Tuesday, March 31, 2020
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New York’s ERA invests in esports org Gen.G

New York’s ERA invests in esports org Gen.G

Esports are the wild wild West right now. There’s clearly a huge potential for the industry to become incredibly lucrative, but everything from the infrastructure of competition to the overall culture isn’t quite ready for prime time. This introduces a huge opportunity for the tech world to get in on the action. We’ve seen traditional…
Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm

Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm

Volvo is making an investment in Palo Alto-based Apex.AI, a startup working on developing a robotic operating system qualified for use in production automobiles. Apex.AI, founded by automated systems engineers Jan Becker and Dejan Pangercic, raised $15.5 million in a Series A last November, and revealed that its focus is on developing an enterprise-focused version…
Samsung invests $500M to set up a smartphone display plant in India – TechCrunch

Samsung invests $500M to set up a smartphone display plant in India – TechCrunch

Samsung, which once led India’s smartphone market, is investing $500 million in its India operations to set up a manufacturing plant at the outskirts of New Delhi to produce displays. The company disclosed the investment and its plan in a filing to the local regulator earlier this month. The South Korean giant said the plant…
Airbnb invests as Zeus corporate housing raises $55M at $205M

Airbnb invests as Zeus corporate housing raises $55M at $205M

As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living and will…
A venture firm that invests ‘from Park City to Kansas City’ just closed its third fund

A venture firm that invests ‘from Park City to Kansas City’ just closed its...

Sometimes, in venture capital, it pays to specialize. The latest indicator is a Kansas City, Mo.-based venture firm that’s focused on seed-stage startups that are based anywhere from “Park City to Kansas City.” According to an SEC filing, it just closed on $16.4 million in capital commitments. It’s the third fund for the outfit, Royal…

Toyota invests $394M in flying taxis

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Facebook invests $100M in journalism as COVID-19 makes it more vital than ever

Facebook invests $100M in journalism as COVID-19 makes it more vital than ever

Facebook has pledged to invest $100 million in the news industry at a time when the ongoing coronavirus pandemic means that accurate reporting is more important than ever. $25 million will be provided in grant funding for local news through the Facebook Journalism Project, while the remaining $75 million will come in the form of…
Samsung invests $500M to set up a smartphone display plant in India

Samsung invests $500M to set up a smartphone display plant in India

Samsung, which once led India’s smartphone market, is investing $500 million in its India operations to set up a manufacturing plant at the outskirts of New Delhi to produce displays. The company disclosed the investment and its plan in a filing to the local regulator earlier this month. The South Korean giant said the plant…
Porsche invests in ‘low visibility’ sensor startup TriEye

Porsche invests in ‘low visibility’ sensor startup TriEye

Porsche’s venture arm has acquired a minority stake in TriEye, an Israeli startup that’s working on a sensor technology to help vehicle driver-assistance and self-driving systems see better in poor weather conditions like dust, fog and rain. The strategic investment is part of a Series A financing round that has been expanded to $19 million.…
Microsoft invests $1 billion in OpenAI to pursue holy grail of artificial intelligence

Microsoft invests $1 billion in OpenAI to pursue holy grail of artificial intelligence

Microsoft is investing $1 billion in OpenAI, a San Francisco-based research lab founded by Silicon Valley luminaries, including Elon Musk and Sam Altman, that’s dedicated to creating artificial general intelligence (AGI). The investment will make Microsoft the “exclusive” provider of cloud computing services to OpenAI, and the two companies will work together to develop new…

APLICATIONS

Tinder’s interactive video series ‘Swipe Night’ is going international next year

Tinder’s big experiment with interactive content — the recently launched in-app series called Swipe Night — was a success. According to Tinder parent company Match during its Q3 earnings this week, “millions” of Tinder users tuned into to watch the show’s episodes during its run in October, and this drove double-digit increases in both matches and messages. As a…

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