Category: investment

Google invests in ADT to push Nest towards home security

[ad_1] Later on, ADT will borrow Google’s tech to enhance its own capabilities. “Over time, Nest’s devices, powered by Google’s machine learning capabilities, will enhance ADT’s security monitoring,” Google said. “The goal is to give customers fewer false alarms, more ways to receive alarm events and better detection of potential incidents inside and around the […]

Bipartisan Senate bill aims to invest $100 billion in technology R&D

[ad_1] “The coronavirus pandemic has shown the science and technology gap between the United States and the rest of the world is closing fast and that threatens our long-term health, economic competitiveness, and national security,” Senator Schumer said in a statement. “America cannot afford to continue our decades-long underinvestment and expect to lead the world […]

Waymo’s first outside investment round includes car industry heavyweights

[ad_1] Alphabet is also contributing, but it appears to be in the minority this time around. Waymo was vague about how it would use the funds, saying only that this would help “our people, our technology, and our operations.” One look at Waymo’s business suggests that it has plenty of need for cash, though. In […]

BBC Studios is the next to pour money into Pocket Casts

[ad_1] “This new partnership with BBC Studios enables Pocket Casts to further our goal of creating the world’s best podcasting platform, for both listeners and publishers,” said Pocket Casts CEO Owen Grover, former iHeartRadio and Clear Channel vice president. A few years ago, NPR, WNYC Studios and WBEZ Chicago teamed up to buy Pocket Casts, […]

SiriusXM invests $75 million to play a bigger role in SoundCloud

[ad_1] The circumstances surrounding this latest investment couldn’t be more different than the last time SoundCloud raised money. By its own admission, the company was close to running out of runway in 2017. That July, it cut 40 percent of its workforce, laying off 173 people and closing down its San Francisco and London offices […]

‘Bayonetta’ developer is the latest to throw itself at Tencent’s feet

[ad_1] The cash influx won’t just improve Platinum’s financial position. Sato said this would help his firm move beyond development to possible self-publishing. He also hoped this would give the team a “wider global perspective” than it had in the past. This isn’t Tencent’s biggest investment. It has full control of League of Legends creator […]

Microsoft invests $1 billion in Elon Musk-founded OpenAI

[ad_1] Today, Microsoft announced that it’s investing $1 billion in the Elon Musk-founded company OpenAI. The two companies will work together to bring supercomputing technologies and AI to Microsoft Azure. And OpenAI will run its services exclusively in Microsoft’s cloud. Ultimately, the partners hope to build artificial general intelligence (AGI), a technology that some say […]

Facebook snags exclusive VR games for Oculus headsets

[ad_1] When Facebook acquired Oculus in 2014 for $2 billion, it took a leap of faith. The company hadn’t formally released a finalized product and VR was still an experimental medium. Today, VR is certainly more common, but it’s not exactly mainstream. Oculus has faced high-profile leadership departures and restructuring. But it has also found […]

GM’s self-driving unit is close to receiving a $2.25 billion boost

[ad_1] It took more than a year, but GM’s self-driving company is close to receiving a giant cash infusion. Cruise Automation confirmed to Reuters that the Committee on Foreign Investment in the US (CFIUS) had approved SoftBank’s $2.25 billion investment in the driverless tech company. SoftBank will have a spot on Cruise’s board as a […]