French battery maker Verkor secured more than €2 billion (around $2.1 billion) to build its Dunkirk gigafactory, which is set to be operational by 2025.
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Saturday, September 16, 2023
Deal Dive: Elder tech is expanding beyond reactive solutions
Bold creates personalized exercise programs for seniors to reduce injury. It's one of the latest companies expanding the eldertech sector.
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Former WarnerMedia CEO Jason Kilar joins Roblox’s board
http://dlvr.it/Sw9wVl
Friday, September 15, 2023
Koo, India’s Twitter alternative, seeks strategic partner amid funding crunch
Koo, India’s alternative to Twitter, is looking to find a partner with a “distribution strength” as it enters its “next phase,” its co-founder said, amid a funding crunch at the startup, which is backed by Accel and Tiger Global. Koo co-founder Mayank Bidawatka wrote in a LinkedIn post that the startup — which has raised […]
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X launches account verification based on government ID
X, formerly Twitter, has launched government ID-based account verification for paid users to prevent impersonation and give them benefits such as “prioritized support.” The social network has partnered with Israel-based Au10tix for identity verification solutions. The pop-up for ID verification indicates that the Au10tix could store this data for up to 30 days. X’s support […]
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Oracle brings its database infrastructure to Microsoft Azure
http://dlvr.it/Sw7KGH
Thursday, September 14, 2023
Meta says not planning ads on WhatsApp
Meta on Friday disputed a media report that said the social giant was exploring bringing ads on the popular messaging app WhatsApp. This @FT story is false. We aren't doing this. Also it looks like you misspelled Brian's name… https://t.co/Z47z9FC5yu — Will Cathcart (@wcathcart) September 15, 2023
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Revel, the car subscription startup from Spain, raises $123M to take its business up a gear
The market for car sales has been on rocky ground in the last several years as consumers, facing tougher economic conditions, get presented with an ever-larger range of alternatives, from ride-hailing apps and multimodal alternatives through to new propositions for private car use. Today, a startup out of Spain called Revel is announcing €115 million […]
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Autoworkers strike begins at Ford, GM, Stellantis plants
The United Autoworkers Union (UAW) will go through with threats to strike against the Big Three automakers — Ford, General Motors and Stellantis — after both sides failed to reach a deal. This is the first time in history that all three automakers have been hit by strikes at once. The automakers and the UAW […]
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California’s right to repair bill heads to Governor’s desk
California state Assembly has voted in favor of a right to repair legislation that increases consumer ability to fix devices at home. After winding its way through state legislature, the bill is headed to Governor Gavin Newsom’s desk. Senate Bill 244 isn’t the first right to repair bill passed by a U.S. state – nor […]
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Bose upgrades its QuietComfort line
Seeing as how 700 is the largest number known to humankind, Bose has shifted into Ultra mode for its top of the line QuietComfort wireless headphones. The QuietComfort 700s were received (as high-end Bose headphones tend to be), but it’s been four years since they hit the market, making them roughly 250 in consumer electronics […]
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GM boosts wage offer as autoworker strike deadline approaches
General Motors said Thursday it boosted its contract offer to a 20% wage hike for U.S. autoworkers, including 10% in the first year, in a move to avoid a strike that is scheduled to begin at 11:59 p.m. if no deal is agreed on. The strike by the United Auto Workers union, which represents about […]
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Rivian CEO’s plan to make EVs cheaper starts with their computers
Rivian CEO RJ Scaringe provided more details Thursday on the company’s plans to update the hardware in its EVs next year — under a program internally called Peregrine — that he says will result in major cost savings. One of the biggest payoffs? Changing the electronic control unit (ECU) architecture inside its EVs, Scaringe emphasized […]
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OpenAI to open its first EU office as it readies for regulatory hurdles
OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds. The ChatGPT-maker says that it plans to open its third office, after San Francisco and London which it announced in June, in Ireland, which has emerged as almost a second […]
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Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution
Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business connects vehicle owners (individuals and […]
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