Indonesian startup founders are doubling down on the country’s high octane ecosystem by backing the next generation of entrepreneurs, through solo investments, setting up angel networks with peers, and co-investing with venture capital firms. Even as sentiment in the broader industry weakens, angel investment networks are becoming more active in the region with the emergence of… Continue reading Indonesia’s founder-turned-angel tribe grows on back of bustling startup ecosystem
Category: Tech News
Category Added in a WPeMatico Campaign
India adds fewer unicorns this year as investors tighten purse strings
The number of Indian startups entering the unicorn club this year may well be just half of last year, going by trends so far. While there were at least 45 unicorns in 2021 with a combined valuation of a little over $97 billion, there have been only 24 till end-October this year with a combined… Continue reading India adds fewer unicorns this year as investors tighten purse strings
Canada’s OTPP says any loss from its FTX investment to have limited impact
The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million to the troubled cryptocurrency exchange FTX and any financial loss from the exposure will have limited impact on the pension plan. OTPP, Canada’s No. 3 pension fund, said it made the investments in FTX International and FTX U.S.… Continue reading Canada’s OTPP says any loss from its FTX investment to have limited impact
Inside Elon Musk’s first meeting with Twitter employees
With Twitter staff still reeling from mass layoffs and executive resignations, Musk took questions from employees for nearly an hour. Here’s everything he said. Share this story With barely 20 minutes’ notice, Elon Musk gathered Twitter employees on Thursday to address them directly for the first time. During a nearly one-hour Q&A session, which The… Continue reading Inside Elon Musk’s first meeting with Twitter employees
Amazon’s new warehouse robot can handle individual products
/ Until now, Amazon’s warehouse robots focused on moving around already-boxed products, requiring humans to put things in boxes. Unlike Amazon’s other robots, Sparrow doesn’t need items to be boxed before it can move them.Image: Amazon Amazon has announced a new robot, dubbed Sparrow, which the company says is its first warehouse robot that can… Continue reading Amazon’s new warehouse robot can handle individual products
Dispatches from the conference room
Greetings on a brisk New England morning. I’m finally here on my long threatened trip to Boston. I was planning to be here in early July ahead of our robotics event, but SARS-CoV-2 and its many variants had different ideas. I narrowly avoided another reschedule on my third time around with COVID, but now I’m… Continue reading Dispatches from the conference room
Now anyone can hail a Waymo robotaxi in downtown Phoenix
Waymo has opened up its fully driverless ride-hail service in downtown Phoenix to members of the general public. Previously, the company had only been operating a commercial service with no safety driver behind the wheel for participants in its “trusted tester” program. The expansion in Phoenix is yet another sign of Waymo’s accelerated push towards… Continue reading Now anyone can hail a Waymo robotaxi in downtown Phoenix
Redwood and Audi want to turn your old electronic devices into EV batteries
Lithium-ion battery recycler Redwood Materials and Audi are today launching a program that enables consumers to drop off their old battery-powered devices at local Audi dealerships, and then Redwood will recycle them to build EV batteries. Redwood already has a partnership with Volkswagen Group of America to recycle all end-of-life batteries from Volkswagen and Audi… Continue reading Redwood and Audi want to turn your old electronic devices into EV batteries
Tesla cancels solar projects in mass, scales back solar division
Tesla has canceled solar projects in mass across the US as the company says that it is shutting down its solar operations in some markets. After years of its solar business slowing down since acquiring it through taking over SolarCity in 2016, Tesla’s solar division was finally getting some momentum over the last few quarters.… Continue reading Tesla cancels solar projects in mass, scales back solar division
First look: Tesla’s new Quicksilver Model Y
Tesla has publicly displayed the Model Y with the new multi-coat Quicksilver paint for the first time. What do you think? Tesla electric vehicle buyers have been waiting for new paint options for a long time. Back in the early days of the Model S, Tesla used to offer a variety of colors, but the… Continue reading First look: Tesla’s new Quicksilver Model Y