The CEO of a crypto Ponzi scheme appears, much like the promises his firm made, to be completely fake. As The Guardian reports, Steven Reece Lewis was put forth with all kinds of bona fides in 2021 when the HyperVerse metaverse platform/crypto fund announced that he would be taking over as its CEO. Per the paper’s investigation,… Continue reading CEO of Crypto Firm Appears to Be Entirely Fake
Category: Tech News
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To Beat Russia, Ukraine Needs a Major Tech Breakthrough
“Just like in the First World War, we have reached the level of technology that puts us into a stalemate,” Ukrainian general Valerii Zaluzhnyi admitted late last year. “There will most likely be no deep and beautiful breakthrough.” That blunt assessment from the Ukrainian commander in chief, made in a November interview with The Economist,… Continue reading To Beat Russia, Ukraine Needs a Major Tech Breakthrough
The Man Who Made Robots Dance Now Wants Them to Think for Themselves
Some robots, including from Boston Dynamics, are already doing warehouse work. Do you expect to see that humanoid workforce growing in the coming years? Warehouse work is one of the great applications at the moment because there’s such a need for people. Employers are really frustrated with the difficulty of getting humans and training them… Continue reading The Man Who Made Robots Dance Now Wants Them to Think for Themselves
A Gel Injected Into the Scrotum Could Be the Next Male Contraceptive
The purpose of the current trial is to assess the gel’s safety and longevity, not how well it prevents pregnancy. Participants were asked to use a back-up form of birth control while being enrolled in the trial. The gel is designed to dissolve at the end of its lifetime, so the men will be followed… Continue reading A Gel Injected Into the Scrotum Could Be the Next Male Contraceptive
Bumper Closes $48M Funding Round
Bumper, a London, UK-based fintech company enabling flexible payments for car repairs, raised $48M in funding. The round, which brought the total amount to $64M, was led by Autotech Ventures, with investment from Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures and Revo Capital. The company intends to use the funds to accelerate its growth. Led… Continue reading Bumper Closes $48M Funding Round
Microsoft adds ‘Copilot key’ to keyboards to call up AI chatbotAI PCs could help the personal computer market bounce back after its post-pandemic slum…
Microsoft said it is adding a button to its Windows keyboard that would pull up the tech giant’s Copilot service, in the first change for the device in nearly three decades. The “Copilot key”, announced on Thursday, marks the latest effort by the company, which is investing billions in AI, to incorporate the technology in its… Continue reading Microsoft adds ‘Copilot key’ to keyboards to call up AI chatbotAI PCs could help the personal computer market bounce back after its post-pandemic slum…
Indonesian airline Garuda repays $114m in debt owed to bondholders
Indonesia’s state flag carrier Garuda Indonesia said late on Thursday that it has paid back $113.8 million of the debt it owes to bondholders as part of its restructuring process. In 2022, the airline won creditors’ approval to restructure more than $9 billion of debt after it faced financial difficulties due to among others COVID-19-related travel curbs.… Continue reading Indonesian airline Garuda repays $114m in debt owed to bondholders
India’s digital currency transactions averaged more than 1m a day in Dec
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said. The central bank digital currency (CBDC), called the e-rupee, has been devised as a digital alternative to physical cash… Continue reading India’s digital currency transactions averaged more than 1m a day in Dec
China’s Zhongning Silicon Industry bags over $112m in fresh funding round
Zhejiang Zhongning Silicon Industry, which makes silane gas and electronic-grade polysilicon used in integrated circuit industry, has secured 800 million yuan ($112.7 million) in a fresh funding round led by China-focused private equity investment firm Phoenix Tree Capital Partners. Beijing-based Phoenix Tree Capital Partners, which manages venture capital, mergers and acquisitions, private investment in public… Continue reading China’s Zhongning Silicon Industry bags over $112m in fresh funding round
China’s Richen Capital hits first close of Fund V at $141m, targets $282m
Richen Capital has held the first close of its fifth flagship fund at over 1 billion yuan ($140.8 million), as the Chinese investment firm targets to hit the final close of 2 billion yuan ($281.6 million) within the next 12 months. China-based Richen Capital, which has over 10 billion yuan ($1.4 billion) in accumulated assets… Continue reading China’s Richen Capital hits first close of Fund V at $141m, targets $282m