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Palo Alto self-driving tech unicorn buys lidar startup backed by BMW, Toyota

Technology News - 2 hours 26 min ago
Self-driving technology unicorn Aurora Innovation Inc. has come out solidly in favor of a technology disparaged by Tesla Inc. CEO Elon Musk with the acquisition of a lidar startup. "Lidar is critical for developing the safest and most reliable self-driving system, one that can navigate our roads more safely than a human driver," CEO Chris Urmson said in the announcement of his Palo Alto company's purchase of Montana-based Blackmore Sensors and Analytics Inc. Most of the major companies working…

Bay Area figures prominently in hottest IPOs so far this year

Technology News - 2 hours 33 min ago
All six have doubled in value — or more — since their Wall Street debuts and they are either headquartered in the Bay Area or backed by investors from the region.

SpaceX launches first Starlink satellites into orbit

Technology News - 2 hours 35 min ago
The next-generation satellite network aims to provide global broadband internet service, especially to areas not yet connected.

Bitcoin review: The crash of Charlie Shrem... Facebook to debut GlobalCoin

Technology News - 2 hours 51 min ago
To keep readers up-to-date on the latest price fluctuations and trends pertaining to cryptocurrencies, we compiled a list of the week's top stories.

Go inside the new Complexity Gaming HQ and GameStop Performance Center

Technology News - 2 hours 53 min ago
Esports organization Complexity Gaming opened its headquarters on May 20 at The Star in Frisco, providing proximity and possible integration with a traditional sports franchise. The 11,000 square foot facility also includes the GameStop Performance Center. It proximity to the Dallas Cowboys headquarters makes it one of the first esports organizations to integrate and connect with a traditional sports franchise. Take a photo tour of the facility by clicking through the gallery below. “We…

This week in NYC funding news: 4 startups poised to make a public debut

Technology News - 2 hours 56 min ago
Meanwhile, TransferWise announced a $292 million secondary round that values the company at $3.5 billion.

Facebook held talks with Winklevoss twins over new currency

Technology News - 3 hours 5 min ago
​Facebook’s vaulting ambition to create a new global digital currency has led it to hold talks with some of America’s largest trading houses and cryptocurrency exchanges, including one founded by Mark Zuckerberg’s sworn enemies.

Amazon's fulfillment center footprint reaches more than 200 million square feet

Technology News - 3 hours 7 min ago
The size of Amazon's fulfillment center portfolio, revealed Wednesday, has grown by tens of millions in the past two years.

Telco equipment firm takes Roseville space, anticipating growth

Technology News - 3 hours 15 min ago
Anixter International Inc. is consolidating some of its Sacramento area offices into one larger location, in a move that will bring about 105 jobs to Roseville.

Bay Area figures prominently in hottest IPOs so far this year

Technology News - 3 hours 16 min ago
All six have doubled in value — or more — since their Wall Street debuts and they are either headquartered in the Bay Area or backed by investors from the region.

Early Amazon investor recalls Bezos' difficulty raising company's first round

Technology News - 10 hours 12 min ago
Madrona Venture Group Managing Director Tom Alberg, who retired from the company's board this week, joked that Jeff Bezos practically had to go "door-to-door" to raise Amazon's first round.

SpaceX launches first Starlink satellites into orbit

Technology News - 11 hours 45 min ago
The next-generation satellite network aims to provide global broadband internet service, especially to areas not yet connected.

Easy cash flips Austin's funding paradigm

Technology News - Thu, 05/23/2019 - 22:00
The standard complaint against our startup ecosystem used to be that there wasn't enough money for early-stage companies. But a recent surge in investment dollars has lifted Austin's startup scene, seeding the next generation of entrepreneurs in the process.

SpaceX about to make grand entrance into satellite business

Technology News - Thu, 05/23/2019 - 20:41
Within two years, billionaire Elon Musk's firm will have more satellites in orbit than all of Earth's other satellite operators combined.

Sony PlayStation nabs big chunk of S.F. building

Technology News - Thu, 05/23/2019 - 18:43
Sony PlayStation has inked a deal for 130,000 square feet at 303 Beale St., according to several sources familiar with the matter. Sony Interactive Entertainment (SIE) is headquartered in San Mateo and oversees the PlayStation brand, which has launched popular gaming consoles under that name since the 1990s. SIE, for its part, is a subsidiary of Sony Corporation (NYSE: SNE) and reports to global headquarters in Japan. Back in 2016, Sony incorporated several entities into SIE, effectively moving…

PHOTOS: High school robotics teams showcase skills at state Capitol

Technology News - Thu, 05/23/2019 - 16:56
Gov. Gavin Newsom saluted California high school robotics teams at the Capitol Wednesday for winning the championship in a national competition. In 2019, the FIRST Robotics Competition reached 95,000 high school students representing more than 3,900 teams. FIRST is an acronym of For Inspiration and Recognition for Science and Technology. The competition was launched in 1989 by inventor and Segway developer Dean Kamen to interest students in science, technology, engineering and math, or STEM education. Starting…

GM's Maven short-term vehicle rental service ending soon in Phoenix

Technology News - Thu, 05/23/2019 - 16:53
Detroit-based Maven Drive LLC’s Maven Gig service launched in the Phoenix area in August 2017 giving local people options if they didn’t have a car or needed a newer car to qualify to drive for one of the ride-hailing services in the region.

Facebook says it is more aggressively enforcing content rules

Technology News - Thu, 05/23/2019 - 16:53
Facebook also said its automated detection software that eliminates illicit content is improving: It now automatically detects and removes more than half of the hate speech on its platform.

How this Palo Alto-based startup is betting big on AI to make health systems more personalized

Technology News - Thu, 05/23/2019 - 16:43
Springboarding off $10 million in funding, rapidly growing SymphonyRM is sifting through a mix of data to provide analytics on personalized "next best actions."

Children's Hospital's Peggy Troy, Intel's Rose Schooler join Rexnord board

Technology News - Thu, 05/23/2019 - 16:40
Rexnord Corp. said Thursday that it has expanded the size of its board of directors to 11 with the addition of Peggy Troy, president and CEO of Children's Hospital and Health System, and Rosemary Schooler, corporate vice president, global data center sales, for Intel Corp. Troy, 67, has led the Children's Hospital health care system since 2009. Prior to joining Children’s Hospital in Wauwatosa, Troy served as executive vice president and chief operating officer of Methodist Le Bonheur Healthcare…

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