Category: Automotive

Tesla’s used car business is ‘as big as publicly traded used car retailers’

Tesla claims its used car business is “as big as some publicly traded used car retailers,” and it is expanding fast. Many factors separate Tesla’s business from other automakers, and its direct-sale model is one of the biggest – and probably the one that other automakers are most jealous of. Tesla operates all of its… Continue reading Tesla’s used car business is ‘as big as publicly traded used car retailers’

Crypto exchange FTX to acquire bankrupt Voyager’s assetsVoyager issued a notice of default to the Singapore-based hedge fund in June.

Bankrupt crypto lender Voyager Digital said on Monday that crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion. FTX’s bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is estimated to be $1.31 billion at current market prices and an… Continue reading Crypto exchange FTX to acquire bankrupt Voyager’s assetsVoyager issued a notice of default to the Singapore-based hedge fund in June.

Grab expects to break even on adjusted EBIDTA by H2 2024

Southeast Asian super app Grab is expecting to reach breakeven at the group level by the second half of 2024, its executives said during the company’s investors conference on Tuesday. Grab’s chief finance officer Peter Oey said that the breakeven for the company’s entire delivery business would be reached by Q2 2023. Grab also expects… Continue reading Grab expects to break even on adjusted EBIDTA by H2 2024

Data Vantage: LINE MAN Wongnai, Glife, Mangkokku and others receive capital

Thai food delivery startup LINE MAN Wongnai on Monday announced raising $265 million in a Series B funding round co-led by Singapore sovereign wealth fund GIC and Japan’s LINE Corporation. The financing pushed its valuation beyond the vaunted $1 billion mark, making it Thailand’s latest unicorn. The round was backed by PTT Oil and Retail… Continue reading Data Vantage: LINE MAN Wongnai, Glife, Mangkokku and others receive capital

Scientists Sent a Robot Into the Ferocious Hurricane Fiona

Now that’s something you don’t see everyday. Eye of the Storm Hey kids, wanna see the inside of a hurricane? Now you can, thanks to a startup called Saildrone and the US National Oceanic and Atmospheric Administration (NOAA), which last week launched their storm robots directly into Hurricane Fiona, a ferocious storm whose damage continues… Continue reading Scientists Sent a Robot Into the Ferocious Hurricane Fiona

AI Dreams Up What Your Fave Dead Celebs Would Look Like Today

These are some of the most stunning “aged-up” portraits we’ve ever seen. Not Forgotten We’ve all wondered what it would be like if our favorite gone-too-soon celebrities were still alive. Now, one artist put artificial intelligence to work to make that daydream a reality. In an interview with the My Modern Met art blog, Turkish generative… Continue reading AI Dreams Up What Your Fave Dead Celebs Would Look Like Today

Best Wireless Earbuds Under $50 in 2022

Advancements in technology have made it possible to design wireless earbuds that last several days without a charge while shrinking their size down to the point where they’re barely noticeable. You’d expect these features would only be available on the most cutting-edge earbuds, but that’s no longer true.  You can be completely satisfied with a… Continue reading Best Wireless Earbuds Under $50 in 2022

James Earl Jones Now Letting Darth Vader Be Voiced by AI

Luke, AI am your father. Altering the Deal Although James Earl Jones has stepped away from his most iconic role, the legendary “Star Wars” actor’s incredible baritone lives on, thanks to a Ukrainian artificial intelligence startup. First reported by Vanity Fair, the 91-year-old actor worked with the Ukrainian firm Respeecher to recreate Vader’s instantly recognizable voice… Continue reading James Earl Jones Now Letting Darth Vader Be Voiced by AI