Tuesday, November 7, 2023

Shein reportedly seeks $90 billion valuation in IPO

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Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public offering, Bloomberg reported on Tuesday. That price tag is up from the $64 billion valuation it was given in a funding round […]


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Everything announced at OpenAI’s first developer event

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OpenAI held its first developer event on Monday and it was action-packed. The company launched improved models to new APIs. Here is a summary of all announcements in case you missed the event. ChatGPT’s user milestone After a year of its launch, ChatGPT is pretty popular. OpenAI said that more than 100 million people are […]


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GM halts production of Cruise Origin robotaxi amid suspended operations

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Cruise is pausing production of its purpose-built robotaxi, the Origin — the autonomous vehicle company’s latest setback amid suspended operations and increased scrutiny from regulators. Forbes first reported the news, citing audio of Cruise CEO Kyle Vogt’s address at an all hands meeting Monday. TechCrunch has confirmed the news with sources who spoke to us […]


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The 2025 Ram Ramcharger is an electric truck that gets its EV juice from a gas-powered generator

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Don’t call it a plug-in hybrid. Or a gas-powered vehicle either. Stellantis brand Ram wants the 2025 Ram 1500 Ramcharger, which was revealed November 7, to be viewed as a battery electric truck. The Ramcharger does have a 92 kilowatt-hour battery pack with 145 miles of range. It also happens to have a 3.6-liter V6 […]


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Ontario Teachers’ fund backs Indian logistics unicorn Xpressbees in $80 million funding

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Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture growth fund amid a surge in the country’s online shopping activity. The Canadian pension fund has acquired a stake in the Pune-headquartered startup at about $1.4 […]

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Monday, November 6, 2023

Shein reportedly seeks $90 billion valuation in IPO

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Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public offering, Bloomberg reported on Tuesday. That price tag is up from the $64 billion valuation it was given in a funding round […]

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GM halts production of Cruise Origin robotaxi amid suspended operations

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Cruise is pausing production of its purpose-built robotaxi, the Origin — the autonomous vehicle company’s latest setback amid suspended operations and increased scrutiny from regulators. Forbes first reported the news, citing audio of Cruise CEO Kyle Vogt’s address at an all hands meeting Monday. TechCrunch has confirmed the news with sources who spoke to us […]

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Mamaearth makes public debut, youngest Indian unicorn to list

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Shares of Honasa Consumer, the parent firm of direct-to-commerce beauty and personal care Mamaearth, jumped slightly in a key public listing watched by many Indian startups as they evaluate their own initial public offerings. Mamaearth, a seven-year-old company, was trading at 331.45 Indian rupees ($3.98) per share on NSE, above its 330 Indian rupees listing […]

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WeWork, once worth $47 billion, files for bankruptcy

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Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank. The New York-based firm has listed both assets and liabilities in the range of $10 billion to $50 billion in its petition filed in a New Jersey federal […]

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Why this autonomous vehicle veteran joined a legged robotics startup

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Zhang Li‘s career path has looked like a bellwether for China’s tech trends. When the Cisco veteran joined WeRide in 2018, the Chinese autonomous vehicle company was less than a year old. In the next few years, the country would become a breeding ground for three AV unicorns, including WeRide, of which valuation surged to […]

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ChatGPT: Everything you need to know about the AI-powered chatbot

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ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92 percent of Fortune 500 companies for more wide-ranging needs. While there is a more…nefarious side to ChatGPT, […]

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Online store exposed millions of Chinese citizen IDs

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A security researcher said he discovered millions of Chinese citizen identity numbers spilling online after an e-commerce store left its database exposed to the internet. Viktor Markopoulos, a security researcher working for CloudDefense.ai, said he found the database belonging to Zhefengle, a China-based e-commerce store for importing goods from overseas. The database contained more than […]

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Lucid adopts Tesla’s charging standard

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Lucid has reached an agreement that will give owners of its luxury EVs access to Tesla’s network of superchargers — following the path of Ford, GM and the majority of automakers that sell EVs in North America have taken in recent months. Ford kicked off the trend in May 2023 when it announced its EV […]

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Sources confirm that Salesforce intends to announce new Slack CEO next week

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It was a whirlwind kind of day at Salesforce and Slack as the company learned that Slack CEO Lidiane Jones would be leaving at the end of the year to become CEO at dating app Bumble. Sources, who chose to speak on background because they were not authorized to speak on behalf of the company, […]

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