In a statement, electric vehicle startup Rivian said, it will begin taking pre-orders for its electric SUVs and pickup truck with deliveries scheduled for both in next year. The launch editions of the electric R1S SUV and the R1T pickup truck has been priced at $77,500 and $75,000 respectively, with both vehicles having a 300…
In a significant development, the Brazilian government said it has backed Washington’s push to build a global alliance of Clean Network that excludes technology companies that are manipulated by governments including China’s Communist regime. The development came in the wake of Keith Krach, U.S. Under secretary of state for economic growth, energy and environment, advising…
In an interview, Tomer Weingarten, the CEO of SentinelOne said, the startup has raised $267 million from venture capital backers including Sequoia and Tiger Global, and saw its valuation jump to more than $3 billion – nearly three times its valuation in February 2020. The startup uses artificial intelligence technology to protect mobile phones and…
According to a source familiar with the matter at hand, online retail giant is set to face antitrust charges from the European Commission over its usage of merchant data, said EU’s antitrust chief Margrethe Vestager. The European Commission has been investigating the online retailer’s dual role, of that of a marketplace for merchants as well…
In a significant development in a statement drugmaker Pfizer Inc said, its experimental COVID-19 vaccine has been effective more than 90%, as per initital trial results. The development marks a major victory in the war the Wuhan coronavirus-induced COVID19 pandemic which has killed more than a million people globally and has brought the growth of…
In a significant development, in a statement Richard Branson’s Virgin Hyperloop said, it has completed the world’s first passenger ride on a super high-speed levitating pod system. The development marks the passing of a key safety test in this next generation transportation technology which will transform human and cargo transportation in the coming future. In…
In a significant development that sees Facebook gaining entry into India’s booming digital payment space, WhatsApp has been granted approval to role its payments service in India. WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google Pay, Softbank- and Alibaba-backed Paytm and Walmart’s PhonePe. Menlo Park,…
In a statement the U.S. Justice Department stated, it had seized more than $1 billion worth of bitcoin associated with the underground online marketplace Silk Road. The Justice Department is seeking the forfeiture of the bitcoins, which had been in the possession of an unnamed hacker who had stolen them from the “notorious” website. The…
Its first loss in its 94 years as a publicly-listed company was reported by Marks & Spencer as the novel coronavirus pandemic severely hit its business. A loss of £87.6m was reported by company in the six months to 26 September, compared to profits of £158.8m that the company had reported in the same period…
It has been quite some years that Asia’s richest man Mukesh Ambani has been trying to reduce the reliance on oil for his company. And this week showed why. Following a fall in the share price his conglomerate plunging as much as 8.6 per cent, the wealth of top billionaire of Asia was wiped off…
business-gurus.com 