Procter & Gamble and Powermat have announced that they intend to form a joint venture (JV) to bring wireless power products to consumers around the world. As part of the strategic alliance between P&G’s Duracell brand and Powermat, P&G also expects to make an equity investment in Powermat. It is expected that the JV will begin operation early next year, according to a statement by P&G. Powermat has been chosen by General Motors and will be integrated into its cars as of 2012, and the company is expanding its technology into public spaces, office furniture and major appliances. You can read the statement by P&G here.
P&G And Powermat Announce JV
Just in
Series E
Corelight raises $150M
San Francisco-based network detection and response (NDR) company Corelight has raised $150 million in a Series E funding round.
AI
Anthropic introduces team plan, iOS app for Claude AI
Anthropic announced two updates for its AI assistant, Claude: a new Team plan and an iOS app.
Industry
Tencent, Mercedes-Benz, EA partner for in-car gaming
Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.
AI
Amazon Q generative AI chatbot now generally available
Amazon Web Service (AWS) has announced the general availability of Amazon Q, a generative AI-powered assistant that leverages companies' internal data.
Fundings
Island raises $175M
Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.