Toyota just invested $349 million in the flying taxi startup Joby Aviation. The two companies say they will work together, Joby sharing its all-electric vertical take-off and landing (eVTOL) expertise and Toyota lending its knowledge of manufacturing...
Toyota invests $349 million in flying taxi startup Joby Aviation
Toyota just invested $349 million in the flying taxi startup Joby Aviation. The two companies say they will work together, Joby sharing its all-electric vertical take-off and landing (eVTOL) expertise and Toyota lending its knowledge of manufacturing...
Chinese gaming giant Tencent has its fingers in the pie of yet another well-known developer. PlatinumGames chief Kenichi Sato has confirmed that his company took a "capital investment" from Tencent as part of a "basis for partnership." Sato didn't...
Over the past year, Facebook has been working to put together a content oversight board. We've heard Mark Zuckerberg's vision, and Facebook shared a charter outlining its rules. Now, Facebook is committing $130 million to the effort.
Square kept introducing new features for its Cash app over the past years until it's no longer just meant for sending and receiving money from friends. Last year, the company launched the ability to instantly buy and sell bitcoin, allowing users to t...
Apple has announced that it's investing $250 million into display glass supplier Corning, on top of the $200 million it put in in 2017. The money will help Corning develop glass technology that's "specific to Apple," including "state-of-the-art glass...
Rivian won't even release its first electric truck until late 2020, but that isn't stopping the company from receiving its third big funding infusion this year. Cox Automotive, the company behind Autotrader and Kelley Blue Book, has made a $350 mill...
Today, Microsoft announced that it's investing $1 billion in the Elon Musk-founded company OpenAI. The two companies will work together to bring supercomputing technologies and AI to Microsoft Azure. And OpenAI will run its services exclusively in Mi...
Facebook wants to give Oculus a boost by acquiring game studios and signing exclusive deals for VR versions of well-known games. According to The Information, Facebook plans to bring Assassin's Creed and Tom Clancy's Splinter Cell to Oculus Quest and...
It took more than a year, but GM's self-driving company is close to receiving a giant cash infusion. Cruise Automation confirmed to Reuters that the Committee on Foreign Investment in the US (CFIUS) had approved SoftBank's $2.25 billion investment i...
Now that Disney is in charge of Hulu, the streaming service is going to get more original content. Hulu CEO Randy Freer told CNBC that Hulu's "investment in original programming will increase significantly." Freer credits the change to "the capacity...