Category: Automotive

Betty, a Real Money Entertainment Startup, Raises $5 Million Seed Round

NEW YORK, Feb. 14, 2023 /PRNewswire/ — Betty, an entertainment company innovating at the intersection of real money online casino (iCasino) and casual mobile gaming, announced today that it has raised a $5M seed round led by Karlani Capital. Also participating in the round are CEAS Investments, Courtside Ventures, Gaingels, OCA Ventures, Subversive Capital, and… Continue reading Betty, a Real Money Entertainment Startup, Raises $5 Million Seed Round

T-Mobile outage affected thousands of users across the US

Over 80,000 subscribers had intermittent issues with its voice, text and data services. T-Mobile suffered network outages on Monday night, leading to intermittent issues with its voice, text and data services, according to Reuters. Based on reports submitted to Downdetector, over 80,000 subscribers in several areas in the US were experiencing problems by around 10:14PM… Continue reading T-Mobile outage affected thousands of users across the US

New FLO Ultra DC fast charger features two 320 kW charging ports and a motorized cable management system

Charging network operator and charger provider FLO has introduced the FLO Ultra, a new DC fast charger taht features two charging ports in one rugged aluminum enclosure. It provides up to 320 kW of power using dynamic power sharing. The new charger can be configured in a variety of ways, allowing for flexible parking options… Continue reading New FLO Ultra DC fast charger features two 320 kW charging ports and a motorized cable management system

Chinese chip designer Unisoc looks to raise $1.5b private funding at $10.3b valuationUnisoc has approached several state-backed investment funds.

Chinese chip design company Unisoc (Shanghai) Technologies Co is seeking to raise 10 billion yuan ($1.5 billion) in a new funding round that will value the firm at about 70 billion yuan ($10.3 billion), three people with knowledge of the deal told Reuters. Unisoc has approached several state-backed investment funds for the round, tapping increased… Continue reading Chinese chip designer Unisoc looks to raise $1.5b private funding at $10.3b valuationUnisoc has approached several state-backed investment funds.

India: Nykaa’s stock falls after higher costs sink Q3 profit by 70%

Shares of India’s FSN E-Commerce Ventures Ltd, the parent of cosmetics-to-fashion retailer Nykaa, fell as much as 5.4% on Tuesday after higher costs sunk the company’s third-quarter consolidated net profit by more than 70%. Its stock fell the most in nearly a month, before easing to trade down about 3.9% at 144.35 rupees as of… Continue reading India: Nykaa’s stock falls after higher costs sink Q3 profit by 70%

Toshiba cuts full-year earnings estimate after Q3 operating profit slides 87.5%

Japan’s Toshiba Corp. on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time. It also said Chief Operating Officer Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when he was an executive at Toshiba Energy Systems and Solutions Corp. Toshiba… Continue reading Toshiba cuts full-year earnings estimate after Q3 operating profit slides 87.5%

Singapore’s GIC scales back commitments to China-focused PE-VC funds: report

Singapore’s sovereign wealth fund GIC has scaled back commitments to China-focused private equity and venture capital funds over the past year, the Financial Times newspaper reported on Tuesday, citing people familiar with the matter. GIC, one of the world’s largest investors in private equity funds, has reduced private investments in China as it steps up… Continue reading Singapore’s GIC scales back commitments to China-focused PE-VC funds: report