According to sources with knowledge of the matter at hand, Revolut, a digital banking app plans on applying for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks. Although Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout…
According to a report from the Telegraph, U.S. electric carmaker Tesla Inc has applied for a license to supply electricity in the United Kingdom. The report citing a company source states, the purpose of the license could be to introduce the company’s Autobidder platform. Tesla’s application did not shed light on why it applied for…
On Wednesday, China’s central bank stated an application by a unit of American Express Co (AmEx) had been accepted. The status of the application was revealed in an official social media post from the People’s Bank of China (PBOC). The post did not elaborate on when AmEx can start operations in the country. In November…
Chinese President Xi Jinping has placed blockchain technology as a foundational layer for future development of platforms. On Monday, a Chinese central bank official stated, commercial banks will have to step up their application of blockchain technology in order to deepen their commitments towards digital finance. The comments were made by Li Wei, head of…
The development revolves around a highly invasive technology called Mobile Device Management. On Thursday, antitrust authorities in Russia disclosed, they have begun investigating Apple Inc following a complaint from cybersecurity firm Kaspersky Lab that Cupertino may be abusing its dominant market position. Russia’s FAS stated it was investigating why a new version of Kaspersky Lab’s…
The lawsuit is in the same line as those it filed against Facebook and Snap last year. BlackBerry Ltd has filed a patent infringement lawsuit against Twitter alleging that it illegally used technology that it developed on its mobile messaging applications. The lawsuit states, Twitter wrongly sought to compensate for being a “relative latecomer” to…
By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…
The new battery tech is not only eco-friendly, it is more cost effective and offers superior performance too. Even at 94, John B. Goodenough, a professor at the University of Texas, isn’t done with changing the landscape of today’s battery technology. The Austin-based professor who has widely been credited for the invention of lithium-ion batteries…
While the material is important, structure it turns out is key. Although there have been many reports stating how graphene is essentially gone to save the world with its innumerous powers and applications, in the real world, instances of the demonstration of such abilities have been far and wide. It is in this scenario that…
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