U.S. Federal Reserve looking at potentially issuing its own digital currency

In a statement, Governor Lael Brainard of the U.S. Federal Reserve stated, the central bank is looking at a broad range of issues surrounding digital currencies and payments, including design, policy and legal considerations around potentially issuing its own digital currency. The development underscores an openness in the possibility of the Federal Reserve issuing its…

IBM’s new battery design reduces cobalt requirements, uses minerals from seawater instead

In a significant breakthrough, International Business Machines Corp stated, it has created a battery design that uses materials extracted from seawater and which does not use cobalt, an expensive mineral. IBM stated, it has partnered with the research wing of Daimler AG’s Mercedes-Benz, and battery manufacturer Sidus, for the commercial development of the new design.…

China kickstart research into 6G technologies

In February 2019, Trump had urged U.S. companies to increase their research spending on 6G or be left behind. In a news bulletin that was published by China’s Ministry of Science and Technology, China officially announced that it has started researching sixth-generation telecoms technology. Officials from government ministries and research institutes met this week to…

Samsung Display to invest $11 billion on facilities and R&D by 2025

Of the 13.1 trillion won, Samsung Display aims to spend 10 trillion won on facilities and the balance on research and development. On Thursday, South Korea’s presidential office issued a statement saying, Samsung Display plans on investing $11.0 billion (13.1 trillion won) on facilities and research by 2025. Samsung Display is a unit of Samsung…

U.S. postal service to use self-driving trucks in a landmark pilot project

The implications of this pilot project has manifold benefits. It will not only lower operating costs but also improve delivery time and significantly reduce the problem of driver shortages. On Tuesday, in a development that marks a significant milestone in efforts to commercialize autonomous vehicle technology for hauling freight, the U.S. Postal Service stated, it…

Toyota establish green technologies research center with China’s Tsinghua University

The move is likely to help China in its goal to expand its tech capability, manufacturing and distribution channels and better compete in the world stage. Toyota Motor Corp stated, it is in the midst of setting up a research institute in Beijing in partnership with Tsinghua University. The partnership will study uses of car…