Matrix rebrands India, China units for ‘organizational independence’

June 29, 2024

Matrix is rebranding its India and China entities, becoming the latest venture firm to distance its international franchises. The U.S.-headquartered venture capital firm will retain its name, while Matrix Partners India will rebrand to Z47 and Matrix Partners China will rename itself MPC. The unexpected rebranding takes effect July 1. Notably, Matrix’s announcement referred to […]

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Amazon hires founders away from AI startup Adept

June 28, 2024

Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders […]

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YC alum Fluently’s AI-powered English coach attracts $2M seed round

June 28, 2024

There are plenty of resources to learn English, but not so many for near-native speakers who still want to improve their fluency. That description applies to Stan Beliaev and Yurii Rebryk, and this is what inspired them to create Fluently. Making use of AI, Fluently operates as a coach that gives users feedback and tips […]

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NASA and Boeing deny Starliner crew is ‘stranded’: “We’re not in any rush to come home”

June 28, 2024

NASA and Boeing officials pushed back against recent reporting that the two astronauts brought to the ISS on Starliner are stranded on board. The companies said in a press conference Friday that they are using “the luxury of time” to learn as much about the capsule as possible before it returns to Earth.  The two […]

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