Category: Tech News

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Elliott exited Twitter during second quarter amid takeover talks

Elliott Management, the hedge fund that pushed for big changes at Twitter two years ago, exited the stock during the second quarter, soon after Elon Musk announced plans to buy the social media company, a regulatory filing shows. The filing on Monday, showed that Elliott no longer owned any common stock in Twitter on June 30. It had owned 10 million shares at the end of the first quarter. Twitter‘s shares,… Continue reading Elliott exited Twitter during second quarter amid takeover talks

Tencent stops sales on NFT platform Huanhe as regulator steps up scrutiny

Chinese internet giant Tencent Holdings’ non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country. The Shenzhen-based company said that Huanhe, officially launched early last August, will no longer release new NFTs to users from Tuesday. But the company said that owners of existing collectibles will still be able to hold,… Continue reading Tencent stops sales on NFT platform Huanhe as regulator steps up scrutiny

Elliott Management offloads almost all of SoftBank stake

Activist investor Elliott Management has sold almost all of its remaining shares in SoftBank Group Corp after previously investing as much as $2.5 billion, the Financial Times reported on Tuesday citing unnamed sources. Elliott had already cut back its stake as the shares appreciated, supported by a record buyback programme. The Japanese conglomerate’s portfolio has subsequently been hit… Continue reading Elliott Management offloads almost all of SoftBank stake

Faraday Future reports Q2 earnings – FF 91 deliveries expected by end of 2022

Faraday Future, the California-based EV startup, reported Q2 earnings today with some exciting announcements and key financial updates. Since being founded in 2014, Faraday Future has had a vision of disrupting the auto industry. Yet so far, we have not seen much from Faraday as the company has pushed back the launch of its flagship… Continue reading Faraday Future reports Q2 earnings – FF 91 deliveries expected by end of 2022

China’s Dianxiaomi bags $110m led by Softbank Vision Fund 2, Sequoia ChinaThe latest round brings Dianxiaomi’s total funding this year to $210 million…

China-headquartered global e-commerce SaaS platform Dianxiaomi has raised $110 million in its Series D funding led by SoftBank Vision Fund 2 and Sequoia China, per its announcement on Tuesday. Tiger Global Management, GGV Capital, and Huaxing Growth Capital also participated in the round. The latest round brings Dianxiaomi’s total funding this year to $210 million.… Continue reading China’s Dianxiaomi bags $110m led by Softbank Vision Fund 2, Sequoia ChinaThe latest round brings Dianxiaomi’s total funding this year to $210 million…

Data Vantage: Hedosophia backs majoo; edamama and Pomelo pocket new funding

Secretive venture capital firm Hedosophia was the unnamed lead investor in Indonesian SaaS startup majoo’s $10 million Series A round announced on Monday, regulatory filings showed. The London-based investment firm, whose name is rarely mentioned in its portfolio companies’ funding announcements, invested $5.1 million in the round, according to DealStreetAsia – DATA VANTAGE. Quona Capital,… Continue reading Data Vantage: Hedosophia backs majoo; edamama and Pomelo pocket new funding

Tesla Mistakes Horse and Buggy for Murderous Semi Truck

It’s definitely none of those things. Old Meets New Is it a truck? Is it a van? A new viral video, shared on TikTok, shows a Tesla vehicle getting mightily confused by a white, four-wheeled carriage being pulled by a horse. The electric vehicle’s self-driving software can be seen visibly struggling to cope, flipping between… Continue reading Tesla Mistakes Horse and Buggy for Murderous Semi Truck

Hacker Installs DOOM on John Deere Tractor For Some Reason

“Liberate the tractors!” DOOMy Days Someone hacked a John Deere tractor to make it run DOOM — and we’ve got to admit, it’s pretty based. A hacker who goes by the handle “Sick Codes” unveiled a way to jailbreak John Deeres into playing the iconic 1993 shooter on their digital control displays at this year’s… Continue reading Hacker Installs DOOM on John Deere Tractor For Some Reason

Scientists May Be Able to Fight Global Warming by Supercharging Plankton

“Give me half a tanker of iron, and I’ll give you an ice age.” Bloomin Plankton Scientists are unearthing a decades-old idea that just might make a dent in our fight against climate change, The Daily Beast reports: seeding the planet’s oceans with more phytoplankton, an organism that’s already responsible for producing 50 percent of… Continue reading Scientists May Be Able to Fight Global Warming by Supercharging Plankton