investment
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Porsche pours more cash into EV supercar company Rimac
Porsche is strengthening its relationship with EV supercar company Rimac, investing "eight figures" to keep its ownership stake at around 20 percent.
Samsung is investing $356 billion in chips, biotech and AI
It expects to hire 80,000 more employees by 2026.
VW will invest $7.1 billion in its North American production capacity
Volkswagen's electrification efforts in North America will receive an additional $7.1 billion investment over the next five years, the company announced on Monday.
Google to invest up to $1 billion in India's second biggest carrier
After investing $4.5 billion in India's largest carrier Jio, Google is now putting up to $1 billion in Airtel, the second largest mobile operator.
US puts drone maker DJI and seven other Chinese companies on investment blocklist
The US government will place DJI and seven other Chinese companies on an investment blocklist for alleged involvement in surveillance of Uyghur Muslims.
Nissan to invest $17.6 billion in EV development over the next five years
Nissan will invest 2 trillion yen ($17.6 billion) over the next five years developing new EVs and battery technology.
Rivian reportedly plans to invest $5 billion in its second US assembly plant
Rivian plans to invest $5 billion initially in a second manufacturing plant, dubbed Project Tera, with construction slated to start in the fall of 2021
Panasonic turned its $30 million Tesla investment into a $3.6 billion windfall
Panasonic has sold its entire stake in Tesla for around $3.6 billion to raise cash for an acquisition.
GM increases its self-driving and EV investment to $35 billion
GM has increased the money it's earmarking for its combined EV and self-driving investment from 2020 through 2025 to $35 billion.
Apple will build another US campus in North Carolina
Apple plans to invest $430 billion in the US economy over five years after exceeding its previous domestic target.
Google will pay publishers to curate a reliable news feed
Google is investing $1 billion in Google News Showcase, a new product that will pay publishers to curate content.
Google’s Nest devices will be the ‘cornerstone’ of ADT smart home security
Google has announced that it will invest $450 million in security firm ADT, forming a partnership that will allow ADT’s technicians to sell and install Google’s Nest family of products. At the same time, Google’s Nest devices and AI technology will eventually expand ADT’s home security product range and become the “cornerstone of ADT’s smart home offering,” Google wrote.
Google buys $4.5 billion stake in India's biggest mobile network
Google has paid $4.5 billion for a 7.7 percent share of Jio, India's biggest mobile network.
Apple will spend $400 million on affordable housing this year
Apple will spend more than $400 million on affordable housing projects and first-time homebuyer assistance programs in California this year.
Bipartisan Senate bill aims to invest $100 billion in technology R&D
The Endless Frontiers Act would invest $100 billion in AI, high-performance computing, robotics, automation and more.
Lime now owns Uber's Jump bike and scooter service
Uber is leading a $170 million investment in scooter sharing company Lime, and is handing over its Jump bike division.
Waymo's first outside investment round includes car industry heavyweights
Believe it or not, Waymo hasn't really leaned on outside help to fulfill its self-driving car ambitions -- Alphabet (and earlier, Google) has shouldered much of the load. Now, however, it's expanding its sources of cash. Waymo has announced its first external investment round, and you might recognize a few of the names contributing a shared $2.25 billion. Car tech giant Magna International and retailer AutoNation are making investments, as are well-established investment groups like Andreessen Horowitz, the Canada Pension Plan Investment Board, Silver Lake and Mubadala.
BBC Studios is the next to pour money into Pocket Casts
BBC Studios is the latest public media group to support Pocket Casts. Today, the free-to-download podcasting platform announced an investment from BBC Studios, as well as new funding from its existing public media partners: NPR, WNYC Studios and WBEZ Chicago.
SiriusXM invests $75 million to play a bigger role in SoundCloud
In what could be a sign of a closer partnership in the future, SoundCloud has secured a $75 million investment from SiriusXM. In exchange for the cash infusion, the streaming company says it gave Sirius a minority stake and two board seats.
Toyota invests $394 million in flying taxi startup Joby Aviation
Toyota just invested $394 million in the flying taxi startup Joby Aviation. The two companies say they will work together, Joby sharing its all-electric vertical take-off and landing (eVTOL) expertise and Toyota lending its knowledge of manufacturing, quality and cost controls to the development and production of Joby's future aircraft.
