Browsing Category
Technology
229 posts
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".
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.
Instacart valuation more than doubles to $39 billion with latest funding round
The new funding round was led by Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management & Research Co and T. Rowe Price Associates.
The broker had $1.9 billion in shares loaned out as of Dec. 31, nearly three times the $674 million a year earlier, and it was permitted to lend out $4.6 billion worth of securities under margin agreements, around five times bigger than the prior year, according to an annual regulatory filing late on Monday.
Robotics Division of Uber’s Postmates Spins Out Into New Company
Uber bought Postmates in July 2020 in a $2.65 billion all-stock deal, with a view to expand its food delivery market share when the pandemic hit its core ride-sharing business.
Walmart’s Flipkart Expands Grocery Sales to More Indian Cities
Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next six months, the company said in a statement on Tuesday.