Hyzon Motors plans to produce fuel cells, including a critical component required to power hydrogen vehicles, at two U.S. factories in a move aimed at kickstarting domestic production at a commercial scale. The hydrogen-powered truck and bus manufacturer has already leased a 28,000-square-foot facility in the Chicago suburb of Bolingbrook and plans to expand it […]
March 1st, 2021 07:32 PM
Known for its innovations in the payments sector, Square is now officially a bank. Nearly one year after receiving conditional approval, Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations. Square Financial Services completed the charter approval process with the FDIC and Utah Department of Financial Institutions, meaning it’s ready for […]
March 1st, 2021 06:52 PM
It's unicorn melting season, with gobs of investors hoping for liquidity while public markets are hot. Expect more Kalturas.
March 1st, 2021 06:41 PM
A startup by an Apple alum that has become home to millions of low-skilled workers in India said on Tuesday it has raised an additional $12.5 million, just five months after securing $8 million from high-profile investors. One-year-old Apna said Sequoia Capital India and Greenoaks Capital led the $12.5 million investment in the startup. Existing […]
March 1st, 2021 06:33 PM
A challenger bank raises funding at a massive valuation, Instagram adds Live Rooms and Google updates Workspace. This is your Daily Crunch for March 1, 2021. The big story: Klarna valued at $31B The Swedish challenger bank and buy-now-pay-later (BNPL) service has raised $1 billion at a post-money valuation of $31 billion. Klarna says it […]
March 1st, 2021 06:10 PM
Google over the weekend began to update many of its flagship iOS apps after a lengthy delay caused by the company’s failure to add Apple’s newly required privacy labels in a timely fashion. Though Google earlier this year said it would “soon” begin to add the labels to its apps as they were updated, it […]
March 1st, 2021 05:59 PM
“You’re seeing a lot of large companies … are now investing significant amounts into really trying to understand their emissions profile and prioritize emission reductions in a data-driven way."
March 1st, 2021 05:49 PM
AWS launched the DeepRacer League in 2018 as a fun way to teach developers machine learning, and it’s been building on the idea ever since. Today, it announced the latest league season with two divisions: Open and Pro. As Marcia Villalba wrote in a blog post announcing the new league, “AWS DeepRacer is an autonomous […]
March 1st, 2021 04:53 PM
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