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Hugging Face has raised a $40 million Series B funding round — Addition is leading the round. The company has been building an open source library for natural language processing (NLP) technologies. You can find the Transformers library on GitHub — it has 42,000 stars and 10,000 forks. Existing

A weekend statement from the Taiwanese government over its ability to provide water to the nation’s chip manufacturers in the face of an unprecedented drought make it clear that climate change is a direct threat to the foundations of the tech industry. As reported by Bloomberg, Taiwanese pres

Spain’s government has reached an agreement with trade unions and business associations over labor reforms that will see delivery platform couriers recognized as employees, it said today. Once such a law is passed, the development could have major ramifications for platforms operating in the

Google Cloud today announced the launch of a new support option for its Premium Support customers that run mission-critical services on its platform. The new service, imaginatively dubbed Mission Critical Services (MCS), brings Google’s own experience with Site Reliability Engineering to its

Facebook is expanding its monetization options for video creators. For anyone watching videos posted by those creators, that probably means you’ll see more ads. Facebook App Monetization Director Yoav Arnstein wrote in a blog post that creators will now be able to include in-stream ads in vid

“It seems quite odd that no one has built the SpaceX equivalent for the ocean,” Anthony DiMare tells technewss. “There's no big, modern technology company that fits the space yet.” DiMare cofounded Bedrock Ocean Exploration last year, with Charles Chiau. The latter brought a depth of r

If there were any doubt about a cryptocurrency boom, we need look no further than at the explosion of growth of certain companies in the space. One such company is BlockFi, which today announced it has closed on a massive $350 million Series D funding that values it at $3 billion. While this news i

Warehouse automation company Nimble Robotics today announced that it has raised a $50 million Series A. Led by DNS Capital and GSR Ventures and featuring Accel and Reinvent Capital, the round will go toward helping the company essentially double its headcount this year. Founded by former Stanford P

Scott Galloway, the New York University professor, author, and tech entrepreneur, is taking the wraps off a $30 million Series A round for his newest company, Section4, a platform for business “upskilling” that has now raised $37 million altogether. The company is premised on the belief

With prices ranging from $15 to $50, the strawberries grown by the vertical farming startup Oishii aren’t going to be found in just any grocery store. Instead, the nearly five year-old startup is taking what its co-founder Hiroki Koga called the Tesla approach and targeting the highest end of

Primary care startup Forward Health is looking to expand its tech-powered, personalized healthcare model across the U.S., and will use a new $225 million Series D raise to help make it happen. The new capital comes from Founders Fund, Khosla Ventures, SoftBank, Inovia, Mark Benioff – and recordin

Three and a half years after launching Google Pay in India, the Android-maker is paving the way to tap its users' transaction data for monetization purposes — though it plans to give them ample warning, and the option to opt-out. Google said on Thursday that it will roll out an update to

Taavet Hinrikus, the first employee of Skype and co-founder of fintech giant Wise (formerly TransferWise), is teaming up with Teleport co-founder and current Topia CPO Sten Tamkivi to create a new investment vehicle. Both are already seasoned investors — Hinrikus is one of Europe’s bona

The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience. Today, FlexClub, a South African company, has been provided with $5 million to improve drivers’ experience i