Google said to fire memo author
Google has fired the author of a controversial and widely-read memo blasting the company’s diversity policies, Bloomberg reports. The company said the memo violated its code of conduct and advanced harmful gender stereotypes.
Oryx raises $50M for LiDAR
Oryx Vision, an Israel-based developer of LiDAR technology for autonomous vehicles, has raised $50 million in a Series B round led by Third Point Ventures and WRV and joined by new and existing investors.
Carmaker Faraday leases factory
Electric carmaker Faraday Future has signed a lease on a production facility in Hanford, Calif., after recently abandoning plans to build its own factory in Nevada. Faraday says it plans to have its first vehicle on the road by the end of 2018.
IPOing like it’s 1986
Crunchbase takes a trip back to 1986, when Microsoft went public as a profitable, fast-growing company that didn’t need the money. In other words, it was in many ways the complete opposite of what we see in the current tech cycle. (For more stories, follow @crunchbasenews on Twitter and check us out on Facebook.)
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