The US development bank International Development Finance Corporation (DFC) has approved at least $326 million worth of investments in firms based in, or focused on, Asia, including India, in its fiscal year 2024. The deals, which involved debt financing and equity investments, were part of the more than $12 billion in commitments that DFC made… Continue reading US development bank DFC approves $326m commitments in AsiaThis includes a $50m equity investment in AP Moller’s Emerging Markets Infrastructure Fund I…
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China Food Investment to list on Nasdaq via $523m SPAC dealThe SPAC, Iron Horse Acquisitions, will buy all of CFI’s equity from its parent Rosy Sea Ho…
China Food Investment (CFI), a health and agricultural biotech enterprise, has agreed to list its shares in the US via a merger with a special purpose acquisition company (SPAC) that values the combined entity at $523 million. The Nasdaq-listed SPAC, Iron Horse Acquisitions, said on Wednesday it will buy all of CFI’s equity from its… Continue reading China Food Investment to list on Nasdaq via $523m SPAC dealThe SPAC, Iron Horse Acquisitions, will buy all of CFI’s equity from its parent Rosy Sea Ho…
Ford officially overthrown by GM in Q3 electric vehicle sales in the US
Ford said it remains the second best-selling EV brand in the US behind Tesla, but is it really? Ford was topped by GM in Q3 electric vehicle sales as the race intensifies into the end of the year. Ford topped by GM in Q3 electric vehicle sales in the US On Monday, GM announced that… Continue reading Ford officially overthrown by GM in Q3 electric vehicle sales in the US
Elon Musk celebrates winning lawsuit over Tesla self-driving claims with embarrassing defense
Elon Musk is celebrating winning a lawsuit over his misleading claims regarding Tesla’s self-driving program. However, before celebrating, he should take a closer look at the defense his lawyers took: puffery. By definition, “puffery” refers to exaggerated or false praise. It’s also a legal defense used by defendants in cases of false advertising or misleading statements.… Continue reading Elon Musk celebrates winning lawsuit over Tesla self-driving claims with embarrassing defense
Tesla cancels its cheapest electric car
Photo: Tesla Tesla has discontinued its cheapest electric car model: the Model 3 Standard Range Rear-Wheel-Drive. Last night, Tesla updated its online Model 3 configurator. While we were focused on Tesla’s delivery numbers this morning, we didn’t even realize that the Model 3 Standard Range was gone from the automaker’s online configurator: At $39,000, it… Continue reading Tesla cancels its cheapest electric car
Tesla (TSLA) releases Q3 deliveries: just shy of expectations
Tesla (TSLA) has released its official deliveries and production results for the third quarter of 2024. The automaker confirmed that it delivered just short of 463,000 vehicles, which was Wall Street’s expectations. Tesla Q3 2024 Expectations After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade,… Continue reading Tesla (TSLA) releases Q3 deliveries: just shy of expectations
Tesla’s cheapest Model 3 is no longer available
/ The standard range RWD Model 3 was removed from Tesla’s configurator — and now no model is starting under $40,000. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this story… Continue reading Tesla’s cheapest Model 3 is no longer available
There’s a Problem WIth AI Programming Assistants: They’re Inserting Far More Errors Into Code
AI tools may actually create more work for coders, not less. We Regret the Error Proponents of generative AI have claimed that the technology can make human workers more productive, especially when it comes to writing computer code. But does it really? A recent report conducted by coding management software business Uplevel, first spotted by IT magazine… Continue reading There’s a Problem WIth AI Programming Assistants: They’re Inserting Far More Errors Into Code
Parrots Orchestrate Brutal Revenge on Small Town After Deforestation Drove Them Out of Their Homes
It’s like “The Birds,” but for climate change. Ruffling Feathers An army of guerillas has emerged from the jungle and launched an incursion into the unsuspecting Argentinian town of Hilario Ascasubi. Displaced from their homes, they’re nature’s embittered ronins, garbed in their red, green, and yellow liveries of war: parrots. And they’re out for revenge.… Continue reading Parrots Orchestrate Brutal Revenge on Small Town After Deforestation Drove Them Out of Their Homes
OpenAI Is Putting Profits First, Yet It’s Bleeding an Astronomical Amount of Money
The company lost a staggering $5 billion this year. Not Breaking Even ChatGPT creator OpenAI is hemorrhaging massive amounts of cash and failing to make up for it in revenue, The New York Times reports. Per the report, OpenAI projected in a document passed around to potential investors that it expects to lose a staggering… Continue reading OpenAI Is Putting Profits First, Yet It’s Bleeding an Astronomical Amount of Money