The Briefing: Intel Plans Mobileye IPO, Better.com Lays Off 900, And More
Summary
Intel is forging ahead with plans for a public offering for its autonomous driving unit, Mobileye. A potential IPO could set a valuation of over $50 billion for Mobileye, according to a report in The Wall Street Journal. Mortgage company Better.com laid off around 900 employees last week over a Zoom call, The Daily Beast reported. Better.com CEO Vishal Garg also accused those employees of “stealing” by working only two hours a day in messages posted to an anonymous professional network, Fortune reported. METiS Therapeutics lands $86M: Cambridge, Massachusetts-based METiS Therapeutics, a startup using AI and machine learning for drug discovery, announced it has raised $86 million in a Series A financing led by PICC PE and China Life.
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