SoftBank announces AI-focused second $108 billion Vision Fund with LPs including Microsoft, Apple and Foxconn – TechCrunch

SoftBank Group announced today that it will launch its second Vision Fund with participation from Apple, Foxconn, Microsoft and other tech companies and investors. Called the Vision Fund 2, the fund will focus on AI-based technology. SoftBank said the fund’s capital has reached about $108 billion, based on memoranda of understandings. SoftBank Group’s own investment…

How top VCs view the new future of micromobility – TechCrunch

Earlier this month, TechCrunch held its annual Mobility Sessions event, where leading mobility-focused auto companies, startups, executives and thought leaders joined us to discuss all things autonomous vehicle technology, micromobility and electric vehicles. Extra Crunch is offering members access to full transcripts key panels and conversations from the event, including our panel on micromobility where…

iSpace becomes the first private Chinese company to launch satellites to orbit – TechCrunch

With as successful launch from the Gobi desert blasting off at around 1:10 PM Beijing time (1:10 AM ET), Chinese space launch startup iSpace (which, awesomely, is also called ‘StarCraft Glory Space Technology Co.’) became the first private Chinese commercial space launch provider. The company’s SQX-1 Y1 rocket delivered two commercial satellites to an orbit…

Postmates’ self-driving delivery rover will see with Ouster’s lidar – TechCrunch

Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised $60 million in equity and debt funding. Postmates unveiled the first generation of its self-described “autonomous rover” — known as Serve — late last year.…

FTC also sues Cambridge Analytica, settles with former CEO and app developer – TechCrunch

As part of the investigation against Facebook’s privacy lapses, the FTC announced today that it is suing Cambridge Analytica. The agency has already agreed to settlement with former Cambridge Analytica CEO Alexander Nix as well as app developer Aleksandr Kogan. The Federal Trade Commission described the administrative complaint in a press release. It alleged that…