Google on Wednesday said it bought Raxium, a five-year-old startup developing tiny light-emitting diodes for displays used in augmented and mixed reality devices, which Google has long tried to develop. Google didn’t disclose a purchase price but it previously valued the deal at around $1 billion, according to people familiar with the matter. Part of that value is related to payouts for hitting...
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
Startup Wiz Finds Critical Azure Flaw Tied to Bing Search
ByteDance Promoting Lemon8, New Community App in U.S.
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