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Toyota VC Invests in AI Startups, Firms That Refine Everyday Processes
The automaker this year started Woven Capital, an $800 million venture capital fund to make growth-stage investments in companies including those in the Toyota AI Ventures portfolio.
Game of Drones: Chinese Giant DJI Hit by US Tensions, Staff Defections
DJI, founded and run by billionaire Frank Wang, said it made the difficult decision to reduce staffing in Palo Alto to reflect the company's "evolving needs".
Amazon’s First Cashierless Store Arrives in Britain in Sign of Global Expansion
The opening is a sign of the Seattle-based company's ambition to sell food globally and its belief that physical stores are a key way to capture consumers' high spend on groceries, a category it has yet to dominate.
Snap Says Revenue Growth Does Not Depend on More Users, Engagement
Snap had revenue of $911 million and 265 million daily active users during its fourth quarter.
The move, which was earlier reported by public broadcaster NHK, comes as Japan aims to promote innovation in financial services by removing barriers to new entrants, and Japan's anti-trust watchdog last year urged banks to reconsider the fees which are far higher than costs.
Boeing Raises Concern About Airbus Jet
Boeing has raised concerns over the design of arch-rival Airbus' newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks.
Samsung Considers Four Sites in US for $17 Billion Chip Plant: Documents
Samsung is in talks with the sites at Arizona and New York, with each offering property tax abatement and "significant grants and/or refundable tax credits" to fund infrastructure improvements, the documents said.