In a statement Group14 Technologies said, it has entered into a battery materials supply agreement with Europe’s InoBat under a partnership to manufacture high-energy density cells for electric vehicles. Demand for high-capacity, lithium-silicon batteries has increased as manufacturers shift to electric vehicles to tap a rapid transition to cleaner sources of energy. InoBat, established in…
In a statement Facebook’s Instagram said, it will launch advertising on its Shop feature globally, in an aim to earn money from brands. Instagram Shop is a tab on the photo and video sharing app that lets users browse items such as clothes and beauty products and even purchase the items directly from within the…
In a statement McDonald’s Corp said, it is promoting its U.S. marketing chief in an attempt to increase traction with younger customers through digital sales. McDonald’s Corp has promoted Morgan Flatley, who helped launch McDonald’s “Famous Orders” campaign with pop stars including South Korean boy band BTS and rapper Saweetie, will now become its global…
In a statement Canada’s e-commerce giant Shopify Inc said, it has partnered with China’s TikTok to work on a feature that would let shoppers buy directly from the social media app. As a result, Shopify merchants who also have TikTok business accounts would be able to add a shopping tab to their profiles, said the company…
On Monday, in a statement PayPal Holdings Inc said, it will allow customers in the UK to purchase, hold and sell bitcoin and other cryptocurrencies from this week onwards. The roll-out marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States; it could potentially trigger the mainstream adoption of cryptocurrencies as a…
On Thursday, a group of 7 British organizations including startup Britishvolt, battery materials company Johnson Matthey, and Oxford University said, they had formed a consortium to develop solid-state batteries for electric vehicles. The group plans on building a facility to develop technologies and prototypes for the mass production of solid-state batteries. The consortium also includes…
In a statement Ford Motor Co said, it will temporarily close its Kansas City assembly plant which builds its best-selling F-150 pickup truck because of a shortage of semiconductor-related parts. The shortage is caused by the COVID-19 pandemic in Malaysia. Production is slated to resume in August 23, said the U.S. automaker while adding, it…
On Wednesday, in a statement T-Mobile US Inc said, following an investigation into a cyberattack on its systems it has found that personal data of around 7.8 million of its current postpaid customers have been compromised. T-Mobile US was made aware of the attack late last week following a claim in an online forum that personal…
On Wednesday, Chinese tech giant Baidu said, it has started mass-producing its second-generation Kunlun artificial intelligence (AI) chips, as it races to become a major player in the chip industry with Beijing’s backing. In a statement Baidu said, the second-generation Kunlun AI chips, using 7 nm process technology, produced computational speeds of two-to-three times faster…
In a statement U.S. drugs regulator and a federal agency said, a cybersecurity vulnerability in a software designed by BlackBerry Ltd could put medical equipment and cars at heightened risks and expose highly sensitive systems to attackers. This warning comes in the wake of BlackBerry disclosing that its QNX Real Time Operating System (QNX RTOS) has…
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