Technology

Data may be “the new oil,” but only when it can be extracted and put to use. Today, a five year-old startup called Hammerspace that is giving any kind of data that lease of life is announcing $56 million in funding — its first institutional investment — as it expands its business. Prosperity7 Ventures — […]

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. There’s an AI revolution brewing. Last week, Hollywood’s union for actors went on strike, joining a writers’ strike already in progress—the first time these unions have been on strike simultaneously in…

When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries. Today, a startup that has been an early mover in the area of applying AI, and specifically computer vision, to the world of insurance is announcing a round of growth funding to continue expanding its business. Tractable — […]

The Biden administration has launched its long-awaited Internet of Things (IoT) cybersecurity labeling program that aims to protect Americans against the myriad of security risks associated with internet-connected devices. The program, officially named the “U.S. Cyber Trust Mark,” aims to help Americans ensure they are buying internet-connected devices that include strong cybersecurity protections against cyberattacks.  […]

London-based climate intelligence startup Sylvera has closed another chunky funding round — bagging $57 million in Series B funding led by Balderton Capital, with participation from existing investors Index Ventures, Insight Partners, Salesforce Ventures, Speedinvest, Seedcamp and LocalGlobe. New investors Fidelity Strategic Ventures, Bain & Company and 9Yards Capital are also joining the round. The […]

In the crowded enterprise robotics space, the ability to secure key clients is a crucial differentiator for companies. In the case of Hong Kong-based Rice Robotics, the important order has come from SoftBank. Since January 2021, Rice’s robots, with their cute, cartoonish blinking eyes, have been delivering 7-Eleven products to Softbank staff at the company’s […]

Carbon removal — technology that aims to remove carbon emissions from the environment by breaking it down and turning it into something less harmful — saw a big splash of attention last year after Stripe, Shopify, Meta, Alphabet and more collectively agreed to pump $1 billion into funding removal startups. Today, a London startup called […]

It’s becoming increasingly clear that courts, not politicians, will be the first to determine the limits on how AI is developed and used in the US. Last week, the Federal Trade Commission opened an investigation into whether OpenAI violated consumer protection laws by scraping people’s online data to train its popular AI chatbot ChatGPT. Meanwhile,…