Business – Page 226

Automotive, Business, Mobile Apps, Technology

Carvana Eyes Strategic Expansion into New EVs Through Slate Auto Partnership

Online automotive retailer Carvana has secured an option to acquire equity in Slate Auto, an emerging electric vehicle startup backed by high-profile investors including Jeff Bezos. Regulatory filings indicate that Carvana was granted a warrant to purchase shares in the startup, a move that aligns with the retailer’s broader ambitions to diversify its business model […]

Business, Health, Mobile Apps, Technology

Ultrahuman Reports Data Breach Following Employee Credential Theft

Health technology startup Ultrahuman has confirmed a security breach that resulted in unauthorized access to customer wellness data. The incident, which occurred on March 27, was traced back to an employee whose laptop was compromised by malware, allowing attackers to steal credentials and gain entry to an internal analytics system. Upon detecting the intrusion, the […]

Business, Mobile Apps, Technology

Google’s ‘Dreambeans’ AI Transforms Personal Data into Daily Cartoon-Like Inspiration

Google Labs has unveiled a novel artificial intelligence application named Dreambeans, designed to transform users’ personal data into curated, illustrated “stories.” Available on iOS and Android, the app aims to provide daily lifestyle suggestions, drawing inspiration from a user’s activity across various Google services, including Gmail, Calendar, Photos, YouTube, and Search History. Gozde Oznur, the […]

Business, Finance, Mobile Apps, Technology

Investor Appetite for AI Soars as Alphabet Secures Record $85 Billion for Google’s AI Future

Alphabet, the parent company of Google, has successfully initiated a massive capital raise, signaling robust investor confidence in artificial intelligence ventures. The tech giant initially targeted a $40 billion stock sale but saw overwhelming demand, leading to an oversubscribed offering that ultimately secured $45 billion. This initial tranche, comprising various equity instruments including different classes […]

Business, Mobile Apps, Technology

VR Fitness App Supernatural to Spin Out From Meta as Independent Company

Meta is spinning off its popular virtual reality fitness application, Supernatural, into a newly formed independent company called Supernatural Health. The transition, scheduled to take place later this year, will see the original founders reclaim control of the platform. This move comes after Meta faced significant backlash from the game’s dedicated user base following corporate […]

Automotive, Business, Mobile Apps, Technology

Uber Deploys Fleet of Sensor-Heavy Hyundai EVs to Build Ultimate Self-Driving Dataset

Uber is stepping up its autonomous vehicle ambitions with the unveiling of a specialized prototype vehicle designed to gather massive amounts of real-world driving data. In collaboration with Roush Performance, the ride-hailing giant has retrofitted Hyundai Ioniq 5 electric vehicles with an extensive array of sensors. This initiative marks a significant milestone, representing the first […]

Business, Mobile Apps, Startups, Technology

Lovable Scales AI Operations Through Strategic Multiyear Google Cloud Expansion

Stockholm-based startup Lovable has entered into a significant multiyear agreement with Google Cloud, marking a major expansion of its infrastructure usage. The deal, which reportedly includes a fivefold increase in the company’s cloud footprint, positions Lovable to aggressively scale its AI-driven coding solutions. By deepening this partnership, the startup gains enhanced access to advanced AI […]

Business, Finance, Mobile Apps, Startups

Quality Over Speed: Indian Grocery Startup FirstClub Doubles Valuation to $255 Million

In a rapidly evolving digital grocery landscape where delivery speed often dominates the headlines, Bengaluru-based startup FirstClub is proving that product quality and curation can be equally powerful drivers of growth. The company has successfully secured $55 million in a Series B funding round, effectively doubling its valuation to $255 million just nine months after […]

Business, Stocks

Macy’s Signals Turnaround Success with Strongest Q1 Growth in Four Years

Macy’s has reported its most robust fiscal first-quarter performance in four years, signaling that the department store’s ongoing multi-year turnaround strategy is gaining significant traction. The company achieved a 3% increase in comparable sales during the quarter, bolstered by a 10.2% surge at its Bloomingdale’s banner and steady improvements across its namesake locations. This growth […]

Business, Stocks, Technology

Meta Pivots Toward AI Agents to Diversify Revenue Beyond Advertising

Meta is making a significant strategic push to reduce its heavy reliance on digital advertising by launching a new suite of AI-powered tools for businesses. The company has introduced the ‘Meta Business Agent,’ a feature integrated into the recently announced Meta One subscription service. This tool is designed to empower companies of all sizes to […]