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Tesla recalls 321,000 Model 3 and Model Y cars over rear light issue

Tesla is recalling more than 321,000 vehicles over a software issue that causes the tail lights on some cars not to work properly. The automaker announced the action on Saturday in a National Highway Traffic and Safety Administration filing (PDF) spotted by Reuters. The recall covers 2023 Model 3 and 2020 to 2023 Model Y… Continue reading Tesla recalls 321,000 Model 3 and Model Y cars over rear light issue

Elon Musk is reportedly considering cutting more of Twitter’s workforce

Twitter may cut more of its shrinking workforce as early as Monday. According to Bloomberg, Elon Musk is considering new layoffs that would target the company’s sales and partnerships teams. The scale of the potential cuts is unclear but come after a large number of employees rejected Musk’s Twitter 2.0 ultimatum. On Friday, Musk reportedly… Continue reading Elon Musk is reportedly considering cutting more of Twitter’s workforce

Lightspeed eyes investments in climate tech startups in India, SE Asia

Lightspeed Venture Partners is aiming to allocate more capital to startups offering solutions for climate change. “We believe that the focus of climate tech has opened trillions of dollars of opportunities globally, so we’ll be focusing more on this,” said Harsha Kumar, a partner at Lightspeed. Go to Source

IFC proposes $60m investment in India-focused Multiples PE’s GIFT Fund IV

The International Finance Corporation (IFC), a member of the World Bank Group, is proposing an equity investment of up to $60 million in the latest India-focused fund of Multiples Asset Management IFSC Private Limited, popularly Multiples PE, according to a disclosure. The proposed investment is for Multiples Private Equity GIFT – Fund IV, which is… Continue reading IFC proposes $60m investment in India-focused Multiples PE’s GIFT Fund IV

The LP View: Interest in Asia remains robust despite fundraising woes

Andy Wang, Partner, Primary Investments at Adams Street Partners in Beijing Global private markets investment manager Adams Street Partners believes limited partner (LPs) interest in Asia remains strong in spite of numbers that reflect weakened fundraising. Adams Street’s Andy Wang told DealStreetAsia in an exclusive interview: “Global entities do have plans to allocate to Asia,”… Continue reading The LP View: Interest in Asia remains robust despite fundraising woes

PropertyGuru’s Q3 revenue soars 47% YoY, net loss narrows

New York-listed PropertyGuru posted a 47% year-on-year jump in revenue in Q3 of this year to S$34.6 million ($25 million), and cut its net loss to S$7.4 million in the quarter from S$9.6 million a year ago, its latest earnings report showed. The Southeast Asian property listing platform said its overall revenue rose on the… Continue reading PropertyGuru’s Q3 revenue soars 47% YoY, net loss narrows

Einride founder on building an underlying business to support future tech goals

Swedish startup Einride was founded in 2016 with a mission to electrify freight transport. Today, that means designing electric trucks and an underlying operating system to help overland shippers make the transition to electric. In the future, it will mean deploying electric autonomous freight — more specifically, Einride’s autonomous pods, which are purpose-built for self-driving… Continue reading Einride founder on building an underlying business to support future tech goals

Tesla recalls over 321,000 vehicles due to taillight software issue

/ Tesla’s rolling out an over-the-air software update to fix the glitch, which affects certain Model 3 and Model Y vehicles. Illustration by Alex Castro / The Verge Tesla’s recalling over 321,000 vehicles over a software glitch causing the taillights on some cars to illuminate improperly (via Reuters). According to a filing with the National… Continue reading Tesla recalls over 321,000 vehicles due to taillight software issue

Evidence Grows That Soggy Meteorites Gave Earth Its Oceans

“Meteorites like Winchcombe are a pretty good match [to] the water in the Earth’s oceans and suggests asteroids were the main source of water.” Rock of Ages Where Earth’s water comes from remains a contentious topic amongst scientists, but a meteorite that landed in England last year may contain a key chunk of evidence. Dubbed… Continue reading Evidence Grows That Soggy Meteorites Gave Earth Its Oceans

Facebook Takes Down AI That Churns Out Fake Academic Papers After Widespread Criticism

“It’s hilariously bad.” Fabulating After just a few days online — and tons of Twitter criticism — Meta-formerly-Facebook has taken down an AI it created that writes vaguely-plausible-sounding-but-ultimately-nonsensical academic papers. Released on November 15, Meta pulled the plug on its Galactica AI after three days of experts and random social media users dunking on the… Continue reading Facebook Takes Down AI That Churns Out Fake Academic Papers After Widespread Criticism