When Intel introduced the Arc branding last year for its high-performance consumer graphics products, it demonstrated what the line’s GPUs can do using video games. The company’s latest Arc GPUs, however, aren’t for gaming at all: They were designed for desktop and mobile workstations running apps like Adobe Premiere Pro, Handbrake and DaVinci Resolve Studio.… Continue reading Intel introduces Arc Pro GPUs for workstations
Category: Automotive
Snapchat Family Center shows parents their children’s friends list
Snapchat has launched a parental control portal that allows parents to keep an eye on who their young teenagers have been chatting with. The new in-app feature called Family Center shows parents their kids’ friends list, as well as who they’ve messaged in the last seven days. Take note that parents can only see who… Continue reading Snapchat Family Center shows parents their children’s friends list
Fleet Sales Down Past Month, but Rise YOY
Among manufacturers, Stellantis had the most significant increase over last year, followed by GM, while Hyundai and Kia had the largest declines. Source: Cox Automotive Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 15.3% month over month in July to 127,384 units, according to an early estimate from Cox Automotive… Continue reading Fleet Sales Down Past Month, but Rise YOY
Carwiz Adds Five U.S. Affiliate Locations
The new affiliate location in Seattle will include an all-electric fleet of vehicles. Image: Carwiz Carwiz announced in a statement it is opening five new affiliate locations at the Los Angeles International Airport, Phoenix Sky Harbor International Airport, Seattle-Tacoma International Airport, and in the cities of Miami and Brooklyn. With the opening of these new locations, Carwiz… Continue reading Carwiz Adds Five U.S. Affiliate Locations
Wholesale Used-Vehicle Prices Decrease Slightly in July
Vans had the largest increase at 22.9%, followed by compact, midsize, and sports cars which all had seasonally adjusted year-over-year gains ahead of the overall industry. Source: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 0.1% in July from June, according to the Manheim Used Vehicle Value Index released… Continue reading Wholesale Used-Vehicle Prices Decrease Slightly in July
Indonesian logistics startup Paxel raises $23m in Series C funding led by AstraThe other investors include CCV, MDI Ventures, SIG, Endeavour Catalyst,…
Indonesian logistics startup Paxel announced it has received $23 million in Series C funding, led by PT Astra Digital Internasional, the venture builder arm of local conglomerate Astra. Other investors include Central Capital Ventura (CCV), MDI Ventures, SIG, Endeavour Catalyst, FJ Labs and PT Amsaka Investama Sejahtera. The announcement confirmed DealStreetAsia’s earlier report based on… Continue reading Indonesian logistics startup Paxel raises $23m in Series C funding led by AstraThe other investors include CCV, MDI Ventures, SIG, Endeavour Catalyst,…
Snapchat reported to be in early stages of planning layoffsCEO Evan Spiegel had told employees in May that the company will slow hiring for this year.
Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans. The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees. Snap declined to comment when contacted by Reuters.… Continue reading Snapchat reported to be in early stages of planning layoffsCEO Evan Spiegel had told employees in May that the company will slow hiring for this year.
China said to be conducting audit of $3 trillion trust industry: report
China’s top auditor is conducting a review of the $3 trillion trust industry, Bloomberg News reported on Tuesday, citing people familiar with the matter. China’s trust industry has been a key part of the country’s shadow banking business, which helps channel deposits into risky investments via products often designed to dodge capital or investment regulations.… Continue reading China said to be conducting audit of $3 trillion trust industry: report
Australia’s central bank launches one-year digital currency project
Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might bring. The Reserve Bank of Australia (RBA) is partnering with the Digital Finance Cooperative Research Centre (DFCRC), a government-backed industry group, in the program. The project will seek to identify innovative use cases and business models… Continue reading Australia’s central bank launches one-year digital currency project
SoftBank plans to sell stake in digital finance firm SoFi
Japanese conglomerate SoftBank Group Corp plans to sell its stake in digital personal finance company SoFi Technologies Inc, according to a filing late on Monday. SoFi shares fell 3% in extended trading. On Monday, SoftBank sold 6.7 million shares in SoFi at a weighted average price of $8.17 per share, three days after it sold 5.4 million shares at a price of $7.99. SoftBank also posted a record $23.1 billion loss… Continue reading SoftBank plans to sell stake in digital finance firm SoFi