EV startup Faraday Future plans to go public through SPAC merger

In a statement electric vehicle startup Faraday Future’s Chief Executive Carsten Breitfeld said, it is aiming to go public through a reverse merger with a special-purchase acquisition company (SPAC). “We are working on such a deal … and will be able to announce something hopefully quite soon,” said Carsten Breitfeld of the potential SPAC deal.…

Tesla launches fast charging infrastructure in Berlin

In a development that marks the setting up of infrastructure for electric vehicles, managers at Tesla demonstrated a new supercharger in a research campus at Berlin saying, they were looking to target more cities to install electric vehicle charging infrastructure to increase the traction of EVs for potential buyers. “Now, as part of our commitment…

IBM Corp and Apple Inc call for heightened oversight on the usage of personal data

The misuse of Facebook data by consultancy firm Cambridge Analytica affected more than 50 million users. With Facebook Inc’s data being misused by consultancy firm Cambridge Analytica, affecting more than 50 million users, executives from IBM and Apple Inc have called for more oversight on how personal data is being used. Speaking at the 3-day…