In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
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, SoftBank-backed used-car platform Kavak has become Mexico’s first ever tech “unicorn”. The startup was valued at $1.15 billion in its latest funding round last month, said its CEO Carlos Garcia. Since its founding in 2016, Mexico City-based Kavak has raised more than $400 million in total funding with SoftBank, Greenoaks Capital…
In a statement, Volkswagen’s Chief Executive Herbert Diess made it clear that it has currently no plans to develop deeper ties with U.S. rival Tesla Inc. The move is aimed at ending speculation that the world’s largest carmaker, which is on a drive to push for mass production of electric cars, has plans to tie-up…
According to the results of a survey released on Tuesday, companies across the glove are moving their operations online so as to cut expenses related to office space and make recruiting and retaining staff part of their top priorities. The survey by accounting firm KPMG showed, 80% of business leaders had accelerated their digital expansion…
In a statement, Twitter Inc said, it was testing a new type of tweet in Brazil, which disappears after 24 hours, a feature that is similar to the stories feature that appears on Snapchat Facebook’s Instagram. Called ‘fleets’, Twitter’s vanishing messages can be viewed by tapping on a user’s profile picture. They however do not…
During an interview with German magazine Wirtschaftswoche, Ryanair’s chief executive Michael O’Leary disclosed, the Irish budget airliner is prepared for further delays in the delivery of Boeing 737 MAX. He also mentioned that, compensation will be discussed only after the aircraft have been delivered. Boeing’s 737 MAX has been grounded since March 2019 following two…
The U.S. Securities and Exchange Commission has charged the chief executive of Shopin with defrauding investors to the tune of $42.5 million through initial coin offering, by lying to investors that the startup had close ties to major retailers and a Silicon Valley entrepreneur. Eran Eyal, 44, a dual citizen of South Africa and Israel…
In a statement, Tesla Inc’s Chief Executive Elon Musk said the carmaker has so far received around 150,000 orders for its Cybertruck. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, said Musk in a tweet. He went on to add, these orders came through without any advertising or…
Amazon is being pressured into being more transparent with its system of awarding the “Amazon’s Choice” badge onto certain products. In a development pregnant with multiple outcomes the sum of which may not favor Amazon.com Inc, two U.S. senators have questioned Amazon.com Inc’s Chief Executive Jeff Bezos on how it awards the “Amazon’s Choice” badge…
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