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  • GeekWire

    Seattle-area tech leaders join forces to try to raise $10M to aid India’s COVID-19 battle

    Tech leaders have formed a group called Seattle for India that’s trying to raise $10 million to support efforts that are delivering crucial healthcare supplies to India, which is in the midst of a COVID-19 crisis. The effort publicly launched Wednesday night and the organization has raised more than $2 million so far. For one of the organizers, Apptio CEO Sunny Gupta, the emergency has impacted him personally. Last week he learned that his father-in-law, who lives in India, had the virus and was taken to the hospital where he died three days later at the age of 76. His… Read More
  • GeekWire

    Why these successful software founders are planting seeds for new ag tech ventures

    Farmers typically consult the calendar and the weather forecast to figure out when to plant their crops, but figuring out how to grow a tech startup focused on the farm can be a far more complex task. The challenge can call to mind the old joke about the farmer who won the lottery. When asked how the winnings would be used, the farmer answered, “Well, I guess I’ll just keep farming until the money runs out.” When it comes to ag tech ventures, the money isn’t running out: Last year, a Crunchbase survey found that venture capitalists were investing roughly… Read More
  • GeekWire

    Tech jobs hold steady in Seattle and other big tech hubs, but there’s another disturbing trend line

    The great migration of tech talent out of large tech hubs like Seattle, San Francisco and Boston may be overblown. At least that’s one of the findings of a new report by Indeed, which compared job postings in eight large tech hubs to other major metropolitan areas. “Even as remote work increases, tech jobs remain as concentrated in the big tech hubs as before the pandemic,” the report concluded. According to the findings, tech job postings fell less in the eight major tech hubs than other metro areas, which meant “the tech geography pattern changed little during the pandemic.” But… Read More
  • GeekWire

    Amazon Web Services debuts 5-week accelerator for clean energy startups

    Amazon Web Services is announcing the creation of a 5-week accelerator to support clean technology startups. Applications to the AWS Clean Energy Accelerator are being accepted starting today until June 8. The company will select 10 participants. The Seattle-based cloud and online retail giant is partnering with Freshwater Advisors for the initiative. Freshwater is a venture capital and consultancy in Chicago founded in 2013 that has worked with more than two-dozen corporations to help them find and partner with tech startups. Amazon has a variety of accelerator programs, such as Alexa Next Stage (which was previously called Alexa Accelerator); the recently… Read More
  • GeekWire

    Grandson of Jonas Salk raises cash to find ‘genetic needles in the haystack’

    New funding: Gene-sequencing startup TwinStrand Biosciences raised $50 million in a Series B round led by Section 32, a California-based fund focused on biotech, technology, healthcare and life sciences. Total venture capital funding is now north of $70 million for the 6-year-old company. Double strands of innovation: TwinStrand, which spun out of the University of Washington, has developed technology in both gene sequencing and analyzing sequencing results to help it find what the company calls “genetic needles in the haystack.” Conventional genetic sequencing isn’t totally accurate, which is fine when you’re trying to tease out DNA’s A-T-G-C pattern in a… Read More
  • GeekWire

    Jeff Bezos sells more than $2.4B in Amazon stock

    Amazon CEO and founder Jeff Bezos sold off more than $2.4 billion in Amazon shares this week, new regulatory filings show. Bezos said in 2017 that he was selling $1 billion a year to fund his Blue Origin space venture, but he has been increasing the size and frequency of the stock sales recently. He sold more than $7 billion last year. This is his first stock sale of 2021. Amazon’s stock price soared last year to record-highs amid the pandemic as the company’s e-commerce, cloud computing, and advertising arms have boomed. Shares have increased slightly thus far this year, trading… Read More
  • GeekWire

    Redfin posts 40% revenue gain, says business ‘hitting on all cylinders’ as housing market booms

    Redfin first quarter results: The Seattle real estate company saw a 40% surge in revenue in the first quarter, reporting $268 million in sales. Its gross profit soared 229% to $42 million, and its net loss was cut nearly in half to $36 million compared to the first quarter of 2020. Its net loss came out to 37 cents per share. The consensus analyst revenue estimate for the quarter was $253 million, while the earnings per share estimate was -34 cents per share. Full results here. What the execs are saying: “After scrambling in the second half of 2020 to… Read More
  • GeekWire

    Zoox CTO on the Amazon acquisition, and the environmental promise of self-driving taxis

    Has the past year convinced you that your family doesn’t need multiple vehicles? Could you be persuaded to give up all of your cars? We may not be there yet as a society, but Jesse Levinson wants to get us closer to that reality. A veteran in the world of autonomous vehicles, Levinson is the co-founder and CTO of Zoox, a Foster City, Calif., company developing its own electric, autonomous vehicle and robotaxi ride-hailing service. Levinson leads the company with CEO Aicha Evans. Zoox operates as an independent company inside Amazon after its acquisition last year. On this episode of… Read More

Science and Technology | AP

  • Apple’s app store chief fends off attacks in antitrust trial

    SAN RAMON, Calif. (AP) — Apple’s top app store executive on Thursday faced an avalanche of documents unleashed Thursday by an Epic Games lawyer aiming to prove allegations that the iPhone maker has been gouging app makers as part of a scheme hatched by Apple’s late co-founder Steve Jobs. The confrontation in an Oakland, California, […]
  • How major US stock indexes fared Thursday

    Stocks are closing higher Thursday, as gains by banks and technology companies led a broad rally. The Dow Jones Industrial Average hit a new high. Healthcare was hurt by news late Wednesday that the White House supports waiving intellectual property rights for coronavirus vaccines to help immunize poorer countries faster. Shares of drugmaker Moderna lost […]
  • Attorneys: Texas AG unblocks Twitter critics after lawsuit

    AUSTIN, Texas (AP) — Nine Twitter users who sued Texas Attorney General Ken Paxton for blocking them on the social media platform have regained access to the Republican’s posts, their attorneys said Thursday. The users blocked by Paxton included college students, a journalist, a U.S. Army veteran and the leader of a progressive political group. […]
  • NY: Broadband cos paid for 8.5M fake net neutrality comments

    The Office of the New York Attorney General said in a new report that a campaign funded by the broadband industry submitted millions of fake comments supporting the 2017 repeal of net neutrality. The Federal Communications Commission’s contentious 2017 repeal undid Obama-era rules that barred internet service providers from slowing or blocking websites and apps […]
  • US proposes ending rule that weakened wild bird protections

    BILLINGS, Mont. (AP) — Longstanding protections for wild birds would be restored under a proposal unveiled Thursday to bring back prosecutions of avian deaths by industry that were ended under former President Donald Trump. The Interior Department announcement came as President Joe Biden has sought to dismantle a Trump policy that ended criminal enforcement against […]
  • Streaming revenue boosts ViacomCBS Q1 results

    ViacomCBS’s first-quarter net income beat expectations on strong streaming revenue during a quarter when the company aired the Super Bowl and introduced its rebranded streaming service. ViacomCBS rebranded its streaming service formerly called CBS All Access to Paramount+ in March. ViacomCBS added 6 million global streaming subscribers in the quarter, for a total of 36 […]
  • Microsoft pledges to let EU users keep data inside bloc

    LONDON (AP) — Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to avert concerns about U.S. government access to sensitive information. Microsoft “will go beyond our existing data storage commitments and enable you to process and store all your data in […]
  • Nintendo profits boom as people stuck at home play games

    TOKYO (AP) — Nintendo Co.’s profit for the fiscal year that ended in March jumped 86% on healthy sales of its Switch handheld machine as people stayed home due to the pandemic, turning to video games for entertainment. Annual profit for the Japanese maker of Super Mario and Pokemon games totaled a record 480.4 billion […]
  • Vatican conference features Fauci, Francis — and Aerosmith

    ROME (AP) — The CEOs of vaccine-makers Pfizer and Moderna joined cardinals, academics and the lead guitarist of Aerosmith in opening a unique Vatican conference on COVID-19, other global health threats and how science, solidarity and spirituality can address them. The three-day online conference, which began Thursday and ends Saturday with a virtual audience with […]
  • EU to discuss US vaccine patent plan at Friday summit

    BRUSSELS (AP) — European Union leaders said Thursday that in the wake of the U.S. backing patent waivers for COVID-19 vaccine technology, the 27-nation bloc immediately will start discussing whether they should join such a move. The leaders’ first opportunity to mold a common view will come as soon as a two-day summit in Porto, […]
  • On social media, memories pop up from a pandemic still going

    COLUMBUS, Ohio (AP) — When the pandemic passed the one-year mark, Lisa Phillips wasn’t exactly eager to walk down memory lane. She had developed symptoms and quarantined with a suspected case of COVID-19 last spring, lost her mother to the disease in July and been hospitalized in November from what she describes as a nervous […]
  • Facebook’s oversight board: Watchdog or distraction?

    Facebook’s oversight board, which on Wednesday upheld the company’s ban of former President Donald Trump, also had some harsh words for the company. Calling Facebook’s indefinite ban of Trump a “vague, standardless penalty,” the board also accused its corporate sponsor of seeking to ” avoid its responsibilities ” by asking its quasi-independent oversight group to […]
  • US stocks close higher as banks, technology lead broad rally

    A choppy day of trading on Wall Street ended Thursday with stocks broadly higher and another all-time high for the Dow Jones Industrial Average. Banks and technology companies led a late-afternoon turnaround that pushed the S&P 500 to a 0.8% gain, reversing the benchmark index’s losses for the week. Gains in most Dow companies, including […]
  • Did agents raid home of wrong woman over Jan. 6 riot? Maybe.

    ANCHORAGE, Alaska (AP) — “We’re looking for Nancy Pelosi’s laptop,” FBI agents told Marilyn Hueper after briefly handcuffing her. Hueper shot back: “That still doesn’t explain why you’re in my home. Or in Homer, Alaska.” The search for the House speaker’s laptop had taken a U.S. Capitol Police officer thousands of miles away from home […]
  • Google says 20% of workers will be remote, many more hybrid

    MOUNTAIN VIEW, Calif. (AP) — Google says it expects about 20% of its workforce to still work remotely after its offices reopen this fall, while some 60% will work a hybrid schedule that includes about three days in the office and two days “wherever they work best.” The remaining 20% can change their location to […]