Honda’s new Motocompacto e-scooter is stolen straight from my dreams

September 14, 2023
Honda has a new e-scooter called the Motocompacto, which has an aesthetic that I would describe as ‘irresistibly, heartbreakingly dorky and adorable.’ The all-electric Motocompacto is inspired by the Motocompo the company sold in the early 1980s, which also featured a foldable design but which of course featured an internal-combustion engine. The new Motocompacto features […]

Armed with First Republic alums, Citizens Bank unveils new startup-focused private bank

September 14, 2023
When Silicon Valley Bank imploded in March, Sam Heshmati wasn’t naive enough to think that First Republic Bank — where he had worked for more than a decade and helped launch their startup practice — wouldn’t be affected. He recalls watching everything unfold at his former employer with both sadness and surprise. “When SVB went […]

LastMile AI closes $10M seed round to ‘operationalize’ AI models

September 14, 2023
LastMile AI, a platform designed to help software engineers develop and integrate generative AI models into their apps, has raised $10 million in a seed funding round led by Gradient, Google’s AI-focused venture fund. AME Cloud Ventures, Vercel’s Guillermo Rauch, 10x Founders and Exceptional Capital also participated in the round, which LastMile co-founder and CEO […]

Caesars Entertainment says customer data stolen in cyberattack

September 14, 2023
Hotel and casino giant Caesars Entertainment said Thursday that hackers stole a huge trove of customer data in a recent cyberattack, confirming recent media reports. Caesars said in an 8-K notice with federal regulators filed before markets opened on Thursday that hackers stole a copy of the company’s loyalty program database, which includes driver’s license […]

Hackers claim MGM cyberattack as outage drags into fourth day

September 14, 2023
MGM Resorts continues to battle a widespread outage after a cyberattack forced it to shut down systems across its properties. The hotel and entertainment giant, which operates a number of hotels and casinos on the Las Vegas Strip including the Bellagio, Aria and Cosmopolitan, shut down large parts of its internal networks on Sunday. This […]

Defence AI startup Helsing breaks the record for European AI, raising a $223M Series B

September 14, 2023
Helsing, a ‘Defence AI’ startup backed by Spotify founder Daniel Ek which had previosuly raised €102.5 million, has today pulled in another €209 million ($223 million) in a Series B funding round led by General Catalyst. Swedish heavy industry and defence group Saab is joining as a strategic investor, deepening what was previously an existing […]