Elon Musk shares footage of The Boring Company’s first working car elevator

 Elon Musk’s Boring Company is getting closer to becoming a reality.
The businessman conceived the idea in December in response to the pain of clogged up roads and traffic jams, and it has begun to take shape thanks to work carried out this summer.
The basic idea is that underground tunnels can transport vehicles from A to B more quickly and efficiently than roads, with no time wasted… Read More

Vicarious gets another $50 million to expand its research team and build smarter robots

 Elon Musk and Mark Zuckerberg might not be able to agree about much when it comes to AI these days, but the pair do seem to see the same potential in Vicarious, a startup applying unsupervised learning techniques to robots. Musk and Zuckerberg were two of the early backers of Vicarious. The startup announced that it raised an additional $50 million in financing this morning (via… Read More

Trump says Apple CEO promised to build three factories in US

President Donald Trump told the Wall Street Journal that Apple CEO Tim Cook promised him the tech titan would build "three big plants, beautiful plants" in the US. He didn't elaborate on potential locations or construction dates for the manufacturing…

YouTube stars are blurring the lines between content and ads

Beyonce, Justin Bieber, Kim Kardashian and Kendall Jenner are just some of the celebrities under the microscope for using social media to shamelessly plug sponsored products. Advertising without proper disclosures has become a growing problem with in…

JCPenney joins the modern age and adopts Apple Pay

The list of stores and merchants that accept Apple Pay seems to be growing on a daily basis, and now there's one more to add to the list. JCPenney's store credit card will now work with Apple Pay, and the department store will now accept Apple Pay at…

Grab gets $2B from Didi and SoftBank to fuel bid to defeat Uber in Southeast Asia

 Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing from existing investors Didi Chuxing, the company that defeated Uber in China, and SoftBank. Didi said the round could expand by $500 million more with input from other existing backers and new investors, too. A Grab representative confirmed that SoftBank’s Vision fund is not… Read More

Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem

 Two global tech forces are putting their mark — and money — into Southeast Asia’s nascent startup ecosystem, but they may not be the Western names that you expect. Rather than Google, Facebook or Microsoft, increasingly Chinese duo Alibaba and Tencent are the driving forces behind the importing of large sums of capital and vast business experience into Southeast… Read More

Wells Fargo accidentally leaks 50,000 clients’ records

Wells Fargo accidentally leaked thousands of sensitive documents, but not in the way you think. The bank wasn't hacked, and its computers didn't go on the fritz: it just inadvertently sent 1.4 gigabytes of files to a former financial adviser who subp…