The California Public Employees’ Retirement System (CalPERS), the largest pension fund in the US, has committed $282 million in total to Sequoia Capital China’s four new China venture capital funds, according to a disclosure. Separately, the US pension fund also made an additional $1.26 billion commitment to Golden Reef Infrastructure Trust, a fund managed by QIC,… Continue reading US pension major CalPERS commits $282m to Sequoia China’s four funds
Category: Tech News
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Electric Era wants to put an EV charger in convenience store parking lot near you
Before starting Electric Era, Quincy Lee was one of the chief mechanical engineers at Space X. He got bored of doing space stuff when the climate crisis was happening down here on Earth and decided to do something about one of the biggest challenges with the adoption of electric vehicles: Distributed high-speed charging infrastructure. “I… Continue reading Electric Era wants to put an EV charger in convenience store parking lot near you
How Formula E will shape Maserati’s first passenger EV
When the 2024 Maserati GranTurismo Folgore comes to market next fall, consumers might notice some Formula E motorsports DNA running through the automaker’s first EV. In January, Maserati will become the first Italian team to compete in the ABB FIA Formula E World Championship when the series kicks off its ninth season in Mexico City.… Continue reading How Formula E will shape Maserati’s first passenger EV
Honda EM1 unveiled as company’s first electric moped in Europe
Honda took to the EICMA Milan Motorcycle Show today to unveil its first European model with an electric drivetrain, the Honda EM1. Honda EM1 unveiled in Milan Electrek was on site at the show to visit Honda’s booth and see the new electric model in the flesh. In a storm of creativity, Honda named the… Continue reading Honda EM1 unveiled as company’s first electric moped in Europe
Tesla (TSLA) earns 8 times more per car than Toyota
Tesla (TSLA) is now earning eight times more per car than Toyota, and they are starting to notice back in Japan. The list of things that could have led to Tesla’s demise used to be longer than my arm. For most investors, the amount of money that the company was losing was at the top… Continue reading Tesla (TSLA) earns 8 times more per car than Toyota
Tesla pulls another demand lever in China
Tesla has pulled on another demand lever in China by creating some urgency to get an insurance incentive worth ~$1,000 as it tries to increase sales at the end of the year. Over the last few months, there have been increased concerns about softening of demand for Tesla vehicles. It was enough for CEO Elon… Continue reading Tesla pulls another demand lever in China
Alphabet’s Wing drones will soon be delivering DoorDash orders in Australia
/ It’s a relatively limited pilot program that’s only available with certain items in a few areas, but it’s an exciting development for the service. Need a box of bandaids? Get it from a drone.Image: Google Wing — a company from Google’s parent organization, Alphabet — is integrating its drone deliveries into another service for… Continue reading Alphabet’s Wing drones will soon be delivering DoorDash orders in Australia
Terrifying! Hacked Robodog Walks on Hind Legs
It’s the literal robot uprising. Robot Uprising Perhaps it’s only a matter of time until the robots catch up with us and take over the planet. Case in point: a four-legged robodog learning how to walk on its two hind legs. Researchers from Worcester Polytechnic Institute (WPI) and ShanghaiTech University have developed an off-the-shelf “shin”… Continue reading Terrifying! Hacked Robodog Walks on Hind Legs
NFT Marketplaces Say Oops, Paying Royalties to Artists Is Optional Now
It’s no secret that the NFT industry has been struggling, meaning that marketplaces are being forced to find new, creative ways to hold onto market share. One especially unpleasant — even by cryptosphere standards — new trend to do just that? Doing away with creator royalties. Well, the industry hasn’t totally done away with royalties. As Decrypt… Continue reading NFT Marketplaces Say Oops, Paying Royalties to Artists Is Optional Now
Friend of Elon Musk Says He’s Surrounded by Sycophants and Yes Men
SpaceX and Tesla CEO Elon Musk’s takeover of Twitter has so far been a near-total disaster. The entire operation is in shambles, with employees — who either survived a massive round of layoffs or were asked to return to work after being fired — desperately trying to make sense of the situation. At the center of… Continue reading Friend of Elon Musk Says He’s Surrounded by Sycophants and Yes Men