U.S. autonomous drone delivery and logistics startup Zipline said Wednesday it will set up operations in Houston and Phoenix early this year, as part of an expansion that will be propelled by $600 million in fresh investment. The round, which values the company at $7.6 billion, will be used to expand to at least four…
VCs who have backed OpenEvidence are apparently not worried about new health information products from OpenAI and Anthropic. On Wednesday, the startup announced that it raised an additional $250 million in Series D funding at a $12 billion valuation, co-led by Thrive Capital and DST. That’s double the valuation from its last raise in October:…
For a new generation, 2016 is now known as “the last good year.“ Since the new year, Instagram has been taken over by a 2016-themed “add yours” sticker, which prompts users to post throwback photos from 2016. Users have posted more than 5.2 million responses, creating enough buzz to spill over onto other platforms. On…
Digital insurance company Lemonade is launching a product for users of Tesla’s advanced driver assistance system, known as Full Self-Driving (Supervised), which the insurer promises will cut per-mile rates by “approximately 50%.” It’s one of the first products geared toward pricing insurance based on how software systems handle driving, and a sign that companies may…
Faisal IslamEconomics editor Getty Images I was in the room and saw President Trump enter and it’s fair to say he got a good welcome from the crowd, certainly at the beginning. A standing ovation. On top of that, there was an astonishing scrum to try to get in, with many turned away – even…
Deepinder Goyal, the co-founder and CEO of food delivery service Zomato and its parent Eternal, is stepping down from his role and handing the top job to Albinder Dhindsa, the CEO of its quick-commerce division Blinkit. Goyal on Wednesday said he would remain on Eternal’s board as vice chairman as he shifts focus to “higher-risk…
The ground beneath our feet holds so much energy that experts at the Department of Energy (DOE) think geothermal power could generate 60 gigawatts —or nearly 10% of U.S. electricity — by 2050. Zanskar co-founder and CEO Carl Hoiland thinks that lofty number is too low, mostly because it’s discounting conventional geothermal’s potential. The DOE’s…
Competition between the United States and China could help drive global progress, but only if both powers exercise restraint in sensitive areas such as nuclear technology and artificial intelligence, Singapore President Tharman Shanmugaratnam has said. Speaking at the annual meeting of the World Economic Forum in Davos on Wednesday, Tharman stressed that broad innovation benefits…
I have long dreamed of a better world: one where I would unlock my phone to find a notification that my grandma has challenged me to a game of Scrabble. I would play my word. She would play hers. We would play back and forth over a few days, and the entire time, neither of…
Language learning marketplace Preply is now valued at $1.2 billion after raising a $150 million Series D round that marks a new chapter for the 14-year-old company, whose previous backers include Horizon Capital, Hoxton Ventures, Owl Ventures and Techstars Berlin. While Preply has been connecting language learners with tutors since 2013, it has now been…
