Uber spent $457 million on self-driving and flying car R&D last year

Uber spent $457 million last year on research and development of autonomous vehicles, flying cars (known as eVTOLs) and other “technology programs” and will continue to invest heavily in the futuristic tech even though it expects to rely on human drivers for years to come, according to the company’s IPO prospectus filed Thursday. R&D costs […]

In big tech’s future expansion plans, public good should be the corporate incentive

Yung Wu Contributor More posts by this contributor To actually change the world, Big Tech needs to grow up The cancellation of Amazon’s planned expansion in New York exposes the truth about its HQ2 promises. In the end, the company seemed mainly interested in tax incentives and being allowed to make a corner of NYC […]

Driving down the cost of preserving genetic material, Acorn Biolabs raises $3.3 million

Acorn Biolabs wants consumers to pay them to store genetic material in a bet that the increasing advances in targeted genetic therapies will yield better healthcare results down the line. The company’s pitch is to “Save young cells today, live a longer, better, tomorrow.” It’s a gamble on the frontiers of healthcare technology that has managed […]

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. There’s no word on whether the new money is in equity or debt, but what is certain is that JPMorgan Chase […]

Cluep, a Canadian startup that raised just $500k, acquired for $40M

Everyone loves a tale of a bootstrapped startup founder’s journey to an eight-figure exit. The team at Toronto-based Cluep have a good one. The founders of the adtech startup raised less than $500,000 from angel investors before selling their company to Impact Group for $40 million ($53 milllion CAD) this week. Founded in 2012, Karan Walia, Sobi Walia […]

Integrate.ai pulls in $30M to help businesses make better customer-centric decisions

Helping businesses bring more firepower to the fight against AI-fuelled disruptors is the name of the game for Integrate.ai, a Canadian startup that’s announcing a $30M Series A today. The round is led by Portag3 Ventures . Other VCs include Georgian Partners, Real Ventures, plus other (unnamed) individual investors also participating. The funding will be […]

Video: The driver of the autonomous Uber was distracted before fatal crash

The Tempe, Arizona police department have released a video showing the moments before the fatal crash that involved Uber’s self-driving car. The video includes the view of the street from the Uber and a view of minder behind the wheel of the autonomous Uber. Warning: This video is disturbing. Tempe Police Vehicular Crimes Unit is […]