In a slowing market, venture investor Canaan still closes $850M across two new funds

The market is slowing down, but that’s not stopping Canaan, a 35-year-old early stage venture firm that invests in both tech and healthcare. It just closed on $850 million... Read more »

Amazon’s $1.7B iRobot acquisition scrutinized by UK on competition grounds

The U.K.’s Competition and Markets Authority (CMA) has confirmed that it’s assessing Amazon’s proposed acquisition of robot vacuum maker iRobot. The case is still at its earliest possible stage,... Read more »

Twitter’s new feature will show ‘half ads’ to Blue subscribers

Twitter is rolling out additional features for Blue subscribers including showing 50% of ads in their timeline compared to non-paid users and a visibility boost in search. Elon Musk... Read more »

That slowdown you’re feeling, by the numbers

It’s more than a feeling. According to new data coming out from the research firm Pitchbook and the National Venture Capital Association, venture firms are raising — and deploying —... Read more »

Google to prohibit personal loan apps from accessing user photos, contacts

Google plans to restrict apps that offer loan to individuals from accessing sensitive user data such as photos, videos and contacts, as the Android maker steps up its response... Read more »

Tesla more than tripled its Austin gigafactory workforce in 2022

Tesla’s 2,500-acre manufacturing hub in Austin, Texas tripled its workforce last year, according to the company’s annual compliance report filed with county officials. Bloomberg first reported on the news.... Read more »

For SUVs and EVs, subtlety is out and plundering nature is in

Here in America, we like our steaks juicy, our tax subsidies to go to sports stadiums and our SUVs and crossovers to look as if they could venture into... Read more »

Lux Capital ditches its opportunity fund in latest fundraise

Lux Capital, known for investing in life science and frontier tech startups, is back in the market to fundraise for its latest vehicle — but this time without a... Read more »

Our favorite startups from YC’s Winter 2023 Demo Day — Part 1

Here’s a crazy statistic: More than half of the companies in Y Combinator’s latest cohort were accepted to the accelerator with only an idea, no minimum viable product or... Read more »

Saudi’s Savvy Games Group to acquire mobile games company Scopely for $4.9 billion

Savvy Games Group, a games and esports company that is part of the Saudi government’s Public Investment Fund, has agreed to acquire mobile games studio Scopely for $4.9 billion.... Read more »
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