BlueJeans folds
Verizon dropped hundreds of millions on BlueJeans at the height of the pandemic lockdowns. Three years and some change later, the lesser-known video-conferencing app is done for, the telecom giant told users today. In a mass email, Verizon wrote that it “made the difficult decision to sunset our suite of
Read MoreSingapore wealth management platform Endowus raises $35M
Back in 2021 and early 2022, there was a flurry of VC interest in Southeast Asian investment apps. One of them was Singapore-based Endowus, which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 million in follow-on funding. Now two
Read MoreWeWork goes from a $47B valuation to ‘substantial doubts’ about its ‘ability to continue as a going concern’
WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company’s ability to continue as a going concern.” WeWork has faced a number of challenges for years now, and with so many companies abandoning office
Read MoreLyft wants to kill surge pricing
Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in revenue per active rider. That discrepancy was fueled by a
Read MoreHuman toddlers are inspiring new approaches to robot learning
It’s an exciting time for robotic learning. Organizations have spent decades building complex datasets and pioneering different ways to teach systems to perform new tasks. It seems we’re on the cusp of some real breakthroughs when it comes to deploying technology that can adapt and learn on the fly. The
Read MoreLyft shares pop, then plop, as it predicts slow and steady growth
Lyft made less money per active rider in the second quarter — something that might normally give investors pause. Yet, the ride-hailing giant’s stock price initially rocketed nearly 14% in after-hours trading following its Q2 2023 earnings report. The stock then shed its after-hours gains shortly before this story went
Read MoreBlackBerry intelligence report reveals a 40 per cent increase in cyberattacks
BlackBerry Limited has released its most recent quarterly global threat intelligence report, shedding light on a concerning 40 per cent rise in cyberattacks directed towards government agencies and the public services sector. The company said its AI-driven cybersecurity solutions successfully thwarted 55,000 individual attacks between March and May 2023. Ismael
Read MoreSo your startup’s runway is dwindling and fundraising is hard. What’s next?
The concept of having a runway has its own set of maxims for startup founders. Investors we’ve interviewed generally agree that a successful fundraise should leave a startup with 18 to 36 months of capital, and by the time a startup has around 9 to 12 months of cash, it
Read MoreOpenText unveils its vision for AI
Last week, information management company OpenText announced opentext.ai, the company’s strategy and vision for artificial intelligence (AI). “The internet changed everything. With AI, everything must change,” said Mark J. Barrenechea, chief executive, OpenText. “It is clear this is a new era of technology, the cognitive era. AI will impact what
Read MoreRivian beats on Q2 revenue, raises EV production guidance for 2023
Rivian gained positive momentum in the second-quarter and beat Wall Street expectations as the company ramped up EV sales, narrowed losses, reduced costs and shored up its supply chain. Rivian struck a confident tone in its second-quarter earnings, which was released after markets closed Tuesday, even raising its production guidance
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