Amid signs of a stagnating economy, the UK is going all-in on AI. On Monday, British Minister Keir Starmer announced a new AI Opportunities Action Plan. At the center of the initiative are “AI Growth Zones,” which the government plans to establish in de-industrialized areas throughout the country. In these areas, the Labour government will… Continue reading UK to fast-track data center approvals as part of AI action plan
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Sonos CEO Patrick Spence falls on his sword after horrible app launch
Sonos CEO Patrick Spence is stepping down from the company after eight years on the job, according to reporting by Bloomberg. This follows last year’s disastrous app launch, in which a redesign was missing core features and was broken in nearly every major way. The company has tasked Tom Conrad to steer the ship as… Continue reading Sonos CEO Patrick Spence falls on his sword after horrible app launch
Mercedes-Benz’s Virtual Assistant uses Google’s conversational AI agent
/ The Automotive AI Agent package from Google is behind a more ‘conversational’ system coming later this year in the new CLA. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this… Continue reading Mercedes-Benz’s Virtual Assistant uses Google’s conversational AI agent
Why CEO Matt Garman is willing to bet AWS on AI
AWS chief Matt Garman says Amazon is already seeing the benefits of its massive AI investments. Share this story Photo illustration by The Verge / Photo: Amazon Today, I’m talking with Matt Garman, the CEO of Amazon Web Services, or AWS. Matt took over as CEO last June — you might recall that we had… Continue reading Why CEO Matt Garman is willing to bet AWS on AI
Vietnam-based PE firm ABB closes second fund at $70mThe fund has closed below its initial target of $100 million.
The private equity business of Vietnam-based Asia Business Builders (ABB) has closed its second fund with $70 million in capital commitment, lower than its initial target of $100 million. Asia Business Builders II LP attracted new limited partners, including Dutch development bank FMO, Pavilion Capital, the International Finance Corporation (IFC), Australian Development Investments, and several… Continue reading Vietnam-based PE firm ABB closes second fund at $70mThe fund has closed below its initial target of $100 million.
India Digest: Groww eyes $700m IPO; Ather eyes $2.4b for IPOGroww is targeting a valuation of $6-8b in the IPO.
Groww is looking at a potential initial public offering (IPO) to raise around $700 million, while Ather Energy is set to value itself at as much as $2.4 billion in its upcoming IPO, per media reports. Groww in talks with bankers for IPO Indian stockbroking platform Groww has held talks with a clutch of investment… Continue reading India Digest: Groww eyes $700m IPO; Ather eyes $2.4b for IPOGroww is targeting a valuation of $6-8b in the IPO.
Sonos’ interim CEO hits all the right notes in first letter to employees
/ Tom Conrad knows Sonos has to do more than just get back on track. It’s literally day one, but he’s saying the right things. By Chris Welch, a reviewer specializing in personal audio and home theater. Since 2011, he has published nearly 6,000 articles, from breaking news and reviews to useful how-tos. Share this… Continue reading Sonos’ interim CEO hits all the right notes in first letter to employees
Pete Buttigieg has a few things to say on his way out
The outgoing transportation secretary on EVs, robotaxis, Trump, Musk, and the work still left to do. By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Share this story Secretary of Transportation Pete… Continue reading Pete Buttigieg has a few things to say on his way out
India’s Boba tea and Korean fusion food brand Boba Bhai bags fundingThe round also saw participation from Titan Capital Winners Fund, Global Growth Ca…
India’s boba tea and Korean fusion food brand Boba Bhai on Monday said it has raised Rs 30 crore ($3.5 million) in a Series A round led by 8i Ventures, aiming to expand to new cities and capture the Gen Z and Millennial market. The round also saw participation from Titan Capital Winners Fund, Global… Continue reading India’s Boba tea and Korean fusion food brand Boba Bhai bags fundingThe round also saw participation from Titan Capital Winners Fund, Global Growth Ca…
PE major EQT anchors Cornerstone Robotics’s $70m fundingQiming Venture Partners and Alpha JWC Ventures also participated in the round.
Swedish investment house EQT Group has anchored the $70-million Series C funding round in Hong Kong-headquartered surgical robotics firm Cornerstone Robotics, according to an announcement. The round also saw the participation of a number of venture investors, including Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC,… Continue reading PE major EQT anchors Cornerstone Robotics’s $70m fundingQiming Venture Partners and Alpha JWC Ventures also participated in the round.