Applied AI research company Fundamental Research Labs (formerly known as Altera) announced today that it has raised $33 million in Series A funding led by Prosus with participation from Stripe co-founder and CEO Patrick Collison. The company has a curious structure, as it is working on multiple AI applications in different fields. When it raised…
Nintendo is raising the prices of its original Nintendo Switch game consoles, the company announced on Friday. The price increases, which are taking effect on August 3, are due to “market conditions,” Nintendo says. The company’s reference to “market conditions” likely hints at President Donald Trump’s tariffs. The affected products include the Nintendo Switch —…
A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury assessed punitive damages only against Tesla, CNBC reported. The punitive fines coupled with a compensatory damages puts the total payments to around $242.5 million….
CRV has secured $750 million toward the 55-year-old venture firm’s twentieth flagship fund, it announced on Friday. The new fund is smaller than the $1 billion early-stage fund CRV closed in the fall of 2022. At that time, the firm also announced a $500 million second Select fund, a capital pool for backing late-stage rounds…
Even while the tech industry is still fanning its face over Figma’s hot IPO on Thursday, another significant tech IPO occurred this week: Ambiq Micro. On Wednesday, the chip maker for wearable devices saw its shares climb from the initial price of $24 to over $42 on Friday. There’s one thing both companies have in…
Earlier in July, U.S. Secretary of Commerce Howard Lutnick gave chipmakers like Nvidia the green light to start selling certain AI chips in China again, but his department is said to be holding things up. According to reporting from Reuters, Nvidia has yet to receive a license to sell its H20 AI chips. The U.S….
A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury awarded the plaintiffs $329 million in punitive and compensatory damages. Neither the driver of the car nor the Autopilot system braked in time to…
A jury in federal court in Miami has found Tesla partly to blame for a fatal 2019 crash that involved the use of the company’s Autopilot driver assistance system. The jury awarded the plaintiffs $200 million in punitive damages, along with compensatory damages. Neither the driver of the car nor the Autopilot system braked in…
Google has backed STAN, an Indian social gaming platform that connects gamers with creators, communities, and publishers. Google’s investment comes as part of an $8.5 million equity funding round, which also saw investment from Japanese gaming giants Bandai Namco Entertainment, Square Enix, and Reazon Holdings. Aptos Labs and King River Capital, as well as existing…
Even weeks after the revelation that Google paid Windsurf $2.4 billion to license its technology, while simultaneously hiring away its CEO and top talent, the deal’s implications are still rattling some founders and startup employees across Silicon Valley. Google’s payment to the startup was effectively split in two equal parts, according to two people familiar…
