July 2023

Can dltHub solve the Python library problem for AI? Dig Ventures thinks so

July 20, 2023
Python is the preferred programming language in AI, however, most organisations can’t incorporate their Python developers into legacy data infrastructure. That means they miss out on pulling the benefits of AI into the org. However, there has been a lack of open source python library for developers designed around AI workflows. DLT (short for data […]

Michael Moritz moves on, bookmarking a long chapter at Sequoia Capital

July 20, 2023
Michael Moritz, the journalist-turned-VC who has long been one of the most prominent and respected investors at Sequoia Capital, has left firm to “deepen his advisory relationship” with Sequoia Heritage, the wealth management unit he spun up in 2010 with longtime Sequoia colleague Doug Leone and on whose board he has sat for years. The […]

China’s OpenAI challenger Zhipu AI gets Meituan funding

July 20, 2023
Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap of around $100 billion at the time of writing. An affiliate of Zhipu AI recently added a Meituan subsidiary as its shareholder, which now owns a 10% stake in the […]

Netflix brings password-sharing crackdown to India and every other market

July 20, 2023
Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today, the global streaming giant said after a limited rollout of the restriction helped the firm sign up 5.9 million subscribers in the quarter ending June. The streaming giant said it will start to address account sharing between households in almost […]

Farizon, Geely’s truck unit, raised $600M to expand outside China

July 20, 2023
Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China. A key focus for Farizon’s expansion will be Europe, where the automaker plans to […]

With $37M seed round, Maka Motors begins EV pilot on Indonesia’s streets

July 20, 2023
A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022. Moreover, as much as half of the overall motorbike market in Southeast Asia could be replaced by electric two-wheelers by 2030, McKinsey associate partner Rahul Gupta said at the G20 summit last […]

Kitchen robot Botinkit raises $13M from DJI angel and others

July 20, 2023
Having worked in the food industry for several years, Shirley Chen saw firsthand the challenges of managing staffing and training for restaurant expansion. So when she met her future co-founders, she saw an opportunity to leverage their expertise in chemistry and electrical and electronic engineering, along with her own food and beverage background, to start […]

Tesla to license FSD to other OEMs, allow transfer of FSD to new cars

July 20, 2023
Tesla CEO Elon Musk confirmed Wednesday that the automaker is “in discussion with major OEMs about using Tesla FSD.” Tesla Full Self-Driving is the automaker’s beta advanced driving assistance system (ADAS) that can automate driving tasks on highways and urban streets. If other automakers were to adopt FSD technology, they would need to onboard both […]