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.....»»
This Bag of Cells Could Grow New Livers Inside of People
Donor livers are in short supply for transplants. A startup is attempting to grow new ones in people instead......»»
EV startup Canoo"s 2024 revenue forecast disappoints, shares tumble
The company reported a net loss of $302.6 million for the year ended Dec. 31, compared with losses of $487.7 million a year earlier......»»
Ford CEO Jim Farley"s 2023 compensation rises to $26.5M
While his base salary remains unchanged and bonus payments fell, Farley's overall compensation rose based on revamped stock awards that estimate future payouts......»»
How CISOs tackle business payment fraud
In this Help Net Security video, Shai Gabay, CEO of Trustmi, discusses why payments are a source of cyber worry for CISOs. CISOs are worried about Business Email Compromise (BEC), cyber attackers’ use of AI, and securing the supply chain. These.....»»
The Next Generation of Cancer Drugs Will Be Made in Space
Injectable immunotherapy drugs can be made, in theory, but gravity prevents them from crystallizing correctly. A startup thinks the solution could be right above us......»»
Automakers, Tier 1 companies ask suppliers for parts payment delays as investment costs mount
Some automakers and Tier 1 parts companies, on the hook for billions of dollars in EV and software-related investments, are asking their supply chains for longer payment terms or to defer payments entirely......»»
Fisker"s bailout talks with large automaker end; stock trading halted
Nissan was in advanced talks to invest in the company, in a deal that could act as a financial lifeline for the cash-strapped EV startup, according to reports. Trading in Fisker shares was halted pending an announcement......»»
EV maker Lucid signs deal to raise $1 billion from Saudi"s PIF affiliate
The Saudi PIF has a 60 percent stake in the EV maker and will be able to convert the preferred stock into about 280 million shares......»»
Fisker"s bailout talks with large automaker end
Nissan was in advanced talks to invest in the company, in a deal that could act as a financial lifeline for the cash-strapped EV startup, according to reports......»»
Google Wallet now Requires You to Unlock your Phone for Payments
This is similar to what other companies like Apple have been doing, which would usually require a user to unlock their device with Face ID. The post Google Wallet now Requires You to Unlock your Phone for Payments appeared first on Phandroid......»»
Honda to trim U.S. dealer profit margins
The company is also making some reductions and changes in marketing, advertising and service payments as it adjusts spending for the shift to electric vehicles......»»
For its next growth wave, Gentex looks beyond its mirrors
Gentex CEO Steve Downing believes new technologies under development can help the supplier raise revenue by more than 40 percent......»»
DeepMind co-founder Mustafa Suleyman will run Microsoft’s new consumer AI unit
Most staffers from Suleyman's startup, Inflection, will join Microsoft as well. Enlarge / Mustafa Suleyman, talks on Day 1 of the AI Safety Summit at Bletchley Park at Bletchley Park on November 1, 2023 in Bletchley, England. (cr.....»»
Fords start $10M campaign to support Detroit youth
The Michigan Central Station Children's Endowment Campaign aims to raise at least $10 million by June, when Ford Motor Co. is reopening the depot as the heart of a new mobility campus......»»
Beware! The latest Windows 11 update might crash your PC
Reports on social media indicate that the routine security update for March causes Windows to crash upon startup, as well as other issues......»»
EV startup Fisker idles production, warns it may need to seek bankruptcy
Company says it is halting production for six weeks after missing required interest payment of about $8.4 million last week......»»
Saturday Citations: The volcanoes of Mars; Starship launched; "Try our new menu item," say Australian researchers
You never can tell when planetary scientists are going to discover a new giant volcano on Mars, but when it happens, I step out to the porch and raise my Lunar and Planetary Society Core-Mantle Boundary Rift Discovery flag so all the neighbors will k.....»»
A Startup Will Try to Mine Helium-3 on the Moon
The Earth is in short supply of helium-3. The lunar surface may hold the answer......»»
Apple acquires another AI startup focused on deep neural network generation
DarwinAI, a company known for making deep neural networks smaller and more efficient, has been snapped up by Apple prior to the release AI features in iOS 18.DarwinAI's technology could be used to bring more AI processing on-deviceGiven its privacy-o.....»»
FCC scraps old speed benchmark, says broadband should be at least 100Mbps
Standard of 100Mbps down and 20Mbps up replaces old 25Mbps/3Mbps benchmark. Enlarge (credit: Getty Images | Yuichiro Chino) The Federal Communications Commission today voted to raise its Internet speed benchmark for the.....»»