Ford and Google are entering a six-year deal that will make the tech giant responsible for much of the automaker’s growing in-vehicle connectivity. Google will also provide cloud computing and other technology services. The partnership announced Monday is designed to streamline Ford’s operations and accelerate an ongoing $11 billion restructuring plan. It marks a major…
Robotic process automation platform UiPath raises $750M at $35B valuation
UiPath, one of the leaders in the quickly growing robotic process automation (RPA) space, announced Monday that it has closed on $750 million in Series F funding at a staggering post-money valuation of $35 billion. Existing backers Alkeon Capital and Coatue co-led the round, which also included participation from other returning investors such as Altimeter…
SpaceX To Send Four Civilians To The Space Using A Reusable Rocket, Mission Inspiration 4
Elon Musk’s SpaceX is creating history and how. The aerospace giant has decided to launch the first-ever all-civilians mission to space sometime in the fourth quarter of the year. Named Inspiration 4, the SpaceX mission will send four people on a multi-day trip into low-earth orbit. The vehicle chosen for the historic expedition is the…
Visa backed Anchorage gets a federal bank charter
A startup called Anchorage announced on Wednesday that it has become the first cryptocurrency company to receive a federal charter from the Office of the Comptroller of the Currency. Wonky and technical as it sounds, the news is a significant milestone for the burgeoning crypto industry, since it provides a legal green light for big…
The World’s Largest Asset Manager Blackrock Allows Two Of Its Funds To Invest In Cryptocurrency
BlackRock has authorized two of its funds to invest in bitcoin futures, according to filings released Wednesday with the Securities and Exchange Commission. The move allows exposure to cryptocurrencies for clients of the world’s largest asset manager for the first time.The $8.7 trillion asset manager said it could use bitcoin derivatives, among other assets, under…
Big Data Crunching Company Databricks Attracts $1 Billion Funding From Amazon, Google, Microsoft’s Venture Arms
Databricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Amazon Web Services, Alphabet’s CapitalG venture arm and Salesforce Ventures all joined in, according to a statement. Microsoft, which…
Microsoft Invests $2 Billion Into Autonomous Vehicle Company Cruise
Cruise has raised $2 billion in a new equity round that has pushed its valuation up to $30 billion and delivered Microsoft as an investor and partner. GM, Honda and other institutional investors have also put more capital into Cruise as the autonomous vehicle company inches closer to commercializing its technology. While Microsoft’s capital is…
How Will Elon Musk’s $100 Million XPRIZE Work For Carbon Removal
Elon Musk notified the world that he would be donating $100 million to pursue new technologies for carbon capture, methods through which carbon dioxide can be actively extracted from the atmosphere as a means to help stave off climate change. As TechCrunch reported in January when he made the tweet, Musk’s sizeable pool of monetary…
Rocket StartUp Astra To Go Public In Race For Commercial Space
The rocket start-up Astra plans to go public, the company announced Tuesday, raising $500 million to bolster its position in the burgeoning market for space transportation. In a deal valued at $2.1 billion, Astra would become the first publicly traded company dedicated to delivering satellites into Earth’s orbit. The Alameda, Calif.-based rocket-maker intends to go…
2020 – A Recap
A decade on, i continue my yearly ritual 1.Till the beginning of October, the year 2020 went pretty well for me inspite of the pandemic and the innumerable hardships faced by everyone around us. And then on October 6th , disaster struck as my brother passed away and it was the most terrible feeling i…
Happy New Year 2021
Wishing you beautiful moments, treasured memories and all the blessings this new year will bring. +++
Merry Christmas 2020
Wishing all of you and your loved ones Merry Christmas and the best wishes of the season. Have a great holiday with family & friends. +++
