Tag: california
Facebook to pay $52 million to content moderators suffering from PTSD
Facebook has agreed in principle to pay $52 million to compensate current and former content moderators who developed mental health issues on the job. The Verge reported Tuesday that the settlement will cover more than 11,000 content moderators who developed depression, addictions and other mental health issues while they worked…
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Waymo expands first external investment round to $3 billion
Waymo has added an additional $800 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors including those managed by T. Rowe Price, Perry…
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Intel has invested $132M in 11 startups this year, on track for $300M-$500M in total
When it comes to corporate venture capital, semiconductor giant Intel has shaped up to be one of the most prolific and prescient investors in the tech world, with investments in 1,582 companies worldwide, and a tally of some 692 portfolio companies going public or otherwise exiting in the wake of Intel’s backing.…
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Elon Musk just put a new person in charge of production at Tesla’s Fremont factory
On the same day that Elon Musk defied local regulations and reopened Tesla’s factory in Fremont, California, the CEO put a new person in charge of production. Musk named Richard Miller, who was director of paint operations at Tesla, to head of production at the factory, according to an internal…
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Fiat Chrysler and AV startup Voyage partner on self-driving minivans
Self-driving vehicle startup Voyage said Monday that it has inked a deal with Fiat Chrysler to supply purpose-built vehicles, a partnership that will help accelerate its plan to launch a fully driverless ride-hailing service. Voyage, a three-year-old startup that tests and operates a self-driving vehicle service (with human safety operators)…
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Elon Musk restarts Tesla factory in defiance of county orders
Tesla CEO Elon Musk said Monday that the company’s factory in Fremont, California is open and has restarted production despite a stay-at-home order issued by Alameda County. Musk said in tweet Monday afternoon that he will “be on the line,” a reference to the assembly line at the factory where…
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