Amazon’s Zoox is expanding autonomous vehicle operations, testing to Seattle
Zoox, the autonomous vehicle startup acquired last year by Amazon, is expanding to Seattle. The company plans to open in 2022 an engineering office and operations facility, which will act as a base for its autonomous vehicle testing,
Zoox, which today employs more than 1,300 people, tests its auton
Toyota earmarks $3.4 billion to boost EV battery production in the US through 2030
Toyota Motor is joining other major automakers in putting its money behind electrification, saying Monday it would invest $3.4 billion in battery development and production in the United States through the end of the decade.
The investment, which comes through the Japanese automaker's North Ame
Walmart lures consumers to its Walmart+ subscription with early access to Black Friday deals
Walmart+, the retailer’s low-cost alternative to Amazon Prime offering free shipping with no minimums, free grocery delivery and other perks, is now adding one more reason to become a subscriber: early access to Black Friday deals. The company announced today it will allow paying Walmart+ sub
More African startups get into Techstars Toronto
In March, two Nigerian startups, Treepz (formerly Plentywaka) and TalentQL got into the Techstars Toronto accelerator program alongside eight other companies.
The program, held virtually, provided these startups with funding ($100,000 convertible note and $20,000 stipend), mentorship and access to
Dance Church raises $4.7M to get your bootie back on the (virtual) dance floor
Our DJ, who art in heaven, hallowed be thy name. Thy dancefloor come, thy steps be done, on earth, as it is at Dance Church. The 11-year-old startup, which started back in 2010 as an in-person experience, has seen tremendous growth, especially as people were forced out of dance studios because of C
Scribe launches knowledge-capturing software that gets employees on the same page
Employees come and go, often taking their knowledge with them. There are also times when just a handful of employees know how to do something and don't have time to provide a mass tutorial. That's where Scribe comes in. Its software records movement and clicks and converts them into a step-
Foxconn unveils three new EV prototypes
At its HHTD21 event, Foxconn unveiled three electric vehicle prototypes including two sedans and an electric bus, according to a Nikkei report and YouTube video. The company said it is “no longer the new kid in town” when it comes to EVs, and aims to develop a business worth up to $NT 1
Challenger bank N26 raises $900 million at $9 billion valuation
Fintech startup N26 has raised a $900 million Series E round at a $9 billion valuation. That represents a big jump from the company's Series D valuation of $3.5 billion. The Berlin-based startup operates a digital bank with 7 million clients across 25 countries.
Third Point Ventures and Coatue
Emory University is launching a student venture fund to invest in underrepresented startups
College is a time for learning, and sometimes the best type of learning is hands-on, where you come to understand a trade by doing it. Emory University students wanted to learn about venture investing, while figuring out a way to get funds to underrepresented startup founders. They are managing to
Stellantis, LG Energy to build battery factory in new joint venture
Stellantis, the automaker formed through a merger with Fiat Chrysler Automobiles and Groupe PSA, has reached a preliminary deal with LG Energy Solution to produce battery cells and modules in North America.
The deal, which still must be approved by regulators, is part of Stellantis’ plan to i
Crossing Minds brings in new capital to provide recommendations that don't require identifiable information
Most of our media and shopping worlds involve the little boxes below what we are looking at that offer up other shows to watch or items to buy that are either similar or that other people also bought.
Consumers also have expectations that websites will be more personalized, which means that website
With customers like Coinbase and Shopify, remote hiring startup Deel raises $425M at a $5.5B valuation
As more people continue to work remotely, organizations globally have had to adjust — particularly when it comes to onboarding new employees and figuring out how to pay them, in some cases, across borders.
As a result, Deel — a San Francisco-based startup which provides payroll, compl
Quris combines AI with ‘patient on a chip’ to speed drug development and reduce animal testing
The necessity of animal testing is a sad one for the process of drug discovery, but there’s seemingly no good alternative to mice, even though they’re not particularly accurate human analogues. Quris claims to have the first real option in its combination of AI with data from a “p
Amazon may have lied to Congress about its business practices, lawmakers say
Five members of the House Judiciary Committee have accused (PDF) Amazon's top executives of either misleading or blatantly lying to it about its business practices and said they are considering an investigation following publication of two damning reports last week.
Reuters and the Markup rep