The Hyundai Ioniq 5 will be Uber and Motional’s robotaxi of choice. | Image: Uber / Motional Nearly two years after selling its autonomous vehicle research division to a competitor, Uber is finally back in the robotaxi business. The company signed a 10-year multimarket deal with Motional, a joint venture between Hyundai and Aptiv, to…
Monthly Archives: October 2022
Image: Nintendo It’s been a long time coming, but the time is almost here: we’re going to get a look at Nintendo’s upcoming Super Mario Bros. movie. The animated feature was officially announced way back in 2018 as a collaboration between Nintendo and Illumination Entertainment, the animation studio behind Minions, and today, the companies are…
Illustration by Alex Castro / The Verge Peloton is cutting another 500 jobs, or 12 percent of its workforce, as it attempts to turn around its struggling connected fitness business, CEO Barry McCarthy announced in a memo to staff on Thursday. McCarthy says the company, which has lost money for six quarters straight, has six…
Summer is over and Autumn is on the way. Longer evenings mean… more hours in which to read Storytime in bed! Ever wondered what characters and creatures are up to at night? Read on and you will find out! Our October issue is full of magic goings-on and funny stories that happen on these…
The 2014 eruption of the Fogo volcano ate up 75 percent of the surrounding villages and 25 percent of the farmland. Still residents returned. Lannoo Publishers/Cris Toala Olivares Excerpt and photographs from Living with Volcanoes by Cris Toala Olivares. Copyright © 2022 by Cris Toala Olivares. Reprinted by permission of Lannoo Publishers. Visiting the island of Fogo…
The U.K.’s Competition and Markets Authority (CMA) has announced that the proposed merger between London-based satellite communications company Inmarsat and its U.S. rival Viasat raises potential competition concerns, and plans to launch a full-scale investigation into the deal. The $7.3 billion transaction, comprising a mix of cash, equity, and debt, was first announced last November,…
Uber is getting back into the robotaxi game, only this time it’s tapping a third party to handle the self-driving tech. Motional, the Aptiv-Hyundai joint venture commercializing self-driving vehicle tech, will put its robotaxis on the Uber network later this year as part of a 10-year operating agreement that will eventually roll out to major…
Gather AI, a startup using drones to inventory items in warehouses, today announced that it raised $10 million in a Series A round led by Tribeca Venture Partners with participation from Xplorer Capital, Dundee Venture Capital, Expa, Bling Capital, XRC Labs and 99 Tartans. The proceeds bring the company’s total raised to $17 million, which…
In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf, which last July raised $150 million at triple its previous valuation ($4.3 billion), opted for all debt in its latest funding round. The company today announced that it secured $401 million in convertible notes from Owl Rock with…
Oort, an identity threat detection and response platform, today announced that it raised $11.5 million in a Series A round co-led by .406 Ventures and Energy Impact Partners with participation from Cisco Investments. The proceeds, which bring Oort’s total capital raised to $15 million, will be put toward supporting its go-to-market strategy, CEO Matt Caulfield…