News and Trends

Intel Partners With Rolls-Royce to Develop Self-Sailing Ships

Plus, the wool sneaker startup Allbirds recently raised $50 million in Series C funding and Walmart has acquired online lingerie retailer Bare Necessities.
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Rolls-Royce announced that it would use Intel chips to collect data as it develops a system for autonomous ships that carry cargo out in the ocean. The autonomous ships' sensors are similar to those you'd find on a self-driving car, but with better cameras of course. 

The wool sneaker startup Allbirds recently raised $50 million in Series C funding. The 3-year-old startup backed by Leonardo DiCaprio and Scooter Braun has raised $75 million to date and is reportedly valued at $1.4 billion. Next week, Allbirds plans to open its first storefront in the U.K.

Walmart has acquired online lingerie retailer Bare Necessities for an undisclosed amount. This is Walmart's second apparel-focused acquisition in less than two weeks. Bare Necessities will continue to operate its site as before and will run as a standalone brand. 

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