Menlo Ventures, an early Uber investor, just led a $21 million round of funding in Kinetic, a startup making EV repairs quicker and less expensive.
Category: Technology
Amazon’s ditching the plastic air pillows in its boxes
The e-commerce company said it will replace plastic air pillows with paper fillers.
OpenAI competitor Anthropic announces its most powerful AI yet
The company said Claude 3.5 Sonnet is faster than its previous leading model, Claude 3 Opus, and is the first model from Anthropic’s new Claude 3.5 family.
Inside Europe’s tech hubs: Does London have what it takes to remain No. 1?
The U.K. is seen as one of the world’s biggest tech hubs behind the U.S. and China, but it is facing challenges ranging from Brexit to a weak IPO market.
X boss Elon Musk softens ‘go f— yourself’ comment as he tries to woo advertisers back
Elon Musk said his remark telling advertisers to “go f— yourself” was meant as a general point on free speech rather than a comment to the wider industry.
OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence
OpenAI co-founder Ilya Sutskever, who left the company in May, announced his new startup, which he’s calling Safe Superintelligence, or SSI.
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
British fintech firm Zilch says it’s raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public offering.
FTC refers TikTok complaint to Justice Department
The Federal Trade Commission said it’s referred its complaint against TikTok and ByteDance to the Department of Justice.
Amazon fined $5.9 million for over 59,000 violations of California labor laws
Officials investigated two Amazon warehouses in Southern California and found they “failed to provide written notice of quotas.”
Apple stops offering buy now, pay later loans in U.S.
Apple said it would no longer issue loans that enabled customers to buy products online and pay in four interest-free installments, at prices up to $1,000.