Xurya, a Jakarta-based startup that develops rooftop solar panels for businesses and industries in Indonesia, has announced raising additional Series A funding from Mitsui & Co and Surya Semesta Internusa (SSIA). According to ACRA filings accessed by DealStreetAsia – DATA VANTAGE, Xurya raised $6.5 million in additional equity funding and another $5 million in convertible… Continue reading Indonesian solar startup Xurya raises $11.5m more in Series A fundingThe additional funding was in the form of equity and convertible note agreement
Category: Tech News
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China’s YMTC denies report it took part in meetings on US chip restrictionsExperts say the sanctions will pose a major hurdle for China’s domestic chi…
Chinese chip maker Yangtze Memory Technologies Co (YMTC) Ltd denied a media report that it had participated in emergency meetings convened by China’s industry ministry to discuss the impact of U.S. sanctions. The company in a statement late on Thursday described the report as “false and sinister,” adding that the report had damaged its corporate image and would have serious adverse effects on the semiconductor industry environment at… Continue reading China’s YMTC denies report it took part in meetings on US chip restrictionsExperts say the sanctions will pose a major hurdle for China’s domestic chi…
Singapore BNPL players launch code of conduct to protect consumers
The Singapore FinTech Association (SFA) and eight industry players have launched a code of conduct that outlines the best practices to protect consumers in the city-state against over-indebtedness. Among others, the code of conduct states that customers cannot have over S$2,000 in outstanding payments with a “buy now, pay later” (BNPL) provider, unless they pass… Continue reading Singapore BNPL players launch code of conduct to protect consumers
India: Walmart-backed PhonePe said to be in talks to raise funds at $12b valuation
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on Friday, citing people aware of the matter. U.S. private equity group General Atlantic is likely to lead the round with an investment of $450 million… Continue reading India: Walmart-backed PhonePe said to be in talks to raise funds at $12b valuation
US weighs security reviews for Musk’s Twitter, Starlink deals
Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc and SpaceX’s Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter. The SpaceX chief in recent times has taken to Twitter to announce proposals to… Continue reading US weighs security reviews for Musk’s Twitter, Starlink deals
Twitter denies reports about huge layoffs post-takeover
Twitter Inc on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company. Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan… Continue reading Twitter denies reports about huge layoffs post-takeover
Clean Technica: Elon Musk’s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It?002329
The narrative surrounding Tesla’s recent third quarter earnings mostly centered on demand, as the automaker missed expectations for vehicle deliveries. After all, “the company has navigated production hiccups and ongoing supply-chain challenges,” reports the Wall Street Journal. Digging deeper though, WSJ confesses, “Mr. Musk’s on-again, off-again pursuit of Twitter Inc. also has weighed on the car… Continue reading Clean Technica: Elon Musk’s Pending Purchase of Twitter Weighs Heavy on Tesla — But Should It?002329
Clean Technica: Tesla To Build 1,000 GWh Of Battery Cells Domestically, Over Double Entire World’s 2022 Output002328
After listening to the Q3 Tesla earnings call, there was one thing I noticed that Elon repeated 3 times, and it was the first time I’ve heard him say it. It is that Tesla plans to make a 1,000 GWh of batteries a year, vertically integrated, domestically. Let’s break down what that means: Tesla just… Continue reading Clean Technica: Tesla To Build 1,000 GWh Of Battery Cells Domestically, Over Double Entire World’s 2022 Output002328
China Successfully Tests Hyperloop-Like Train Inside a Vacuum Tube
Suck it, Elon Musk. Vactrain China claims to have become the first country in the world to successfully carry out tests on a Hyperloop-style, magnetically levitated train inside a vacuum tube — or “vactrain” for short — according to a report from state-run newspaper China Daily. Researchers tested the train along a roughly 1.25-mile track… Continue reading China Successfully Tests Hyperloop-Like Train Inside a Vacuum Tube
AI That Generates Music from Prompts Should Probably Scare Musicians
It’s seriously impressive tech. Royalty-Free Musicians, we have some bad news. AI-powered music generators are here — and it looks like they’re gunning for a strong position in the content-creation industry. “From streamers to filmmakers to app builders,” claims music generating app Mubert AI, which can transform limited text inputs into a believable-sounding composition, “we’ve… Continue reading AI That Generates Music from Prompts Should Probably Scare Musicians