Last year YASA, a British electric motor startup with a revolutionary “axial-flux” motor, was acquired by Mercedes-Benz to develop ultra-high-performance electric motors for Mercedes’s AMG.EA electric-only platform. YASA’s axial-flux electric motors had previously garnered a reputation for efficiency, high power density, small size, and low weight. However, the team behind YASA did something quite clever.… Continue reading Evolito, with an axial-flux motor lighter than Tesla’s, starts ramping up its team
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XPeng to begin autonomous driving public road tests in Guangzhou
XPeng received a permit Monday to begin testing its G9 electric SUV as an autonomous vehicle on public roads in Guangzhou. The company will begin testing a small fleet as soon as possible with a human safety operator in the driver’s seat. This is a milestone for XPeng as it aims to use its vehicles… Continue reading XPeng to begin autonomous driving public road tests in Guangzhou
AI is running out of computing power. IBM says the answer is this new chip
A close up of the IBM Artificial Intelligence Unit chip. Image: IBM The hype suggests that artificial intelligence (AI) is already everywhere, but in reality the technology that drives it is still developing. Many AI applications are powered with chips that weren’t designed for AI – instead, they rely on general-purpose CPUs and GPUs created for… Continue reading AI is running out of computing power. IBM says the answer is this new chip
Ring is almost ready to release its first car alarm
/ In October, Ring said it plans on releasing the car alarm in the ‘next year or so’ Ring may be getting closer to launching the car alarm it announced over two years ago. A new report from Zatz Not Funny! reveals an image of the device recently added to the Ring Android app as… Continue reading Ring is almost ready to release its first car alarm
Waymo’s robotaxis are now making passenger trips to the Phoenix airport
/ The Alphabet company says it is the first AV operator to conduct ride-hail trips to an airport, signaling the start of a potential lucrative commercial opportunity Waymo is ready to tackle the chaos of airport drop-offs and pickups in Phoenix. The Alphabet company says it is the first autonomous vehicle company to include a… Continue reading Waymo’s robotaxis are now making passenger trips to the Phoenix airport
IFC, CapitaLand Ascott Trust jointly launch $111m ESG-linked bondsThe proceeds will be used to refinance existing borrowings and decarbonise CLAS’ ser…
Asia-Pacific’s largest lodging trust, CapitaLand Ascott Trust (CLAS), which is managed by Singapore-listed CapitaLand Investment, has launched JPY 16.5 billion ($111 million) sustainability-linked bonds in the global hospitality sector in partnership with International Finance Corporation (IFC). Under its S$2-billion ($1.4 billion) multicurrency debt issuance programme, the instrument has a 1.05% fixed coupon rate per annum… Continue reading IFC, CapitaLand Ascott Trust jointly launch $111m ESG-linked bondsThe proceeds will be used to refinance existing borrowings and decarbonise CLAS’ ser…
Entrepreneur First pulls the plug on SG and Toronto amid global restructuring
Entrepreneur First (EF) will consolidate its global operations and rescind its programmes in Singapore and Toronto, according to an official statement by the London-based venture builder. The strategy shift will see EF downsize the number of hubs it oversees while zeroing in on key growth markets such as Europe, North America, and India. EF added… Continue reading Entrepreneur First pulls the plug on SG and Toronto amid global restructuring
Nykaa’s quarterly profit grows three-fold on strong festive demand
FSN E-Commerce Ventures Ltd, which runs online fashion retailer Nykaa, on Tuesday reported a 350% jump in quarterly profit buoyed by strong demand for its products ahead of the festive season in India. Consolidated net profit stood at Rs 5.2 crore for the quarter ended Sept 30, 2022, compared with Rs 1.17 crore in the… Continue reading Nykaa’s quarterly profit grows three-fold on strong festive demand
Prosus and Naspers deny report about Tencent stake sale
Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent. In a pre-market statement, Amsterdam-based Prosus said an article in Asian Tech Press citing unnamed sources saying that Naspers was in talks with a group of investors led by state-backed CITIC of China to sell its entire Tencent stake was “speculative and untrue”. Prosus holds a 28% stake in Tencent worth $70 billion at… Continue reading Prosus and Naspers deny report about Tencent stake sale
Why Amazon VP Steve Boom just made the entire music catalog free with Prime
Apple Music raised its rates. Will Amazon Music follow suit? Share this story Photo illustration by Will Joel / The Verge Steve Boom is the VP of Amazon Music, and he has a great name for the music business. He’s on the show because Amazon just announced that it is upgrading the music service that… Continue reading Why Amazon VP Steve Boom just made the entire music catalog free with Prime