• 30
    Dec

    RentPath drops acquisition deal with CoStar after FTC antitrust lawsuit

    RentPath, owner of property listing sites including Rent.com and Apartment Guide, said today it has cancelled its agreement to be acquired by CoStar Group after the Federal Trade Commission sued to block the sale. CoStar, a commercial real estate data and analytics provider that also operates listing sites like Apartments.com and ApartmentFinder.com, agreed in February to buy RentPath for $588 million. The all-cash deal came ...
  • 30
    Dec

    Amazon eyes launching its computer science education program in India

    Amazon is planning to extend its computer science program Future Engineer to India, demonstrating its growing interest in the education space in the world’s second largest internet market. In a job recruitment post, the company said that initial research for Amazon Future Engineer, through which it aims to bring computer science education to underserved and underrepresented children and young adults, in India is “currently underway” ...
  • 29
    Dec

    AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its ...

    31
    0
    Applications based on artificial intelligence — whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks, or something else altogether — require an unprecedented amount of computing power to run. And today, one of the big names in the world of designing and building ...
  • 29
    Dec

    New FAA rule requires Remote ID for drones

    25
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    The FAA today announced that it will be issuing two new rules for drone pilots in the U.S. The first is the implementation of a long-awaited Remote ID. The system effectively works as a kind of digital license plate for unmanned aircraft, broadcasting identifying details, including the location of the craft. The full text of the finalized new rule can be found here. ...
  • 28
    Dec

    Indian startups raised $9.3 billion in 2020

    The coronavirus pandemic — and a handful of other factors — slowed dealmaking for startups in India this year. Compared to their record $14.5 billion fundraise last year, Indian startups are ending 2020 with about $9.3 billion. This is the first time since 2016 that startups in India, one of the world’s largest startup communities, has raised less than $10 billion ...
  • 28
    Dec

    Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba

    The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is Zuoyebang, which announced today (link in Chinese) that it has raised a $1.6 billion Series E+ from investors including Alibaba Group. Other participants included returning investors Tiger Global Management, SoftBank Vision Fund, ...
  • 24
    Dec

    Nuro can now operate and charge for autonomous delivery services in California

    29
    0
    Autonomous delivery startup Nuro is allowed to launch commercial driverless services on public roads in California — the first company to clear this hurdle — after receiving a permit from the state’s Department of Motor Vehicles. Nuro, which was founded in June 2016 by Google alums Dave Ferguson  and Jiajun Zhu, plans to start commercial delivery operations early next year. The so-called Autonomous Vehicle ...
  • 24
    Dec

    Trump vetoes major defense bill, citing Section 230

    Following through on his previous threat, President Trump has vetoed the $740 million National Defense Authorization Act (NDAA), a major bill that allocates military funds each year. In tweets early this month, Trump said he would sink the NDAA if it wasn’t altered to include language “terminating” Section 230 of the Communications Decency Act, an essential and previously obscure internet law ...
  • 22
    Dec

    Google invests in Indian startups Glance and DailyHunt

    Google said on Tuesday it is investing in two Indian startups, Glance and DailyHunt, as the Android-maker makes further push in the world’s second largest internet market. Two-year-old Indian startup Glance, which serves news, media content, and games on the lock screen of over 100 million smartphones, has raised $145 million in a new financing round from Google and existing investor Mithril ...
  • 22
    Dec

    Astroscale ships its space junk removal demonstration satellite for March 2021 mission

    Japanese startup Astroscale has shipped its ELSA-d spacecraft to the Baikonur Cosmodrome in Kazahkstan, where it will be integrated with a Soyuz rocket for a launch scheduled for March of next year. This is a crucial mission for Astroscale, since it’ll be the first in-space demonstration of the company’s technology for de-orbiting space debris, a cornerstone of its proposed space sustainability ...