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Amazon to invest $233M to enhance its India infrastructure

techcrunch.com Ram Iyer 2025-09-08 05:34:55

In Brief Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in the country. “This investment will enhance processing capacity, improve fulfilment speed, and increase efficiency across the company’s operations network,

Topics: amazon company delivery investment said
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Texas Instruments pledges 'historic' $60bn US chip investment

feeds.bbci.co.uk Unknown 2025-09-08 18:19:57

Texas Instruments pledges 'historic' $60bn US chip investment Texas Instruments operates 15 sites around the world, including facilities in the US and Asia Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a

Topics: chip instruments investment manufacturing texas
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Texas Instruments to make 'historic' $60bn US chip investment

feeds.bbci.co.uk Unknown 2025-09-08 23:19:57

Texas Instruments to make 'historic' $60bn US chip investment Texas Instruments operates 15 sites around the world, including facilities in the US and Asia Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a

Topics: chip instruments investment manufacturing texas
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DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams

cnbc.com Mackenzie Sigalos 2025-09-09 21:51:16

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called "pig butchering" scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas. "Thi

Topics: crypto cryptocurrency investment seizure victims
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Grifin secures $11M to make investing less intimidating

techcrunch.com Lauren Forristal 2025-09-09 21:00:00

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured an $11 million Series A funding round, bringing the total amount raised to around $22 million. Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its approach to investing resonates with a lot of users. Grifin also claims approximately 1 million total app downloads and 100,

Topics: grifin investing stock users ventures
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Grifin secures $11M to make investing less intimidating for its female user base

techcrunch.com Lauren Forristal 2025-09-10 17:00:00

Grifin, an investment app that simplifies investing by automatically purchasing stocks in brands where users regularly shop, announced on Wednesday that it has secured a $11 million Series A funding round, bringing the total amount raised to around $22 million. Alongside the announcement, Grifin also revealed it has surpassed 500,000 registered users, indicating that its approach to investing resonates with a lot of users. Grifin also claims approximately 1 million total app downloads and 100,0

Topics: grifin investing stock users ventures
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Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

cnbc.com Ryan Browne 2025-09-13 05:41:59

Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. European defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing. Existing investors Lightspeed Venture Partners, A

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We investigated Amsterdam's attempt to build a 'fair' fraud detection model

news.ycombinator.com Unknown 2025-09-13 06:54:57

METHODOLOGY How we investigated Amsterdam’s attempt to build a ‘fair’ fraud detection model For the past four years, Lighthouse has investigated welfare fraud detection algorithms deployed in five European countries. Our investigations have found evidence that these systems discriminated against vulnerable groups with oftentimes steep consequences for people’s lives. Governments and companies deploying these systems often show little regard for the biases they perpetrate against vulnerable gro

Topics: city flagged investigation model people
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Rice University students design high-tech vest to help blind dogs navigate

techspot.com Skye Jacobs 2025-09-16 13:36:00

What just happened? A playful Houston dog named Kunde inspired a group of Rice University engineering students to tackle a challenge faced by countless pets: how to help blind dogs explore their world without fear or frustration. Their answer is a high-tech vest that could soon offer new independence to visually impaired animals – without the discomfort of traditional aids. The project began when Kunde's owners, Grant Belton and AJ Price, reached out to Rice University's Oshman Engineering Desi

Topics: dog engineering kunde vest wearable
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Meta beefs up disappointing AI division with $15 billion Scale AI investment

arstechnica.com Unknown 2025-09-17 05:02:07

Meta has invested $15 billion into data-labeling startup Scale AI and hired its co-founder, Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market. The deal values Scale at $29 billion, double its valuation last year. Scale said it would “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions,” without giving further details. Scale helps companies improve their artificial intelligence models by pr

Topics: ai investment meta scale wang
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Meta invests $14.8 billion in Scale AI and recruits its CEO

engadget.com Unknown 2025-09-17 09:00:29

Meta has finalized its $14.3 billion investment in Scale AI, which now values the startup that provides other companies with data labeling and model evaluation services for AI training at $29 billion. As part of the deal, Scale AI's founder and CEO Alexandr Wang will be joining Meta. According to The New York Times, Wang will lead Meta's fledgling "Superintelligence lab." A few days ago, several reports came out that Meta chief Mark Zuckerberg has been personally overseeing the recruitment for a

Topics: ai billion investment meta scale
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Shaquille O'Neal settles long-running FTX investor lawsuit for $1.8 million

techspot.com Rob Thubron 2025-09-20 06:15:00

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust What just happened? Shaquille O'Neal's long-running legal issues over his promotion of the now-bankrupt crypto exchange FTX appear to have ended. The former NBA star has agreed to pay $1.8 million to settle claims that he misled investors. In November 2022, a class action lawsuit was launched by investor Edwin Garrison against FTX founder Sam Bankman-Fried, claiming he misled customers and cost inv

Topics: celebrities claims ftx investors neal
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Amazon to invest $20 billion in AI data centers across Pennsylvania

techspot.com Alfonso Maruccia 2025-09-20 05:05:00

What just happened? Amazon Web Services, one of the world's three largest cloud providers, is increasingly focused on artificial intelligence and large language models. The company is now planning a significant expansion of its AI infrastructure initiatives in Pennsylvania. Amazon has announced plans to invest at least $20 billion in new cloud computing facilities across Pennsylvania. The tech giant, founded by Jeff Bezos, says the move reflects its commitment to advancing artificial intelligen

Topics: ai amazon infrastructure investment pennsylvania
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Inside Amsterdam’s high-stakes experiment to create fair welfare AI

technologyreview.com Eileen Guo 2025-09-19 19:00:00

Finding a better way Every time an Amsterdam resident applies for benefits, a caseworker reviews the application for irregularities. If an application looks suspicious, it can be sent to the city’s investigations department—which could lead to a rejection, a request to correct paperwork errors, or a recommendation that the candidate receive less money. Investigations can also happen later, once benefits have been dispersed; the outcome may force recipients to pay back funds, and even push some

Topics: cases check city investigations smart
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Game investments and M&A totaled $17.5B across 985 deals in 2024 | DDM

venturebeat.com Dean Takahashi 2025-06-05 03:00:00

As the games industry moves on from “survive til 25,” 2024 games investment and M&A data revealed recovery and improvement, according to market analyst firm Digital Development Management (DDM). In order to properly compare 2024 to 2023, it’s important to remember that in Q4 2023 Microsoft acquired Activision Blizzard for $68.7 billion, the largest gaming M&A in history by over 5.4 times its nearest counterpart of Take-Two Interactive’s $12.7 billion acquisition of Zynga. Removing Microsoft’s

Topics: 2024 billion investments value volume
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Five of the most important fintech VCs investing heavily in the sector

techcrunch.com Mary Ann Azevedo 2025-06-05 02:30:00

Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG. Granted, this is not the enthusiasm of years past, especially the wild days of 2021. But judging by our inboxes, there is no shortage of venture capitalists still betting big on the space. Below is a list of just a few VC

Topics: fintech fund investments million seed
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Europe risks becoming a 'museum' if it doesn't innovate in AI and deregulate, Swedish PM warns

cnbc.com Ryan Browne 2025-06-05 01:55:26

STOCKHOLM — Europe is at risk of becoming a "museum" if it doesn't soften strict curbs on artificial intelligence technologies and deregulate, Sweden's Prime Minister Ulf Kristersson said Thursday. "I think we really need to step up in Europe ... the American economy, Chinese economy have been growing far faster compared to the European economies over the last 20 years," the premier told attendees of the Techarena event in Stockholm. "If we don't change that, Europe will actually become some k

Topics: ai billion compared europe investment
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