Amazon launches Scout, a site that creates personalized shopping recommendations
Amazon is testing out Scout, a new shopping site which will help consumers better figure out what they want to buy. It is built for customers who only have a vague idea of what they want to buy and are willing to take [..]
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WeWork Buys Software Startup Teem for $100 million
WeWork, a company that provides shared workspaces for startups, has made its third-largest acquisition to date. This is their fourth acquisition of 2018, and it will purchase Teem, a maker of office management software for [..]
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Theranos is closing down for good
The Wall Street Journal reported late Tuesday that Theranos Inc., a blood-testing company recently accused of fraud, will soon be dissolved. CEO David Taylor sent out an email to all shareholders to announce the closure and [..]
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Google Gives Cloud Computing Foundation $9 Million in Google Cloud Credits
Google announced yesterday that it is giving Cloud Native Computing Foundation (CNCF) $9 million in Google Cloud credits. It will help continue its work on the Kubernetes container orchestrator and will be split over [..]
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Facebook Bans First App Since Cambrdige Analytica
Facebook announced yesterday that it has banned myPersonality for improper data controls and failing to agree to Facebook’s request to audit. It is only the second app to be banned since the company’s inspection of [..]
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Uber Reports Q2 Losses of $404 Million
Uber reports their EBITDA adjusted losses for Q2 at $404 million, which is a 32% increase from the $304 million in losses in Q1. Uber isn’t legally required to disclose their financial results, but they have the last few [..]
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Slack is raising a $400 million funding round
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 Developing Own AI Chips for Self-Driving Cars
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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