Wednesday, June 23, 2021

Self-driving truck startup Embark says it is going public via SPAC merger at a ~$5.2B valuation (Amrith Ramkumar/Wall Street Journal)

Amrith Ramkumar / Wall Street Journal:
Self-driving truck startup Embark says it is going public via SPAC merger at a ~$5.2B valuation  —  Embark is the latest self-driving truck firm to tap public markets in recent months, joining Plus and TuSimple  —  Embark Trucks Inc. is merging with a special-purpose acquisition company …



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Some startups and researchers who can't access the most advanced chips are adopting a "frugal AI" approach, building smaller models on open-weight systems (Rina Chandran/Rest of World)

Rina Chandran / Rest of World : Some startups and researchers who can't access the most advanced chips are adopting a “frugal AI” app...