Porsche invests in battery startup South 8 to boost cold-weather EV performance

May 21, 2024

All cars suffer when the mercury drops, but electric vehicles suffer more than most as heaters draw more power and batteries charge more slowly as the liquid electrolyte inside thickens. Drivers in Chicago found this out the hard way last January after many Teslas failed to charge during a deep freeze. One startup, South 8 […]

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Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B

May 21, 2024

Scale AI, a company that provides data-labeling services for training machine learning models, has raised a $1 billion Series F round from a slew of big-name institutional and corporate investors including Amazon and Meta. The raise, which constitutes a mix of primary and secondary funding, comes amid a boom in AI venture capital megarounds, with […]

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Join me at EmTech Digital this week!

May 21, 2024
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. I’m excited to spend this week in Cambridge, Massachusetts. I’m visiting the mothership for MIT Technology Review’s annual flagship AI conference, EmTech Digital, on May 22-23.  Between the world leaders gathering in Seoul…

Zen Educate raises $37M and acquires Aquinas Education as it tries to address the teacher shortage

May 21, 2024

Zen Educate, an online marketplace that connects schools with teachers, has raised $37 million in a Series B round of funding. The raise comes amid a growing teacher shortage crisis both sides of the pond, with a recent report from ADP Research Institute noting that the global pandemic exacerbated the existing supply/demand imbalance due to […]

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