Elon Musk shows off a video about his tunnel boring company, The Boring Company, a self-driving Apple test vehicle is spotted in the wild and Cloudera and Carvana each price their IPO at $15; one does well, the other not so much. All this on Crunch Report. Read More

Read more..

 Veteran-focused social platform Sandboxx wants to pair its community members with experts who can ease their transition back into the workforce — and hopefully even land them a job. Global firm Betts Recruiting will join the self-described “military media and technology company” to empower vets to seek careers in the tech industry and to demonstrate their unique value to… Read More

Read more..

 The Rose City isn’t happy with Uber… again. After the company failed to turn over details on its deeply sketchy “Greyball” software by Portland’s deadline, the city may seek to compel Uber to hand it over with a subpoena. Those intentions, reported by the Oregonian, were articulated by Portland Commissioner Dan Saltzman, who oversees the city’s Bureau… Read More

Read more..

 Earlier today, the NSA announced its intentions to limit a surveillance technique that had a nasty side effect of sweeping up communications to and from Americans. In a rare unprompted press statement, the NSA explained that it would halt “any upstream internet communications that are solely ‘about’ a foreign intelligence target,” restricting its surveillance to… Read More

Read more..

 Amazon announced it will be shutting down its “Underground Actually Free” program, which offers customers free versions of Android apps that would typically cost money, including those that relied on in-app purchases but were otherwise free downloads. Though it promised long-term support when it debuted back in August 2015, Amazon today says the “Actually Free” program… Read More

Read more..

 Jack Dorsey is at it again — after purchasing $7 million in Twitter stock back in February, the Twitter CEO bought another $9.5 million today. After making his purchase, Dorsey posted the news on Facebook Twitter, sparking a one percent gain in the company’s share price in after-hours trading. According to an SEC filing, Dorsey purchased 574,002 shares of Twitter stock… Read More

Read more..

 Tinder users have many motives for uploading their likeness to the dating app. But contributing a facial biometric to a downloadable data set for training convolutional neural networks probably wasn’t top of their list when they signed up to swipe. Read More

Read more..

 Chinese tech conglomerate Tencent will be opening a new AI research center in Seattle, according to The Information. The company has long had a core office in Palo Alto, but this will be its first major machine intelligence R&D effort in the country. Earlier this week Tencent announced that it would open its first data center in Silicon Valley. Read More

Read more..

 Yik Yak co-founders Tyler Droll and Brooks Buffington published a farewell note to users on Friday, announcing they would shut down their once-popular anonymous social network this week. The app allowed people to connect with other users within a certain radius, and was widely marketed in and used on college campuses. Read More

Read more..

 Rubrik, a startup that provides data backup and recovery services for enterprises across both cloud and on-premises environments, has closed a $180 million round of funding that values the company at $1.3 billion. The news confirms a report we ran earlier this week noting that the company was raising between $150 million and $200 million. Read More

Read more..

 Carvana, the site for buying and selling cars, had a rough first day in the public markets. After pricing its IPO at $15 per share, it ended the day down 26 percent, at $11.10. Bankers typically recommend a price that would cause the shares to go up about 20 percent or so on the first day. But Carvana maximized every last dollar in its $225 million offering, at the cost of new investors. Read More

Read more..

 On April 13, the state of California issued a cease and desist letter to RydenGo, saying that the company had to take down its website. The letter stated that the ride-hailing startup was operating without a permit from the California Public Utilities Commission (CPUC). The problem with the order, according to RydenGo CEO Michael Pappas, is that the company is not yet operating. Read More

Read more..

 After pricing its IPO at $15 per share, Cloudera, the enterprise big data company, closed the day up more than 20 percent, at $18.09. This also is above the range of $12 to $14 for which Cloudera was preparing. Read More

Read more..

 Apple has offered feedback to the California Department of Motor Vehicles (DMV) concerning its proposed new rule changes regarding autonomous vehicle testing on state roads. The formal feedback provided by Apple is relatively short and to the point, contained in a letter submitted to the DMV and embedded below, signed by Apple Director of Product Integrity Steve Kenner (who also authored… Read More

Read more..

 On Friday, Microsoft announced that it will create a new role for former Federal Trade Commissioner Julie Brill. Brill will take the lead on privacy, data protection and regulatory issues at Microsoft as the corporate vice president and deputy general counsel for its Privacy and Regulatory Affairs group. Read More

Read more..