Category: covid-19
Bezos details Amazon’s COVID-19 testing plans in shareholder letter
Jeff Bezos dropped Amazon’s annual shareholder letter today, as the world struggles through the throes of a global pandemic. Naturally, the company’s response to the on-going COVID-19 crisis took center stage in the open letter, as the virus has impacted the retailer giant at nearly every level. Among the meatier…
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India’s NoBroker raises an additional $30M from General Atlantic
NoBroker, a Bangalore-based startup that helps those looking to rent or buy an apartment connect directly with property owners, has extended its previous financing round to add $30 million to it. General Atlantic has invested $30 million in NoBroker’s Series D round, which the startup unveiled in October last year.…
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GoPro lays off 200 employees as coronavirus pandemic impacts sales
GoPro has announced that it will lay off 200 employees or around 20 percent of its workforce due to the coronavirus pandemic. It aims to reduce expenses by about $100 million by switching the majority of its business to a direct-to-consumer model. Th… Source
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TSMC reports $3.9B Q1 profit, but slashes outlook for the year
Taiwan Semiconductor Manufacturing Company (TSMC) beat analyst estimates after reporting its net profit almost doubled in the quarter that ended in March, and said it was hopeful to sustain momentum in the current quarter but slashed its industry and foundry outlook for the year. The Taiwan-headquartered company, which counts Apple…
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Chinese startup Rokid pitches COVID-19 detection glasses in U.S.
Thermal imaging wearables used in China to detect COVID-19 symptoms could soon be deployed in the U.S. Hangzhou based AI startup Rokid is in talks with several companies to sell its T1 glasses in America, according to Rokid’s U.S. Director Liang Guan. Rokid is among a wave of Chinese companies…
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Gousto, a UK meal-kit service, raises another $41M as business booms under lockdown
Food delivery — be it ready-made restaurant meals, groceries, or anything in between — has seen a huge surge of activity in the last few weeks as people have sheltered in place to slow down the spread of the novel coronavirus. Today, one of the startups that’s built a business…
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