/ The robots are provided by Cartken, an Oakland-based robotics company. It’s still an unproven business, with some notable examples of robots getting stuck or catching fire. Uber will use robots from Cartken to make deliveries in Dadeland.Image: Uber Uber is expanding its use of autonomous delivery vehicles with the announcement that it will soon… Continue reading Uber Eats will use sidewalk robots to make food deliveries in Miami
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Lucid Air Grand Touring review: a dream made real
Lucid’s sedan is sublime to drive, if a bit strange in appearance. Can the Air unseat the Tesla Model S as the leader in the luxury EV market? Share this story When you’re an automotive journalist, sometimes you spend a few hours testing a car and are left with such a negative impression that you… Continue reading Lucid Air Grand Touring review: a dream made real
Blackstone said to be weighing exit options for Japan-based Ayumi PharmaceuticalThe specialty pharmaceutical company is reportedly worth at least $1b.
US private equity (PE) giant Blackstone is understood to be exploring exit options for Japan-based Ayumi Pharmaceutical Corp, in a deal that could value the specialty pharmaceutical company at at least $1 billion. Bloomberg was the first to report the development, saying Blackstone was working with potential advisers on options including an initial public offering… Continue reading Blackstone said to be weighing exit options for Japan-based Ayumi PharmaceuticalThe specialty pharmaceutical company is reportedly worth at least $1b.
Musk sells $3.5B worth of Tesla stock as investors voice concern over Twitter involvement
Tesla CEO Elon Musk sold over 20 million shares of the company stock between Monday and Wednesday. The sale is worth about $3.5 billion, according to a regulatory filing. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month. Musk hasn’t provided a reason publicly for the share sell… Continue reading Musk sells $3.5B worth of Tesla stock as investors voice concern over Twitter involvement
US Senate approves bill to ban TikTok on government devices
The US House will still have vote on it before it can become a law. The No TikTok on Government Devices Act that was introduced by Senator Josh Hawley (R-Missouri) has just crossed a major milestone. Members of the US Senate have unanimously voted to approve the bill, which will ban the TikTok app on… Continue reading US Senate approves bill to ban TikTok on government devices
Musk cashes out another $3.6b in Tesla stockMusk unloaded 22 million shares in Tesla over three days.
Tesla boss Elon Musk disclosed another $3.6 billion in stock sales on Wednesday, taking his total near $40 billion this year and frustrating investors as the company’s shares wallow at two-year lows. A U.S securities filing showed he unloaded 22 million shares in the world’s most valuable carmaker over three days from Monday to Wednesday.… Continue reading Musk cashes out another $3.6b in Tesla stockMusk unloaded 22 million shares in Tesla over three days.
E-commerce site builder Plugo raises $9m and other SE Asia deals
Plugo, a Jakarta-based e-commerce website builder, has announced raising $9 million in a Series A funding round anchored by Altos Ventures. The round, which comes ahead of the company’s planned public launch in 2023, was also participated by BonAngels Venture Partner, Access Ventures, Mahanusa Capital, Prodigy Investment, and Pearl Abyss Capital, according to the announcement.… Continue reading E-commerce site builder Plugo raises $9m and other SE Asia deals
Grab to cut costs amid macroeconomic uncertainties, CEO writes in memo
Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a freeze on most hirings, salary freezes for senior managers and cuts in travel and expense budgets, according to… Continue reading Grab to cut costs amid macroeconomic uncertainties, CEO writes in memo
Australian regulator sues comparison site over crypto product
Australia’s corporate regulator sued the country’s biggest comparison website on Thursday in relation to a cryptocurrency product, accusing it of conducting unlicensed financial services and breaching consumer protection laws. The lawsuit is the third by the Australian Securities and Investments Commission (ASIC) against a supplier of crypto-related products in the past two months as it… Continue reading Australian regulator sues comparison site over crypto product
Ford, China’s CATL planning to build battery plant in US
Ford Motor Co and China’s Contemporary Amperex Technology Co Ltd (CATL) are considering building a battery plant in Michigan or Virginia to reap tax benefits without treading on Sino-US political sensitivities, Bloomberg reported on Wednesday. The multibillion-dollar facility will make lithium iron phosphate batteries for Ford’s electric models, Bloomberg reported, citing people familiar with the… Continue reading Ford, China’s CATL planning to build battery plant in US