Kodiak Robotics, one of several prominent commercial efforts to fully automate semi-trailer truck driving, laid off about 20% of its employees Wednesday, or about 15, including some engineers. It’s the second case of layoffs for a major autonomous vehicle program amid the Covid-19 quarantines in the U.S., but it speaks to a broader shakeout in the field as the path to developing reliable and...
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Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push
Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up. The firm expects to invest at least $2 billion in technology debt deals over the next few years, including venture debt, deals with pre–initial public offering startups and deals with...
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