After months of legal drama, Elon Musk has begun his takeover of Twitter, according to The Wall Street Journal and The Washington Post. His first move was to fire CEO Parag Agrawal, Chief Financial Officer Ned Segal and other top execs. Musk is taking the reins just ahead of a Friday deadline to complete the deal.… Continue reading Elon Musk has begun his takeover of Twitter
Category: Tech News
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Apple turns healthy profit despite weak iPad sales
Apple seems to be weathering the financial storm, albeit with a few hitches. The company reported a record high revenue of $90.1 billion in its fiscal fourth quarter, with a net profit of $20.7 billion. While those were only slight increases versus the same period last year (revenue was up ‘just’ 8 percent), they came… Continue reading Apple turns healthy profit despite weak iPad sales
NASA’s InSight lander detected a meteoroid impact on Mars
NASA’s InSight lander may have had its last hurrah. Researchers have learned that a marsquake the lander detected in Mars’ Amazonis Planitia region on December 24th, 2021 was actually a meteoroid impact — the first time any mission has witnessed a crater forming on the planet. Scientists found out when they looked at before-and-after pictures… Continue reading NASA’s InSight lander detected a meteoroid impact on Mars
Tesla Cyberquad for Kids recalled due to federal safety standard violations
The Tesla Cyberquad for Kids is being recalled by Radio Flyer (which built the product) after the Consumer Product Safety Commission found that it violates all-terrain vehicle (ATV) federal safety standards for youths. The agency determined that, among other issues, the mechanical suspension and maximum tire pressure weren’t adequate. Moreover, it said the Cyberquad for… Continue reading Tesla Cyberquad for Kids recalled due to federal safety standard violations
Climate Investment Funds sets aside $1b for clean power move in Indonesia, S AfricaBoth countries will be able to access $500m from CIF’s programme.
Climate Investment Funds, a leading multilateral investor in developing countries, said it will allocate $1 billion to help South Africa and Indonesia move away from coal to clean power. The move comes ahead of the next round of global climate talks in Egypt in November, at which emerging markets are set to once again push… Continue reading Climate Investment Funds sets aside $1b for clean power move in Indonesia, S AfricaBoth countries will be able to access $500m from CIF’s programme.
Elon Musk’s Twitter ownership begins with firings, uncertainty
Elon Musk became Twitter Inc’s new owner on Thursday, firing top executives he had accused of misleading him and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. The CEO of electric car maker Tesla Inc has said he wants to “defeat” spam bots… Continue reading Elon Musk’s Twitter ownership begins with firings, uncertainty
B2B marketplace Udaan raises $120m, seeks to go public in 12-18 mths
Business-to-business (B2B) marketplace Udaan, backed by investors such as Lightspeed India Partners and GGV Capital, has secured $120 million in convertible notes and debt, the company’s chief financial officer Aditya Pande told employees in an internal mail. The round has been led by the startup’s existing shareholders and bondholders. Following the current fundraising, Udaan now… Continue reading B2B marketplace Udaan raises $120m, seeks to go public in 12-18 mths
FMO to invest in SG-based SME financing platform Validus
Dutch development bank FMO has proposed to invest $650,000 in Singapore-based SME financing platform Validus to provide additional capital needed to grow the company’s operations. If approved, the proposed investment will bring FMO’s total funding in Validus to about $6.22 million. The Dutch lender first invested $6.08 million in the SME financing platform in 2019… Continue reading FMO to invest in SG-based SME financing platform Validus
Cruise opens robotaxi waitlist in Austin and Phoenix
Cruise, General Motors’ autonomous vehicle subsidiary, is now inviting potential passengers in Phoenix and Austin to join the waitlist to be among the first Cruise robotaxi passengers. The company has been operating a fully driverless commercial robotaxi service in San Francisco since June, with fully driverless meaning there’s no human safety operator behind the wheel.… Continue reading Cruise opens robotaxi waitlist in Austin and Phoenix
Uber to freeze fake rider account names, pilot front-facing video recording
Uber is releasing a suite of new safety features geared toward the driver, including freezing fake rider account names and piloting a front-facing video recording tool to replace a driver’s dashcam. The safety features follow a feedback period from drivers that Uber began this summer. It looks like drivers have been having a hard time… Continue reading Uber to freeze fake rider account names, pilot front-facing video recording