Business

Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial, and ClearVue Partners. The...

Intuit, a US-based leading financial software company, is intending to acquire Credit Karma — another leading multinational personal financing company for $7.1 billion in cash and stock. The deal would mark the biggest acquisition in the history of Intuit, which will take place under the...

Elon Musk's SpaceX is seeking $250 million at $220 per share in new fundings, according to a report by CNBC. The funding will boost the worth of the company to $36 billion, up from $33.3 billion.  The Space Exploration Technologies Corporation (SpaceX) is working on raising new...

Chroma Labs has officially announced that the company is shutting down its business immediately, and the team is joining Twitter.  Kayvon Beykpour, the product lead at Twitter, confirmed the news of acquisition in his tweet saying Chroma Labs squad is joining its product, design, and engineering team for...

MWC 2020 organizers, GSMA, announced that the Mobile World Conference is not going to happen this year. After that, several tech companies declared they would not be attending the annual trade show due to coronavirus, the association has officially canceled the show on Feb 12. GSMA...

Earlier this month, many telecom and tech companies dropped their plans to exhibit in the Mobile World Congress, which is going to be held in Barcelona. The drop out lists continues to long as the fear of coronavirus outbreak by the GSMA. However, the...

HopSkipDrive, a Los Angeles based transportation company for children, has received a  $22 million in funding in the latest round. The round, largest yet, saw participation from 15 investors which include Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, and FirstMark Capital. The...

Nintendo breaks the news of the delay in the production and shipment of its Switch consoles to Japan due to the coronavirus epidemic. The company apologized to the current situation and informed that monitorization is being done soon will update. The Switch consoles...

Google is generating considerable revenue through ads, and recently the parent company of Google — Alphabet — released it's earning to $46.1 billion for the last quarter of 2019. For the first time, Google revealed how much it was making money only from YouTube. According to the financial report...

The Chinese tech company Xiaomi has plans to launch the successor of Redmi 8 in the first quarter of 2020. Redmi 9 is now part of the new smartphone leaks. According to the news by Android Authority, the upcoming Redmi device is power-packed with powerful processors...