It’s Friday and the world is falling apart, so let’s just take a short mental health break with some interesting news out of the field of archaeology, where tech is enabling some fascinating new discoveries. A new lidar-powered analysis of land in the Amazon basin has provided evidence of a previously unknown urban center of… Continue reading Lidar exposes the remnants of an overgrown ancient civilization in the Amazon
Author: Tech Crunch Online News
Diesel is a horrible thing for an economy to depend on
Want to bring inflation to heel? There’s no single, simple fix, of course, or we would have done it already. But a good place to start would be weaning the economy off gasoline and diesel. Prices for fossil fuels are through the roof. Gas prices are up over 75% since last year, and diesel is… Continue reading Diesel is a horrible thing for an economy to depend on
Tesla won’t set up manufacturing plant in India until allowed to first sell and service cars, Elon Musk says
Tesla won’t set up a manufacturing plant in India until it is first allowed to sell and service cars in the South Asian nation, the carmaker’s chief executive Elon Musk said Friday, more than a year after an Indian state said that the electric carmaker was planning to open a plant in the southern part… Continue reading Tesla won’t set up manufacturing plant in India until allowed to first sell and service cars, Elon Musk says
Rivian hires a new COO amid other leadership and organizational shifts
Rivian has hired a new chief operating officer to lead the restructuring and alignment of its operations, the automaker said Thursday. Frank Klein will join the company on June 1 as Rivian’s new COO to oversee the automaker’s production, manufacturing engineering and supply chain. The automaker also said its head of manufacturing, Charly Mwangi, is… Continue reading Rivian hires a new COO amid other leadership and organizational shifts
Luminar hires execs from Apple, Nvidia and Tesla
Luminar, the U.S. lidar company, is the latest to poach executives from Apple, Nvidia and Tesla in the continuing talent war in automated driving and autonomous vehicle technology. Christopher “CJ” Moore, director of autonomous systems at Apple and former director of Tesla’s Autopilot software, has joined Luminar as VP of software. Taner Ozcelik, founder of… Continue reading Luminar hires execs from Apple, Nvidia and Tesla
Perhaps faster delivery times were a poor choice from a unit-economics perspective
In every startup cycle, there are attempts to get consumers goods faster than ever before, the hope being that technology has improved to the point that such deliveries are financially possible. Infamous dot-com-era flameouts are now ancient history, but they do indicate just how long founders and their backing investors have been working on the… Continue reading Perhaps faster delivery times were a poor choice from a unit-economics perspective
Lucid recalls all of its 2022 Air EVs due to wiring issues
Despite already struggling to meet production targets, luxury EV maker Lucid has now issued a recall for the Air due to potential issues stemming from the car’s wiring harness. In a recent notice posted on the NHTSA website spotted by Lucid Insiders, a summary for the recall says unsecured wires on 2022 Air vehicles could… Continue reading Lucid recalls all of its 2022 Air EVs due to wiring issues
Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth
Affordability is one of the biggest impediments for insurance penetration in Kenya. Often, policy holders are required to make one-off payments for long-term covers, and the quoted sums are usually beyond the reach of most people. It is this gap that Kenyan insurtech MotiSure is working to seal. The startup, which targets motorcycle taxi (boda… Continue reading Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth
Finn raises $110M to expand car subscription platform in U.S., Germany
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. and Europe and reach 30,000 subscriptions by the end of the year, according to the company. The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional… Continue reading Finn raises $110M to expand car subscription platform in U.S., Germany
Pony.ai loses permit to test autonomous vehicles with driver in California
The California Department of Motor Vehicles revoked Pony.ai’s permit to test its autonomous vehicle technology with a driver on Tuesday for failing to monitor the driving records of the safety drivers on its testing permit. “While reviewing Pony.ai’s application to renew the testing permit, the DMV found numerous violations on the driving records of active… Continue reading Pony.ai loses permit to test autonomous vehicles with driver in California