Serve Robotics, the sidewalk delivery robot company backed by Nvidia and Uber, is expanding into a new category with its latest acquisition: healthcare. Los Angeles-based Serve Robotics announced Tuesday it was acquiring Diligent Robotics, a startup that builds robots named Moxi designed to assist in hospitals by delivering lab samples, supplies, and other tasks. The deal values Diligent’s common stock at $29 million. Diligent Robotics was founded in 2017 by Andrea Thomaz and Vivian Chu and has raised more than $75 million in venture capital — most recently raising a $25 million funding round in 2023. The acquisition marks Serve’s…

Amagi Media Labs, a Bengaluru-headquartered company that sells cloud software used to run and monetize TV and streaming channels, saw its shares slide in its India market debut after raising ₹17.89 billion (about $196 million) in an IPO — a deal that stands out in a market still dominated by consumer companies going public. Shares opened at ₹318 on Wednesday, a 12% discount to the ₹361 issue price, before climbing to ₹356.95 and later trading around ₹348.85, valuing Amagi at ₹75.44 billion (around $825.81 million), according to the National Stock Exchange. Amagi was last valued at $1.4 billion in a…

Days ahead of a scheduled trial, social media company Snap has settled a lawsuit accusing the platform of causing social media addiction, according to reports from multiple outlets. According to the New York Times, the settlement was announced Tuesday in the California Superior Court in Los Angeles County. The lawsuit against Snap was brought by a 19-year-old known in court documents as K.G.M., accusing the social media app of designing algorithms and features that caused addiction and mental health issues. The terms of the settlement were not disclosed. The lawsuit also names other platforms, including Meta, YouTube, and TikTok. No…

Luminar founder and former CEO Austin Russell has agreed to accept an electronic subpoena for information on his phone related to the company, as part of the lidar maker’s ongoing bankruptcy proceeding, per a new filing Tuesday. Russell now has seven days to file a motion to quash the subpoena, or object to it — otherwise he has 14 days to comply, according to the filing. The agreement comes two weeks after Luminar’s lawyers accused Russell of avoiding the subpoena by turning away process servers at the gate to his Florida mansion. Russell had argued he was unwilling to turn…

In 2023, the website then known as Twitter partially open sourced its algorithm for the first time. In those days, Tesla billionaire Elon Musk had only recently acquired the platform, and he claimed to be on a mission to restructure the social media platform to make it more transparent. However, the algorithm’s code release was swiftly critiqued for being “transparency theater,” with critics noting that it was “incomplete,” and that it didn’t reveal much about the inner workings of the organization, or why the code worked the way that it did. Now the site (rebranded as X) has open sourced…