Musk 'master plan' may cost Tesla tens of billions

Musk, commenting while touring Tesla's Gigafactory in Nevada, said the spending will occur over time. He also noted he was “frustrated” with the media coverage concerning the recent Autopilot crash. Read more »

Startups - Tales of the pivot

Under new CEO, Seattle's NetMotion Wireless looks to 'reposition'

by Rachel Nielsen Christopher Kenessey, NetMotion Wireless

SEATTLE — The new CEO at NetMotion Wireless, a Seattle company developing software that helps workers connect to applications in mobile environments, wants to capitalize on mobile trends in the workplace in the U.S. and overseas to expand its customer base.

Christopher Kenessey, who become CEO earlier this month after serving as president for about seven months, said he is directing a slight  ...

13 hours ago
Startups - Workspace concepts

'Muse project' becomes fast-growing work lounge business

by Marc Stiles Coterie Worklounge in Seattle, Wash. offers a swank venue for shared workspace

SEATTLE — It was in the lounge of a fancy hotel near Carnegie Hall where two Seattle women discovered their entrepreneurial muse.

Leah Richmond and Su-Zette Sparks hadn't traveled to New York City to start a coworking company — instead, they were there for a conference about the future of work when they found themselves in the Park Central Hotel. They were struck by how the relaxed,  ...

14 hours ago
Startups - Pet saviors

Nestle Purina partners on contest for pet-care startups

by Diana Barr dog stock photo

ST. LOUIS — Startup companies offering pet-care products and services could win up to $20,000 in cash and support through a new Pet Care Innovation Prize, supported in part by Nestle Purina PetCare.

The prize, a partnership between St. Louis-based Nestle Purina, Active Capital and Cultivation Capital, is part of a competition to identify and support early-stage pet-care companies in what is a  ...

15 hours ago
Startups - Troubled startup

Despite Tennessee ruling, California regulators will take their time on Zenefits investigation

by Chris Rauber DAVID SACKS

SAN FRANCISCO — Zenefits, the San Francisco-based tech-infused insurance brokerage that's been under investigation by regulators in multiple states, got its first regulatory report card this week.

The Tennessee Department of Commerce and Insurance fined it $62,500, and otherwise largely let the brokerage and human resources startup off the hook, because it self-reported the violations and took  ...

16 hours ago
Loot - Merger watch

'Netflix of China' snaps up Vizio for $2 billion

by Annlee Ellingson LeEco CEO YT Jia, VIZIO CEO William Wang

LOS ANGELES — Vizio won’t go public after all. Instead, the Southern California TV manufacturer has been purchased by Chinese technology giant LeEco for $2 billion in cash.

Under the deal, it’ll be business as usual for Vizio’s hardware and software business. The executive management team will remain in place, and the unit will continue to operate out of its Irvine headquarters as a  ...

16 hours ago
Startups - Silicon Nation: Orlando

3 reasons Orlando is a hot scene for tech startups

by Matthew Richardson Orlando iStockphoto

ORLANDO — Orlando is becoming a hot scene for tech startups, according to several factors, including the fact that the city was ranked as one of the top 10 U.S. cities for young entrepreneurs.

Here are three more factors that make the City Beautiful an attractive place, specifically for tech entrepreneurs:

Media - Disrupting Hollywood

Netflix’s hip-hop series “The Get Down” is the most expensive Netflix series ever

by Gina Hall NETFLIX EARNS

SILICON VALLEY — Netflix’s hip-hop series “The Get Down” is under scrutiny for becoming Netflix’s most expensive TV series ever, costing $120 million to produce.

The show, set in the 1970s, follows kids in the South Bronx during the emergence of hip-hop and is helmed by Baz Luhrmann, who directed the musical “Moulin Rouge.” Netflix outbid FX for the series more than two years  ...

18 hours ago
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