Robotics Startup Kindred AI Acquired for $262 Million
British online grocery firm Ocado Group has acquired Kindred AI, which developers industrial robotic arms for use in e-commerce warehouses.
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SoftBank, Mubadala Double Down on Parking Lot Bet
The financing accompanies an additional $300 million real estate fund that Reef spun up with asset management giant Oaktree Capital Management.
Fox Corp Reports Drop in Ad Revenues
TV companies have mostly reported lower ad revenues for the September quarter, a contrast to the better than expected ad growth reported by tech firms such as Alphabet, Facebook, Pinterest and Snap.
China’s Regulators Halt Ant Group’s $37 Billion IPO
China's stock market operator said Ant may not meet listing qualifications due to significant changes in regulations in the industry.
Autonomous Driving Startup Pony.ai Teams Up With Chinese State-Owned Carmaker FAW
Pony.ai said it raised money from Chinese state-owned carmaker FAW Group, which will use the software in its luxury electric cars and also in its trucks.
Chinese Online Services App Meituan Considers Second Listing in China
Meituan follows other Chinese firms looking to list back home to give local investors more access to its shares and as a hedge against the U.S.-China trade war.
Beijing Tells Ant Group Executives That It Could Face New Curbs
The warning underscores the Chinese government’s efforts to rein in its big tech firms to ensure they don’t grow too powerful.
Twitter Board Says CEO Dorsey Should Keep His Job
The board cited Twitter’s “significantly improving product” and “financial performance through the most recently reported quarter” as reasons for the decision.
VMware’s Americas Sales Chief Departs
Dominick Delfino, a six-year VMware veteran who has spent the past two years leading its sales organizations in the Americas, has left the company.
Aeva to Go Public in $2.1 Billion SPAC Merger
The deal will lift the LiDAR startup to almost five times its last private market valuation.
Apple Likely to Debut New Macs at Nov. 10 Event
Apple sent out invitations for a virtual event Nov. 10 expected to feature new Mac computers, the company's first based on Apple-designed chips.
Several SoftBank Vision Fund Partners Depart
The departures follow a tumultuous year for SoftBank, which has sold off a slew of assets to reduce its debt.
India’s Future Retail Says It Will Ignore Amazon Dispute Order
The dispute highlights how fierce the retail and e-commerce market is in India, where Amazon is batting it out with Reliance and Walmart for market share.
Startups, Investors Concerned Over Tighter H-1B Visa Rules
The tighter rules are part of a pledge by President Trump to promote the hiring of American workers over foreign workers.
Huawei Plans New Chip Manufacturing Plant in China
Huawei is trying to secure supplies of semiconductors as it struggles to cope with U.S. sanctions that have limited its access to key chip manufacturers.
U.S. Government Says It Will ‘Vigorously Defend’ TikTok Ban
The judge on the case said the “government’s own descriptions of the national security threat posed by the TikTok app are phrased in the hypothetical."
Dropbox CTO Departs a Year After Joining
Dropbox, which is facing long-term declines in revenue growth and paying customers, won't be hiring a new CTO.
Sony Closes In on Deal for Crunchyroll
The reported price for the streaming service is around $1 billion.
Under Armour Sells MyFitnessPal to Investment Firm
Under Armour made a big splash with the 2015 purchase of MyFitnessPal but the pandemic has stressed its retail business.
Airbnb to Launch ‘Host Endowment’
The announcement likely represents the company's effort to ensure hosts feel included by the potential windfall of the IPO.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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