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HPE is buying Cray for $1.3 billion
May 17, 1:50PM
HPE announced it was buying Cray for $1.3 billion, giving it access to the company’s high performance computing portfolio, and perhaps a foothold into quantum computing in the future. The purchase price was $35 a share, a $5.19 premium over yesterday’s close of $29.81 a share. Cray was founded in the 1970s and for a […]
MP Tom Watson wants UK competition authority to investigate Amazon's Deliveroo stake
May 17, 1:22PM
European restaurant delivery giant Deliveroo this morning announced that Amazon would be gobbling up a share in the company, by leading a new $575 million round of funding in it. But it looks like the e-commerce giant may be facing a little indigestion ahead. Tom Watson, MP and deputy leader of the Labour Party, today […]
Minecraft Earth makes the whole real world your very own blocky realm
May 17, 1:01PM
When your game tops a hundred million players, your thoughts naturally turn to doubling that number. That's the case with the creators, or rather stewards, of Minecraft at Microsoft, where the game has become a product category unto itself. And now it is making its biggest leap yet — to a real-world augmented reality game in the vein of Pokemon GO, called Minecraft Earth.
Health[at]Scale lands $16M Series A to bring machine learning to healthcare
May 17, 1:00PM
Health[at]Scale, a startup with founders who have both medical and engineering expertise, wants to bring machine learning to bear on healthcare treatment options to produce outcomes with better results and less aftercare. Today the company announced a $16 million Series A. Optum, which is part of the UnitedHealth Group, was the sole investor . Today, […]
LG developed its own AI chip to make its smart home products even smarter
May 17, 12:04PM
As its once-strong mobile division continues to slide, LG is picking up its focus on emerging tech. The company has pushed automotive, and particularly its self-driving capabilities, and today it doubled down on its smart home play with the announcement of its own artificial intelligence (AI) chip. LG said the new chip includes its own […]
Unpacking Away's $1.4B valuation, the startup studio model and CrowdStrike's S-1
May 17, 12:00PM
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines.
Tutor House, the UK-based tutoring platform, scores £2M from Fuel Ventures
May 17, 11:02AM
Tutor House, a U.K.-based startup that operates a marketplace to let parents find an online or in-person tutor for their children, has raises £2 million in funding. Backing the round, the first for the young company, is Fuel Ventures, the London-based VC and startup builder set up by Mark Pearson of MyVoucherCodes fame. Fuel Ventures […]
Trump's Huawei ban 'wins' one trade battle, but the US may lose the networking war
May 17, 8:49AM
While U.S. government officials celebrate what they must consider to be a win in their battle against the low-cost, high-performance networking vendor Huawei and other Chinese hardware manufacturers, the country is at risk of falling seriously behind in the broader, global competition for telecom tech and customers. It may be a race that the U.S. […]
Macron defends his startup-friendly policies
May 17, 8:10AM
For the third year as president, France's president Emmanuel Macron talked to the French tech ecosystem at VivaTech in Paris. This time, he used this opportunity to defend his policies so far and say that tech startups have nearly everything they need to succeed Frichti's Julia Bijaoui, TransferWise's Flora Coleman, OpenClassrooms' Pierre Dubuc, Vinted's Thomas […]
China's Luckin Coffee raises up to $651M in upsized US IPO
May 17, 7:43AM
Another week, another cash-burning tech IPO in the U.S. Following on from Uber’s high-profile listing, ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after it priced its shares at $17. Despite concern at its high losses and little chance of near-term profitability, Luckin seems to have been greeted positively […]
Amazon leads $575M investment in Deliveroo
May 17, 6:53AM
Amazon is taking a slice of Europe’s food delivery market after the U.S. e-commerce giant led a $575 million investment in Deliveroo . First reported by Sky yesterday, the Series G round was confirmed in an early UK morning announcement from Deliveroo, which said also that existing backers including T. Rowe Price, Fidelity Management and […]
Chat app Line is adding Snap-style disappearing stories
May 17, 4:38AM
Facebook cloning Snap to death may be old news, but others are only just following suit. Line, the Japanese messaging app that’s popular in Asia, just became the latest to clone Snap’s ephemeral story concept. The company announced today that it is adding stories that disappear after 24-hours to its timeline feature, a social network like […]
Chelsea Manning is back in jail after refusing to cooperate with WikiLeaks investigation
May 17, 3:32AM
Following a week-long release from an Alexandria, Virginia detention center, Chelsea Manning is back in jail. Manning was jailed in March for her refusal to cooperate with a grand jury investigation into WikiLeaks. Manning has made her position on the grand jury well known and refuses to cooperate with its proceedings on principle. Her release […]
Baidu, China's answer to Google, reports first quarterly loss since 2005
May 17, 12:08AM
Baidu, heralded as the Google of China, felt the heat from its continued spending on artificial intelligence and other next-gen technologies that have yet to reach the mass market as it unveiled troubled first-quarter financials on Thursday. The company logged a net loss attributable to shareholders of $49 million in the quarter ended March 31, […]
Asus' $499 ZenFone 6 has a flip-up camera and a giant battery
May 16, 10:33PM
Premium smartphone manufacturers have moved the needle on pricing, but 2019 may well go down as a kind of golden age for budget flagships. Apple, Google and Samsung are all in that business now, and OnePlus has once again shown the world how to offer more for less. And then there's the new ZenFone. It's […]
Retail Zipline raises $9.6M from Emergence and Serena Williams
May 16, 10:33PM
Retail Zipline, a startup aiming to improve communication between retail stores and corporate decision makers, announced today that it has raised $9.6 million in Series A funding. CEO Melissa Wong previously worked in corporate communications for Old Navy, where she said she saw “such a disconnect between what was decided in headquarters and what was […]
Stack Overflow confirms breach, but customer data said to be unaffected
May 16, 10:04PM
Developer knowledge sharing site Stack Overflow has confirmed hackers breached its systems, but said customer data is unaffected. “Over the weekend, there was an attack on Stack Overflow,” wrote Mary Ferguson, vice president of engineering. “We have confirmed that some level of production access was gained on May 11.” “We discovered and investigated the extent […]
The case for corporates to fill the seed vacuum
May 16, 9:00PM
Over the past 5 years, there has been a clear drop in seed investing. From 2010-2014 there was an influx of "micro" VCs, well-equipped to deploy seed capital. Since then, we've seen a gradual decline.
Part fund, part accelerator, Contrary Capital invests in student entrepreneurs
May 16, 8:48PM
Contrary Capital is raising $35 million to invest between $50,000 and $200,000 in students and recent college dropouts.
A year after outcry, carriers are finally stopping sale of location data, letters to FCC show
May 16, 8:40PM
Reports emerged a year ago that all the major cellular carriers in the U.S. were selling location data to third-party companies, which in turn sold them to pretty much anyone willing to pay. New letters published by the FCC show that despite a year of scrutiny and anger, the carriers have only recently put an […]
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