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Amazon Eyes Zoox Acquisition For Autonomous Cars

PYMNTS

Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant’s reach in autonomous vehicle technology, according to a Tuesday (May 26) report in the Wall Street Journal (WSJ), citing sources familiar with the matter. Amazon has established a team devoted to driverless vehicle technology.

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Top News In Payments: US Backers Rain Money On Savvy Startups; Toyota Designs Japanese Smart City

PYMNTS

2019 is on track to be the second-best year on record after 2011 for startups worth over $500 million backed by venture capital. The Woven City will be a “living laboratory” for residents and researchers to create and pilot new technologies like autonomy, robotics and artificial intelligence (AI).

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. As such, automakers are hitting the venture capital highway in droves. The number of automaker-backed investments seems to have skyrocketed overnight.

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Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

financial technology startup backed by Goldman Sachs , is expanding overseas. During an interview at a conference in Las Vegas Jason Gardner, the founder and chief executive of Marqeta, said the U.K. Marqeta , a U.S. In addition to Goldman Sachs, Marqeta is backed by Visa. The expansion into the U.K.

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Capital One’s Scott Zimmer on the importance of design

BankNXT

JP Nicols hosts Breaking Banks from Money2020 at Las Vegas, where he talks to Scott Zimmer from Capital One about the importance of design in banking. Capital One’s Scott Zimmer on the importance of design on BankNXT.

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Amazon Says Go Stores An Early Hit With Customers

PYMNTS

“The ones who work very close, like in the building up above, will come down even just to grab a drink because it’s so fast and easy,” said Amazon Go Vice President Gianna Puerini according to Reuters , at the ShopTalk eCommerce conference in Las Vegas, offering a rare glimpse into a very new retail format for the commerce giant.

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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale. The investment was led by GGV Capital and Digital Sky Technologies, with participation from Founders Fund, AME Cloud Ventures and Vaizra Investments.