“It’s venture money, not adventure money.” That was the loving response a dear friend once got from a VC while pitching an idea. But when we are in the hype cycle phase of a new technology, that caution goes out the window. VCs, after all, have to deploy all the capital they raised, and the cost of missing out on something big is higher than the downside of swinging and missing, especially…
Exclusive: Foundational emerges from stealth with $8 million to tackle data quality and AI readiness challenges
March 26, 2024
Foundational, a startup aiming to bring order to the chaos of modern data infrastructure, announced today that it has raised $8 million in seed funding led by Viola Ventures and Gradient Ventures, Google’s AI-focused investment fund, with participation from angel investors…
FORT IRWIN, Calif. — Looking like a toy helicopter, a small black drone rose up over a cluster of adobe buildings in a quiet desert village, emitting a faint buzz.
The drone, an Anduril Industries’ Ghost-X, paused and then rose higher, disappearing into the clouds.
The U.S. Navy sent lawmakers a $2.2 billion wish list for fiscal 2025, which includes several items that would fill in gaps that arose this year due to high-tempo operations in the Red Sea and Congress not yet passing a supplemental spending bill.
This unfunded priorities list, which supplements the Navy’s $257.6 billion FY25 budget request, asks for 13 items, ranging from repairs to…
The top executive at embattled plane-maker Boeing will step down this year amid a broader shakeup of the company’s top leadership, capping a tumultuous five plus years that has shaken faith in one of America’s most storied manufacturers.
Boeing is the fifth-largest…
Daimler Trucks’ Freightliner brand trucks are industry leaders in the medium and heavy-duty vocational truck market. Now, they’re going to be leaders in the zero emission work truck market, too, thanks to their partnership with Hexagon Purus.
One of the biggest obstacles…
IM Motors' L6 EV promises huge range and AWD performance thanks to solid-state batteries
March 26, 2024
Chinese EV automaker IM Motors is on the cusp of launching its fourth EV model and is touting some impressive specs to get the hype train going. The company’s co-CEO recently shared that the new L6 EV will be powered by a 900V platform equipped with solid-state batteries that can deliver over 1,000 km of range on a single charge.
IM Motors has only been around for 3.5 years but has quickly…
Tesla releases new vision-based auto parking system
March 26, 2024
Tesla has started to release a new version of its auto parking system, an updated automated parking for its newer vision-only vehicles.
Ever since Tesla stopped using ultrasonic sensors in its new vehicles and only relied on cameras for its ADAS features, its vehicles have…
The Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing…
A British computer expert, who inadvertently misplaced a hard drive containing 7,500 bitcoins, has initiated a legal action to compel the Newport City Council to permit him to search through the landfill where the storage device is believed to be buried. Anticipating a further increase in the value of the cryptocurrency, the expert said he only wants to be given the chance to find the lost…
