FedEx is testing using small autonomous cargo planes to deliver packages to remote areas, announced Chief Executive Officer Fred Smith. The delivery giant is working with Reliable Robotics, a Silicon Valley company founded in 2017 by former SpaceX and Tesla engineers. The announcement is a sign that competition is heating up in the autonomous delivery space, despite sizable advances from...
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When Antitrust Opposition Boosts Value: The Information’s Tech Briefing

Sometimes, the government is here to help. The Justice Department’s antitrust lawsuit that killed Visa’s acquisition of Plaid promises to become a windfall for shareholders in the fintech startup, as The Information reported today. Visa had agreed to pay $5.3 billion for Plaid, but there’s now investor interest in the company at a valuation of $15 billion or more. The episode...
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