The Download: Apple’s AI plans, and a carbon storage boom

June 12, 2024
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Apple is promising personalized AI in a private cloud. Here’s how that will work. At its Worldwide Developer Conference on Monday, Apple for the first time unveiled its vision for supercharging its product…

Foresite Capital raises $900M sixth fund for investing in healthcare and life sciences companies

June 12, 2024

Venture fundraising has been a slog over the last few years, even for firms with a strong track record. That’s Foresite Capital’s experience. Despite having 47 IPOs, 28 M&As and 58 FDA-approved drugs under its belt, the 13-year-old multi-stage healthcare and life sciences firm took two years to raise its sixth fund. “Almost all of […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Restate raises $7M for its lightweight workflows-as-code platform

June 12, 2024

When one of the co-creators of the popular open-source stream-processing framework Apache Flink launches a new startup, it’s worth paying attention. Stephan Ewen was among the founding team of the open source project back in 2010 and then later became the CTO of Data Artisans, which aimed to monetize Flink. Alibaba then acquired the company […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Friends & Family Capital, a fund founded by ex-Palantir CFO and son of IVP’s founder, unveils third $118M fund

June 12, 2024

Small VC firms require deep trust, mutual support, and long-term commitment among the partners —a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO and former research VP at Peter Thiel’s Clarium Capital) and John Fogelsong (the son of IVP co-founder Norm Fogelsong) didn’t need to cultivate a family-like relationship before […]

© 2024 TechCrunch. All rights reserved. For personal use only.

How Gogoro’s swap-and-go scooter batteries can strengthen the grid

June 12, 2024
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. If you’ve ever been to Taiwan, you’ve likely run into Gogoro’s green-and-white battery-swap stations in one city or another. With 12,500 stations around the island, Gogoro has built a sweeping network that allows…