Frances’s 5G spectrum is slated to be sold with a base price of $2.4 billion (2.17 billion euros) – an amount that is significantly more than the figure that was previously recommended by the country’s telecoms regulator Arcep. Earlier last week, wary of heavy investments that will be required for deploying 5G technology, Arcep’s president…
The debacle at the launching of Tesla’s latest electric vehicle has not only hit the company’s prospects at the share market but has also brought down the personal wealth of Tesla chief Elon Musk by millions of dollars in just a single day. The incident where in the so called unbreakable window glass of the…
In a statement, Tesla Inc’s Chief Executive Elon Musk said the carmaker has so far received around 150,000 orders for its Cybertruck. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, said Musk in a tweet. He went on to add, these orders came through without any advertising or…
After taking control of the office space sharing firm WeWork by the Japanese investment conglomerate SoftBank, the US firm has said that about 2,400 employees of the company would be laid off globally as a part of its larger strategy of reducing costs and embarking on a path to achieve profitability after the failed IPO…
Amazon.com Inc has filed a lawsuit in the U.S. Court of Federal Claims contesting the awarding of an up to $10 billion cloud computing contract to Microsoft Corp by the Pentagon. According to a spokesman for Amazon, the company has filed a complaint and supplemental motion for discovery under seal. “The Complaint and related filings…
A group of 15 U.S. senators from both the Republican and the Democratic party have written a letter to the U.S. Commerce Department urging it to suspend issuing licenses to U.S. firms that conduct business with China’s Huawei Technologies Co, citing threats to U.S. national security. The letter also urges the Trump, administration to halt…
The long awaited electric pickup truck from electric car maker Tesla is set to finally emerge. The idea of coming out with this vehicles has been touted by Tesla CEO Elon Musk for years and now it is set to challenge the markets of pickup trucks – especially in the US, made by the Detroit…
On Thursday, Sanjay Mehrotra, the chief executive of American memory chipmaker Micron said, the company’s relationship with China’s Huawei ‘continues to be very good’. Mehrotra made these comments to broadcaster CNN on the sidelines of the Bloomberg New Economy Forum in Beijing.
Electric scooter maker Superpedestrian said in a statement that it has raised $20 million for its diagnostic software that can spot impending hardware failure – an area that is of major concern for scooter operators. Although electric scooters have become a popular mode of transport in many cities, with the vehicles breaking down in a…
In a statement, Intel Corp said it was increasing its reliance on contract chip manufacturers in order to ramp up the supply of chips used in personal computers. Intel is struggling with shipment delays midst higher demand. Supply remained “extremely tight” in the first half of the year, said Intel. This is despite the fact…
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