The SEC has updated the dollar threshold for a vehicle to be considered a “qualifying venture fund” to $12 million from $10 million. Qualified venture funds are a subset of venture funds that can raise from up to 250 accredited investors while also being exempt from having to register with the SEC as an investment […]
The SEC just made life a little easier for smaller VCs Read More »
Waymo said Tuesday it will start offering riders 24/7 access to curbside pickups and dropoffs at Phoenix Sky Harbor International Airport terminals 3 and 4 — yet another example of the Alphabet-owned company’s push to expand its robotaxi services. Waymo first started offering driverless trips to the Phoenix Airport in November 2022, but it was
Waymo expands its curbside robotaxi service to Phoenix airport Read More »
San Francisco-based data infrastructure startup Cribl has raised $319 million in a Series E funding tranche led by new investor GV (Alphabet’s corporate venture arm) with participation from GIC, CapitalG, IVP and CRV. Bringing Cribl’s total raised to $600 million, the cash injection values the company at $3.5 billion — up around 40% from Cribl’s
Data infrastructure startup Cribl raises $319M at a $3.5B valuation Read More »
Elon Musk has come out in support of California’s SB 1047, a bill that requires makers of very large AI models to create and document safeguards against those models causing serious harm. “This is a tough call and will make some people upset, but, all things considered, I think California should probably pass the SB
Elon Musk unexpectedly offers support for California’s AI bill Read More »
Apple announced today that Chief Financial Officer Luca Maestri will step away from his executive role, effective January 1. Kevan Parekh, Apple’s current VP of Financial Planning, will be promoted to CFO after 11 years at Apple. Maestri has been CFO at Apple since 2014, and he’s now transitioning to a different role in the
Apple will replace CFO Luca Maestri next year Read More »
The U.S. Federal Trade Commission (FTC) is requiring Care.com, a platform for gig workers in the elder-care and childcare space, to pay $8.5 million in refunds for deceiving caregivers who were looking for jobs, and making it difficult for families to cancel their paid memberships. The agency said on Monday that the company’s marketing messages
Care.com to pay customers $8.5M in FTC settlement for deceiving caregivers, families Read More »
Shared e-scooter startup Beam Mobility has placed hundreds of extra “phantom” scooters on city streets in Australia and New Zealand to avoid paying vehicle registration fees to local governments, according to a two-part report from The Australian. Cities place caps on the number of vehicles operators can deploy to avoid saturating streets and sidewalks with
The first defense startup to receive backing from Y Combinator, Ares Industries, launched earlier this week. In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a
Y Combinator backs its first defense startup, Ares Industries Read More »
Apple will be unveiling new products on September 10, with the announced phones going on sale on September 20, according to a report from Bloomberg’s Mark Gurman. That lineup will reportedly include the iPhone 16, with larger screens on the Pro models and a new button just for taking pictures. The phones should also support
Apple reportedly announcing iPhone 16 lineup and more on Sept. 10 Read More »
RealPage, which makes property management software, was sued Friday by the U.S. Justice Department and eight attorneys general for allegedly helping apartment and building managers around the country collude to drive up unit prices. The Richardson, Texas-based outfit is accused of contracting with rival landlords to absorb info about their rates and lease terms to
