Wholesale marketplace Abound raises $22.9M
Abound, an online marketplace that helps independent retailers stock their shelves with new products from up-and-coming brands, is announcing that it has raised $22.9 million in its first institutional round of funding. CEO Bill Shope founded the com.....»»
Cars.com Q2 net income jumps from one-time use of valuation allowance
Price increases and acquisitions are fueling more revenue growth, but dealership marketplace churn grew more than analysts expected......»»
Endor Labs raises $70 million to expand into other areas of code and pipeline security
Endor Labs raises $70 million in oversubscribed Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and over 30 industry-leading CEOs, CISOs, and CTOs. Arif Janmohamed of Lightspeed, Sri Viswanat.....»»
Aurora raises $853 million while self-driving truck competitors falter
Self-driving trucking company Aurora Innovation expects to have $1.6 billion to carry it through its planned commercial launch at the end of 2024 and into the second half of 2025......»»
Aptiv raises full-year sales forecast after swinging to $229M net profit in Q2
The auto technology supplier, which counts GM, Ford and Tesla among its customers, expects 2023 revenue to rise between $19.95 billion and $20.25 billion from its prior range of $18.7 billion to $19.3 billion......»»
Etsy U-turn in row over withholding sellers" money
The online marketplace faced calls from sellers to boycott its site over money being held in reserve......»»
Cyble raises $24 million to enhance its AI-driven security solutions
Cyble has been steadily gaining recognition as the favored solution for Dark Web and Threat Intelligence among cybersecurity specialists. They just announced a $24 million injection of capital through Series B funding. The funding round, co-led by Bl.....»»
Discovery of Elusive "Einstein" Tile Raises More Questions Than It Answers
A surprisingly simple answer to a mathematical puzzle intrigues the math world.....»»
TD Cowen raises AAPL target to $220 as iPhone demand in China, India grows
TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.Apple is announcing its Q3 2023 quarterly results on Thursday, and continuing with analyst.....»»
Ford posts $1.9B Q2 net income, raises guidance but forecasts larger EV losses
Ford made $2.3 billion from its gasoline-powered vehicle business and $2.4 billion from its commercial unit but lost $1.1 billion on EVs......»»
Ford posts $1.9B Q2 net income, raises full-year profit outlook
Ford made $2.3 billion from its gasoline-powered vehicle business and $2.4 billion from its commercial unit but lost $1.1 billion on EVs......»»
Do smartphones belong in classrooms? Four scholars weigh in
Should smartphones be allowed in classrooms? A new report from UNESCO, the education arm of the United Nations, raises questions about the practice. Though smartphones can be used for educational purposes, the report says the devices also disrupt cla.....»»
Protect AI raises $35 million to help organizations build safer AI
Protect AI has closed a $35 million Series A round of funding led by Evolution Equity Partners with participation from Salesforce Ventures and existing investors Acrew Capital, boldstart ventures, Knollwood Capital and Pelion Ventures. To date, the c.....»»
OpenAI discontinues its AI writing detector due to “low rate of accuracy”
Research shows that any AI writing detector can be defeated—and false positives abound. Enlarge / An AI-generated image of a slot machine in a desert. (credit: Midjourney) On Thursday, OpenAI quietly pulled its AI Clas.....»»
Fed raises interest rates 0.25 of a point as new-car loans loom at 7%
The Federal Reserve on Wednesday, July 26, increased its benchmark rate target 0.25 points to 5.25-5.5 percent,a decision that could leave auto dealerships and customers dealing with higher interest rates on car loans. New-vehicle auto loans were up.....»»
GM reports 52% surge in Q2 net income, raises 2023 guidance a second time
The automaker raised its guidance for the second consecutive quarter and said it would cut an additional $1 billion in costs over the next two years......»»
Spotify raises premium subscription price for millions
For the first time since 2011, Spotify confirms a price hike for about 200m ad-free subscribers......»»
OneTrust raises $150 million to accelerate platform innovation
OneTrust announced a $150 million funding round. This capital will bolster OneTrust’s continued growth to meet customer demand for trust intelligence software. The round was led by new investor Generation Investment Management with participatio.....»»
Would you wear these new sneakers designed by AI?
The *airegan line of sneakers raises interesting questions about design authorship, intellectual property, and how much AI is changing the creative process. Branded is a weekly column devoted to the intersection of marketing, business, design,.....»»
Cosmic Wire raises $30M to expand cross-chain Web3 platform
Cosmic Wire will use the funding to speed development of a decentralized (cross-chain), transparent and secure Web3 and blockchain ecosystem. Cosmic Wire will use the funding to speed development of a decentralized (cross-chain), transparent and.....»»
Wholesale used-car pricing set to rebound
Used-car demand may pick up as wholesale price declines in the second quarter trickle through to retail pricing, according to Cox Automotive. However, tight supply complicates things......»»