Duncan Riley
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Report: Self-driving car startup Aurora raising $500M on $2B valuation
Palo Alto, California-based self-driving car startup Aurora Innovation Inc. is in the process of raising a venture capital round of about $500 million on a $2 billion evaluation, according to an unconfirmed report. Recode claimed that the round will be led by legendary Silicon Valley venture capital firm Sequoia Capital and may be one of the firm’s largest ...
Self-driving vehicle delivery startup Udelv teams with Walmart for Arizona pilot
Self-driving vehicle delivery firm Udelv Inc. has signed a deal with Wal-Mart Stores Inc. to use the startup’s autonomous cargo vans deliver goods in a pilot project. The pilot program, which will be based in Surprise, Arizona, was announced today alongside Udelv’s unveiling of a redesigned delivery vehicle, the Newton, at the CES consumer electronics show in ...
Singapore Airlines frequent flyer data exposed following buggy website update
A small number of Singapore Airlines Ltd. frequent flyer members have had their personal data potentially stolen following a software bug that exposed member data on Jan. 4. The bug was introduced to the website of KrisFlyer, the airline’s frequent flyer program, following an update. It allowed members to view information belonging to other travelers. ...
Audi and Disney team up for in-car virtual reality experiences
Car maker Audi AG has spun off its virtual reality division into a new company that has partnered with The Walt Disney Co. to provide in-car VR experiences. Called Holoride GmbH, the company is offering an immersive VR experience synced to the actions of the car the user’s in — fortunately not the driver but ...
Following attack, Coinbase and Kraken suspend Ethereum Classic trading
Coinbase Inc. and Kraken have suspended trading of the Ethereum Classic after a “51 percent” attack caused dual transactions to appear on the cryptocurrency’s blockchain. A 51 percent attack is an attack by a group of miners controlling more than 50 percent of a given cryptocurrency’s mining hash rate, a measure of how much computing power ...
HTC debuts two new virtual reality headsets at CES
Despite waning interest and declining sales, HTC Corp. is pushing ahead with its virtual reality products, debuting two new headsets at this week’s annual CES consumer electronics show in Las Vegas. Leading the list was the Vive Cosmo, a new consumer-friendly headset pitched as easier use and set up than rival devices. The new headset ...
Report: 2018 was the biggest year for venture capital funding since 2000
2018 saw the highest level of venture capital funding since 2000, the last year of the dot-com bubble, according to the latest PwC/CB Insights MoneyTree Report released early Monday. For the year, $207 billion was invested in 14,247 deals across the global, a 21 percent rise over 2017. Total funding in the U.S. increased by 30 percent for ...
Kraken cryptocurrency exchange says more disclosure requests are a burden
San Francisco-based Bitcoin exchange Kraken today released statistics showing that it’s increasingly burdened by disclosure requests, particularly from U.S. law enforcement and regulators. For 2018, Kraken, formally known as Payward Inc., said it had received 475 law enforcement inquiries from global government agencies, with 315 coming from the U.S., nearly triple the number received in 2017. Although that’s seemingly ...
iSurrender: Apple partners with rival Samsung to bring iTunes to smart TVs
In a surprise move, Apple Inc. has partnered with rival Samsung Electronics Co. Ltd. to have the South Korean electronics giant offer support for iTunes on its smart televisions. Marking the first time support for the Apple ecosystem has been offered outside of the company’s own television products, iTunes Movies and TV Shows and Apple AirPlay ...
Blur password manager exposes 2.4M users on misconfigured AWS cloud instance
Abine Inc., the company behind the Blue password manager and DeleteMe privacy-protection service, has admitted that it accidentally exposed data relating to 2.4 million users on a misconfigured Amazon Web Services Inc. instance. The company made the announcement on Dec. 31, making it the last AWS storage issue of the year. The file with user data ...