Image: XH4D / Getty Images The virtual world is increasingly encroaching on the real one, via fully immersive virtual reality (VR) headsets for gaming and a growing number of business use cases, augmented reality (AR) devices that overlay digital information on the real world, and mixed reality (MR) environments, where you can interact with digital… Continue reading What is the metaverse, and who will build it?
Category: Tech News
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Tesla’s new energy app gives you range advice and more
Tesla has updated its in-car energy app to give a comparison between real energy use and the projected range, and it even gives you range advice to get closer to the optimal range. Range calculations are difficult regardless of the type of powertrain – electric or internal combustion engine. There are just so many factors… Continue reading Tesla’s new energy app gives you range advice and more
SoftBank-backed Mexican tech unicorn Kavak expands to Middle-EastIt plans to invest $130m over the next two years in UAE, Oman and Saudi Arabia
Mexican online used-car dealership Kavak has expanded to the United Arab Emirates (UAE), Oman and Saudi Arabia, boosting its presence in emerging-market countries, the firm’s chief executive, Carlos Garcia, told Reuters on Tuesday. Kavak plans to invest $130 million over the next two years in the three Middle–Eastern countries, which are set to represent 7-10% of its business, Garcia… Continue reading SoftBank-backed Mexican tech unicorn Kavak expands to Middle-EastIt plans to invest $130m over the next two years in UAE, Oman and Saudi Arabia
US rushes to prevent China chip export curbs from disrupting supply chain
The US is scrambling to tackle unintended consequences of its new export curbs on China‘s chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said. By late Tuesday, hours before a new restriction took effect, South Korean memory chipmaker SK Hynix Inc said it got authorization from the United States to receive goods for its chip production facilities in China without… Continue reading US rushes to prevent China chip export curbs from disrupting supply chain
SE Asia Deal Review: Startup’s September funding hits lowest this year at $1.27bn
Fundraising by Southeast Asian startups plunged to its lowest this year at $1.27 billion in September, with just two deals worth $100 million or more, proprietary data compiled by DealStreetAsia showed. The deal value in September was 76% lower than the $5.32 billion raised in August, a clear manifestation that investors remained cautious amid the… Continue reading SE Asia Deal Review: Startup’s September funding hits lowest this year at $1.27bn
Mamaearth-backer Fireside Ventures closes third fund at $225m
Fireside Ventures, an early-stage venture fund that invests in digital-first consumer brands, on Wednesday announced that it has closed its third fund at $225 million (Rs1,830 crore). Fireside Fund III is anchored by new and existing Indian and global investors including Self-Reliant India Fund, Investment Corporation of Dubai, SBI, Premji Invest, Waterfield-Fund of Funds, ITC… Continue reading Mamaearth-backer Fireside Ventures closes third fund at $225m
People Digest: ShopBack CCO steps down; Deutsche Bank names Asia wealth head
Singapore-based cashback platform ShopBack has announced that its chief commercial officer, Candice Ong, has stepped down from her role, while Deutsche Bank AG has named veteran Credit Suisse Group AG executive Jin Yee Young as head of its international private bank in Asia-Pacific. ShopBack’s CCO Candice Ong steps down Singapore-based cashback platform ShopBack has announced… Continue reading People Digest: ShopBack CCO steps down; Deutsche Bank names Asia wealth head
Uber scales back in Pakistan
Uber is scaling back its operations in Pakistan, the latest in a series of efforts from the ride-hailing firm as it looks to improve its financial performance. The company says its marquee app is ceasing operations in five of the six cities where Uber had launched and expanded to over the years. The eponymous service… Continue reading Uber scales back in Pakistan
Blizzard is giving away freebies to ‘Overwatch 2’ players to apologize for its rocky launch
Blizzard previously admitted that Overwatch 2’s launch, which was spoiled by a bunch of bugs, DDoS attacks and other issues, has not met players of the company’s expectations. While the company has made a lot of progress to make the game playable — a lot of players couldn’t even log in at first — its… Continue reading Blizzard is giving away freebies to ‘Overwatch 2’ players to apologize for its rocky launch
Asia Digest: S Korea’s CLASSUM raises $11m; Gulf Capital invests in VezeetaCLASSUM’s $11 million pre-Series B funding round was led by Dunamu & Partne…
South Korea’s CLASSUM, which provides an interactive learning platform for universities and corporates, has bagged $11 million; while Abu Dhabi-based PE firm Gulf Capital has backed health tech firm Vezeeta, which caters to the Middle East and Africa markets. S Korea’s CLASSUM raises $11m in pre-Series B funding South Korea-based CLASSUM, which runs an interactive… Continue reading Asia Digest: S Korea’s CLASSUM raises $11m; Gulf Capital invests in VezeetaCLASSUM’s $11 million pre-Series B funding round was led by Dunamu & Partne…