Wednesday, October 2, 2024

J.B. Hunt and UP.Labs launch venture lab to build logistics startups

Transportation and freight network giant J.B. Hunt is on the hunt for software and digital products that will fuel its business and help it adapt to the modern world — and even dominate the industry. And it’s tapping startup incubator UP.Labs to help build them.  On Wednesday at the UP Summit event in Bentonville, Arkansas, […]

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OpenAI raises $6.6B and is now valued at $157B

ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, per Crunchbase. Microsoft, Nvidia, SoftBank, Khosla Ventures, […]

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Facebook says it paid content creators $2B this year

Are creators sleeping on Facebook? Though the social network has been more enticing for AI Shrimp Jesus than young people, Facebook is consolidating its monetization programs into a more streamlined Facebook Content Monetization hub, which will reward creators for their Reels, longer videos, photos and text posts. This change could incentivize more creators to work […]

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Waymo begins offering robotaxi rides via Uber in Austin

Waymo has gotten one step closer to a commercial launch in Austin by early 2025. This week, the company will open its fully autonomous ride-hailing service to certain members of the public in the city as part of an ongoing partnership with Uber.  The expansion in Austin marks the second city after Phoenix where Waymo […]

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Gmail’s new ‘summary cards’ help you take action on your emails, like tracking packages and checking into flights

Competition in the email market is heating up. After Apple’s iOS 18 introduced a slew of Gmail-like features to Apple’s Mail app, including categorization of transactions, updates, and promotions, as well as the addition of Smart Replies (in the coming iOS 18.1 update), Google on Wednesday announced a set of enhancements for Gmail, too. Google’s […]

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Instant harkens back to a pre-Google Firebase

Instant wants to recapture some of the magic of the pre-Google-acquisition Firebase by building a modern, Postgres-based open source version of it.   Like the original Firebase, San Francisco-based Instant focuses on giving front-end developers easy access to a real-time database with offline capabilities without the need to manage any of the back-end architecture. The service […]

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Pallet uses AI to bring logistics into the 21st century

Transportation and warehousing are multi-trillion-dollar industries, but the technologies that power them are often outdated, inefficient and siloed. Pallet, which is announcing an $18 million Series A funding round led by Bain Capital Ventures today, has built an all-in-one transportation and warehouse management system that uses AI to help these businesses streamline their operations from […]

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Starling Bank fined $39 million for ‘facilitating financial crime’

Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023. Starling has been around for more than a decade. […]

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TechCrunch reimagined: welcome to our new design

Sometimes, you have to start from scratch to make something amazing. Sometimes, you already have most of the ingredients, but you have to do some improvising to make the thing sing. Until today, TechCrunch was in the latter camp. Top reporters who know how to get to the bottom of a story? Check. Must-read news […]

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Whatnot’s annual GMV hits $2B, introduces new rewards program

Whatnot, the livestream marketplace platform for trading card collectors and sneakerheads alike, announced on Wednesday that its annual gross merchandise volume (GMV) surpassed $2 billion this year.  The GMV milestone comes on the heels of its recent product launch: Rewards Club, a customizable loyalty program where sellers can create their own rewards for buyers to […]

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TuSimple founder Xiaodi Hou is back with a new autonomous truck startup

Two years ago, Xiaodi Hou was ousted from his position as CEO of TuSimple, an autonomous trucking startup he co-founded that has since shut down U.S. operations and delisted from the stock exchange — and, in an odd twist, the company has pivoted to AI animation and gaming in China.  Now Hou is back with […]

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