Singapore state investor Temasek Holdings is writing down its entire investment in the embattled crypto bourse FTX, Bloomberg reported on Wednesday. The firm is understood to have invested between $200 million and $300 million in FTX, the report added. This follows a series of similar write-downs by FTX’s other investors including Sequoia Capital, SoftBank Group… Continue reading Singapore’s Temasek said to be writing down its FTX investment
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Waabi unveils its first generation self-driving truck
Autonomous trucking startup Waabi has unveiled its first generation of trucks that are purpose-built for OEM integration. The trucks are powered by the Waabi Driver, a combination of Waabi’s software, sensors and compute. Their launch signals both that Waabi is ready to verify and validate its self-driving stack and that it’s open for business. Waabi… Continue reading Waabi unveils its first generation self-driving truck
Parallel Domain says autonomous driving won’t scale without synthetic data
Achieving autonomous driving safely requires near endless hours of training software on every situation that could possibly arise before putting a vehicle on the road. Historically, autonomy companies have collected hordes of real-world data with which to train their algorithms, but it’s impossible to train a system how to handle edge cases based on real-world… Continue reading Parallel Domain says autonomous driving won’t scale without synthetic data
The 20-year boondoggle
Just a week after 9/11, while the country was still reeling, a series of letters began arriving at news organizations and Senate offices. The envelopes were innocuous, indistinguishable from other mail, but inside was a white powder, a rare bacteria that can be fatal if inhaled — anthrax. Five people died, and 17 were sickened… Continue reading The 20-year boondoggle
Notion is using AI to automatically write your blog posts, job descriptions, and poetry
/ Large language models mean your note-taking app can understand what you’re trying to write — and just write it for you. Notion’s AI turns your prompt into blog posts, poems, to-do lists, and brainstorms.Image: Notion / David Pierce Someday soon, Notion will be able to write your notes for you. The company is starting… Continue reading Notion is using AI to automatically write your blog posts, job descriptions, and poetry
Waabi announces ‘plug-and-play’ autonomous trucking solution
/ The Waabi Driver is a turnkey solution for semi truck manufacturers who want fleets of self-driving trucks on their delivery routes. Image: Waabi Waabi, the autonomous vehicle startup founded by former chief scientist at Uber’s Advanced Technology Group Raquel Urtasun, announced a new turnkey solution for semi truck manufacturers who want to transform their… Continue reading Waabi announces ‘plug-and-play’ autonomous trucking solution
The unbearable lightness of BuzzFeed
BuzzFeed built a digital media empire in part by aggregating viral content from social media. A decade later, what’s next? Share this story Nina* was scrolling Apple News in July 2021 when she came across a headline that looked familiar. Even before opening the story, she had a feeling she might be in it. The… Continue reading The unbearable lightness of BuzzFeed
Grab’s Q3 losses more than halve to $342m, revenue surges 143%Strong growth in the mobility and delivery segments lifted revenue.
Southeast Asian superapp Grab on Wednesday reported a net loss of $342 million for the third quarter of 2022 — an improvement of 65% from the $988 million loss posted in the year-ago quarter. Grab also reported revenues of $382 million in Q3 2022, up 143% from $157 million a year ago. On a constant… Continue reading Grab’s Q3 losses more than halve to $342m, revenue surges 143%Strong growth in the mobility and delivery segments lifted revenue.
Tapo takes on Arlo, Eufy with a low-cost smart security camera system
/ Free AI detection, 2K resolution, and local storage make the Tapo C420S2 a fully-featured, lower-cost smart security camera system. But high cloud storage prices and no Apple Home support let this promising package down. The Tapo C420S2 smart security camera has AI detection, 2K video resolution, and the option of local storage.Image: TP-Link Tapo,… Continue reading Tapo takes on Arlo, Eufy with a low-cost smart security camera system
Tencent to distribute $20.3b worth of Meituan shares as dividend amid drop in Q3 salesTencent’s Q3 revenue fell 2% to $19.8b.
Tencent Holdings said on Wednesday it would distribute its $20.3 billion stake in food delivery firm Meituan in dividend, as it reported a second straight quarterly sales drop, hit by economic slowdown and China’s regulatory crackdown. Tencent, the world’s largest video game company and the operator of the WeChat messaging platform, said it will transfer… Continue reading Tencent to distribute $20.3b worth of Meituan shares as dividend amid drop in Q3 salesTencent’s Q3 revenue fell 2% to $19.8b.