Shipping logistics startup Harbor Lab raises $16M Series A led by Atomico

Posted on May 15, 2024 by Techme101

Cargo ships docking at a commercial port incur costs called “disbursements” and “port call expenses.” This might be port dues, towage, and pilotage fees. It’s a complex patchwork and all ports operate their own procedures, much of it on spreadsheets.  The global cost from port calls, for all vessels, is over $220 billion dollars per […]
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AWS confirms European ‘sovereign cloud’ to launch in Germany by 2025, plans €7.8B investment over 15 years

Posted on May 15, 2024 by Techme101

Amazon Web Services (AWS), Amazon’s cloud computing business, has confirmed further details of its European “sovereign cloud” which is designed to enable greater data residency across the region. The company said that the first AWS sovereign cloud region will be in the German state of Brandenburg, and will go live by the end of 2025. […]
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Baidu’s robotaxi unit expects to turn profitable next year

Posted on May 15, 2024 by Techme101

The projection comes as Elon Musk has emphasized his plans to build up Tesla’s robotaxi efforts amid a decline in revenue. 

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Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO

Posted on May 15, 2024 by Techme101

Go Digit, an Indian insurance startup, has raised $141 million from investors including Goldman Sachs, ADIA, and Morgan Stanley as part of its IPO.
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Food VC Peakbridge has new $187M fund to transform future of food, like lab-made cocoa

Posted on May 15, 2024 by Techme101

Peakbridge intends to invest in between 16 and 20 companies, investing around $10 million in each company. It has made eight investments so far.
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Accion’s new $152.5M fund will back financial institutions serving small businesses globally

Posted on May 15, 2024 by Techme101

For over six decades, the nonprofit has been active in the financial services sector.
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Threads finally starts its own fact-checking program

Posted on May 15, 2024 by Techme101

Meta’s newest social network, Threads is starting its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months. Instagram head Adam Mosseri noted that the company “recently” rolled out the ability for fact-checkers to rate and mark false content on Threads. However, Mosseri didn’t share any details about when exactly the […]
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‘Chinese social media turned me from Ukrainian to Russian’

Posted on May 15, 2024 by Techme101

As generative AI develops so quickly, regulating it and protecting people has become a challenge.

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OpenAI’s Chief AI Wizard, Ilya Sutskever, Is Leaving the Company

Posted on May 15, 2024 by Techme101

One day after OpenAI showed off an all-new, emotional version of ChatGPT, the company announced that chief scientist Ilya Sutskever is leaving the company. He had voted in November to fire CEO Sam Altman.

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Looking Glass launches new 3D displays

Posted on May 15, 2024 by Techme101

Looking Glass makes trippy-looking mixed-reality screens that make things look 3D without the need of special glasses. Today, it launches a pair of new displays, including a 16-inch mode that runs $4,000. There’s also a 32-inch display, with a ‘if you have to ask how much it costs you can’t afford it’ price tag. The […]
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