By Katie Paul, Anna Tong and Krystal Hu NEW YORK/SAN FRANCISCO (Reuters) – Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoning, six sources told Reuters, in what would be a leap forward for the technology. Li, considered a […]
(Reuters) – Rivian Automotive named Javier Varela its chief operating officer on Friday, bolstering its ranks with the Volvo veteran as the electric-vehicle startup expands its production facility even as it grapples with a slowdown in demand. Volvo said earlier this week that Varela would leave the Swedish truck maker after an eight-year stint that […]
Dan Purcell, the founder and CEO of Ceartas, recalls feeling devastated when he realized that a former partner had, unbeknownst to him, uploaded private, intimate videos of them onto a porn site. Over a call, Purcell told me, “I was dating a girl who was in the tech industry, and she asked me if I […]
A spaceflight startup with some serious bona fides has just come out of stealth mode. Portal Space Systems announced its existence today (April 30), revealing that it has snagged more than $3 million in funding from the U.S. Department of Defense for the development and launch of its new Supernova satellite bus. Portal’s CEO is […]
LONDON — SpaceX’s Starship will be a game changer for space-based solar power generation and will make orbiting power plants not only affordable, but cheaper than many other methods of generating electricity on Earth, according to Michigan-based start-up Virtus Solis. Virtus Solis, founded by former SpaceX rocket engineer John Bucknell, introduced their solar power beaming […]
When the e-scooter company Matt Gialich used to work for had to pause production owing to a shortage of platinum, a key component for the microprocessor that translates commands from the controls to the motor, he went down a rabbit hole researching metals. Gialich, whose childhood love of space led him into engineering and a […]
Canoo, like many other electric vehicle startups, is struggling to survive. And as is often the case in the early days of a company, expenditures exceed revenue. But one cost in particular stood out in Canoo’s latest earnings report. TechCrunch spotted an item near the bottom of a 10-K the company recently filed with the […]
Rivian Automotive (RIVN) reported better-than-expected first-quarter vehicle deliveries and doubled down on its full-year production goal Tuesday. RIVN shares fell early. X Rivian, based in Irvine, Calif., announced Tuesday that vehicle deliveries in Q1 totaled 13,588 while it produced 13,980. For 2024, Rivian also reaffirmed previous guidance of producing 57,000 vehicles. Ahead of Tuesday’s release, […]
Amazon has said it is pouring an additional 2.75 billion dollars (£2.1 billion) into Anthropic, bringing its total investment in the artificial intelligence start-up to four billion dollars (£3.1 billion). Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. “Generative AI is poised to be the most […]
(Reuters) – Fisker’s talks with a large automaker for a potential transaction has collapsed, the electric-vehicle startup said on Monday, sending its shares plunging more than 30% before the bell. Fisker did not name the automaker with which it was in talks. Reuters had reported earlier this month that Nissan was in advanced talks to […]
(Recasts paragraph 1, updates shares in paragraph 2 and adds background throughout) March 25 (Reuters) – Fisker’s talks with a large automaker for a potential transaction has collapsed, the electric-vehicle startup said on Monday, sending its shares plunging more than 30% before the bell. Fisker did not name the automaker with which it was in […]
Apple Inc. (NASDAQ:APPL) recently acquired DarwinAI, an artificial intelligence (AI) visual quality assurance startup that provides an end-to-end solution for improving product quality while increasing production efficiency. Founded in 2017 by Alexander Wong, Canada’s research chair in AI, DarwinAI has garnered significant attention, raising over $17 million from investors including Honeywell Ventures and BDC Venture […]