Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that […]
Toyota pours another $500M into electric air taxi startup Joby Aviation
Toyota is doubling down on Joby Aviation with a $ 500 million investment into the California-based company that’s developing electric air taxis. Toyota’s total investment in Joby, which includes a $ 394 million capital injection back in 2020, is now $ 894 million. The funds will be used to help Joby complete the lengthy Type […]
Hedosophia leads $7M seed round into retail supply chain AI startup Ameba
Traditional retailers have a pressing problem. Fast-moving like Shein and Temu are eating their lunch by leveraging purpose-built, end-to-end supply chains. Meanwhile, incumbent retailers are still stuck on legacy platforms, juggling a myriad number of data sets, and struggling to respond to a punishingly fast market. A London-based startup thinks it has the solution to […]
Palmer Luckey tried to crush aeronautics startup Salient Motion. But Anduril backer a16z invested.
Two years ago, Vishaal Mali, Kai Yin and Aiden Jenkins left their engineering jobs at Anduril’s futuristic, high-ceiling office to spend their days in a two-car garage building defense tech startup Salient Motion. For 15 hours a day, the three men soldered airplane parts together, huddled around a propane tank heater (the only source of […]
Y Combinator is being criticized after it backed an AI startup that admits it basically cloned another AI startup
A Y Combinator startup named PearAI launched with an X post thread and YouTube video on Saturday and created immediate controversy. And some of that is splashing onto YC itself. PearAI offers an AI coding editor. The startup’s founder Duke Pan has openly said that it’s a cloned copy of another AI editor called Continue, […]