Hyundai buys controlling interest in Boston Dynamics – TechCrunch

It’s official. Boston Dynamics is becoming part of the Hyundai family (pending regulatory approval, naturally). The Waltham, Massachusetts-based robot maker confirmed that the South Korean technology company is acquiring controlling interest in a press release today. The deal, which values the company at $1.1 billion, gives Hyundai Motor Group an 80% stake, with SoftBank controlling ...

Sweden’s Tink raises $103M as its open banking platform grows to 3,400 banks and 250M customers – TechCrunch

Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to ...

Facebook allowed fraud to continue as long as it got paid: report

Facebook told workers to ignore fraudulent ads and hacked accounts as long as the company “gets paid,” BuzzFeed News reported Thursday. BuzzFeed News’ investigation revealed how Facebook consistently prioritized making money over protecting users from scams, hackers, and disinformation. Ahead of the US elections in November, Facebook even told its ad reviewers to focus on selling ...

Idaho AG and other GOP legislators disagree with Texas lawsuit

A small group of House Republicans and Republican attorneys general have publicly disagreed with the latest election lawsuit filed by Texas Attorney General Ken Paxton. Republican attorneys general in Idaho, Ohio, and Georgia have declined to support the lawsuit. Sen. Mitt Romney called the lawsuit, “simply madness.” Visit Business Insider’s homepage for more stories. A ...

‘It’s silly season’: Airbnb and DoorDash’s IPO rallies signal return of dot-com-era greed, strategists say

The Nasdaq digital billboard in Times Square in New York on December 10. Photo by Kena Betancur/AFP/Getty Images Airbnb’s and DoorDash’s massive debut rallies suggest the IPO market is getting ahead of itself, top strategists said Thursday. Airbnb spiked 115% when it began trading publicly for the first time on Thursday. DoorDash closed 86% higher in its Wednesday ...

Business Insider’s top advertising and media stories for December 11

Hi! Welcome to the Insider Advertising daily for December 11. I’m Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at LJohnson@businessinsider.com. First: We want to hear from public relations executives. Please take our anonymous survey and tell us ...

Massachusetts governor won’t sign police reform bill with facial recognition ban – TechCrunch

Massachusetts Governor Charlie Baker has returned a police reform bill back to the state legislature, asking lawmakers to strike out several provisions — including one for a statewide ban on police and public authorities using facial recognition technology, the first of its kind in the United States. The bill, which also banned police from using ...

First impressions of the AirPods Max – TechCrunch

We try out Apple’s new headphones, Spotify resets passwords and Airbnb goes public. This is your Daily Crunch for December 10, 2020. The big story: First impressions of the AirPods Max Our fearless leader Matthew Panzarino has written what he insists is “not a review” of the AirPods Max, (not a full review because he’s ...

Residential renewable energy developer Swell is raising $450 million for distributed power projects in three states – TechCrunch

Swell Energy, an installer and manager of residential renewable energy, energy efficiency and storage technologies, is raising $450 million to finance the construction of four virtual power plants representing a massive amount of energy storage capacity paired with solar power generation. It’s a sign of the distributed nature of renewable energy development and a transition ...