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United Kingdom

Jane Lanhee Lee

Data shows companies that raised funds in 2020 also approved for U.S. PPP loans

6:15am BST

Several Silicon Valley firms backed by venture capitalists were unsure over whether to apply for a U.S. pandemic aid program, but data analyzed by CB Insights shows a big chunk of companies that raised funds this year also applied for the aid.

SoftBank-backed startups among those approved for U.S. paycheck loan program

07 Jul 2020

OAKLAND, Calif. Four technology startups backed by SoftBank Group Corp's $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday.

SoftBank-backed startups among those approved for US paycheck loan program

06 Jul 2020

OAKLAND, Calif., July 6 Four technology startups backed by SoftBank Group Corp's $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday.

Mercedes-Benz, Nvidia deepen autonomous driving alliance

23 Jun 2020

Semiconductor maker Nvidia Corp has struck a deal with Germany's Daimler to develop and equip Mercedes-Benz cars with a next generation chip and software platform that could eventually be used for autonomous driving functions.

Mercedes-Benz cars to be built on Nvidia autonomous driving platform from 2024

23 Jun 2020

Semiconductor maker Nvidia Corp said on Tuesday it struck a deal with Germany's Daimler Mercedes-Benz to provide cars produced from 2024 with a chip and software platform that can eventually be used for autonomous driving functions.

Mercedes-Benz cars to be built on Nvidia autonomous driving platform from 2024

23 Jun 2020

June 23 Semiconductor maker Nvidia Corp said on Tuesday it struck a deal with Germany's Daimler Mercedes-Benz to provide cars produced from 2024 with a chip and software platform that can eventually be used for autonomous driving functions.

Japanese insurer Sompo investing $500 million in data analytics firm Palantir

19 Jun 2020

Palantir Technologies Inc on Thursday said that Japanese insurance holding company Sompo Holdings Inc  is investing $500 million in the Silicon Valley data analytics company, whose clients range from global banks to the U.S. government and the Central Intelligence Agency.

Honeywell launches new business unit to capture drone market

15 Jun 2020

Honeywell International Inc, a major supplier of aerospace products, said Monday it launched an unmanned aerial systems business to bet on the autonomous aviation space – drones, air taxis, and unmanned cargo delivery vehicles.

GM Cruise tries to poach Zoox engineers as company for sale

05 Jun 2020

Self-driving technology company Cruise, a unit of General Motors Co’s , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.

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