Indonesia’s biggest tech group GoTo is set to complete a pre-IPO funding exercise to raise up to $2 billion in the next few weeks, but regulatory delays threaten to push its listing plans to early next year, three sources familiar with the matter said. The delay comes as the southeast Asian nation’s Financial Services Authority… Continue reading Indonesia’s GoTo closes in on $2b funding round, IPO may be delayed to 2022
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India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m
Financial services firm Avendus on Thursday announced that it has achieved the first close of its Future Leaders Fund II with aggregate commitments of about $78 million (Rs 584 crore). The fund, a Category-II AIF registered with Sebi, is targeting to raise Rs750 crore with a green-shoe option of another Rs500 crore. The fund has… Continue reading India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m
The new Motorola Edge gets a 108-megapixel camera but ditches the edge display
Motorola has a new version of its $700 Edge smartphone, bringing better cameras, a more modern processor, and an updated design. As with last year’s Edge, the new model doesn’t quite offer the best hardware Android has to offer, with a Snapdragon 778 5G processor, 6GB RAM and 128GB storage, or 8GB RAM / 256GB… Continue reading The new Motorola Edge gets a 108-megapixel camera but ditches the edge display
Japan Tests Exploding Rocket Engine for the First Time in Space
This could be a game changer for deep space exploration. Ring of Explosions Japan’s space agency JAXA has announced that is has successfully demonstrated the operation of a “rotary detonation engine” in space, a world’s first. Such an engine uses a series of controlled explosions that travel around a circular channel at its base. The… Continue reading Japan Tests Exploding Rocket Engine for the First Time in Space
Why You Might Want an mRNA Booster Shot, In One Simple Graphic
By late September, Americans who got an mRNA vaccine for COVID-19 — that means either Pfizer or Moderna — may be able to sign up for a third shot in order to boost their immune response to the coronavirus, according to an announcement from President Biden. Part of the rationale is preemptive, The Washington Post… Continue reading Why You Might Want an mRNA Booster Shot, In One Simple Graphic
Scientists 3D Print Living, Viable Brain Tumor, to Practice Killing It
Image by Getty / Futurism A team of mad scientists successfully 3D-printed out a living, “viable” glioblastoma tumor — the deadliest kind of brain cancer — for the express purpose of learning how to kill it. The tumor, which is made of a brain-like material and artificial blood vessels, is likely the most realistic approximation… Continue reading Scientists 3D Print Living, Viable Brain Tumor, to Practice Killing It
Crime-Fighting AI Put a Guy in Jail for a Year With Little Evidence
Police departments across the country are increasingly relying on systems that use sensors and artificial intelligence to keep track of gunshots in certain neighborhoods. In fact, according to a shocking new investigative report by the Associated Press, 65-year-old Michael Williams was falsely accused of murder last August, and spent a whole year in jail —… Continue reading Crime-Fighting AI Put a Guy in Jail for a Year With Little Evidence
Despite widening losses, analysts and retail investors bet big on Sea Ltd
The shares of Singapore-based Sea Ltd have continued their northward journey on the New York Stock Exchange (NYSE), despite the e-commerce and gaming giant reporting a widening of losses in the second quarter (Q2) of this year. Sea Ltd’s shares closed at $318.61 apiece on Wednesday, following the group’s quarterly results announcement, up more than… Continue reading Despite widening losses, analysts and retail investors bet big on Sea Ltd
Toyota to reduce production in Japan and North America due to chip shortage
Toyota said Thursday that it would reduce production in Japan and North America due to a shortage of semiconductor chips, a sign that even the best-run supply chains are being affected by the shortage. In Japan, the automaker will reduce production by 40 percent later this month and into September, which will affect most of… Continue reading Toyota to reduce production in Japan and North America due to chip shortage
Bedrock modernizes seafloor mapping with autonomous sub and cloud-based data
The push for renewable energy has brought offshore wind power to the forefront of many an energy company’s agenda, and that means taking a very close look at the ocean floor where the installations are to go. Fortunately Bedrock is here to drag that mapping process into the 21st century with its autonomous underwater vehicle… Continue reading Bedrock modernizes seafloor mapping with autonomous sub and cloud-based data