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It’s hard not to feel for Peloton’s new leadership. The team has the harrowing task of attempting to right the ship following explosive growth and a subsequent messy crash back down to Earth. The reasons for the home exercise firm’s struggles are numerous, including some overly ambitious plans set at the height of the company’s […]
Magic Leap details pricing for its next augmented reality device 
Cofactr is a logistics and supply chain tech company that provides scalable warehousing and procurement for electronics manufacturers. The company today announced it raised a $6 million round of seed funding, to “lead the next generation of agile hardware materials management.” The company raised on a SAFE note with a $25 million cap. We spoke […]
The United States Senate today approved the CHIPS Act, with a 64-33 vote, following yesterday’s cloture passage. The bill, which includes $52 billion to subsidize domestic semiconductor production, now moves onto the House for debate. The current bill bears more than a passing resemblance to the United States Innovation and Competition Act, which also passed […]
On August 9, Joe Biden signed into law the CHIPS and Science Act of 2022. The move marked a victory for a presidential administration in dire need of a win and the culmination of a hard-fought, months-long battle that ended with broad bipartisan support. Among the chief criticism leading up to the bill’s passage were […]