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SoftBank considered backing Deliveroo, then Uber arrived

UBER Technologies Inc’s potential multi-billion-dollar deal with SoftBank Group Corp is handicapping a fast-growing rival’s fundraising efforts.

On expansion path: A delivery cyclist sets off from a Deliveroo Editions field kitchen in Hove, UK. Deliveroo is rapidly expanding to better compete with Uber, Amazon.com Inc and others in the crowded restaurant-delivery market.

Tech dreams live or die on startup battlefields

Fearing failure but driven by a chance at Silicon Valley stardom, young entrepreneurs pitch their dreams in mere minutes at startup competitions like TechCrunch Disrupt that ended in San Francisco on Sept 20.

Tech startups vying for investors, fans, and media attention at a TechCrunch Disrupt conference in San Francisco. About 20 startups vied in the TechCrunch Disrupt battle of the startups, a highlight of the three-day event. — AFP

Dockless bike-share hits US capital, following craze in China

Dockless bike-sharing, a trend which has taken China by storm, arrived in the US capital on Sept 20 with the launch of new services aimed at promoting two-wheeled travel without the hassle of a docking station.

Thanks to Apple, 50-year-old facial recognition goes mainstream

Thanks to Apple Inc’s new iPhone X, facial recognition may finally be on the verge of breaking out with consumers.

Salesforce to launch US$50mil artificial intelligence fund

The venture wing of Salesforce.com Inc is launching a US$50mil (RM209.67mil) fund to invest in startups employing artificial intelligence, the cloud computing firm told Reuters.

With its new fund, Salesforce is hoping to attract more developers to build AI apps that work in tandem with its products. — Reuters

Brooklyn seen as best bet for NYC to win new Amazon headquarters

Brooklyn may emerge as an attractive lure in New York City’s long-shot bid to become Amazon.com Inc’s new home.

People walking beneath Brooklyn Bridge in the Brooklyn borough of New York City. There are several sites in Brooklyn that could potentially meet Amazon’s need for 500,000 square feet for the first phase, and as much as 8 million square feet over the next 10 years, according to Cohen. — Reuters

Boston startups are teaching boats to drive themselves

A small industry of startups trying to teach boats to drive themselves is emerging along the harbour.

Sea Machines Robotics' autonomous boat, Steadfast. — Bloomberg

MIT venture fund backs startups in biotech and renewable energy

BOSTON: A venture fund started by the Massachusetts Institute of Technology (MIT) called The Engine has financed its first seven companies after raising US$200mil from investors.

EU antitrust chief defends probe of Google, US tech giants

Europe’s top antitrust regulator Magrethe Vestager defended her agency’s investigations of Google and other US tech giants, arguing that dominant companies have a “special responsibility” to avoid abusing their market power.

Vestager said maintaining competition is important for consumers even when the 'products' delivered by search engines or social networks is free. — AFP

MaGIC Activate goes regional

KUALA LUMPUR: Malaysian Global Innovation & Creativity Centre (MaGIC) has partnered 17 Southeast Asian entrepreneurship community builders to form Asean Activate, a regional extension of the MaGIC Activate platform.

Ashran (centre) with the local partners of Asean Activate and their certificates of membership

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