Michael Moritz moves on, book-ending a long chapter at Sequoia Capital
Michael Moritz, the journalist-turned-VC who has long been one of the most prominent and respected investors at Sequoia Capital, has left the firm after 38 years to “deepen his advisory relationship” with Sequoia Heritage, the wealth management unit he spun up in 2010 with colleague Doug Leone and on whose
Read MoreChina’s OpenAI challenger Zhipu AI gets Meituan funding
Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap of around $100 billion at the time of writing. An affiliate of Zhipu AI recently added a Meituan subsidiary as its shareholder, which now owns
Read MoreNetflix brings password-sharing crackdown to India and every other market
Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today, the global streaming giant said after a limited rollout of the restriction helped the firm sign up nearly 6 million subscribers in the quarter ending June. The streaming giant said it will start to address
Read MoreFarizon, Geely’s truck unit, raised $600M to expand outside China
Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China. A key focus for Farizon’s expansion will be Europe,
Read MoreWith $37M seed round, Maka Motors begins EV pilot on Indonesia’s streets
A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022. Moreover, as much as half of the overall motorbike market in Southeast Asia could be replaced by electric two-wheelers by 2030, McKinsey associate partner Rahul Gupta said
Read MoreHow to Use CSS object-fit and object-position
Learn how to use CSS object-fit to determine how images fit within a given space, and how to position those images with object-position. Continue reading How to Use CSS object-fit and object-position on SitePoint.
Read MoreKitchen robot Botinkit raises $13M from DJI angel and others
Having worked in the food industry for several years, Shirley Chen saw firsthand the challenges of managing staffing and training for restaurant expansion. So when she met her future co-founders, she saw an opportunity to leverage their expertise in chemistry and electrical and electronic engineering, along with her own food
Read MoreTesla to license FSD to other OEMs, allow transfer of FSD to new cars
Tesla CEO Elon Musk confirmed Wednesday that the automaker is “in discussion with major OEMs about using Tesla FSD.” Tesla Full Self-Driving is the automaker’s beta advanced driving assistance system (ADAS) that can automate driving tasks on highways and urban streets. If other automakers were to adopt FSD technology, they
Read MoreBeijing robotics firm ForwardX’s Series C hits $61 million
ForwardX this week announced an additional $30 million in funding, bringing the Beijing-based firm’s Series C up to $61 million. The funding follows an initial tranche announced way back in December 2021. It brings the warehouse robotics firm’s total funding up to $140 million since its 2016 launch. The last
Read MoreTesla in discussion to license Full Self-Driving software to another automaker
Photo by Loren Grush / The Verge Tesla is in “discussion” to license its Full Self-Driving (FSD) driver-assist technology to another major automaker, Elon Musk said in an earnings call Wednesday. He did not reveal the name of the company, though he did say that licensing FSD was always part
Read More