UpFront
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Playshifu, maker of AR-based educational toys, raises $7 million in series-A funding
The company plans to use the money to deepen its technology, roll out more products and more than double its sales presence
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Find your dream home...on Amazon
Amazon is working with American realty brokerage firm Realogy, to create TurnKey, which will connect prospective homebuyers to real estate agents. Amazon will give buyers up to $5,000 in home services and smart-home gear when they close
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Tesla Model 3 sales surge, lifting its bottom line
Tesla said it lost $408 million in the second quarter, compared with a loss of $702 million in the first quarter when sales slumped as the company struggled with logistical challenges, including getting thousands of its Model 3 sedans to Europe and China
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How Byju's app will become '3x more powerful' using AI
Complemented by its newly acquired Osmo team, the Bengaluru edtech unicorn expects to accelerate the application of artificial intelligence and machine learning across its platform for better personalisation
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New York City may ban sale of phone location data
AT&T, T-Mobile and Verizon have pledged to stop selling location data to brokers who may sell the information on the black market. But data on users' whereabouts is lucrative: Location-targeted advertising sales brought in an estimated $21 billion last year
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Boris Johnson to take leadership of a Britain in deep crisis
The new prime minister inheriting challenges such as Brexit and a crisis with Iran, is arguably the most improvisational and least predictable politician in recent British history
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With $1 billion from Microsoft, an AI Lab wants to mimic the brain
OpenAI, created by Sam Altman with Elon Musk, will spend most of that $1 billion on computing power, and under the new contract, Microsoft will eventually become the lab's sole source of computing power
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Electric scooter startup Bird could raise new funding at $2.5 billion valuation
Sequoia Capital is said to lead the new funding round, which puts Bird's valuation slightly higher than the $2.3 billion it was pegged at last year
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Chandrayaan-2, take 2: India tries for the moon once more
The mission, if successful, would be a huge leap forward for India's ambitious space programme, and experts everywhere are watching to see whether the Indians can pull it off
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Jumping into the pool of DIY private equity
Attracted to the high rate of return from private equity funds, amateur investors are setting up high-risk, high-return deals of their own, instead of handing over millions to professional managers
