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Y Combinator’s police surveillance darling Flock Safety raises $275M at $7.5B valuation
Flock Safety and one of its long-time VCs, Bedrock Capital, announced Thursday that the startup raised a fresh $275 million at a $7.5 billion valuation. Flock makes computer vision-enabled video surveillance technology used by law enforcement as well as businesses, property management companies, and so on. It’s best known for its automatic license plate recognition […]
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The Download: Amazon’s quantum chip, and preventing battery fires
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Amazon’s first quantum computing chip makes its debut The news: Amazon Web Services has announced Ocelot, its first-generation quantum computing chip. While the chip has only rudimentary computing capability, the company says it…
Amazon debuts Ocelot, its first quantum computing chip
Amazon Web Services (AWS) has introduced Ocelot, its first quantum computing chip. The news brings it into line with its big cloud rivals Microsoft and Google, which have also unveiled their own quantum chips in recent months, respectively Majorana and Willow. The cloud computing giant has long been investing in the quantum computing space, starting […]
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The best time to stop a battery fire? Before it starts.
This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. Flames erupted last Tuesday amid the burned wreckage of the battery storage facility at Moss Landing Power Plant. It happened after a major fire there burned for days and then went quiet…
Amazon’s first quantum computing chip makes its debut
Amazon Web Services today announced Ocelot, its first-generation quantum computing chip. While the chip has only rudimentary computing capability, the company says it is a proof-of-principle demonstration—a step on the path to creating a larger machine that can deliver on the industry’s promised killer applications, such as fast and accurate simulations of new battery materials.…
Unique, a Swiss AI platform for finance, raises $30M
A four-year-old Swiss startup has raised a sizable chunk of change to capitalize on the burgeoning “agentic AI” movement. Unique said on Thursday that it has raised $30 million in a Series A funding round that was led by London-based VC firm DN Capital and CommerzVentures, the investment offshoot of Germany’s Commerzbank. “Agentic AI” is […]
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Taktile helps fintechs build automated decision-making workflows
The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with […]
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Instagram may spin off Reels into a separate app
Meta is mulling launching a standalone app for short-form videos, The Information reported, citing an anonymous source who heard Instagram head Adam Mosseri talking about the project to staff. The project is reportedly code-named Project Ray that aims to improve recommendations for new users and existing users in the U.S., and feature more three-minute videos, […]
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Apple iPhone 16e review: An A18 chip and Apple Intelligence for $599
Apple delivered its latest budget handset, the $599 iPhone 16e, without pomp. There was no big event in person, nor was there one online. No journalists scrambled through hoards of colleagues to snap photos of the phone. Instead, CEO Tim Cook tweeted out that new hardware was on the way, days before Apple announced the […]
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