The US National Highway Traffic Safety Administration (NHTSA) has opened a probe into Tesla’s Autopilot software, citing the cars’ repeated collisions with parked emergency vehicles. The NHTSA investigation will cover Tesla Models Y, X, S, and 3 vehicles released from 2014 through 2021. The federal agency says since 2018 it has logged 11 incidents (which… Continue reading US government opens probe into Tesla Autopilot crashes with emergency vehicles
Category: Tech News
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Beckley Psytech Closes $80M Series B Funding
Beckley Psytech, an Oxford, England-based private company dedicated to addressing neurological and psychiatric disorders through the novel application of psychedelic medicines, closed an $80m Series B financing. The round was led by Integrated, with participation from Prime Movers Labs, Adage Capital Management, Palo Santo; Delphi VC; Leafy Tunnel; Negev Capital; and existing investor Bicycle Day Ventures. The company intends… Continue reading Beckley Psytech Closes $80M Series B Funding
Indian bike taxi service Rapido raises $52 million
Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures,… Continue reading Indian bike taxi service Rapido raises $52 million
India Digest: Heads Up For Tails raises $37m; IIFL AMC, others lead funding in Miko …
Pet care company Heads Up For Tails (HUFT) has rasied $37 million in its Series A funding round led by Verlinvest and Sequoia Capital India. In another development, Miko has raised funding from IIFL AMC, Mankind Pharma Family Office, and others. Heads Up For Tails raises $37m Delhi-based pet care company Heads Up For Tails… Continue reading India Digest: Heads Up For Tails raises $37m; IIFL AMC, others lead funding in Miko …
Chinese ride-hailer Didi says will be more transparent on driver income after criticism
China’s Didi Global Inc said on Monday drivers in several Chinese cities will be able to know details on how Didi pays them, the first big move by the ride-hailing giant after it was criticised by state media that it pays drivers unfairly. In a post on Weibo, Didi said drivers in seven Chinese cities will be the first to know… Continue reading Chinese ride-hailer Didi says will be more transparent on driver income after criticism
Deutsche Bank hires 3 Credit Suisse wealth management executives in SE Asia push
Deutsche Bank Wealth Management said on Monday it has hired three executives from Credit Suisse to work across Southeast Asia as part of an ongoing expansion strategy for the region. Urs Brudermann, at Credit Suisse for the past 11 years and most recently as team leader for Thailand, joins Deutsche‘s wealth management arm as managing director and… Continue reading Deutsche Bank hires 3 Credit Suisse wealth management executives in SE Asia push
HSBC to buy Axa’s insurance assets in Singapore for $575m
HSBC said on Monday it had agreed to acquire Axa’s insurance assets in Singapore for $575 million, part of its broader strategy of scaling up its wealth management business in Asia and boosting fee income. The bank said in February it would invest $3.5 billion in its wealth and personal banking business in Asia, while… Continue reading HSBC to buy Axa’s insurance assets in Singapore for $575m
GIC unit backs ESR’s latest China logistics development platform
Hong Kong-based ESR Cayman Limited announced that it has partnered with Dutch pension fund manager APG Asset Management and RECO Investor, an indirectly-owned subsidiary of Singapore’s GIC, to launch a new logistics development platform in China. The ESR China Development Platform (ECDP) will have an initial equity commitment of $1 billion and invest in warehousing… Continue reading GIC unit backs ESR’s latest China logistics development platform
Clean Technica: Tess Goes To The Mechanic, & The EV Transition Gets Personal001171
Tim has looked after my two Hyundais and my classic Wolseley for the past 20 years. He has taken care of everything from regular servicing to rescuing me from the mountain when my automatic gearbox stopped working halfway up Cunningham’s Gap on the way to Warwick. I respect him and trust him. When I got… Continue reading Clean Technica: Tess Goes To The Mechanic, & The EV Transition Gets Personal001171
The Switch is the first console to sweep Japan’s game sales chart in 33 years
The Nintendo Switch isn’t struggling to compete against the PlayStation 5 on its home turf in Japan… far from it. Game Data Library, Axios and IGN report that every game on Famitsu‘s August 8th weekly Top 30 chart was a Switch title, ranging from Super Mario Maker 2 in 30th place to Minecraft at the… Continue reading The Switch is the first console to sweep Japan’s game sales chart in 33 years