Category: Tech News

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FTC sues company for selling identifiable location data, including abortion clinic visits

The Federal Trade Commission has sued a data broker called Kochava, alleging the company sold geolocation information that could be used to reveal visits to sensitive locations. The agency says the data could show movements to and from reproductive health clinics, places of worship and addiction recovery centers, as well as homeless and domestic violence… Continue reading FTC sues company for selling identifiable location data, including abortion clinic visits

SG’s Vickers Venture Partners closes Fund VI below target at $260mIt may decide to raise a top-up or follow-on fund later on

Singapore-based Vickers Venture Partners has closed its sixth fund at $260 million, roughly half its original target of $500 million. “We decided to close the fund at about $260 million as we had raised about $140 million through our special purpose acquisition company (SPAC) and another $115 million or so of co-investments, totalling slightly above… Continue reading SG’s Vickers Venture Partners closes Fund VI below target at $260mIt may decide to raise a top-up or follow-on fund later on

Indonesian EV supplier VKTR looks to raise $45m from domestic IPO this year

PT VKTR Teknologi Mobilitas Indonesia (VKTR) — a unit of the Indonesian conglomerate PT Bakrie & Brothers — is looking to raise $45 million through a listing on the Indonesia Stock Exchange (IDX) in November 2022, a top executive told DealStreetAsia. VKTR’s CEO Gilarsi W Setijono said the supplier of commercial electric vehicles (EV) —… Continue reading Indonesian EV supplier VKTR looks to raise $45m from domestic IPO this year

Singapore AI firm Avanseus agrees to merge with Fat Projects SPAC

AI-based predictive maintenance software firm Avanseus has agreed to merge with the Nasdaq-listed special purpose acquisition company (SPAC) Fat Projects Acquisition Corp. The business combination agreement between the two Singapore-based companies would give Avanseus a pro forma enterprise value of approximately $135.7 million, according to an announcement. Go to Source

Jokowi struggles to drum up investors for new Indonesia capital

In late June, Japanese investors appeared puzzled while visiting the construction site of a new presidential palace in the jungles of Borneo. Aside from trees, they could only see a white sign with the words, “titik nol,” indicating the center point of Indonesia’s future capital, Nusantara. “This makes it hard to get an idea of… Continue reading Jokowi struggles to drum up investors for new Indonesia capital

Tesla can’t stop employees from wearing union swag, labor board rules

Union swag at Tesla is in. The National Labor Relations Board (NLRB) said that Tesla’s current dress code policy was unlawful. Specifically, the part where it only allowed employees to wear Tesla or other pre-approved black tee shirts. That policy meant union swag was not allowed — a hindrance to anyone trying to organize or… Continue reading Tesla can’t stop employees from wearing union swag, labor board rules

Waymo opens up driverless robotaxi service in downtown Phoenix to vetted passengers

Waymo, the autonomous vehicle developer under Alphabet, is opening up its driverless robotaxi service in downtown Phoenix to vetted local residents. People who have been accepted to Waymo’s “trusted tester” program are eligible to hail a driverless ride — meaning no human safety operator is behind the wheel — in a Jaguar I-Pace EV in… Continue reading Waymo opens up driverless robotaxi service in downtown Phoenix to vetted passengers

This $4.4 billion investment will bring electric vehicle battery production to the US

Jonathan Weiss / Getty Images LG Energy Solution (LGES) and Honda Motor Co. announced on Monday that they have agreed to establish a joint venture company to produce lithium-ion batteries in the U.S. This plant will power Honda and Acura electric vehicle (EV) models for the North American market.  LGES and Honda will invest a… Continue reading This $4.4 billion investment will bring electric vehicle battery production to the US

Honda and LG investing $4.4B to build batteries in the US

Although many Japanese automakers are falling behind in the EV race, Honda is taking a big step today to solidify its place in the future of automobiles. Honda announced Monday that it will be forming a new joint venture with LG Energy Solution to build EV batteries in the US. Japanese automakers have been slow… Continue reading Honda and LG investing $4.4B to build batteries in the US