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Report: Xiaomi sales climb but Huawei remains China’s top smartphone brand

 China’s Xiaomi, once the world’s highest valued tech startup, is getting over a disappointing past two years with a notable spike in sales in its homeland during the second quarter of 2017. That’s according a new report from analyst firm Canalys, which estimates that Xiaomi, which was valued at $45 billion at the end of 2014, shipped 15 million phones during the quarter to… Read More


Source: TechCrunch

Cleo, a chatbot that wants to replace your banking apps, raises £2M led by LocalGlobe

 Cleo, the London-based fintech startup that offers an AI-powered chatbot to help you manage your finances, has closed £2 million in further funding, adding to an impressive list of backers that already includes Skype founder Niklas Zennström. The new round is led by LocalGlobe, the seed VC firm founded by father and son duo Robin and Saul Klein, with participation from a number of… Read More


Source: TechCrunch

Elon Musk shares footage of The Boring Company’s first working car elevator

 Elon Musk’s Boring Company is getting closer to becoming a reality.
The businessman conceived the idea in December in response to the pain of clogged up roads and traffic jams, and it has begun to take shape thanks to work carried out this summer.
The basic idea is that underground tunnels can transport vehicles from A to B more quickly and efficiently than roads, with no time wasted… Read More


Source: TechCrunch

Elon Musk's car elevator is the future of sewer drag racing – CNET

Where Elon Musk is going, we won’t need (above ground) roads.
Source: CNET

Yelp adds C-section rates and other stats for all baby delivery hospitals in California

 Having a baby and want to know if your hospital is particularly C-section happy? Yelp aims to make that process a bit easier with the addition of a new maternity care rate feature. Expectant mothers have been able to get similar information about the maternity care of a particular hospital from state websites already but the information is often hard to find. Yelp, which rolled the feature… Read More


Source: TechCrunch

Tencent backs Indian education startup BYJU’s at a valuation of $800 million

 Tencent, Asia’s highest-valued tech company, has continued to invest in India after it backed online education service BYJU’s. The startup that includes the Chan Zuckerberg Initiative and Sequoia among its investors. The size of the investment has not been disclosed, but a source close to the deal told TechCrunch that it values BYJU’s around the $800 million mark. Tencent… Read More


Source: TechCrunch

Vicarious gets another $50 million to expand its research team and build smarter robots

 Elon Musk and Mark Zuckerberg might not be able to agree about much when it comes to AI these days, but the pair do seem to see the same potential in Vicarious, a startup applying unsupervised learning techniques to robots. Musk and Zuckerberg were two of the early backers of Vicarious. The startup announced that it raised an additional $50 million in financing this morning (via… Read More


Source: TechCrunch

Crunch Report | Facebook Smart Speaker on the Way

Facebook is apparently working on its own smart speaker and has acquired digital rights management company Source3, SoftBank could bet billions on Uber, Duolingo raises $25 million and more. All this on Crunch Report. Read More


Source: TechCrunch

Momenta raises $46M Series B for its self-driving car software

 Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital, Sequoia Capital China and Hillhouse Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning and object recognition problems. Shunwei Capital, Sinovation Ventures, Unity Ventures and Daimler also participated in the round.
Quite a few U.S. Read More


Source: TechCrunch

Niantic CEO blames Pokemon Go Fest mess on mobile carriers – CNET

Many people at the event were unable to access Pokemon Go throughout the day due to network congestion, says John Hanke.
Source: CNET

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