Technology 

Corporate investors pile into electric vehicle startups

DETROIT (Reuters) – Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. FILE PHOTO: A Chevrolet Volt plug-in hybrid vehicle is being charged at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam Some 250 startups involved in some aspect of electrification have attracted more than $20 billion in venture capital, notably from a broad array of corporations across multiple industries, according…

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Technology 

Factbox: Corporate investments in EV startups

(Reuters) – Corporations across a variety of industries – auto, energy, electronics, aerospace, telecom – have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles. FILE PHOTO: An electric car is seen while being charged during the opening of a PTT Pcl energy firm’s commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva Here is a short list of prominent non-automotive corporate investors and the electrification startups they have funded: Intel Corp (technology): Prieto, Qnovo, Enovix,…

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Technology 

Start-ups hopeful as China readies Nasdaq-style tech board

SHANGHAI/HONG KONG (Reuters) – China’s ambitions for a Nasdaq-style board for start-ups have galvanized the country’s tech companies who are hopeful they can sidestep complex IPO hurdles and access easier funding. FILE PHOTO: Investors look at computer screens showing stock information at a brokerage house in Shanghai, China September 7, 2018. REUTERS/Aly Song/File Photo The surprise announcement for Shanghai’s planned “technology innovation board” by President Xi Jinping in early November paves the way for a lower listing threshold, potentially scrapping a requirement that aspiring companies must be profitable. For Beijing,…

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Technology 

Morgan Stanley moves to speed up collaboration with tech startups

NEW YORK (Reuters) – Morgan Stanley is simplifying the way it acquires new technologies from small companies to speed up collaboration and address long running concerns by startups that working with big banks is slow and costly. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson The bank has been taking steps to reduce the time it takes to begin working with new vendors by streamlining documentation and broadening the opportunities for executives to evaluate new tech products, Shawn Melamed, Morgan…

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Technology 

Macron to call on U.S. funds to build French start-ups, not steal them

PARIS (Reuters) – French President Emmanuel Macron will urge a visiting group of top Silicon Valley venture capitalists this week to invest in the nation’s start-ups while calling on them not to “steal” the best creations, four sources told Reuters. FILE PHOTO: French President Emmanuel Macron speaks to participants at the Viva Tech start-up techonology summit in Paris, France, May 24, 2018. Michel Euler/Pool via Reuters/File Photo The discreet event, not mentioned in Macron’s official schedule, comes at a tough time for the French leader after rioters looted and ransacked…

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Technology 

U.S. chipmaker Nvidia to provide AI platform for Chinese EV start-ups

FILE PHOTO: Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018. REUTERS/Rick Wilking BEIJING (Reuters) – U.S. chipmaker Nvidia Corp (NVDA.O) has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology, Chief Executive Jensen Huang said on Wednesday. Huang, speaking at an event in the eastern Chinese city of Suzhou, said XPeng and Singulato will use Nvidia’s artificial intelligence (AI) driving chip Xavier and its…

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Technology 

U.S. regulator settles with tech startups over token sale violations

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission settled charges on Friday with two technology companies for improperly offering digital tokens, mandating that they register their offerings as securities and reimburse investors. The action marked the first time the SEC has imposed penalties against tech startups that skirt the regulator’s rules through “initial coin offerings.” It also marks a ramping up of the SEC’s…

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Airspace Technologies raises $20 million as investors pile into logistics startups

SAN FRANCISCO (Reuters) – The latest startup aiming to bring new technology to the business of moving around cargo has raised $20 million in fresh funding, bolstering an already record year of fundraising for companies in the shipping and logistics sector. The chief executive of Airspace Technologies, a nearly 3-year-old startup based in Southern California, told Reuters it raised the money in a funding round led by Silicon Valley-based firm Scale Venture Partners, with help from existing investors including Qualcomm Ventures. The company plans to extend the round and raise…

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Technology 

NATO looks to startups, disruptive tech to conquer emerging threats

NATO signs are seen ahead of the Summit in Brussels, Belgium, July 10, 2018. REUTERS/Paul Hanna/File Photo BERLIN (Reuters) – NATO is developing new hi-tech tools, such as the ability to 3D-print parts for weapons and deliver them by drone, as it scrambles to retain a competitive edge over Russia, China and other would-be battlefield adversaries. General Andre Lanata, who took over as head of the NATO transformation command in September, told a conference in Berlin that his command demonstrated over 21 “disruptive” projects during military exercises in Norway this…

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Technology 

Ex-Apple engineers show their startup’s self-driving car sensor

SAN FRANCISCO (Reuters) – Two former Apple Inc engineers on Monday gave new details about the sensor system their startup company, Aeva Inc, is making to help self-driving cars see the world around them. Aeva Inc. co-founders Soroush Salehian (L) and Mina Rezk (R) are seen at the start-up company’s headquarters in Mountain View, California, U.S. in this handout released on September 28, 2018. Courtesy Aeva Inc/Handout via REUTERS Aeva was founded by Soroush Salehian and Mina Rezk, who both left Apple’s Special Projects Group that houses the iPhone maker’s…

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