Ford invests $1 billion in Pittsburgh-based Argo AI to build self-driving cars by 2021

City traffic at night Ford has invested $1 billion in a joint venture with Argo AI, a Pittsburgh-based company with ties to Carnegie Mellon. The goal is to completely outfit Ford vehicles with self-driving technology. Interestingly this isn’t a case of a large company simply hiring talent but the creation of an entirely separate company with an independent equity structure. Ford is the “majority… Read More

Theranos might be on life support

theranos_paloalto_hq_1 It probably comes as no surprise Theranos, the blood testing technology company once worth billions, is struggling to survive. A new report from the Wall Street Journal says the company had just $200 million cash on hand left at the end of 2016 – a quarter of its $800 million in total funding. According to the Journal’s investor sources, Theranos disclosed that number on a… Read More

Theranos might be on life support

theranos_paloalto_hq_1 It probably comes as no surprise Theranos, the blood testing technology company once worth billions, is struggling to survive. A new report from the Wall Street Journal says the company had just $200 million cash on hand left at the end of 2016 – a quarter of its $800 million in total funding. According to the Journal’s investor sources, Theranos disclosed that number on a… Read More

Transcend VR sues investor Mike Rothenberg for fraud and breach of contract

Mike Rothenberg Mike Rothenberg has been in a heap of trouble over a series of purportedly fraudulent transactions within his investment firm Rothenberg Ventures and his virtual reality startup River Studios. Now Transcend VR, as first reported in the Wall Street Journal, is suing the venture capitalist on allegations of fraud, breach of contract and deceptive diversion of funds. Transcend, which filed… Read More

Jaguar launches in-car payments at Shell gas stations

imgp5939-edit-edit-edit-2-edit-2 In a first for in-car convenience features, Jaguar is teaming up with Shell to launch a new payment feature that lets you use Apple Pay or PayPal (with Android Pay coming later on) to easily pay for gas right within their vehicles at the pumps. The feature is coming to the UK first, but will roll out around the world after that. The feature requires installation of the Shell app to make… Read More

Tech workers demonstrate in downtown San Francisco against Trump’s immigration plans

fullsizerender Trump recently tried to ban anyone from a list of seven Muslim-majority countries from coming into the United States. The Ninth Circuit Court has thwarted those efforts so far, though Trump plans to appeal that decision. Meanwhile, many legal citizens, green card holders and even those born here have faced scrutiny at the border. And here in Silicon Valley, that ban and other efforts… Read More