With the announcement of Apple’s ARKit, I’ve been bombarded with questions about what ARKit means for Augmented Reality (AR) developers, specifically ones building hard mobile AR technologies. We, along with our friends at Modsy, were even called out in a recent TechCrunch piece as being “Sherlocked” by Apple. So let me make it very clear up front what ARKit does to the… Read More

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 ChargePoint announced that it will become the exclusive operator of all of GE‘s electric charging stations, which means nearly 10,000 places to plug in will be transferred to the new company’s management. That total adds 1,800 commercial charging stations and 8,000 residential chargers to ChargePoint’s already huge network. Not that existing users will notice much difference… Read More

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 Sumo Logic, the cloud-based log analysis platform, announced a $75 million round today, as the seven year old company could be entering the home stretch before an IPO. While CEO Ramin Sayar was not ready or willing to commit to an IPO timeline, he did admit it was the next logical step for the company, and that the size of the investment gives him the capital to build toward that event.… Read More

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 The European Commission has fined Google a record-breaking €2.42 billion for antitrust violations pertaining to its Google’s Shopping search comparison service — in what is widely considered the most significant antitrust ruling in Europe since the 2004 Microsoft decision. Its finding states that: Google has systematically given prominent placement to its own comparison… Read More

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 Security firm Trend Micro is the latest corporate to jump into the startup investment world after it unveiled a $100 million corporate fund today. It is predominantly looking at opportunities in the internet-of-things (IoT) space, but the exact scope of how it will operate is not clear. The company is headquartered in Japan and listed on the Tokyo Stock Exchange, where its current value… Read More

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 Your.MD, an AI-driven health information service delivered via a bot, has raised $10 million in new funding. Read More

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 Capnamic Ventures, an early-stage venture capital firm based in Berlin and Cologne, is announcing the final closing of a new €115 million tech fund. The VC says it will invest in tech companies predominantly in the German-speaking region of Europe, with a focus on “B2B solutions, digital infrastructure, and digital transformation”. Read More

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 You wait all day for a multi-currency account and three come along at once. Give or take a month or so, that’s appears to be the case with news that Monese, the London fintech that offers a mobile banking app and current account, is adding support for Euro accounts. Read More

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 Volkswagen is working with Nvidia to expand its usage of its artificial intelligence and deep learning technologies beyond autonomous vehicles and into other areas of business, the two companies revealed today. VW set up its Munich-based data lab in 2014. Last year it pushed on with the hiring of Prof. Patrick van der Smagt to lead a dedicated AI team that is tasked with taking the… Read More

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 The U.K.’s Oxford University continues to be a hotbed of AI talent, fuelling not just academic research into AI but also the ambitions of startups and large technology companies alike. The latest Oxford-based AI startup to make headlines is Diffblue, a University of Oxford spin-out that is applying Artificial Intelligence (AI) to software development. Read More

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 As AI slowly seeps into various sectors, it was fairly inevitable that we would start to see the “AI for X” startups begin to appear. Thus “AI for small business social media” is now a thing, in the shape of PromoRepublic, a US/Finnish/Ukrainian startup which has now raised a $1.2M investment round. More specifically, they bill themselves as a “WIX for a small… Read More

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 Volvo is forming a new joint partnership with Autoliv, called Zenuity, with a focus on developing self-driving automotive software. The plan is to eventually get to the point where they can field self-driving cars for sale, based on Nvidia’s Drive PX in-car AI computing platform, by the not-so-distant target year of 2021. That’s a tall order, but Nvidia’s Drive PX is… Read More

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 Auto industry suppliers ZF and Hella are welcoming a third strategic partner to their effort to bring self-driving systems to market for OEM clients. Nvidia is joining the two to help incorporate its own in-car AI technology in a self-driving system that meets the New Car Assessment Program (NCAP) certification for passenger vehicles, and to also address safety requirements for commercial… Read More

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 A few weeks ago we reported on LinkedIn co-founder Reid Hoffman’s investment in social justice petitions site Change.org. Since then a few people with direct knowledge of the situation have told us that the funding round was actually a recap at a significantly lower valuation. In other words, there was a dramatic change to the ownership structure and most existing investors now own… Read More

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Today’s Stories Binary Capital co-founder Justin Caldbeck quits as Matt Mazzeo steps away from the firm Pandora co-founder and CEO Tim Westergren will step down according to reports  Houzz raises a huge $400M round at a $4B valuation  Avis signs on to manage Waymo’s self-driving vehicle fleet in Phoenix  MIT’s new drones switch between flying and driving for… Read More

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