Electric bus maker Proterra announced Tuesday it will go public by merging with a special purpose acquisition company. When Proterra merges with ArcLight Clean Transition Corp., it will be valued at $1.6 billion. That compares to the $1.1 billion at which Proterra was valued in August 2019, data from PitchBook shows. The deal will leave Proterra with up to $825 million in cash to help the...
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Instagram Launches Chatbots Modeled on MrBeast, Charli D’Amelio
It’s Kalley Huang, reporting from Menlo Park, Calif., where Meta Platforms’ developer conference is taking place in person for the first time since 2019. CEO Mark Zuckerberg, on a stage set up in the middle of Meta’s campus, unveiled a suite of generative artificial intelligence products, several directed at creators.The most interesting are 28 chatbots, many modeled on celebrities and...
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