Spirit AeroSystems, the Wichita-based aerospace manufacturer that manufactured the door plug that blew out on the Alaska Airlines flight, declined to comment on the incident. However, in a statement published on its website, Spirit says its “primary focus is the quality and product integrity of the aircraft structures we deliver.” The company’s parts have caused… Continue reading The Real Problem With the Boeing 737 Max
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Mandiri Capital Indonesia steps up focus on tapping external LPs for multiple fundsMCI manages several funds including a climate tech fund with Invest…
Mandiri Capital Indonesia (MCI), the corporate venture capital subsidiary of state lender Bank Mandiri, is stepping up its focus on raising external capital for its multiple funds as it looks to manage funds beyond disbursements from the parent holding company. Go to Source
US startup funding falls 30% in 2023 despite AI megadeals: PitchBook
US investors injected $170.6 billion into startups in 2023, a decrease of nearly 30% from the $242.2 billion recorded in 2022, as the venture capital funding market continues to grapple with valuation resets amid rising interest rates, according to PitchBook data released on Thursday. The latest data, from a year in which megadeals in artificial… Continue reading US startup funding falls 30% in 2023 despite AI megadeals: PitchBook
US bitcoin ETFs see $4.6b worth of trade on first day
US-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the US securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets—still viewed by many… Continue reading US bitcoin ETFs see $4.6b worth of trade on first day
BlackRock slashes valuation of India’s BYJU’S by 95% to $1b: TechCrunch
BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian education tech startup to $1 billion from $22 billion mark set in early 2022, TechCrunch reported on Friday, citing disclosures made by the asset manager. BlackRock, which owns less than 1% of Byju’s, declined to comment,… Continue reading BlackRock slashes valuation of India’s BYJU’S by 95% to $1b: TechCrunch
Singapore’s guidelines to bolster mobile app security are optional – for now
Oscar Wong/Getty Images Singapore has released guidelines designed to help developers adopt the necessary security controls and best practices to better safeguard users against common malware and phishing attacks. Called Safe App Standard, it offers a common benchmark that guides local developers on steps to take to enhance mobile app security, according to the Cyber… Continue reading Singapore’s guidelines to bolster mobile app security are optional – for now
Toyota confirms 750 mi range solid-state EV battery plans to catch up to Tesla, but when?
Toyota confirmed plans to launch solid-state EV batteries with 10-minute fast charging and up to 750 miles (1,200 km) WLTP range to close the gap with Tesla. However, with the new EV battery tech still a few years out, Toyota could fall further behind. Toyota has been teasing solid-state EV battery tech for several years… Continue reading Toyota confirms 750 mi range solid-state EV battery plans to catch up to Tesla, but when?
Tesla Megapack battery turns on to replace Hawaii’s last coal plant
A Tesla Megapack battery system has officially turned on to replace Hawaii’s very last coal power plant. In early 2022, we reported that Tesla is deploying Megapacks at a new energy storage project that will replace Hawaii’s last remaining coal plant. The project, called Kapolei Energy Storage, is located on the industrial west side of Oahu… Continue reading Tesla Megapack battery turns on to replace Hawaii’s last coal plant
Hertz says it will invest some of proceeds from selling Tesla cars back into gas cars
Hertz announced that it will invest some of the proceeds from selling its Tesla vehicles back into internal combustion engine vehicles. Back in 2021, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. More recently, the company added Model Y vehicles to the… Continue reading Hertz says it will invest some of proceeds from selling Tesla cars back into gas cars
Tesla (TSLA) increases workers’ wages amid union push
Tesla (TSLA) has reportedly told its production workers that it is increasing their wages amid a push to unionize them. Last year, UAW had a historic win following a strike that earned 25% pay increases at all of the Big Three American automakers. Following the win, UAW made it clear that it plans to turn it… Continue reading Tesla (TSLA) increases workers’ wages amid union push