Flexport acquires technology of former digital freight unicorn Convoy

Supply chain logistics platform Flexport is acquiring the assets of shuttered digital freight network Convoy, according to a memo Flexport CEO Ryan Peterson sent to staff Wednesday. Flexport will restore Convoy’s trucking logistics services for customers in the coming weeks, reads the memo, shared by […]

Japan’s SBI Holdings commits $40M to anchor Novastar Ventures future funds

SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multi-fund commitment to anchor pan-African VC firm Novastar Ventures’ future funds. Following the deal, SBI Holdings will take a minority […]

The Morning After: US government announces AI Safety Institute

Following President Joe Biden’s sweeping executive order regarding AI development last week, at the UK AI Safety Summit yesterday, Vice President Kamala Harris announced even more machine learning initiatives, as well as the establishment of the United States AI Safety Institute. In cooperation with the […]