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Visa invests in India-based B2B payments platform PayMate’s $25M round

Visa invests in India-based B2B payments platform PayMate’s $25M round

PayMate, a Mumbai-based startup that helps businesses automate and digitize their payments, is raising $25 million in a new round, its founder said, as it looks to expand its presence within India and in international markets. In an interview with TechCrunch, Ajay Adiseshann, founder and CEO of PayMate, said the startup has already raised a substantial…
VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford. The deal, which has been rumored for months, is part of a broader alliance between VW Group and Ford that covers autonomous and…
UK government invests $194M to commercialize quantum computing

UK government invests $194M to commercialize quantum computing

The UK government today announced a £153 million investment into efforts to commercialize quantum computing. That’s about $193 million and with additional commitments from numerous industry players, that number goes up to over $440 million. With this, the UK’s National Quantum Technologies Programme has now passed £1 billion (or about $1.27 billion) in investments since…

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Amazon responds to a U.S. Senator’s inquiry, confirms Alexa voice records...

Amazon has responded to a letter of inquiring it received from U.S. Senator Chris Coons (D-DE) which asks the company to detail what happens to customers’ Alexa voice records and data after they speak to their virtual assistant. The Senator’s letter was prompted by a CNET investigation in May, which found that Amazon keeps voice…

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