Category: Tech News

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The Mormon Church’s secretive $100 billion fund cashed out its GameStop profits — and trimmed its Tesla bet by 13%

A LDS church. Shutterstock The Mormon Church exited its GameStop position and cut its Tesla holdings last quarter. Ensign Peak Advisors disposed of its 46,000 GameStop shares, pocketing as much as $14 million. The church fund sold 13% of its Tesla shares, leaving a stake worth $382 million on June 30. See more stories on… Continue reading The Mormon Church’s secretive $100 billion fund cashed out its GameStop profits — and trimmed its Tesla bet by 13%

Temasek-backed Indian online drugstore PharmEasy targets $9b IPO valuation …

Prosus Ventures, TPG Growth, CDPQ and Temasek are among PharmEasy’s top investors. The decision not to cash out their stakes during the IPO indicates confidence among PharmEasy’s investors about the growth potential of the company and the online pharmacy market. The growth potential has already drawn India’s largest conglomerates, including the Tata group and Reliance… Continue reading Temasek-backed Indian online drugstore PharmEasy targets $9b IPO valuation …

LG Energy Solution inks deal with Australian mining company for nickel and cobalt

South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000 dry metric tons of cobalt from… Continue reading LG Energy Solution inks deal with Australian mining company for nickel and cobalt

Tesla Model Y to be cheaper police patrol car in just 6-18 months, says Boulder Sheriff

The Boulder County Sheriff’s Office announced that it acquired a Tesla Model Y to test as a police patrol vehicle. It justified that higher sticker price with gas savings resulting in a cheaper total cost of ownership in just 6 to 18 months. Like many other law enforcement agencies, the Boulder County Sheriff’s Office is… Continue reading Tesla Model Y to be cheaper police patrol car in just 6-18 months, says Boulder Sheriff

Tesla again bans salvaged cars from Supercharger network in confusing situation

Tesla has again banned salvaged cars from accessing its Supercharger network after reversing the move last week. It’s a confusing situation. Wouldn’t it be useful if we could ask Tesla what is going on? Last year, Tesla blocked access to Supercharging and third-party fast-charging to all salvaged vehicles. It was a big blow to people… Continue reading Tesla again bans salvaged cars from Supercharger network in confusing situation

Astronauts Alarmed by Huge Fires on Surface of Earth

“We’ve been very saddened to see fires over huge sections of the Earth, not just the United States.” Earth in Flames It’s no secret that our planet is literally and figuratively on fire right now. In fact, some wildfires are so large that they can now easily spotted from space — an unfortunate perspective of what may… Continue reading Astronauts Alarmed by Huge Fires on Surface of Earth

India: PE-backed Manjushree Technopack to buy Classy Kontainers

The proposed acquisition will help MTL consolidate its position in the market. MTL will have access to all production units of Classy Kontainers located in five cities and serve the latter’s existing clientele in the paints, adhesives, speciality chemicals and FMCG segments. With over 40 years of packaging expertise in India, MTL caters to the… Continue reading India: PE-backed Manjushree Technopack to buy Classy Kontainers

How Google’s self-driving car project accidentally spawned its robotic delivery rival

Nuro doesn’t have a typical Silicon Valley origin story. It didn’t emerge after a long, slow slog from a suburban garage or through a flash of insight in a university laboratory. Nor was it founded at the behest of an eccentric billionaire with money to burn. Nuro was born — and ramped up quickly —… Continue reading How Google’s self-driving car project accidentally spawned its robotic delivery rival

Here’s what the inevitable friendly neighborhood robot invasion looks like

In early 2021, a Nuro autonomous delivery vehicle pulled to a halt at a four-way stop in its hometown of Mountain View, California to let a user cross. This seemingly humdrum moment quickly looked like a decidedly science fiction storyline — the user was a small sidewalk robot from another startup on its own mission.… Continue reading Here’s what the inevitable friendly neighborhood robot invasion looks like