Ford is going to be focusing on electrification across its lineup in China, with plans to electrify most of its vehicle offerings in the country by 2025, Reuters reports. The long-term plan will begin with the launch of a plug-in hybrid electric sedan called the Mondeo Energi with local partner Changanin China in 2018, and then a fully electric SUV sometime within the next five years,… Read More
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Microsoft couldn’t wait until E3 in June to unveil the Scorpio, so the company shared some details with Digital Foundry and we now know all of Project Scorpio’s tech specs. As expected, it’s going to be by far the most powerful gaming console out there.
The console GPU will be able to process six trillion floating point operations per second, or six teraflops for short. Read More
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London-based Triptease, a startup that offers a SaaS to help hotels increase direct sales and therefore keep more revenue, has closed a $9 million Series B. The new round was led by BGF Ventures, with participation from existing investors Notion Capital and Episode 1 Ventures. Read More
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Microsoft’s name isn’t exactly synonymous with social networking, though that hasn’t stopped the company from finding angles into this space – generally, with more of a focus on the business side of socializing, as with its LinkedIn and Yammer acquisitions. It’s own efforts in social, meanwhile, have failed, as with last month’s shuttering of its social… Read More
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The timing was perfect. Just as startups were settling into NYU and ffVC’s new brains-meet-money accelerator, “AI Nexus Lab,” Uber acquired Geometric Intelligence. In a stroke of luck, the startup that would become Uber’s AI lab happened to have been raised by NYU Tandon’s Data Future Labs. Uber’s interest in Geometric helped solidify New… Read More
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Canonical, the company behind the Ubuntu Linux distribution, long had aspirations to become a player in the mobile phone and tablet world, too. You can’t easily buy an Ubuntu-powered phone today (at least not in the U.S.), but over the years, a few have come and gone. As Canonical founder Mark Shuttleworth announced today, however, the company will end its investment in the phone… Read More
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It’s actually a pretty great URL: Bus.com. It’s also a much better brand identity than Sharethebus, which is the old name of the company that just raised a $5 million Series A round from Jackson Square Ventures and BMW’s i Ventures investment arm. Bus.com is the destination you’d expect to head to for what the company does, which is organize charter bus trips for… Read More
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Eyeo, the parent company behind AdBlock Plus, announced this morning that it has acquired Flattr. The two companies were already working together on a project initially called Flattr Plus, where users can allocate a monthly payment to online publishers. The money is then distributed based on users’ engagement with different sites and articles. This sounded pretty similar to what Flattr… Read More
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Monzo, one of a number of so-called “challenger” banks in the U.K. aiming to re-invent the current account, has had the “restrictions” on its banking license lifted and says it will begin rolling out full current accounts to its pre-paid card and beta app users. 
Dojo Madness, a Berlin-based startup that sells analytics and coaching tools to casual and professional online gamers, has raised $6 million in a new round of financing.