In a significant development General Motors Co presented a futuristic self-driving vehicle flying Cadillac which can take off and land vertically carrying passenger above streets through the air. A senior GM executive described the concept as “reimagining the future of personal transportation”. The single-passenger Cadillac, which essentially is a vertical take-off and landing (VTOL) drone,…
In a statement PayPal Holdings Inc said it has blocked GiveSendGo, a Christian crowdfunding site which helped raise funds for people who attended last week’s event in Washington after supporters of U.S. President Donald Trump, visited en mass at the Capitol. PayPal confirmed that it has closed an account held by Ali Alexander, one of…
In a statement Swedish telecoms operator Tele2 said, it will partner with Nokia for the deployment of its core 5G network in Sweden and in the Baltics. The new core infrastructure will support both 4G and 5G connectivity, thus allowing higher speeds with lower latencies in the network. “We are proud to be expanding on…
Microsoft founder and the third richest person in the world Bill Gates has entered a bidding war worth £3bn to purchase the largest private jet operator of the world even as gates also prepared to publish a new book titled ‘How to Avoid a Climate Disaster’. Much of the $134bn personal wealth of Gates is…
According to a report from South Korean media house IT News, Hyundai Motor and Apple Inc will be signing a partnership deal in the coming weeks on autonomous electric cars. A deal could be on the cards to start their production in the United States sometime in 2024. Earlier last week, another report had said,…
Electric car maker tesla’s co-founder and CEO Elon Musk surged ahead Amazon founder and CEO Jeff Bezos to become the wealthiest person in the world according to calculations done by Bloomberg. Just a 6 per cent rise in the stock price of Tesla on Thursday propped up the personal wealth of Musk by a huge…
With people in the United Kingdom being forced to celebrate at home during the festive season because of the restrictions imposed to prevent the spread of the second wave of the Covid-19, the British supermarket group Sainsbury’s beat its own expectations for trading, prompting the company to raise its profit outlook. In the company’s fiscal…
According to two sources familiar with the matter at hand, the U.S. Administration is weighing options to add Tencent and Alibaba to a trade blacklist on the grounds that it is either owned or controlled by the Chinese military. Officials from the Department of Defense who oversee the designations have yet to finalize plans to…
With supporters of U.S. President Donald Trump moving into Capitol grounds, tech companies, including Snap Inc, Twitter Inc and Facebook Inc locked their respective accounts of the U.S. President following allegations of China-backed rigging of the 2020 U.S. Presidential elections. Twitter hid and mandated the removal of three of Trump’s tweets “as a result of…
On Wednesday, in a statement self-driving software startup Oxbotica stated, it had raised $47 million in its latest funding round led by the venture capital arm of BP, Halma Plc, a health and safety device maker, and Tencent. Oxbotica, an Oxford University spinoff, develops autonomous systems that could be used in a range of vehicles…
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