Venture capital
Alphabet’s self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty Images Waymo has closed a $5.6 billion funding round to expand its robotaxi service in and beyond Los Angeles, San Francisco and Phoenix, where it operates today. The autonomous vehicle venture is owned […]
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Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can […]
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Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Rolling up to the stage in a Cybercab almost an hour […]
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Grab CEO Anthony Tan gives his no. 1 piece of advice for aspiring entrepreneurs
Anthony Tan is the co-founder and CEO of Grab. Courtesy of From the outside, it looks like Anthony Tan’s got it all — the family, the wealthy upbringing and the success. Today, he is the head honcho of one of Southeast Asia’s biggest tech companies, Grab — but he’ll be the first to say that […]
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Amazon cashierless tech competitor Grabango shutters after failing to secure funding
Grabango’s mobile app Grabango Grabango, a venture-backed startup that was vying to take on Amazon in cashierless checkout technology, is shutting down after it was unable to raise enough money to stay afloat. “Although the company established itself as a leader in checkout-free technology, it was not able to secure the funding it needed to […]
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Brazil lifts ban on X after Elon Musk complies with court orders
The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty Images Elon Musk’s X is getting back up and running in Brazil after […]
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Uber gives users option to only hail full-electric vehicles, launches AI chatbot for the EV-curious
Uber is driving on the road in Krakow, Poland, on July 4, 2024. Nurphoto | Nurphoto | Getty Images Uber CEO Dara Khosrowshahi on Tuesday announced that the company is updating its platform with new sustainability-minded features, including an “EV preference” that will let customers opt for fully electric vehicles by default, whenever they hail […]
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How I built a $2 billion a year super app called Grab: ’20 hour’ work days
Anthony Tan didn’t need to start a business to be rich. He grew up as the youngest of three sons in one of Malaysia’s wealthiest families. His father, Tan Heng Chew, is the president of Tan Chong Motor, a multinational automobile distributor founded by Tan’s grandfather in the 1950s, that’s publicly listed on the Kuala […]
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Elon Musk’s X will be allowed back online in Brazil after paying one more fine
The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty Images X has to pay one last fine before the social network owned […]
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Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
Combinations showing Entrepreneur Elon Musk (L) and Brazil Supreme Court Justice Alexandre de Moraes (R) Reuters (L) | Getty Images (R) Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The fines, imposed by Brazil’s […]
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