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☆ Data startup Matia just emerged from stealth with a $10.5 million seed round — check out its 11-slide pitch deck
▼ + stars: | 2024-10-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Miami-based data operations startup Matia has secured $10.5 million in seed funding. BI got an exclusive look at the 11-slide pitch deck Matia used to secure the fresh funding. AdvertisementMiami-based data management startup Matia has just come out of stealth with $10.5 million in seed funding. The startup's pitch deck, shared exclusively with BI, states that it has four early customers and 10 companies who are showing "strong interest." Check out the 11-slide pitch deck used to secure the fresh funding.

Persons: —, Benjamin Segal, Segal, Matia, Benjamin, Geva Organizations: BI, Service, Leaders Fund, Cerca Partners, Caffeinated Locations: Miami

☆ Photo hints a big US Air Force Reaper drone competition was focused on one of China's fake islands in the South China Sea
▼ + stars: | 2024-09-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewA newly released photo suggests a recent US Air Force Reaper combat drone event appears to have been focused to some degree on an artificial Chinese island in the South China Sea. AdvertisementOne of the screens featured a map of Mischief Reef and the surrounding area in the contested Spratly Islands of the South China Sea. The South China Sea has long been a source of tension between the US and China, as well as a number of other Indo-Pacific nations. AdvertisementSatellite imagery of the Mischief Reef in the South China Sea. "Air Force Special Operations Command is focused on specialized air power," said Col. Mark Jones, AFSOC concepts and capabilities development division chief, in the Wednesday release.

Persons: —, Thomas Shoal, Deanna Muir, Deanna Muir China, Mark Jones Organizations: Service, US Air Force, Wing, Business, Air Force, Operations, Squadron, Technologies, Air Force Special, Command Locations: South China, Florida, Spratly, Philippines, Beijing, China, Washington

☆ First came the accusations of rape. Now 3 owners of the Alexander brothers' beleaguered brokerage firm are jumping ship.
▼ + stars: | 2024-08-12 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

At the center were cofounders Tal and Oren Alexander, sibling dealmakers who were known for selling some of the country's most exclusive and expensive homes. But accusations of rape against the brothers in recent months have resulted in an existential crisis for the company. An attorney for Tal Alexander has sought to dismiss the case against him. In the immediate aftermath of the accusations, the brothers announced they would take a leave from Official. Official has used the brokerage services company Side to provide it with back office support and to hold its brokers' licenses.

Persons: —, cofounders Tal, Oren Alexander, dealmakers, Nicole Oge, Richard Jordan, Andrew Wachtfogel, Alexander, Tal, Oren, Oge, Richard, Andrew, Alon Alexander, Alon, Tal Alexander, James Cinque, Nicole, Tyrone McKillen Organizations: Service, Partners, Business, The New York Times, Gabbana Locations: Oge, The, The Raleigh, Miami Beach, Los Angeles

☆ Tesla Fremont factory suffers another fire, investigation underway
▼ + stars: | 2024-05-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. A fire broke out at Tesla 's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. The Fremont factory is Tesla's first mass EV manufacturing facility. On May 17, 2024 Tesla celebrated a milestone for its Fremont factory in conjunction with their battery factory outside of Reno, Nevada, saying they had surpassed production of 3 million vehicles. Fires at the Fremont factory in the past have sometimes necessitated a pause in production.

Persons: Tesla, Tesla's Fremont Organizations: Tesla Fremont Factory, Fremont Fire Department, Elon, Fremont, Environmental Health, Safety, California Employment, Bay, Air Quality Management, CNBC Locations: Fremont , California, Fremont, Reno , Nevada, California, Tesla's, Alameda County

☆ Uber Eats is launching robot deliveries in Japan
▼ + stars: | 2024-02-20 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Uber Eats customers in Japan can soon have an autonomous robot deliver their food on the streets of Tokyo. Japan will be the first international market to have autonomous delivery available on the Uber Eats platform. Uber Eats is launching robot delivery services in Japan. Uber Eats and Cartken first partnered to launch autonomous robot delivery services in parts of Miami in 2022, and expanded robot delivery to Fairfax, Virginia, last year. “In the future, we will work with buildings and factory infrastructure, which is one of our strengths, so autonomous robots will be able to deliver inside various facilities.”

Persons: Uber, Cartken, Shoji Tanaka, ” Tanaka, ” Organizations: CNN, Mitsubishi, Mitsubishi Electric, Cartken’s, Germany, Development Division Locations: Japan, Tokyo, Miami, Fairfax , Virginia

☆ Starbucks unveils plan to add 17,000 locations by 2030, cut $3 billion in costs
▼ + stars: | 2023-11-02 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Starbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3 billion in costs over the next three years. The company said it plans to expand to 35,000 locations outside of North America by 2030. In total, the coffee giant aims to reach 55,000 locations globally by 2030, up from its current count of more than 38,000. Starbucks also announced a $3 billion cost-savings plan. The announcement comes after more than 350 Starbucks locations have unionized under Workers United, according to National Labor Relations Board data.

Persons: Michael Conway Organizations: Starbucks, Workers United, National Labor Relations Board, NLRB Locations: North America

☆ Check out the 12-slide pitch deck marketing tech company Simon Data used to raise $54 million in fresh funds
▼ + stars: | 2023-08-16 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Martech company Simon Data raised a $54 million Series D round this month. Marketing technology company Simon Data raised $54 million in fresh funds earlier this month as it plans to bolster its research and development division. The problem isn't collecting data — it's enabling data for business stakeholders to access it," said Simon Data cofounder and CEO Jason Davis. He said Simon Data was likely to grow somewhere between 45% and 50% this year. The Simon Data Series D round was led by Australian financial group Macquarie Capital with participation from existing investors, including Polaris, .406, and F-Prime.

Persons: Simon Data, Simon, Jason Davis, Davis Organizations: Macquarie Capital, Marketing, The, JetBlue, Bombas, Australian, Polaris Locations: The New York

☆ More than 1,000 people died on Virginia's roadways last year, but a high-tech trial showed safer streets might be just a couple of years away
▼ + stars: | 2023-08-10 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

A trial on a controlled-access road in Virginia used 5G to power split-second safety data. This article is part of "5G Playbook," a series exploring one of our time's most important tech innovations. But technology being trialed on a controlled-access rural road in Virginia could help save lives. Safer, high-tech roads require more 5G accessIt's important because too many people fall victim to serious or fatal crashes on Virginia's — and the nation's — roads. The project comes at a critical moment for Virginia, whose pedestrian fatalities increased 37% in 2022 over 2021 data.

Persons: Masahiko Mack Nakagawa, Nakagawa, —, Mike Mollenhauer Organizations: National, Traffic Safety, 2G, NEC, Virginia Smart Roads, Virginia Tech Transportation Institute Locations: Virginia, Blacksburg , Virginia, Smart Virginia, Japan

☆ Meta's CTO was asked whether the term 'metaverse' did more harm than good. He chuckled and compared it to the early confusion over the word 'internet.'
▼ + stars: | 2023-07-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Bosworth was asked whether he felt the term "metaverse" did more harm than good. But if you're still scratching your head over the term "metaverse," don't worry, Meta's chief technology officer gets your confusion. He then compared the ambiguity around the definition of the metaverse to the confusion people experienced in the early 1990s when they were making sense of the internet. At the same time, Bosworth admitted that Meta never expected its rebrand — and by extension the term metaverse — to garner so much attention. Reality Labs was included in Meta's recent layoffs, and Zuckerberg seems to have since shifted focus to AI.

Persons: Andrew Bosworth, Instagram . Bosworth, Mark Zuckerberg's, It's, Andrew Bosworth –, Bosworth, Meta, —, Mark Zuckerberg, Zuckerberg Organizations: Facebook, Reality Labs Locations: Instagram .

☆ Enad Global 7 stock jumps after US activist investor pushes for sale
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, May 22 (Reuters) - Enad Global 7 AB's (EG7.ST) stock price jumped 5% on Monday after U.S. activist investor Alta Fox urged the Swedish video game company to explore strategic options, including a possible sale. "EG7 is a high-quality business that remains dramatically undervalued due to no fault of current leadership," Alta Fox's managing partner Connor Haley wrote. Previous management's missteps and the fact that it is not well known outside of Sweden are hurting the company, the letter said. The hedge fund suggested the company, whose stock is listed in Sweden, should relist in the United States in order to buy back shares. ($1 = 10.56 Swedish crowns)Reporting by Svea Herbst-Bayliss; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ The pharmacy that quietly powered top startups in the hottest part of healthcare is trying to reinvent itself after losing customers and closing facilities
▼ + stars: | 2023-05-15 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +10 min

"We were shocked," a former employee in Truepill's business development division said of the layoffs. Insider spoke with five former and two current Truepill employees about the challenges the company is confronting after a tumultuous year. Truepill was hiring employees rapidly, accumulating about 1,800 employees by the spring of 2022, according to one former employee in Truepill's business division. Since then, there's been a companywide push to inch closer to profitability, one of the current employees told Insider. It's also downsizing its Miami pharmacy, the current employee said.

☆ Inside the Rise and Fall of Kittyhawk, Larry Page's Failed Flying Car Company
▼ + stars: | 2023-04-16 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +22 min

Killing off projects had become something of a tradition at Kittyhawk, the secretive flying-car startup launched by the Google cofounder Larry Page. Larry Page has used his Google money to found a series of flying car companies with one common goal: "to free the world of traffic." "When Bloomberg did their original exposé, that's when urban air mobility became a thing," a former Kittyhawk employee recalled. Everyone thought: If Larry Page is in this space, there must be something here." Interpreting "Larry-isms" or "learning to speak Larry" were essential skills for any Kittyhawk employee who wanted to retain their sanity.

☆ Multiple F1 teams contact Honda for 2026 partnership
▼ + stars: | 2023-02-20 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Feb 20 (Reuters) - Several teams have approached Honda about a partnership when Formula One's new engine era starts in 2026 but no decision has been taken about future involvement, the Japanese manufacturer said on Monday. Honda have an agreement to build engines in Japan for world champions Red Bull and sister team AlphaTauri but that will end in 2025. "That is why we have decided to register as manufacturer of a power unit," he explained. "Last year I believe all the power unit manufacturers prioritised performance in their development, and so did we," said Kakuda. He said Honda had further optimised control and energy management and worked with suppliers to improve the precision of parts and power unit assembly.

[1/3] A Tesla is charged at an electric car supercharger station in Los Angeles, California, U.S. August 2, 2018. A dearth of chargers on U.S. roads has slowed the growth of EV sales and the positive environmental impact, advocates say. In January of last year, Tesla wrote the Federal Highway Administration, offering the Biden administration suggestions on how to shape the charging program. In Ohio, the company responded to a recent request that companies submit charging proposals, state officials told Reuters. The Department of Transportation next week will detail final requirements that all electric vehicle chargers must meet to be eligible for funding under the $7.5 billion effort to electrify highways and interstates across the nation.

☆ Honda to start producing new hydrogen fuel cell system co-developed with GM
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Feb 2 (Reuters) - Japan's Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. The Japanese carmaker is seeking to expand the use of its new system not only for its own fuel cell electric vehicles (FCEVs), but also commercial vehicles such as heavy trucks, as stationary power stations and in construction machinery. Honda will start production of the hydrogen fuel cell system through its joint venture with GM this year, Honda senior managing executive director Shinji Aoyama told reporters during a company event in Tokyo. With the "next-generation" system, the company aims to more than double durability compared with its older fuel cell system and to bring costs down by two-thirds. That would likely lead to a divergence in trucks using batteries and those running on fuel cells, he added.

☆ In leaked memo, Shopify CEO Tobi Lütke announces CTO departure and other engineering shakeups
▼ + stars: | 2023-01-27 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Shopify CTO Allan Leinwand is leaving the company, CEO Tobi Lütke announced on Friday. Shopify CTO Allan Leinwand is set to depart the Canadian e-commerce company after 15 months in the role. In addition to his job as CEO, Lütke has also performed the tasks of chief product officer since Craig Miller departed Shopify in September 2020. Today Allan Leinwand shared that he will be saying goodbye to Shopify in the coming weeks. With Allan's departure, I'm retiring the CTO jersey.

☆ About 400 workers and 40 tractors daily involved in leaves gathering in Chisinau
▼ + stars: | 2020-11-13 | by ( ) www.ipn.md time to read: +1 min

About 400 workers and 40 tractors daily involved in leaves gathering in ChisinauApproximately 400 workers and 40 tractors are daily gathering leaves in Chisinau. Among the 40 tractor trailers used to collect vegetal waste are new vehicles bought recently with money allocated from the municipal budget. According to Vasile Efros, the leaves from sidewalks and in parks are gathered the first, followed by the leaves in yards of apartment buildings. The works will continue until all the leaves that fell are collected. Earlier this month, the General Public Amenities Division purchased a number of vehicles and pieces of equipment for the cleanup works to the value of about 7 million lei.

Persons: Vasile Efros Organizations: Territorial Development Division, Public, Public Amenities Division Locations: Chisinau

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