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SoftBank-backed construction giant Katerra said to be shutting down after raising billions

After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Informatio

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SpaceX’s first ocean spaceport is being built and will host launches next year

SpaceX is already underway on building its first floating spaceport platform, and the plan is for it to start hosting launches as early as next year. SpaceX CEO Elon Musk shared those details on the p

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JD Logistics soars in Hong Kong debut, valuing it at $36 billion

A ceremony marking the debut of JD Logistics on the Hong Kong Stocks Exchange at JD.com headquarters in Beijing, China, May 28, 2021. /CFPJD Logistics soared by 14 perc

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Amazon is buying MGM Studios for $8.45B

The big media consolidation continues — day after rumors swirled around Amazon’s acquisition of MGM, the online massive retailer confirmed today that it will be acquiring the nearly 100-year-old

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China stresses UNSC's call for 'comprehensive peace' in Gaza

China, which holds the rotating presidency of the United Nations Security Council (UNSC) for May, on Saturday highlighted the UNSC members' call for urgent and complete restoration of calm in Gaza.Zh

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Snap emphasizes commerce in updates to its camera and AR platforms

At Snap’s Partner Summit, the company announced a number of updates to the company’s developer tools and AR-focused Lens Studio including several focused on bringing shopping deeper into t

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Portside raises $17M for its business aviation management platform

Portside, an aviation startup that is building a platform for managing the backend of a corporate flight department, charter operation, government fleet and fractional ownership operation, today annou

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US Treasury calls for stricter cryptocurrency rules, IRS reporting for transfers over $10K

President Biden’s vision for an empowered, expanded IRS is poised to have a big impact on cryptocurrency trading.According to a new report from the U.S. Treasury Department, the administration w

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Fast growth pushes an unprofitable no-code startup into the public markets: Inside Monday.com’s IPO filing

At long last, the Monday.com crew dropped an F-1 filing to go public in the United States. TechCrunch has long known that the company, which sells corporate productivity and communications software, h

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Rwanda on path to economic recovery from COVID shock: finance minister

The Rwandan economy is on the path of economic recovery from the COVID-19 pandemic shock, which is strengthened by the country’s effective control of the virus, Rwandan Minister of Finance and Ec

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Path Robotics raises $56M Series B for automated welding

Columbus, Ohio-based firm Path Robotics today announced the completion of a $56 million Series B. The round, led by Addition (featuring Drive Capital, Basis Set and Lemnos Lab) brings the robotic weld

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Look out Amazon Go — A Lisbon startup plans to offer autonomous stores to other retailers

Look out Amazon Go. A Lisbon startup plans to offer the same autonomous store technology to other retailers. Lisbon-based Sensei, a computer vision startup that allows convenience stores to offer chec

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Robotic vision startup Plus One raises $33M

San Antonio-based Plus One Robotics today announced a $33 million Series B. The round follows an $8.3 million Series A announced in 2018 and brings the company’s total funding to north of $40 million.

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The new Apple TV 4K comes with a new Siri Remote

Apple announced a new Apple TV 4K today, which will come with a new Siri Remote.In addition to the existing Siri support, this new aluminum remote features a redesigned clickpad that allows for circul

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Pulumi launches version 3.0 of its infrastructure-as-code platform

Pulumi was one of the first of what is now a growing number of infrastructure-as-code startups and today, at its developer conference, the company is launching version 3.0 of its cloud engineering pla

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Cloud kitchen startup JustKitchen to go public on the TSX Venture Exchange

JustKitchen, a cloud kitchen startup, will start trading on the Toronto Stock Exchange (TSX) Venture Exchange on Thursday morning. It is doing a direct listing of its common shares, having already rai

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Indian fintech Zeta turns unicorn with SoftBank-led funding

Bangalore-based fintech startup Zeta has clinched the much sought-after unicorn status after finalizing a new financing round led by SoftBank Vision Fund 2, sources familiar with the matter told TechC