Walmart+ Assist halves the price of its Prime competitor for those on government assistance

Walmart+, the U.S. retailer’s Prime competitor, is introducing a new program designed to help those on government assistance take advantage of its membership benefits, like free shipping and delivery, gas discounts and access to streaming service Paramount+. The company announced this morning the launch of Walmart+ Assist, a way to purchase a Walmart+ membership at […]

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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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