Amazon makes an autonomous driving acquisition, Microsoft closes its retail shops and medical insurance startup Oscar raises $225 million.
Here’s your Daily Crunch for June 26, 2020.
1. Amazon to accumulate autonomous driving startup Zoox
According to Amazon’s announcement, Zoox will live on as a standalone enterprise, with present CEO Aicha Evans persevering with in her function, together with CTO and co-founder Jesse Levinson. The Financial Time stories that the deal is price $1.2 billion.
Amazon has been working by itself autonomous automobile expertise tasks, together with its last-mile supply robots. The firm has additionally invested in autonomous driving startup Aurora, and it has examined self-driving vehicles powered by self-driving freight startup Embark.
2. Microsoft is closing all of its retail shops for good
As different retailers start the gradual means of reopening, Microsoft has introduced that will probably be completely shutting down the overwhelming majority of its retail shops. The remaining places — in cities like London, New York City and Sydney, in addition to on Microsoft’s Redmond campus — will develop into “Microsoft Experience Centers,” relatively than normal retail shops.
3. Oscar’s medical insurance platform nabs one other $225 million
Oscar’s insurance coverage clients have the excellence of being among the many most lively customers of telemedicine within the United States, based on the corporate. Around 30% of sufferers with insurance coverage from Oscar have used telemedical providers, versus solely 10% of the nation as an entire.
4. Luckin Coffee will unluckin’ly delist from Nasdaq following fraud allegations
An investigation by the corporate’s board discovered that Luckin had inflated gross sales by primarily having affiliated firms purchase massive orders of coffees that by no means acquired delivered. And after all, that’s fraud once you put it on a 10-Okay kind and submit it to the SEC.
(Also, it’s crucial to me that you recognize: I didn’t write this headline.)
5. Four views: Will Apple trim App Store charges?
Given its huge attain, is it time for Apple to alter its phrases? Will the corporate enable its income share to go gently into that good evening, or does it have sufficient assets to maintain new laws at bay and mollify an more and more vocal group of software program builders? (Extra Crunch membership required.)
6. Google lastly brings group calling to the Nest Hub Max
Video chat has lengthy been one of many chief promoting factors of sensible screens just like the Amazon Echo Show and Google’s Nest Hub Max (the common Hub doesn’t have a digicam). But till yesterday, the latter solely supplied customers the choice to have one-on-one calls.
7. Amazon actually simply renamed a Seattle stadium ‘Climate Pledge Arena’
One extra Amazon story to shut out the week: The firm is shopping for the rights to Seattle’s KeyArena, an getting older stadium presently below redevelopment. Amazon founder and CEO Jeff Bezos stated, “Instead of calling it Amazon Arena, we’re naming it Climate Pledge Arena as an everyday reminder of the pressing want for local weather motion.”
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