Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise
Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 billion valuation. This means that the five-year-old Uruguayan company has effectively quadrupled its.....»»
GM-backed self-driving firm Momenta filing for U.S. stock offering, report says
Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. The IPO could raise $200 million to $300 million......»»
DDT pollutants found in deep sea fish off LA coast raise questions about the pesticide"s continuing threat to wildlife
In the 1940s and 1950s, the ocean off the coast of Los Angeles was a dumping ground for the nation's largest manufacturer of the pesticide DDT—a chemical now known to harm humans and wildlife. Due to the stubborn chemistry of DDT and its toxic brea.....»»
Animal behavior research better at keeping observer bias from sneaking in—but there"s still room to improve
Animal behavior research relies on careful observation of animals. Researchers might spend months in a jungle habitat watching tropical birds mate and raise their young. They might track the rates of physical contact in cattle herds of different dens.....»»
Zeekr aims to raise up to $368 million in U.S. IPO
Zeekr founder and Chairman Shufu Li, according to a U.S. filing, will control almost 75 percent of the shareholder voting power in the company after the IPO......»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
Rocket Report: Astroscale chases down dead rocket; Ariane 6 on the pad
Rocket Factory Augsburg, a German launch startup, nears a test-firing of its booster. Enlarge / This image captured by Astroscale's ADRAS-J satellite shows the discarded upper stage from a Japanese H-IIA rocket. (credit: Astrosca.....»»
Orum No Code Verify helps businesses validate bank accounts
Orum launched No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API. Orum’s Verify solution offers 100% coverage of all US-based cons.....»»
Coldplay, Drake, Ariana Grande and other UMG artists return to TikTok
Songs from UMG artists are now again available to TikTok creators, after a dispute over royalty payments and AI policies was resolved. This has seen the return of a lengthy list of artists, including Bad Bunny, Sting, The Weeknd, Alicia Keys, Drak.....»»
Island raises $175 million at $3 billion valuation
Island announced its $175 million Series D financing. The new funding round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capit.....»»
First Apple Card holders to get new titanium card as original is about to expire
Apple Card was launched in 2019 in the US, and although using it with Apple Pay is the best solution, the company provides a physical card made of titanium so that holders can make purchases in stores that don’t accept contactless payments. Interes.....»»
Porsche dealership sales manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a Porsche dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»
Manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a luxury dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»
Former Apple researchers launch startup focused on protecting iOS devices
Two former Apple employees who worked for the company as cybersecurity researchers are now launching their own startup. Called DoubleYou, the startup is focused on helping creators of cybersecurity products protect iOS devices and Macs. more….....»»
Startup financing gender gaps greater in societies where women are more empowered: Study
Commercial bankers provide capital to fund the operations and growth of businesses. However, as these lenders evaluate entrepreneurs who apply for loans, gender bias leads to women being denied more often than their male counterparts......»»
Report: Apple acquires French startup behind AI and computer vision technology
Apple has reportedly acquired Datakalab, a Paris, France-based startup specializing in artificial intelligence compression and computer vision technology. According to French business magazine Challenges, the acquisition was finalized in December......»»
Dealers raise concerns about how Scout, Sony Honda Mobility will sell vehicles
Dealers, associations and NADA have been sending inquiries to Scout Motors and Sony Honda Mobility on how the brands plan to sell vehicles......»»
EU to approve Apple’s iPhone NFC chip policy changes, will allow competitors to Apple Pay
The EU commission is set to approve Apple’s previously-announced policy changes regarding access to the NFC chip on the iPhone, with the view of increasing competition in the contactless payments market. The commission’s decision will be official.....»»
Ransomware in Q1 2024: Frequency, size of payments trending downwards, SMBs beware!
More organizations hit by ransomware gangs are starting to realize that it doesn’t pay to pay up: “In Q1 2024, the proportion of victims that chose to pay touched a new record low of 28%,” ransomware incident response firm Coveware.....»»
The Rise of the Carbon Farmer
Farmers around the world are reigniting the less intensive agricultural practices of yesteryear—to improve soil health, raise yields, and trap carbon in the atmosphere back down in the soil......»»
Spotify planning to launch more expensive ‘Music Pro’ subscription with lossless songs
A recent report revealed that Spotify is planning to raise the price of its subscription soon, at least in some countries. And for those who think that paying $10.99 a month for a music streaming platform is already too much, the company may soon int.....»»