Aspiration, the LA-based fintech focused on conscious consumerism, raises $135 million

When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago, the upstart fintech startup was one of Los Angeles’ early entrants into a  financial services market dominated by players from Europe and the financial capital of the U.S. in New York City. Fast forward four years and the big New […]

Cruise lays off 8% of workforce to cut costs and put resources towards engineering

Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member workforce today as it tries to reduce costs during the COVID-19 pandemic. The layoffs will affect employees in Cruise’s product, marketing and […]

CMU’s tiny robot rover passes NASA design review ahead of 2021 trip to the Moon

Carnegie Mellon University is one step closer to operating its robotic rover on the surface of the Moon: The school’s diminutive bot has passed a crucial NASA design review, performed by the agency in collaboration with Astrobotic, whose Peregrine lunar lander will be providing the ride for the robot down to the surface of the […]

Vista Partners founder calls for a fintech revolution to help pandemic-hit, minority-owned small businesses

The head of what is arguably private equity’s most successful technology investment firm — Vista Equity Partners — made a rare appearance on Meet The Press to discuss the steps that the country needs to take to help minority-owned businesses recover from the economic collapse caused by the COVID-19 epidemic. Robert F. Smith is one […]