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Ryan Browne / CNBC: Raspberry Pi raised an undisclosed amount from Sony Semiconductor Solutions at a $500M valuation, the same valuation as its $45M raise in 2021, to work on AI — - Raspberry Pi has received fresh investment from Sony's semiconductor unit, in a deal that will let users and developers make visual sensory applications using its AI chips. Ryan Browne / CNBC: Raspberry Pi raised an undisclosed amount from Sony Semiconductor Solutions at a $500M valuation, the same valuation as its…

Ram finally revealed the details of its long-awaited first electric truck, the Ram 1500 REV. The electric truck will rival the Ford F-150 Lightning and upcoming Chevy Silverado EV with impressive targetted range, towing, and other features. After teasing an electric Ram truck concept last year, Stellantis CEO Carlos Tavares said: Our Ram 1500 will outperform all competitors on the attributes customers care about most: range, towing, payload, and charge time. Ram Trucks CEO…

Just when the #MeToo movement looked to be getting marginalised in just the way activists had feared, a new frontier has opened up – history.Leonard Whiting and Olivia Hussey, who as teens starred in Franco Zeffirelli’s movie version of Romeo and Juliet in 1968, are suing Paramount for more than $500m for child abuse in the semi-nude scene they say they were made to do, having originally been assured by the director that this would not be necessary. This was act three, scene five – in which the star crossed, loved-up hero…

BorgWarner will participate in Wolfspeed’s financing transaction to support Wolfspeed’s multi-year capacity expansion plan. BorgWarner says access to a dedicated supply of silicon carbide (SiC) devices is ‘significant to BorgWarner’s inverter growth plan and Charging Forward objectives’. Under the multi-year agreement between BorgWarner and Wolfspeed, BorgWarner will be entitled to purchase up to $650 million of devices…

Contract manufacturing superpower Magna International announced it is investing over $500 million to erect two new manufacturing facilities and expand a third in the state of Michigan. The new and expanded Magna facilities will develop components specifically for the growing market of electric vehicles and are expected to create over 1,500 new jobs in Michigan. Even if you aren’t already aware of Magna International, there’s a very high chance you’ve driven a vehicle with at least one component the multi-national…

The Binance Smart Chain experienced an exploit of its token bridge to the extent of $560M. However, the Binance exchange and blockchain team suspended the network for 24 hours. This move limited the losses to $100M, which the hacker had already bridged to Ethereum and Fantom. Upon resumption, CZ, the founder of Binance, assured all funds were safe, and the issue contained. Further, the Binance Smart Chain team went ahead issuing a statement that mentions that all further actions taken against the hacker will be decided…

Financial Times: UK-based blockchain gaming startup Improbable, which raised $500M from SoftBank in 2017, is close to raising £100M at a £3B+ valuation, up from £2.5B in 2018 — UK company has abandoned struggle to make video games and turned to creating virtual-world technology Financial Times: UK-based blockchain gaming startup Improbable, which raised $500M from SoftBank in 2017, is close to raising £100M at a £3B+ valuation, up from £2.5B in 2018 …

Chris Metinko / Crunchbase News: Overtime, which distributes original sports content on social media channels, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M — Sports league startup Overtime closed a $100 million Series D valuing the company at $500 million. Chris Metinko / Crunchbase News: Overtime, which distributes original sports content on social media channels, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M …

State regulators voted Wednesday to allow Xcel Energy-Colorado to recover hundreds of millions of dollars from customers for costs from a 2021 winter storm, but knocked $8 million from the $508 million sought after criticizing the utility’s actions before and during the frigid weather. Xcel Energy customers will eventually see a temporary rider on their monthly electric and natural gas bills to pay for the costs. The costs stem from a February 2021 storm that brought record cold temperatures and soaring natural gas prices…

Saul Klein is a busy man. As co-founder, with his father Robin, of LocalGlobe, one of the longest-running VCs in Europe, he has overseen a wide range of initiatives – among other things the pair are passionate investors and philanthropists in LocalGlobe’s HQ’d area of Somers Town, London – as well as the more conventional business of venture investing in startups. But, although the LocalGlobe brand name and fund remains, now the new umbrella brand for all the Kleins’ activities will henceforth be “Phoenix Court…