Emerging Tech – SiliconANGLE

Rivian reports first-ever positive gross profit in fourth quarter

Duncan Riley — Thu, 20 Feb 2025 23:23:13 +0000

Electric car maker Rivian Automotive Inc. surprised investors today with its first-ever positive earnings margin in its fiscal 2024 fourth quarter, though its shares were mostly flat in extended trading after the company forecast lower-than-expected deliveries in 2025. For the quarter ended Dec. 31, Rivian reported an adjusted net loss per share of 70 cents, […]

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Microsoft debuts groundbreaking Majorana 1 quantum chip with topological qubits

Maria Deutscher — Wed, 19 Feb 2025 22:28:18 +0000

Microsoft Corp. today debuted the Majorana 1, an eight-qubit chip that it touts as a major breakthrough in quantum computing. The processor is powered by quasiparticles called Majorana zero modes. Qubits made from such quasiparticles are less susceptible to errors than other quantum circuits. As a result, Microsoft believes Majorana 1’s architecture could hold the […]

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AI-powered humanoid robotics company Apptronik raises $350M

Kyt Dotson — Thu, 13 Feb 2025 17:45:17 +0000

Apptronik Inc., the maker of artificial intelligence-powered humanoid robots, today announced it has raised an early-stage $350 million funding round to advance the development of its next-generation robot Apollo. The Series A round was co-led by B Capital and Capital Factory with participation from Google. Humanoid robots have continued to lead industry interest with their […]

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Despite turning profitable, Lyft sees shares drop 10% on earnings miss and weak outlook

Duncan Riley — Tue, 11 Feb 2025 23:16:02 +0000

Shares of Lyft Inc. dropped over 10% in late trading today after the ride-hailing company fell short of earnings in its fiscal 2024 fourth quarter and disappointed investors with a lower-than-expected outlook. For the quarter that ended on Dec. 31, Lyft reported adjusted earnings per share of 15 cents, up from a loss of 74 […]

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QuEra Computing raises $230M+ funding led by Google to accelerate error-corrected quantum computing

Mike Wheatley — Tue, 11 Feb 2025 14:00:04 +0000

QuEra Computing Inc. said today it has secured more than $230 million in funding to accelerate its goal of advancing error-corrected quantum computers. Today’s round was backed by Google LLC’s Quantum AI business unit and participants such as the SoftBank Vision Fund and Valor Equity Partners, as well as existing backers such as QVT Family […]

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Archer Aviation raises $300M from Blackrock to expand defense sector focus

Duncan Riley — Tue, 11 Feb 2025 13:30:03 +0000

Electric vertical takeoff and landing aircraft company Archer Aviation Inc. announced today that it has raised $300 million in new funding via an equity capital raise. The $300 million in funding, raised through a securities purchase agreement, came from Blackrock Inc. and other leading institutional investors. The funding will be used to strengthen Archer’s financial […]

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Lyft reportedly plans to deploy Mobileye-powered robotaxis by 2026

Duncan Riley — Mon, 10 Feb 2025 23:06:54 +0000

Riding-hailing company Lyft Inc. is reportedly set to launch a fleet of robotaxis powered by Mobileye Global Inc. by 2026 as the company seeks to compete with similar emerging services from the likes of Uber Technologies Inc. and Tesla Inc. Reports that Lyft was working towards introducing robotaxis into its mix of offerings first emerged […]

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GM lays off half of Cruise employees as it shifts focus to advanced driver assistance

Duncan Riley — Tue, 04 Feb 2025 23:13:32 +0000

General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months after it announced it was shutting the robotaxi arm of Cruise and absorbing the company’s technology into its general development of advanced drive assistance systems. GM said in a statement that the decision to […]

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Drone defense startup Hidden Level raises $65M for growth and security initiatives

Duncan Riley — Mon, 03 Feb 2025 23:05:29 +0000

Drone defense startup Hidden Level Inc. announced today that it has raised $65 million in new funding to scale manufacturing, expand its headcount, support public safety and enhance its defense capabilities. Founded in 2018, Hidden Level specializes in advanced radio frequency sensing technologies that are used to enhance airspace safety and security. The company provides […]

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Tesla expects 2025 growth despite missing estimates in fourth quarter

Duncan Riley — Wed, 29 Jan 2025 22:51:02 +0000

Shares of Tesla Inc. rose slightly in after-hours trading today after the electric car maker and energy company forecast a return to growth in 2025 despite falling short of expectations in its fourth quarter. Tesla reported adjusted earnings per share of 73 cents, up from 71 cents per share in the same quarter of the […]

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Fusion power startup Helion raises $425M in funding

Maria Deutscher — Tue, 28 Jan 2025 23:36:32 +0000

Helion Energy Inc., a startup working to develop commercial fusion reactors, today announced that it has closed a $425 million late-stage funding round. The Series F deal included the participation of Lightspeed Venture Partners, SoftBank Vision Fund 2 and an unnamed university endowment. They were joined by several existing backers including Sam Altman, who invested […]

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Alice & Bob raises €100M to build world’s first error-resistant quantum computer by 2030

Mike Wheatley — Tue, 28 Jan 2025 14:00:38 +0000

The French quantum computing startup Alice & Bob SAS said today it has raised €100 million ($104.2 million) in a Series B round of funding led by Future French Champions, AXA Venture Partners and Bpifrance. The round also saw the participation of all of the company’s Series A round investors, including Elaia Partners, Breega and […]

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Google joins forces with HTC Vive to boost Android XR Development

Kyt Dotson — Thu, 23 Jan 2025 19:45:37 +0000

Google LLC announced today that it’s acquiring parts of HTC Corp. Vive’s engineering team to accelerate the development of its new Android XR operating system for virtual reality and extended reality headsets. The new OS, which Google developed in partnership with Samsung Electronics Co. Ltd. and Qualcomm Technologies Inc., represents a new operating system for […]

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Meta reportedly developing Oakley smart glasses and high-end devices

Duncan Riley — Tue, 21 Jan 2025 23:42:57 +0000

Meta Platforms Inc. is reportedly developing Oakley-branded smart glasses for athletes and is also exploring new wearable devices. According to Mark Gurman at Bloomberg, along with Oakley-branded smart glasses, Meta’s devices group, Reality Labs, is also planning to release new high-end glasses with a built-in display late this year. Also on the development list are […]

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Blue Origin flies its New Glenn rocket to orbit with satellite deployment system aboard

Maria Deutscher — Thu, 16 Jan 2025 20:09:17 +0000

Blue Origin Enterprises LP, Jeff Bezos’ aerospace company, today conducted the first successful flight of its New Glenn rocket. The heavy-lift vehicle includes a reusable booster designed for up to 25 launches. Blue Origin will use future New Glenn rockets to deploy satellites for Amazon.com Inc. and other private sector customers, as well as help […]

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With $20M in funding, Quantum Brilliance wants to build a diamond-encased mobile quantum computer

Mike Wheatley — Wed, 15 Jan 2025 11:00:37 +0000

Quantum Brilliance GmbH said today it’s ready to begin mass production of its diamond-based quantum computers after closing on a $20 million early-stage round of funding. Today’s Series A round was led by the deep-technology fund Main Sequence, the U.S. venture capital firm In-Q-Tel and the Japanese investor Intervalley Ventures. Other participants include the Australian […]

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Xocean raises $119M to expand ocean data platform

Kyt Dotson — Thu, 09 Jan 2025 17:30:40 +0000

Xocean, which provides ocean data services for offshore energy and civil hydrography industries, today announced it has raised €115 million, about $119 million, in new funding to drive the company’s expansion across the globe. Founded in Ireland in 2017, Xocean uses a fleet of unmanned, remotely operated watercraft known as “uncrewed surface vessels” to scan […]

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NXP snaps up TTTech Auto for $625M to accelerate autonomous vehicle safety

Mike Wheatley — Tue, 07 Jan 2025 23:44:35 +0000

NXP Semiconductors N.V. said today it has entered into an agreement to buy an Austrian startup called TTTech Auto AG, which builds software systems to ensure the safety of autonomous vehicles, for $625 million in cash. TTTech Auto was spun out of TTTech Group in 2018 when it raised $78 million in funding from backers […]

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AI dominates global venture funding as other sectors faced challenges in Q4

Duncan Riley — Tue, 07 Jan 2025 05:01:41 +0000

The venture capital market saw mixed results in the fourth quarter of 2024, with artificial intelligence dominating funding globally, while other sectors faced declining activity. That’s according to a first look at the quarterly PitchBook-NVCA Venture Monitor report released early Tuesday. Starting with the U.S., dealmaking remained relatively robust through 2024 from a counting perspective and saw […]

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Qualcomm unveils on-premises AI, IoT and smart home innovations at CES

Duncan Riley — Mon, 06 Jan 2025 16:00:13 +0000

Qualcomm Technologies Inc. today unveiled a number of advancements across artificial intelligence, the internet of things, and smart home ecosystems that enhance privacy, scalability and user experiences through a variety of means: edge processing, on-premises AI solutions and seamless device interoperability. Leading the list of announcements at the CES consumer electronics show is the launch […]

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Swave raises €27M to develop displays for AR glasses

Maria Deutscher — Fri, 03 Jan 2025 20:15:54 +0000

Swave Photonics NV, a Belgian startup developing displays for augmented reality glasses, today announced that it has secured €27 million in early-stage funding. The Series A round was jointly led by SFPIM Relaunch and imec.xpand, a fund affiliated with the IMEC nanotechnology research lab. Swave spun out of IMEC in 2022. The investment also included […]

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Apple reportedly ceases Vision Pro production amid sluggish sales

Duncan Riley — Thu, 02 Jan 2025 00:39:47 +0000

Apple Inc. may have ceased production of its first-generation Vision Pro headset after the product, which came to market in 2024, turned out to be a massive flop for the company. Today’s claim comes from MacRumors, which cited reports in October that Apple had abruptly reduced production of the headset ahead of potential plans to […]

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Tesla Cybertruck explosion outside Trump Hotel leaves one dead, FBI investigates possible terrorism

Duncan Riley — Wed, 01 Jan 2025 23:53:23 +0000

One person has died and seven others were injured when a Tesla Inc. Cybertruck exploded outside of the Trump International Hotel in Las Vegas in what may have been a targeted attack. According to local media reports, the Cybertruck exploded at about 8:40 a.m. this morning in the valet area of the Trump-owned hotel. The […]

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Qolab raises $16M to advance practical superconducting quantum computing

Kyt Dotson — Tue, 31 Dec 2024 18:35:22 +0000

Qolab Inc., a quantum computing company, said on Monday it has raised more than $16 million in early-stage funding in what the company says is a significant step in its mission to develop utility-scale quantum computing technology. The company raised the funds in a Series A round led by Octave Ventures with participation from the […]

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Samsung invests $180M+ in Rainbow Robotics to become largest shareholder

Kyt Dotson — Tue, 31 Dec 2024 17:05:00 +0000

Samsung Electronics Co. Ltd. announced today that it will become the largest shareholder in Rainbow Robotics Inc., a South Korean robot maker, by increasing its stake in the company to 35% by spending more than 267 billion won, or about $181 billion. Samsung said it planned to use its investment in Rainbow Robotics to strengthen its […]

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Johns Hopkins and Stanford robots learn surgery by watching videos

Duncan Riley — Mon, 30 Dec 2024 23:52:01 +0000

Researchers from Johns Hopkins University and Stanford University have revealed details of how they are training robots with videos to perform surgical tasks with the skill of human doctors, in what could be a significant step forward in medical robotics. Robotics in surgery is not new, with various use cases over a number of years. […]

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Report: Palantir and Anduril join forces to try to secure US government defense contracts

Mike Wheatley — Sun, 22 Dec 2024 23:35:29 +0000

The data analytics company Palantir Technologies Inc. reportedly is holding talks with the defense industry tech startup Anduril Industries Inc. on the creation of an alliance to win more work from the U.S. government. According to the Financial Times, Palantir’s and Anduril’s consortium may also include companies such as SpaceX Corp. and OpenAI, as well as […]

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BlueQubit raises $10M to provide quantum computing access to enterprises

Kyt Dotson — Fri, 20 Dec 2024 18:15:41 +0000

BlueQubit Inc., a San Francisco-based quantum software startup, announced Thursday it has raised $10 million in seed funding to expand its platform and bridge the gap between the technology and real-world applications. Nyca Partners led the round with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital and BigStory VC. Founded by Stanford alumni […]

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Smart ring startup Oura nabs $200M at $5.2B valuation

Kyt Dotson — Thu, 19 Dec 2024 17:20:45 +0000

Oura Health Oy, the maker of health-tracking smart device Oura Ring, said today it has raised $200 million in a new late-stage funding, doubling its valuation since 2022 to $5.2 billion. Fidelity Management & Research Co. and DexCom Inc., a global leader in the development of glucose monitoring sensors, participated in the Series D round. […]

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The robots are coming! And Nvidia is going to power them with a revamped Jetson and lower price

Zeus Kerravala — Wed, 18 Dec 2024 16:00:53 +0000

‘Tis the season to ponder what to get that someone in your life who has everything. If you haven’t finished your Christmas shopping and have $249 to spend for a piece of technology about four inches wide, three-and-a-half inches high, and 1.3 inches thick, then Nvidia Corp. has the perfect gift. The tech giant introduced […]

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