Silk Ventures raises $500M to scale startups in China
Silk Ventures, a venture capital firm with offices in London, Silicon Valley, Beijing, and Shenzen, has closed its inaugural investment fund with $500 million. The firm, which is backed by the Chinese government, will target later-stage technology companies looking to expand into China.
Lattice Data sells to Apple for around $200M
Apple has acquired Silicon Valley-based Lattice Data, a company that applies machine learning technology to take unstructured, “dark” data and turn it into structured information. The purchase price was around $200 million, TechCrunch reports.
Waymo, Lyft partner on self-driving cars
Waymo, Google’s self-driving car unit, has reportedly signed a partnering agreement with Uber rival Lyft to develop pilot projects and product development efforts aimed at boosting adoption of autonomous vehicle technology.
Rise of the robot startups
Venture capital funding for robotics startups has surged as the price of building robots has fallen in recent years. Funding for robotics startups hit $1.2 billion in 2016, a more than fivefold increase from 2012 levels, according to a Crunchbase News analysis. What this means for human jobs depends on who you talk to.
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