Long white metal tubes sitting at the base of mountains in the desert just north of Las Vegas promise to one day revolutionize the mass transportation market. Virgin Hyperloop is one of the players in this industry. Richard Branson’s Virgin Group is developing the technology which will see passenger pods hurtling at speeds of up…
In a statement SpaceX’s founder Elon Musk said, the company has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems at meeting that demand. The “only limitation is high density of users in urban areas,” tweeted Musk in response to a post from a CNBC reporter that said the…
In a significant development, a strategic plan by the German government sees offshoots in new green financing norms aimed at steering capital towards environmental projects and developing Germany into a leading hub for sustainable finance. The Sustainable Finance Strategy which plans on listing 26 individual measures is scheduled to be adopted by the cabinet on…
On Tuesday, in a joint statement British electric van and bus maker Arrival stated, they will collaborate to develop an electric car for Uber Technologies Inc, which will go into production in late 2023. Uber and Arrival will also explore a strategic partnership in key markets, including the United States, EU and the United Kingdom/…
In a statement Apple Inc said, it has hired Samy Bengio, a former distinguished Google scientist who left the search engine giant following a turmoil in its artificial intelligence research department. Bengio is now set to lead a new AI research unit at Apple under John Giannandrea, senior vice president of machine learning and AI strategy,…
In a statement the chairman of Taiwan Semiconductor Manufacturing Co Ltd (TSMC) told U.S. broadcaster CBS that it expects to catch up with the “minimum requirement” for auto chips by customers by the end of June. Automakers are hard-pressed for auto chips and have shut assembly lines due to their shortage. Taiwan, home to a booming…
On Monday, cryptocurrency Ethereum hit a record high of $3,017 extending last week’s rally which came in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network. The price of Ether rose by 2% on the Bitstamp exchange to hit this milestone. It…
Companies in the so called gig economy including Uber, Lyft, Doordash and Instacart are trying to retain the status of their drivers as contractors – with some additional benefits as compensation, given the realization that the new administration in the United States under Joe Biden are insisting on reclassification of the workers in the ride-hail…
The electric car makers of China are getting ready to expand into Europe following the growth in the largest auto market of the world last year. In the last few years, restrictions on full foreign ownership of local automobile production have been reduced significantly by Chinese authorities. However the government had also started preparing development…
On Tuesday, in a significant development Southeast Asia’s biggest ride hailing and food delivery startup Grab Holdings Inc confirmed a merger with Altimeter Capital-backed publicly-listed shell company backed, marking the biggest ever deal with a blank check firm.
