Toyota Motor is making a $394 million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets. Toyota is the lead investor in Joby’s $590 million Series C funding, alongside Baillie Gifford and Global Oryx and prior backers Intel Capital, Capricorn …

Bloomberg Apple Inc acquired Seattle-based artificial intelligence (AI) company Xnor.ai, bringing on more talent in a key area of technology. The company, founded in 2016, had raised millions of dollars to build tools that help AI algorithms run on devices rather than remote data centres. In recent years, Apple has pushed to run this type of software on its devices …

Bloomberg Smart speakers such as those made by Amazon.com Inc are to come under new scrutiny by the UK government when it publishes the results of a consultation into the security features of connected consumer devices. UK digital secretary Nicky Morgan said the results of the public inquiry, which concluded in June, will be released within the next “month or …