OpenAI hires team behind AI recommendation startup Crossing Minds
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May Mobility’s driverless microtransit might beat robotaxis to profitability
Autonomous vehicle company May Mobility has launched its first driverless on-demand microtransit service on public roads in Sun City, Arizona in partnership with transit tech company Via. The milestone is in line with May Mobility’s goal of launching rider-only operations by 2023. It also signals that the gentle onramp approach to commercializing autonomy could be […]
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Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding
Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund […]
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Cruise cuts a quarter of its self-driving workforce, another e-scooter startup folds and a special year-end message
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. […]
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A Christmas Miracle? Kentucky Boss Gifted Her Staff Lottery Tickets—And They Won $50,000. ‘This Is Going to Help a Lot of People.’
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IT budgets should increase in 2024, but it still could be tough going for startups
What does it all mean for startups entering 2024? It means they have to prove their worth more than ever.
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Fintech’s wild ride in 2023
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! What a year This is the last edition of The Interchange for 2023 — it’s hard to believe that the […]
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The Rule of X and how cloud leaders should think about growth versus profit
Assigning equal weight to growth and profitability for late-stage businesses is flawed and has caused misguided business decisions.
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