Tech News from Simmons Systems (Page 646)

Tech News from Simmons Systems

VideaHealth Raises $5.4 Million to Bring AI to Dental Clinics

MIT and Harvard-backed startup VideaHealth secures $5.4 million in seed funding to apply machine learning and image recognition to dental X-rays. The technology aims to standardize diagnoses and help dentists detect diseases earlier.

Canoo Unveils Microbus-Style Electric Vehicle with Subscription Model

Los Angeles startup Canoo reveals its debut electric vehicle that prioritizes interior space and offers a Netflix-like monthly subscription. The uniquely designed seven-seater hits the road in 2021 using an adaptable skateboard platform.

WeWork Faces Massive Layoffs as CEO Neumann Steps Down

WeWork braces for significant layoffs after co-founder Adam Neumann steps down as CEO and relinquishes his supervoting power. The dramatic leadership change leaves the struggling startup and its major investor, SoftBank, facing massive financial losses.

DJI Unveils Agricultural Drones and Public Safety Partnerships

DJI introduces two new industrial drones for farming alongside a new initiative that equips U.S. first responders with advanced hardware and software. These partnerships expand DJI's reach despite ongoing national security concerns and a military ban.

US Security Officials Warn China Wins 5G Race Amid Funding Gaps

US security experts admit China holds a dominant lead in global 5G deployment, posing severe national security risks. They urge immediate public investment to counter threats from Huawei's widespread infrastructure integration.

WeWork Founder Resigns Amid Collapsing IPO Plans

WeWork CEO Adam Neumann steps down from his leadership role as the company's highly anticipated public offering faces severe delays. The dramatic shift follows intense investor criticism over the shared-office giant's governance and massive financial losses.

WeWork Ousts Adam Neumann as CEO Ahead of Troubled IPO

WeWork co-founder Adam Neumann steps down as CEO amid intense scrutiny over his behavior and corporate governance, transitioning to a non-executive chairman role. SoftBank reportedly enforces this leadership change to salvage the company's struggling initial public offering.

Amazon Prepares Alexa Earbuds With Fitness Tracking and Premium Echo Speaker

Amazon reportedly develops Alexa-enabled wireless earbuds with built-in fitness tracking and prepares a high-end Echo speaker with improved sound quality. The new hardware potentially debuts at the company's upcoming Seattle event.

Apple Reverses Course, Confirms New Mac Pro Assembly in Texas

Apple officially announces that its new Mac Pro will be manufactured in Austin, Texas, utilizing parts from suppliers across eight U.S. states.

Facebook Acquires CTRL-labs to Advance Neural Input Armband Tech

Facebook purchases CTRL-labs, a startup that creates armbands translating neural impulses into digital signals, for an estimated $500 million to $1 billion.

Kik Messenger Shuts Down Amid Ongoing SEC Cryptocurrency Battle

Kik Interactive is closing its popular messaging app and laying off over 100 employees to survive an SEC lawsuit targeting its Kin cryptocurrency. The drastic shift reduces the company's burn rate by 85 percent as it prepares for a legal fight over whether Kin is an illegal security.

Facebook Acquires Neural Wristband Startup Ctrl-labs for $1 Billion

Facebook buys Ctrl-labs, a startup building a wristband that translates neuromuscular signals into digital commands, to boost its augmented and virtual reality efforts. The deal reportedly costs around $1 billion and brings the team into Facebook Reality Labs.