Category Technology

Blackstone last August was looking to put $2 billion toward lending to startups and tech companies, according to The Information. But venture debt lenders remain skeptical that the asset class’s small checks are worth it for asset managers and their…

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Nikola Corp. is laying off 270 employees, or about 23% of its workforce, and restricting its electric truck efforts to North America as it seeks to preserve cash. The company said Friday it will lay off 150 workers who were…

Meta will soon officially permit users as young as 10 to use its Meta Quest 2 and 3 VR headsets — if their parents say it’s okay, anyway. In a blog post, the tech giant says that there’s “a vast…

NASA has announced Space Act agreements with seven private space companies in the hopes of spurring tech developments the government may invest in down the line, from space stations to human transport and robotics. While no money is changing hands,…

One of many buzzy apps competing to be “the next Twitter,” Post launched its iOS app on Thursday. Launched in beta just days after Elon Musk finalized his purchase of Twitter, Post wants to reinvent how people get their news…

After years of tests, space tourism line Virgin Galactic is finally beginning commercial spaceflight services at the end of the month, the company announced today. After these initial flights, they will move to monthly ones and start working through the…

Logan Green, the co-founder and former CEO of ride-hailing platform Lyft, will remain on the company’s board despite opposition from some shareholders, according to preliminary results from the company’s annual shareholder meeting Thursday. The SOC Investment Group, an organization that…

BrightDrop, the electric delivery van subsidiary of General Motors, has made its first delivery outside of the U.S. The company delivered 50 BrightDrop Zevo 600 electric vans to FedEx Express Canada on Wednesday, part of a larger order of 2,500…

Fernride has figured out a way to launch a commercially viable autonomous, electric truck business today. The secret? Not driving on public roads. Most AV trucking companies are going after the moonshot: Using self-driving freight trucks — typically 18-wheelers —…

TrueCar, a platform where people can research new and used car prices and find local dealer savings, is laying off 24% of staff due to a restructure, the company said Wednesday. About 102 people will be impacted by the layoff.…

The Open Infrastructure Foundation, the open-source foundation that hosts projects like the OpenStack cloud computing platform and Starling X edge computing stack, today announced that it is launching two regional hubs — OpenInfra Asia based in Singapore and OpenInfra Europe…

Google has delayed a planned launch of its generative AI chatbot, Bard, in the European Union this week, according to the Irish Data Protection Commission (DPC) — the tech giant’s lead data protection authority in the region. The development, first…