/ The Department of Justice is said to be looking into at least a dozen crashes involving Tesla Autopilot, which the company has said is a precursor to fully autonomous vehicles Illustration by Alex Castro / The Verge Tesla is facing a criminal probe over its claims about its driver assist technology, according to Reuters.… Continue reading Tesla’s self-driving claims are reportedly under criminal investigation
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UAE completes pilot of crossborder transactions using central bank digital currenciesCentral banks have been racing to develop CBDCs as an alternative…
The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world’s largest pilot of central bank digital currencies (CBDC) transactions, with other regulators including the People’s Bank of China’s Digital Currency Institute. “The project mBridge demonstrated faster, cost-effective and secure cross-border monetary settlements using central bank money, identified as a G20 economic priority,” CBUAE said, adding it would be positive for… Continue reading UAE completes pilot of crossborder transactions using central bank digital currenciesCentral banks have been racing to develop CBDCs as an alternative…
Crypto industry disappointed as Australia looks to impose capital gains tax
The cryptocurrency industry said on Wednesday it was disappointed with Australia’s decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government said in its budget announcement on Tuesday it would introduce legislation to enshrine the treatment of digital currencies such as Bitcoin as an asset. This means investors would pay… Continue reading Crypto industry disappointed as Australia looks to impose capital gains tax
Australia’s ELMO Software agrees to takeover offer from US firm K1 Investment
Australia’s ELMO Software said on Wednesday it has agreed to a near-A$500 million ($319 million) takeover bid from Los Angeles-based K1 Investment Management. The U.S. group offered A$4.85 per share in cash for the cloud-based software solutions business that operates in Australia, New Zealand and the United Kingdom. The offer is a 100.4% premium to the closing… Continue reading Australia’s ELMO Software agrees to takeover offer from US firm K1 Investment
Sony unit, Zee to divest three channels ahead of planned India merger
The Indian unit of Japan’s Sony and Zee Entertainment Enterprises have agreed to divest three Hindi language channels as part of their deal to create a $10-billion TV behemoth, according to an order by India’s competition regulator. The plan became public on Wednesday as the Competition Commission of India released a detailed copy of its order approving… Continue reading Sony unit, Zee to divest three channels ahead of planned India merger
Chinese automaker Chijet to merge with new SPAC at 37% lower valuation
Chijet Motor Co on Wednesday agreed to go public in the United States through a merger with a blank-cheque company that gave the China-based automaker a 37% lesser valuation than what it had secured in another deal that was terminated. The deal with special purpose acquisition company (SPAC) Jupiter Wellness Acquisition Corp values Chijet at $1.6 billion, less… Continue reading Chinese automaker Chijet to merge with new SPAC at 37% lower valuation
Argo.ai, driverless startup backed by Ford and VW, is shutting down
/ The Pittsburgh-based startup, which was founded in 2016, will be absorbed into its two automotive partners. Argo had been testing its vehicles in Miami, Austin, and Washington, DC. Drew Anthony Smith Argo AI, the self-driving startup backed by Ford and Volkswagen, is shutting down, The Verge has learned. Employees were notified that an announcement… Continue reading Argo.ai, driverless startup backed by Ford and VW, is shutting down
Scientists Grow Superpowered THC Substance Inside Bioreactors
Image by Getty Images/Futurism Israeli biotech company BioHarvest claims to have grown a substance that features all the active ingredients of cannabis inside a bioreactor — and it’s 12 times more potent than nature’s best, The Times of Israel reports. The company is heralding the invention as a breakthrough that could make medical cannabis cheaper and… Continue reading Scientists Grow Superpowered THC Substance Inside Bioreactors
Saudi Arabia Says Its 100 Mile Skyscraper Will Have a Population of 9 Million
If it ever gets completed. Drawing The Line Saudi Arabia has broken ground on its gigantic and controversial 100-mile skyscraper city, called The Line. And judging by the astronomical scale of the operation, it’s bound to be either one of the greatest feats of modern-day engineering — or a monumental, half-trillion-dollar failure. The scale is… Continue reading Saudi Arabia Says Its 100 Mile Skyscraper Will Have a Population of 9 Million
Why the US is suffering a widespread drought
/ A majority of the country is ‘abnormally dry,’ and there’s not much relief in sight for some of the worst-hit regions Floating homes and boats rest in mud at Riverside Park Marina in Martin Luther King Jr. Riverside Park along the Mississippi River on October 19th, 2022, in Memphis, Tennessee, as the Mississippi River… Continue reading Why the US is suffering a widespread drought