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 […]
With a valuation of $43 billion, Databricks is the seventh most valuable start-up in the world.It boasts an impressive roster of investors that include famed venture capital (VC) firms Andreessen Horowitz and Tiger Global, as well as some of the world’s largest businesses, including Capital One and Nvidia. Given Nvidia’s commanding position in the hardware […]
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Rivian Automotive (RIVN) was handed a price hike late Friday after shares jumped nearly 13% last week on positive sentiment around the EV startup’s R2 and R3 vehicle reveal event. However, questions remain whether the company can bring its new product line to market without help amid waning EV demand. RIVN shares jumped Monday. X […]
Artificial intelligence (AI) investors may have just found their new favorite use case. A start-up called Figure AI raised $675 million of fresh venture capital (VC) funds at a sizzling valuation of $2.6 billion. Even more impressive? The company’s investor roster includes Microsoft, Nvidia, Amazon founder Jeff Bezos, Cathie Wood‘s Ark Invest, Intel Capital, and […]
Hong Kong Science and Technology Parks (HKSTP) and Cyberport each signed memorandums of understanding with Saudi Arabia’s King Abdulaziz City for Science and Technology in Riyadh on Monday, a year after Chief Executive John Lee Ka-chiu attended the Leap technology conference to foster closer ties between the two markets. The third annual Leap event is […]
(Reuters) – Fisker shares skid nearly 40% on Friday after the electric-vehicle startup flagged going-concern risks, saying it would cut its workforce by 15% and pause investments in future projects until it secures a partnership with a manufacturer. The company warned of a “difficult year” ahead, the latest sign of growing pain in the EV […]
The creators of the chatbot ChatGPT want to bring their artificial intelligence software to humanoid robots. The start-up Figure wants to use OpenAI to develop new AI models for its machines, which can walk upright and already perform complex movements with their mechanical hands. In January, Figure agreed with BMW to supply robots for use […]
(Reuters) -Electric-vehicle startup Fisker on Thursday raised substantial doubts about its ability to continue as a going concern, sending its shares down around 23% in extended trading. The company, which missed analysts’ expectations for quarterly revenue, also announced plans to reduce its workforce by about 15%. The EV maker reported preliminary revenue of $200.1 million […]
deep An Israeli AI cybersecurity start-up, Clarity, has developed software to detect and protect against deepfakes and recently raised its first $16 million in seed money. Co-founder Michael Matias, who was an Israel Defense Forces (IDF) officer and leader in the 8200 Intelligence Unit, told Fox News Digital he was focused on democracy and how […]
On Tuesday (Feb. 20), after a relatively long hiatus from the public eye, Bridgit Mendler announced the launch of her new satellite data startup, Northwood. Beyond introducing quite an interesting company — one that aims to make satellite technology more accessible by mass-producing data-retrieving ground stations on Earth — there’s another major reason the launch […]
Hong Kong-based marine tech start-up Clearbot is set to launch a new generation of bigger solar-powered autonomous boats to boost its efforts to clean up polluted waters in India. Clearbot’s latest fleet of self-driving electric boats will each have the capacity to pick up around 500kg of plastic waste and other rubbish from the ocean […]