Ford taps Apple exec to lead new software services unit

August 14, 2023
Ford has hired Peter Stern, a former executive at Apple, to lead its newly formed Ford Integrated Services unit. The unit will create and market software-enabled customer experiences across Ford’s three business units: Ford Blue, for gas and hybrid vehicles, Model e for connected EVs, and Ford Pro for commercial products. As the era of […]

Millions of Americans’ health data stolen after MOVEit hackers targeted IBM

August 14, 2023
Millions of Americans had their sensitive medical and health information stolen after hackers exploiting a zero-day vulnerability in the widely used MOVEit file transfer software raided systems operated by tech giant IBM. Colorado’s Department of Health Care Policy and Financing (HCPF), which is responsible for administering Colorado’s Medicaid program, confirmed on Friday that it had […]

Amazon taps generative AI to enhance product reviews

August 14, 2023
Amazon announced this morning it will begin to leverage generative AI to help customers better understand what customers are saying about a product, without necessarily having to read through dozens of individual reviews. The retailer says it will use the new technology to provide a short paragraph of text right on the product detail page […]

Another $100M for AI, why not

August 14, 2023
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Here’s the rundown from this morning: […]

Altos challenges lidar’s dominance in autonomous driving with 4D image radar

August 14, 2023
As lidar technology becomes the industry standard in powering autonomous vehicles, a young startup called Altos Radar is stepping up to challenge the light-based remote sensing technology with 4D millimeter wave radar. Based in California and founded in January, Altos Radar recently raised its first round of funding of $3.5 million from ZhenFund, Monad Ventures, […]

CoinDesk to cut staffing ahead of potential sale

August 14, 2023
CoinDesk, a crypto media business owned by Digital Currency Group, is reducing its workforce according to an internal email viewed by TechCrunch. “…several roles, predominantly in our media team, were impacted by a reduction in force,” Kevin Worth, CEO of CoinDesk wrote in the note. Last month, the Wall Street Journal reported that the media […]