Another of Uber’s longtime executives is leaving the company. Rachel Holt, who’d been with Uber for nearly nine years, said Tuesday that she’s moving on to launch a venture capital firm. Her most recent position at Uber was vice president of the division that oversees bikes, scooters and public transit partnerships. “Making a change like …
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When it comes to AI, Qualcomm’s betting big. The company said on Wednesday that it plans to start a venture fund that will invest at least $100 million in early stage startups working on artificial intelligence. In particular, the fund will look at companies finding ways to do intensive data processing on devices like smartphones and security cameras instead of …
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Andy Rubin, known as the father of Android, has taken a leave of absence as CEO of upstart smartphone maker Essential, according to The Information (subscription required). The Information, citing unnamed people, reported that Rubin left Google three years ago after an internal Google investigation found he had carried on an inappropriate relationship with a subordinate. The people didn’t elaborate …
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Workplace messaging app Slack is now valued at $5.1 billion thanks to an investment from Japanese internet giant SoftBank. The company confirmed Monday that it raised $250 million from SoftBank and other investors, including the venture capital firm Accel Partners, in its most recent funding round. In total, Slack has raised $841 million from investors. The company was valued at …
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A bold plan to rid the web of obnoxious advertising just came one step closer to reality. Browser maker Brave said Monday that it has raised a seed round of $4.5 million, money that will go toward its browser and its technology for replacing conventional web ads with its own. The investors are Founders Fund, the high-profile venture capitalist firm …
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