TNB Tech Minute: Ex-Meta AI Pioneer’s Startup Raises Over $1 Billion
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 10 March 2026
⏱️ 3 minutes
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| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:25.1 | While increasing megastore profits, they deserve it. Don't they? |
| 0:29.1 | Tell Congress, stop the Durban Marshall money grab for corporate megastores. |
| 0:31.2 | Paid for it by the Electronic Payments Coalition. |
| 0:38.2 | Here's your morning TNB Tech Minute for Tuesday, March 10th. I'm Julie Chang for the Wall Street Journal. |
| 0:44.6 | Advanced Machine Intelligence, the startup co-founded by Jan Lacoon, one of the godfathers of AI, |
| 0:51.6 | raised over $1 billion in a seed funding round to develop new AI systems. Bezos Expeditions, |
| 0:58.0 | Cathay Innovation, Greycroft, Hero Capital and HV Capital co-led the investment in AMI Labs. |
| 1:06.9 | According to the company, Envidia, Samsung Electronics, Toyota Ventures, and former Google CEO Eric Schmidt are also among AMI's backers. |
| 1:15.0 | Neo reported its first ever net profit in the fourth quarter of 2025, driven by record sales and strong margins. |
| 1:19.4 | The company is considered one of the top three emerging EV brands in China. |
| 1:27.3 | Neo's fourth quarter vehicle deliveries jumped 72%, reaching a record of just under 125,000 units. The Shanghai-based company said net profit was about |
| 1:30.6 | $17.7 million for the three months ended December, compared with a net loss a year earlier. |
| 1:37.8 | Revenue rose 76%. Neo plans to launch EVs in Australia and New Zealand in the second half of 2026 and is entering the Thai market in March. |
| 1:48.8 | And Uber is expanding a feature that allows female users to request rides from women drivers, making the option available nationwide. |
| 1:58.1 | Uber launched the feature in five pilot cities last August and expanded it to 60 cities |
| 2:03.6 | by the end of the year. The expansion comes as Uber continues to face scrutiny over passenger safety. |
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