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Category: Tech News
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Mercedes locks faster acceleration behind a $1,200 annual paywall
/ The German auto manufacturer is the latest company to offer subscription services for features a vehicle was already capable of. Mercedes-EQ EQE and EQ EQS models are eligible for an Acceleration Increase add-on, which boosts performance for a $1,200 yearly subscription.Image: Mercedes Mercedes is the latest manufacturer to lock auto features behind a subscription… Continue reading Mercedes locks faster acceleration behind a $1,200 annual paywall
Everybody promised to disrupt the smartphone — and the smartphone outlasted them all
/ The metaverse. Voice assistants. AR. VR. For years, everybody promised a Next Big Thing, and the smartphone continues to crush them all. The latest iPhones may not blow minds, but they’re still taking down all comers.Photo by Amelia Holowaty Krales / The Verge Everywhere you turned over the last few years, someone was promising… Continue reading Everybody promised to disrupt the smartphone — and the smartphone outlasted them all
Acerta Analytics Solutions Raises $8M in Funding
Acerta Analytics Solutions, a Kitchener, Canada-based provider of analytics solutions that leverage machine learning and artificial intelligence (ML/AI) to turn product data into actionable insights, raised $8M in funding. The round was led by BDC Capital’s Industrial Innovation and Thrive Venture Funds with participation from OMERS Ventures and StandUp Ventures. The company intends to use… Continue reading Acerta Analytics Solutions Raises $8M in Funding
Tesla’s next Gigafactory in Asia could be in South Korea
Tesla CEO Elon Musk discussed Tesla’s plan for its next Gigafactory in Asia with South Korea’s president –hinting that the country could be on the shortlist. Tesla aims to increase its production capacity from currently roughly 2 million vehicles per year to 20 million vehicles per year by the end of the decade. To make… Continue reading Tesla’s next Gigafactory in Asia could be in South Korea
China Digest: AR firm Thin Red Line snaps up $50m; Quantifeed buys ALPIMAThin Red Line has secured $50m in an angel round led by Meituan investment ar…
Thin Red Line has raised fresh funding while Hong Kong-based Quantifeed has acquired fintech firm ALPIMA. AR firm Thin Red Line snaps up $50m Augmented Reality (AR) firm Thin Red Line has secured $50 million in an angel round led by DragonBall Capital, the investment arm of Chinese consumer products and retail services giant Meituan.… Continue reading China Digest: AR firm Thin Red Line snaps up $50m; Quantifeed buys ALPIMAThin Red Line has secured $50m in an angel round led by Meituan investment ar…
Indonesia’s East Ventures launches startup programme amid layoff wave
Indonesian venture capital firm East Ventures has launched the fourth edition of its startup initiative, Indonesia PASTI BISA, called Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up), in response to the massive tech layoffs in the country recently, the firm said on Wednesday. East Ventures wants to create a platform to support individuals… Continue reading Indonesia’s East Ventures launches startup programme amid layoff wave
SC Capital Partners, ADIA team up for $2b data centre programme
SC Capital Partners, a Singapore-based private equity real estate fund manager, has formed a $2-billion joint investment programme for data centres in the Asia-Pacific with a subsidiary of the Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund. The new setup will target digital infrastructure in Japan, South Korea, Singapore, and Australia and… Continue reading SC Capital Partners, ADIA team up for $2b data centre programme
China’s Fosun may sell stake in Alibaba’s logistics arm Cainiao
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said. Fosun has appointed a financial adviser to run the sale of its stake of less than 5% in Cainiao and the plan is at an early stage, said the sources, who… Continue reading China’s Fosun may sell stake in Alibaba’s logistics arm Cainiao
India Digest: The Ayurveda Co raises $15m in Series A; RedBrick AI snags $4.6m
D2C omnichannel ayurveda brand The Ayurveda Co has raised $15 million in a Series A funding round, while health-tech AI platform RedBrick AI said it has raised $4.6 million in seed funding led by Sequoia India and Southeast Asia’s Surge. The Ayurveda Co raises $15m in Series A The Ayurveda Co has raised $15 million… Continue reading India Digest: The Ayurveda Co raises $15m in Series A; RedBrick AI snags $4.6m