Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China. A key focus for Farizon’s expansion will be Europe, where the automaker plans to […]
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A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022. Moreover, as much as half of the overall motorbike market in Southeast Asia could be replaced by electric two-wheelers by 2030, McKinsey associate partner Rahul Gupta said at the G20 summit last […]
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Having worked in the food industry for several years, Shirley Chen saw firsthand the challenges of managing staffing and training for restaurant expansion. So when she met her future co-founders, she saw an opportunity to leverage their expertise in chemistry and electrical and electronic engineering, along with her own food and beverage background, to start […]
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Tesla CEO Elon Musk confirmed Wednesday that the automaker is “in discussion with major OEMs about using Tesla FSD.” Tesla Full Self-Driving is the automaker’s beta advanced driving assistance system (ADAS) that can automate driving tasks on highways and urban streets. If other automakers were to adopt FSD technology, they would need to onboard both […]
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ForwardX this week announced an additional $30 million in funding, bringing the Beijing-based firm’s Series C up to $61 million. The funding follows an initial tranche announced way back in December 2021. It brings the warehouse robotics firm’s total funding up to $140 million since its 2016 launch. The last few years have been a […]
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WhatsApp has finally launched its standalone app for smartwatches running Google’s Wear OS, after much anticipation and months-long beta testing. Meta CEO Mark Zuckerberg on Wednesday announced the launch of the WhatsApp app for Wear OS that will allow users to start new conversations, reply to messages, and take VoIP calls without requiring them to […]
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Large language models (LLMs) such as OpenAI’s GPT-4 are the building blocks for an increasing number of AI applications. But some enterprises have been reluctant to adopt them, owing to their inability to access first-party and proprietary data. It’s not an easy problem to solve, necessarily — considering that sort of data tends to sit […]
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Egnyte is like the little engine that could. It just keeps chugging along with slow but steady growth as it marches towards an IPO.
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Next week, Beats will have debuted its first product 15 years ago. The headphone maker quickly established itself as a status symbol, on the strength of partnerships with musicians and sports influencers. It was a rare feat in the world of consumer electronics, where cool factor largely takes a back seat to functionality. For Beats, […]
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Microsoft and Activision have jointly agreed to extend the deadline to complete their mega merger for a further three months in order, they say, to allow time to resolve “remaining regulatory concerns”. The original deadline for Microsoft to close the $68.7BN acquisition of Activision it announced back in January 2022 was July 18 (yesterday). But the […]
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Over a year following the inaugural season of the Indian edition of Shark Tank, the seven esteemed investors made good on less than half of their investment pledges, according to a new analysis, the latest in a series of criticisms for the show. The “sharks” overall invested in only 27 of the 65 investment pledges […]
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A former administrator of the National Highway Traffic Safety Administration (NHTSA) has responded to a full-page ad taken out in several major newspapers by Cruise, General Motors’ self-driving subsidiary, that calls humans terrible drivers. The ad points to the nearly 43,000 crash fatalities in 2022 and promotes autonomous vehicles as the solution. “Using the pain […]
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Forerunner Ventures made its name in the venture world by betting on once-nascent startups like Jet, Bonobos and Glossier when it was far easier to build a digitally native brand than today. But as commerce has evolved, so has the firm. As part of that evolution, Forerunner five years ago brought aboard veteran VC Brian […]
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Basecamp, one of the widely used project management tools first released in 2004, is now available to users in India with special reduced pricing that is as low as about $4 a month. On Tuesday, 37signals co-founder and CEO Jason Fried announced the reduced pricing of Basecamp for new customers in India. The tool is […]
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