SVB’s commercial banking president: ‘Come on back, the water’s fine’
Four players in the banking industry spoke about what they are doing to offer startups and investors new alternatives in a post-SVB world.
Allie wants to layer intelligence on top of factory floors
Factory downtime is an expensive problem. According to one estimate, it costs enterprise companies 11% of their yearly turnover, amounting to almost $1.5 trillion each year. That works out to about $129 million per
Bird acquires Spin scooters from Tier for $19M
Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back and $3 million as a hold back. Tier had purchased Spin from
Volvo will make its last diesel car in 2024
Volvo’s last diesel car will roll off the line “by early 2024,” the company said on Tuesday. The writing’s been on the wall for several years. As far back as 2017, the Geely-owned automaker indicated it would wrap
Redwood Materials acquires European battery recycler in expansion push
Redwood Materials said Tuesday it acquired lithium-ion battery recycler Redux Recycling, a purchase meant to accelerate U.S. company’s expansion into Europe. This is Redwood’s second acquisition since former Tesla
Flint wants to disrupt the battery industry with paper
Lithium-ion batteries have become the standard in the electrification revolution. In fact, they’ve become so unquestionably integral to the development of batteries that everyone from government to automakers to big
Fairly AI wants to help companies better understand their AI risk
David Van Bruwaene was pursuing his Ph.D. in philosophy at Cornell when he developed a passion for linguistics and natural language processing, the subfield of AI concerned with allowing machines to understand human
The Unified Acceleration Foundation wants to create an open standard for accelerator programming
At the Open Source Summit Europe in Bilbao, Spain, the Linux Foundation today announced the launch of the Unified Acceleration (UXL) Foundation. The group’s mission is to deliver “an open standard accelerator
OpenAI launches a red teaming network to make its models more robust
In its ongoing effort to make its AI systems more robust, OpenAI today launched the OpenAI Red Teaming Network, a contracted group of experts to help inform the company’s AI model risk assessment and mitigation
BioticsAI wants to improve prenatal ultrasound scans with AI
Meet BioticsAI, a startup that has built an AI-based platform that plugs into an ultrasound machine to prevent fetal malformation misdiagnosis. BioticsAI has been quietly working on its solution for the past two