Toyota said Tuesday it will invest $912 million in five US factories to increase production of hybrid vehicles to meet rising demand. The investment in hybrid vehicles – in which Toyota is a market leader – is part of the Japanese automaker’s recent announcement to spend up to $10 billion over the next five years…
Ah, the essentials of life: death, taxes, and crow eating on the Internet. Infrastructure service Cloudflare faced massive outages on Tuesday morning, shutting down access to many popular platforms like ChatGPS, Cloudflare, Spotify and others. Outage also hits Elon Musk’s ex, just a month after CEO praised it widespread aws outageWhich included encrypted messaging service…
Data intelligence company Databricks is reportedly in talks to raise fresh capital just months after its last fundraise. Databricks is in talks to raise a funding round, which it says values the company at least $130 billion. reporting from informationThe report states that the company has not yet signed the term sheet, This would prove…
A year ago, e-commerce giant Amazon launched its new online car sales business HyundaiNow, Ford is joining forces with a certified used car twist, ford announced On Monday, customers will be able to shop, finance and purchase certified pre-owned Ford vehicles amazon autoThe partnership still keeps the dealerships – a major revenue driver for Ford…
One area outside of AI where investors are still bullish is expense management fintech, at least if the ramp to 2025 is judged. Every few months, Ramp raises another huge amount at another huge new valuation. On Monday, the fintech announced it had raised $300 million led by Lightspeed, which also included an employee tender…
DoorDash disclosed a data breach that exposed the personal information of an unspecified number of users, including names, email addresses, phone numbers, and physical addresses. Despite the fact that hackers stole phone numbers and physical addresses, DoorDash said that “no sensitive information was accessed by unauthorized third parties and we have no indication of the…
Amazon founder Jeff Bezos is getting his hands dirty once again: The billionaire is partially backing a new AI startup called Project Prometheus, which has raised $6.2 billion in funding, and will take over as co-chief executive of the new venture, The New York Times reports. informedCiting multiple sources familiar with the project. Bezos will…
The death of a neighborhood bodega cat named Kit Kat has rocked San Francisco’s Mission District, According to The New York Times, After Kit Kat was crushed by a Waymo robotaxi on the evening of October 27, locals built a shrine in her memory. The area has also been decorated with competing signs, some criticizing…
Apple is getting serious about succession planning, according to A new report from The Financial Times, The company’s board and senior executives are reportedly preparing for the possibility that Tim Cook may step down as CEO early next year. This will come after Apple’s earnings report in late January, giving the new leadership team time…
JPMorgan Chase says it has been billed a total of $142 million in legal fees to defend Charlie Javis and Olivier Amar, the founder and chief marketing officer of financial aid startup Frank, respectively. JPMorgan acquired Frank for $175 million in 2021, but earlier in the year, Javis and Amar were found guilty of defrauding…
