Category: Uncategorized

Self-driving truck startup Kodiak Robotics plans to go public via a merger with special purpose acquisition company Ares Acquisition Corporation II. The transaction values Kodiak, which has raised around $243 million to date, at about $2.5 billion pre-money. New and existing Kodiak institutional investors, like Soros Fund Management, ARK Investments, and Ares, have funded or… Read more

The crosswalk buttons, which include audio alerts, were hacked over the weekend. Read more

Nvidia says it has commissioned more than a million square feet of manufacturing space to build and test AI chips in Arizona and Texas as part of an effort to move a portion of production to the U.S. The chipmaker says that Nvidia Blackwell chips have started production at TSMC’s chip plants in Phoenix, Arizona,… Read more

A handful of engineers who worked at Lucid Motors and on Apple’s electric car project have launched a new startup that puts a fresh spin on electric hub motors. The new startup, called Conifer, has developed its motor to be free of rare earth elements by using more abundant ferrite magnets, which the company says… Read more

Intel on Monday announced that it has entered into a definitive agreement to sell 51% of its Altera semiconductor business to Silver Lake, a private equity firm. The deal, which values Altera at $8.75 billion, will make Altera “operationally independent,” Intel said in a press release. Intel will retain 49% ownership in Altera, which will… Read more

Demand for solar energy in power-starved Nigeria has soared in the last decade thanks to worsening grid reliability and rising fuel costs. That’s drawn investor interest to Arnergy, a cleantech startup meeting that need. The company just raised a $15 million Series B extension (on top of a $3 million B1 round last year), bringing… Read more

According to Dealroom data cited by the Financial Times, British start-ups raised just £16.2 billion last year, far less than the more than £65 billion raised by their counterparts in Silicon Valley during the same period. In fact, the U.S. appears to be pulling further ahead each year. In 2024, 57% of global venture capital… Read more

OpenAI may soon require organizations to complete an ID verification process in order to access certain future AI models, according to a support page published to the company’s website last week. The verification process, called Verified Organization, is “a new way for developers to unlock access to the most advanced models and capabilities on the… Read more

Apple isn’t giving up on its mixed reality headset the Vision Pro, according to Bloomberg’s Mark Gurman. The company has been debating the best direction forward for the product after disappointing sales, Gurman says, but is now moving forward with two different models. One would address probably the two biggest complaints about the initial product… Read more

The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10%… Read more