BNPL vendor Splitit moves to go private in exchange for fresh funds

August 16, 2023
As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today announced that it has a $60 million “capital commitment” from strategic investors including Thorney Investment Group, Parea Capital and Motive Partners. Bringing the startup’s total […]

Researchers are helping robots teach themselves to open dishwashers and doors

August 16, 2023
You’ve surely seen all of those videos of robots opening and walking through doors. The dirty little secret is that most or all of them involved a good bit of human hand holding. That can come in the form of manual remote guidance wherein a user remotely controls the process in real-time or a guided […]

EV maker Vinfast still worth more than Ford and GM after stock tanks 19%

August 16, 2023
Vietnamese EV maker VinFast’s debut Tuesday on the Nasdaq public exchange was nothing short of remarkable. The automaker, which went public via a merger with special purpose acquisition company Black Spade Acquisition, saw shares catapult 68% to close at $37.06 — giving it a valuation of $86 billion, a figure far above Ford, GM and […]