Sam Bankman–Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman–Fried said he did not… Continue reading FTX founder Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’
Category: Tech News
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OpenSpace likely to lead Indonesian auto-financing startup Broom’s new funding round
Indonesian auto-financing startup Broom is finalising a new funding round of $6-8 million, led by Singapore-based venture capital firm OpenSpace Ventures with an investment of up to $4 million, DealStreetAsia has learnt. A number of existing investors are also participating in the new round, according to three persons aware of the development. Go to Source
Electric robot tractors powered by Nvidia AI chips are here
/ California-based startup Monarch Tractor is delivering its first MK-V smart tractors that can perform farming tasks without a driver. Monarch Tractor, an electric smart tractor company, says its first AI-powered farming vehicles, dubbed the MK-V, are rolling off the production line. It’s the Livermore, California-based startup’s first product, and it uses Nvidia’s Jetson edge… Continue reading Electric robot tractors powered by Nvidia AI chips are here
On-demand car rental company Kyte is now offering car subscriptions
Car rental delivery startup Kyte said it’s on a mission to disrupt the auto industry by making people think twice about buying a car. Starting Wednesday, Kyte will now offer a car subscription service, following what the startup says was a successful subscription pilot with Teslas. The three-, six- and 12-month subscription plans will be… Continue reading On-demand car rental company Kyte is now offering car subscriptions
Garmin Enduro 2 has one killer feature I didn’t know I needed
The top LED light on the Garmin Enduro 2 lights up the dark Matthew Miller/ZDNET Earlier this year, I tested out the Garmin Fenix 7X Sapphire Solar watch and enjoyed using the LED flashlight. However, the AMOLED display on the Garmin Epix swayed me to using that watch instead. In September, the Garmin Enduro 2… Continue reading Garmin Enduro 2 has one killer feature I didn’t know I needed
Canoo repurposed its bubbly electric pickup truck for the US Army
/ The Light Tactical Vehicle was developed as part of a $67,500 military contract to supply a multipurpose electric vehicle to the army. Image: Canoo Struggling EV startup Canoo has delivered its first electric pickup truck to the US Army for “analysis and demonstration.” The company’s Light Tactical Vehicle (LTV) is built on the same… Continue reading Canoo repurposed its bubbly electric pickup truck for the US Army
responsAbility invests in Aye Finance and India deals worth $129m
Fintech lender Aye Finance Thursday announced that it has raised $10 million in the form of external commercial borrowings (ECBs) from Zurich-based responsAbility Investments AG. Aye plans to use the proceeds to offer business loans to microenterprises to support their growth, it said in a statement. “We are currently witnessing a surge in credit applications… Continue reading responsAbility invests in Aye Finance and India deals worth $129m
FigBytes Raises Additional US$14.5M Funding
FigBytes, an Ottawa, Canada-based provider of an environmental, social, governance (ESG) insight platform for strategy, data, reporting and stakeholder engagement, raised additional US$14.5M in funding. Backers included existing investor Quantum Innovation Fund, an affiliate of Quantum Energy Partners, in addition to a US $4.5M debt facility from Silicon Valley Bank. This latest round of financing… Continue reading FigBytes Raises Additional US$14.5M Funding
Great Wall Motor’s hydrogen fuel cell arm raises nearly $79m in Series B roundThe startup aims to build a global R&D system and step up its manufactur…
FTXT Energy Technology, a Chinese developer of hydrogen fuel cell technology, has closed 555 million yuan ($78.6 million) in a Series B round of financing as its parent group raises its stakes in the country’s eco-friendly vehicle market. Shanghai-headquartered FTXT, an affiliate of China’s Great Wall Motor, raised the new capital from lead investor CNBM… Continue reading Great Wall Motor’s hydrogen fuel cell arm raises nearly $79m in Series B roundThe startup aims to build a global R&D system and step up its manufactur…
Taiwan’s Gogoro teams up with Ayala, Globe unit to tap PH market
Taiwanese electric vehicle firm Gogoro has teamed up with Globe Telecom’s 917Ventures and conglomerate Ayala Corporation to bring its smart scooter and battery-swapping technology in the Philippines. Gogoro, which got listed in New York through a merger with a special purpose acquisition company Poema Global in April, will pilot its services in the capital Manila… Continue reading Taiwan’s Gogoro teams up with Ayala, Globe unit to tap PH market