California’s regulators have suspended autonomous driving technology startup Pony.ai ‘s driverless testing permit after one of its cars was involved in an accident. It is the first time that the state has suspended such a permit, Reuters reported. A car operating in autonomous mode hit a road divider and traffic sign in Fremont after making a right turn in late October, according to Reuters....
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Private Equity Firms’ Secret Weapon for Big Software Buyouts

When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financing—one that has been making its way into more and more multibillion dollar...
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