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Ontario Teachers’ fund backs Indian logistics unicorn Xpressbees in $80 million funding
Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture growth fund amid a surge in the country’s online shopping activity. … Continue reading
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Everything announced at OpenAI’s first developer event
OpenAI held its first developer event on Monday and it was action-packed. The company launched improved models to new APIs. Here is a summary of all announcements in case you missed the event. ChatGPT’s user milestone After a year of … Continue reading
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GM halts production of Cruise Origin robotaxi amid suspended operations
Cruise is pausing production of its purpose-built robotaxi, the Origin — the autonomous vehicle company’s latest setback amid suspended operations and increased scrutiny from regulators. Forbes first reported the news, citing audio of Cruise CEO Kyle Vogt’s address at an … Continue reading
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Mamaearth makes public debut, youngest Indian unicorn to list
Shares of Honasa Consumer, the parent firm of direct-to-commerce beauty and personal care Mamaearth, jumped slightly in a key public listing watched by many Indian startups as they evaluate their own initial public offerings. Mamaearth, a seven-year-old company, was trading … Continue reading
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WeWork files for bankruptcy in the US
The co-working firm, once seen as the future of the office, has been plagued by financial problems.
Italy to seize $835m from Airbnb in tax evasion inquiry
Prosecutors say the firm failed to collect a 21% tax from landlords on rental income.
WeWork, once worth $47 billion, files for bankruptcy
Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank. The New York-based firm has listed both assets and liabilities in the … Continue reading
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Why this autonomous vehicle veteran joined a legged robotics startup
Zhang Li‘s career path has looked like a bellwether for China’s tech trends. When the Cisco veteran joined WeRide in 2018, the Chinese autonomous vehicle company was less than a year old. In the next few years, the country would … Continue reading
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Cruise confirms robotaxis rely on human assistance every four to five miles
Cruise recently took the drastic move of grounding all of its driverless operations following a collision that injured a pedestrian in San Francisco.
OpenAI DevDay: OpenAI Announces GPT-4 Turbo and GPT Tool Builder Store
GPT-4 Turbo, which is in preview for developers, can call on information as recent as April 2023. And, OpenAI revealed a new way for developers to build AI tools.
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