Day: July 25, 2019

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 […]

Unity’s private valuation is climbing, but it’s growing unclear whether the company’s leadership is planning to take the 15-year-old gaming powerhouse public anytime soon. The company announced today that is has received signed agreements from D1 Capital Partners, Canada Pension Plan Investment Board, Light Street Capital, Sequoia Capital and Silver Lake Partners to fund a […]

The Senate Select Committee on Intelligence today released the first volume of its bipartisan investigation into Russia’s attempts to interfere with the 2016 U.S. elections. Helmed by Select Committee Chairman Richard Burr, the Republican from North Carolina, and Virginia Democratic Senator Mark Warner, who serves as vice chairman, the committee’s report, “Russian Efforts Against Election […]

Like Azure last week, AWS reported some slippage in its cloud earnings growth numbers today, dropping from 49% growth last year at this time to 37% this year. Total revenue increased from Q2 last year, from $6.105 billion to $8.381 billion this year. Today’s report puts the company on an astonishing run rate of more […]

Elon Musk’s tunneling and transportation startup The Boring Company has raised its first outside investment through the sale of $120 million in stock, according to a securities filing. The details of authorized sale of stock were first reported by Bloomberg News, which reviewed the filing obtained by Prime Unicorn Index. The main investors in the stock […]

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services Toyota has made […]

NBCUniversal is getting a little more specific about its streaming plans. Variety reports that NBCUniversal CEO Steve Burke was on this morning’s earnings call for parent company Comcast, announcing that the NBCUniversal streaming service will launch in April 2020. The company had previously said the service would launch in “early 2020”, and would be ad-supported […]