Alibaba-backed facial recognition startup Megvii raises $750 million

One of China’s most ambitious artificial intelligence startups Megvii, more commonly known for its facial recognition brand Face++, announced Wednesday that it has raised $750 million in a Series D funding round. Founded by three graduates from the prestigious Tsinghua University in China, the eight-year-old company specializes in applying its computer vision solutions to a […]

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Steve Singh stepping down as Docker CEO

In a surprising turn of events, TechCrunch has learned that Docker CEO Steve Singh will be stepping down after two years at the helm, and former Hortonworks CEO Rob Bearden will be taking over. An email announcement, went out this morning to Docker employees. People close to the company confirmed that Singh will be leaving […]

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Trump’s China tariffs are getting a major increase on Friday

The stock market has already seen some wild fluctuations this week in anticipation of the latest volley in a trade war ramping up between the U.S. and China. Now it seems the President is making good on his promise to further increase tariffs on goods from the country. Reuters is reporting that the U.S. is […]

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Samsung spilled SmartThings app source code and secret keys

A development lab used by Samsung engineers was leaking highly sensitive source code, credentials and secret keys for several internal projects — including its SmartThings platform, a security researcher found. The electronics giant left dozens of internal coding projects on a GitLab instance hosted on a Samsung-owned domain, Vandev Lab. The instance, used by staff […]

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SoFi launches gig-focused ETF

SoFi is one of the leading fintech startups to emerge from San Francisco and breach the financial markets. Originally started as a way to better finance student debt, it has since expanded to include products targeted at personal loans and home loans. Today, the company announced a new index fund product focused on the gig […]

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Bird is now selling its electric scooters directly to consumers

Bird, recognizing the growing possibility that people will want to own electric scooters rather than share them, is launching a new scooter model available for purchase. Called the Bird One, it will be available for ownership and shared use cases. Bird is also ditching the Ninebot ES and relying on its own M365 model for […]

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Sumo Logic announces $110M Series G investment on valuation over $1B

Sumo Logic, a cloud data analytics and log analysis company, announced a $110 million Series G investment today. The company indicated that its valuation was “north of a billion dollars,” but wouldn’t give an exact figure. Today’s round was led by Battery Ventures with participation from new investors Tiger Global Management and Franklin Templeton. Other […]

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Iguazio brings its data science platform to Azure and Azure Stack

Iguazio, an end-to-end platform that allows data scientists to take machine learning models from data ingestion to training, testing and production, today announced that it is bringing its solution to Microsoft’s Azure cloud and Azure Stack on-premises platform. The 80-person company, which has received a total of $48 million in funding to date, aims to […]

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