[TL;DR] Tech news that you shouldn’t miss this 06/01
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
SoftBank is injecting $ 2.25 billion into self-driving cars from GM Cruise. This capital contribution should allow the large-scale marketing of vehicles from 2019.
Why this is important: With this massive investment, GM Cruise is stepping up in the autonomous car. This capital contribution should allow the large-scale marketing of its vehicles from 2019. As a reminder, General Motors had acquired the start-up Cruise Automation in 2016 in order to have its share of the pie in the promising sector. autonomous driving. With this financing from SoftBank, the American automaker is one step closer to its goal.
Chime, the American neobank of Millennials, raises $ 70 million. This funding round values the Californian mobile bank around 500 million dollars.
Why this is important: To date, Chime claims more than one million accounts on its platform and around 100,000 new accounts opened each month. The American neobank has also generated more than $ 4.5 billion in transaction volume since its inception and is expected to reach $ 10 billion by the end of the year. This new funding should allow Chime to develop its activity to attract new users. In addition to the 18-34 year olds, the neobank wants to become more and more attractive to attract young entrepreneurs.
Biomodex, 12 million euros to put 3D printing at the service of surgeons. The start-up uses 3D printing to create 3D models of complex organs.
Why this is important: Biomodex was created with the ambition to improve the training of surgeons. To get as close as possible to real operating conditions, Biomodex technology makes it possible to reproduce the mechanical characteristics of human tissues in a model. In this way, surgeons can prepare for their operations in more serene conditions by directly confronting the reality that awaits them, which helps reduce medical errors. With this funding round, Biomodex plans to improve its products to optimize the training conditions for surgeons. The young Parisian startup also plans to accelerate its international development, particularly in the United States where it has opened an office in Boston.
Alibaba will open a giant distribution center near Liège airport. Cainiao, Alibaba’s logistics arm in the world, has also chosen to make this airport one of its global hubs for its shipments.
Why this is important: Negotiations are ongoing but at an advanced stage. “It could go pretty quickly. In the coming weeks, before summer, we could see a little more clearly», Explained the Walloon Minister of the Economy, Pierre-Yves Jeholet. For its part, Alibaba’s logistics arm around the world, Cainiao, has announced that it has chosen this airport as the European center for its international network. The airport already receives Cainiao’s shipments to Europe, but the establishment of the hub should significantly increase volumes. The global hubs set up by Cainiao aim to support the expansion of the company’s “delivered in 5 days” service.