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Kia Kokalitcheva / Axios:
Uber confirms it has raised $1B for its autonomous driving unit from SoftBank Vision Fund, Toyota, and Denso, at a valuation of $7.25B   —  Uber on Thursday night confirmed that it has raised $1 billion for its autonomous driving unit at a post-money valuation of $7.25 billion.
Apr 18, 2019, 9:05 PMIn context
Joann Muller / Axios:
US Army demos the first 10 driverless trucks it is developing for convoys, plans 60 more trucks over the next year   —  The Army unveiled new automated vehicle technology this week that could be deployed before self-driving cars hit city streets.  —  Why it matters: More than half …
Apr 12, 2019, 2:35 PMIn context
Dan Primack / Axios:
Sources: Affirm, the online lending startup led by PayPal co-founder Max Levchin, has raised ~$300M Series F at a post-money valuation of $2.9B   —  Affirm, the consumer credit startup led by PayPal co-founder Max Levchin, has raised around $300 million in Series F funding, Axios has learned.
Apr 3, 2019, 10:07 AMIn context
Ina Fried / Axios:
Facebook says it will stop asking for email passwords to verify new accounts; previously, it used them to verify accounts whose email addresses didn't use OAuth   —  Responding to criticism, Facebook says it will stop asking users for their email passwords as a means of verifying some new accounts.
Apr 2, 2019, 8:50 PMIn context
Ina Fried / Axios:
Intel has hired Qualcomm CFO George Davis to be its new CFO, filling the vacancy left by Bob Swan after he was named Intel's CEO   —  Qualcomm CFO George Davis is leaving the company today, Axios has confirmed.  Reuters reported earlier Tuesday that he is headed to rival chipmaker Intel.
Apr 2, 2019, 7:25 PMIn context
Ina Fried / Axios:
Google pulls “conversion therapy” app after prominent LGBTQ group Human Rights Campaign suspended Google's ranking from its influential Corporate Equality Index   —  Google is pulling a controversial app that LGBTQ rights groups say engages in a form of conversion therapy …
Mar 29, 2019, 6:45 AMIn context
Dan Primack / Axios:
Lightspeed Venture Partners says VC Chris Schaepe has left the firm after admitting he hired Rick Singer to aid in the college admissions process for his son   —  Silicon Valley venture capitalist Chris Schaepe is out at Lightspeed Venture Partners, after telling his partners …
Mar 27, 2019, 2:28 PMIn context
Axios:
Pinterest generated $756M in revenue and $63M net loss in 2018, compared to $473M in revenue and $130M million net loss in 2017, according to public IPO filing   —  Pinterest, the social bookmarking platform, on Friday filed for an IPO that should result in its shares being traded next month on the New York Stock Exchange.
Mar 22, 2019, 4:38 PMIn context
Sara Fischer / Axios:
Bully Pulpit Interactive: from Dec. 30, 2018 through Mar. 10, Trump's campaign spent $3.5M on Facebook ads and $1M on Google, nearly double the Democratic field   —  While Democrats' campaign launches have sucked up national attention, President Trump's re-election campaign has quietly spent nearly twice …
Mar 19, 2019, 6:10 PMIn context
Sara Fischer / Axios:
Facebook settles with ACLU over allegedly discriminatory ads for employment, housing, and credit, paying ~$5M and making changes to prevent discrimination   —  The American Civil Liberties Union (ACLU), has reached a historic settlement with Facebook over advertising practices that allegedly discriminated against minorities.
Mar 19, 2019, 2:17 PMIn context

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