Tesla has disclosed that CEO Elon Musk sold around $6.5 billion worth of Tesla (TSLA) shares last week. It’s a significant chunk of his Tesla stake, but the reason behind the sale is unknown as of now. A Twitter settlement maybe? Update: Musk has commented on the sale, and we have added those comments to… Continue reading Elon Musk sells massive $6.5 billion chunk of Tesla (TSLA) stake
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How two Silicon Valley entrepreneurs’ plan to build a VR startup in China implodedThe business racked up losses and struggled to comply with regulator…
In late 2014, Silicon Valley-based entrepreneurs Sun Jing and Xu Bing welcomed a government delegation from East China’s Zhejiang province that was visiting the US tech hub to look for overseas talent. Xu had moved to the US to study and built up his career in the tech industry, and Sun had been engaged in… Continue reading How two Silicon Valley entrepreneurs’ plan to build a VR startup in China implodedThe business racked up losses and struggled to comply with regulator…
Dreaded ‘down rounds’ shave billions off startup valuations
Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lacklustre demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations. Easy money from venture capital dealmaking is fast evaporating in an inflation-induced high interest-rate environment as many private investors… Continue reading Dreaded ‘down rounds’ shave billions off startup valuations
South Korea to probe app store operators over suspected in-app payment violations
South Korea‘s telecommunications regulator said on Tuesday it plans to launch an investigation into app store operators such as Apple Inc, Alphabet’s Google and One Store over suspected violations of in-app payment law. Potential fines for infractions could be as high as 2% of the average annual revenue from related business practices, the law says. The… Continue reading South Korea to probe app store operators over suspected in-app payment violations
Beijing consumer rights group summons grocery firm Missfresh over complaints
A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business after receiving a number of complaints, adding to pressures facing the Tencent Holdings and Tiger Global-backed grocery startup. The government-backed Beijing Consumer Association said in a statement on its website on Tuesday that… Continue reading Beijing consumer rights group summons grocery firm Missfresh over complaints
Rangers Keep Discovering Human Remains in Drying Up Lake
They just uncovered the fourth set of remains since May. Number Four It happened again. On Saturday, park rangers came across yet another set of human remains in Lake Mead’s shrinking waters, NPR reports. The investigation is still ongoing, and no cause of death has been released. This is the fourth grisly discovery of the… Continue reading Rangers Keep Discovering Human Remains in Drying Up Lake
Iran Just Made a $10 Million Import Order Using Crypto
It’s likely an attempt to evade sanctions. Evasion Iran has purchased $10 million worth of imported goods using cryptocurrency — a move that could allow the country to evade US sanctions. So far, not much is known about the crypto order first announced by the country’s Tasnim news agency. For one, we still don’t know… Continue reading Iran Just Made a $10 Million Import Order Using Crypto
Analysis: No, AI Isn’t Sentient, You Absolute Morons
BIG WAVES WERE MADE earlier this year when a former Google engineer, Blake Lemoine, told a reporter at the Washington Post that a Google language-modeling AI — a chatbot called LaMDA — was sentient. Google refuted the claims, ultimately firing Lemoine, but not before the engineer’s testimony sent the question of AI sentience and the ethics… Continue reading Analysis: No, AI Isn’t Sentient, You Absolute Morons
Best Headphone Stands in 2022
Tucked into the back corner beside your monitor, or suspended under the lip of your desk, headphone stands help you manage space and create a comfortable work environment. Some headphone stands are freestanding objects that capitalize on aesthetics and serve one single purpose. Others offer your headphones a proverbial gilded throne while concurrently serving as… Continue reading Best Headphone Stands in 2022
Hotel and Hospitality Management Software Market to record USD 994.71 Mn growth — APAC to occupy 37% market share
Key points covered in the hospital and hospitality market study: Market estimates and forecast 2022-2026 Key drivers, trends, and challenges impacting market growth Segment-wise, region-wise, and country-wide analysis Analysis of market share by vendors Key product launches and regulatory climate Post-COVID-19 impact on the market landscape. The hospital and hospitality market is fragmented due to… Continue reading Hotel and Hospitality Management Software Market to record USD 994.71 Mn growth — APAC to occupy 37% market share