Category: Daily Digest
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Reed Jobs, Steve Jobs’ Son, Launches $200 Million Fund for Innovative Cancer Treatments
Reed Jobs, son of Steve Jobs, is revolutionizing venture capital with his project “Yosemite,” funding groundbreaking cancer treatments. Learn more here.
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SoftBank Sues Defunct Social App IRL for $150 Million: A Tale of Fraud, Fake Users, and Failed Investments
SoftBank is suing defunct app IRL for $150 million, claiming fraud. Investigation revealed 95% of app’s users were fake, raising transparency concerns.
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Pony.ai and Toyota Join Forces: The $139 Million Road to Fully Driverless Robotaxis
Pony. ai joins forces with Toyota to produce fully driverless robotaxis, backed by a $139 million investment. This partnership aims to revolutionize transportation with the integration of autonomous driving technology into electric vehicles. Despite challenges, Pony has a valuation of $8.5 billion.
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Astra Cuts 25% of Workforce, Shifts Focus to Spacecraft Engine Business
Astra, a major player in the space industry, has made significant changes to its workforce, including layoffs and reallocation of staff. These changes are expected to impact the testing of Rocket 4 and Launch System 2.0. Astra is seeking to reduce costs and boost its spacecraft engine business in order to generate revenue. The company…
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Tesla Faces Class Action Lawsuit Over Alleged Range Inflation: A Battle of Trust and Technology
A group of Tesla owners has initiated a class action lawsuit against the U.S. car manufacturer, accusing it of consumer fraud. This legal action comes on the heels of a Reuters investigation that claimed Tesla had been inflating the range estimates of its electric vehicles (EVs) for several years.
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Apple’s Q3 Earnings: iPhone Revenue Dips, Services Soar, and a Secretive Leap into Generative AI
Apple’s Q3 earnings report shows a decline in iPhone revenue but a surge in services revenue, surpassing predictions. CEO Tim Cook highlights success in services and commitment to innovation. Despite challenges in the smartphone industry, Apple claims to have expanded its market share in Greater China. Cook also reveals Apple’s work on generative AI and…