Slack, a popular cloud-based team collaboration tool and service, is planning to raise over $400 million or more in an upcoming round of funding. The post-money valuation of Slack will be $7 billion or more. Slack is trying [..]
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Tesla CEO Elon Musk has announced that the automaker has been “stealth” developing a custom-built AI chip for the past two or three years.
The Tesla computer, or “Hardware 3”, is a Tesla-built piece [..]
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Facebook’s share price fell more than 20 percent in perhaps one of the biggest one-day drop of all time. Facebook shares opened at $174.89, down 19.6% compared to yesterday’s closing price of $217.50.
Yesterday, [..]
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Comcast announced this morning that it is dropping out of the bidding war to acquire the film and television assets of 21st Century Fox.
Disney had made a deal to acquire Fox last year. However, after a district court judge [..]
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At&T today announced they will be investing in Magic Leap, an augmented reality startup, and will become the exclusive “wireless” distributor of Magic Leap products in the U.S. beginning this summer. This [..]
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The deal between Synchrony and PayPal is officially closed, with Synchrony acquiring $7.6 billion in receivables. The deal, first announced in November 2017, includes PayPal’s U.S. consumer credit portfolio, worth $6.8 [..]
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Lyft has raised $600 million in a Series 1 financing round led by Fidelity Management & Research Company on Wednesday. This additional funding pushes the company’s valuation at $15.1 billion. Lyft has more than [..]
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Instagram officially launched IGTV, a new service for long-form videos that is expected to rival YouTube, at an event in San Francisco Wednesday morning. The hour-long videos can be viewed directly within the Instagram app [..]
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