Russia has already provided a look at the space station it will make after it leaves the ISS — if only a brief one. Reuters reports the country’s Roscosmos space agency has shared a model of the future station (pictured above), nicknamed ROSS by state-controlled media. The orbital facility would launch in two phases, starting… Continue reading Russia previews its post-ISS space station
Category: Tech News
Category Added in a WPeMatico Campaign
Illinois pension fund commits $100m to Baring PE Asia’s eighth buyout fundBaring PE Asia is seeking to raise $8.5 billion for the latest fund.
US pension fund Teachers’ Retirement System (TRS) of the State of Illinois has committed a total of $100 million to Hong Kong-based Baring Private Equity Asia’s eighth pan-Asia buyout fund, according to an announcement. The commitment includes $75 million for Baring Asia Private Equity Fund VIII and another $25 million for Baring Asia Private Equity Fund… Continue reading Illinois pension fund commits $100m to Baring PE Asia’s eighth buyout fundBaring PE Asia is seeking to raise $8.5 billion for the latest fund.
Vietnam’s Pharmacity replaces founder Chris Blank from post of legal representative
Vietnamese retail chain Pharmacity has replaced its founder Christopher Randy Stroud — also known as Chris Blank — as legal representative of the firm. He has been replaced by director Nguyen Nhu Nam, per a regulatory filing seen by DealStreetAsia. Nam is understood to be an investment manager from South Korea’s SK Group, one of… Continue reading Vietnam’s Pharmacity replaces founder Chris Blank from post of legal representative
Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Xiangdao Chuxing, the ride-hailing service backed by China’s largest carmaker, completed a 1 billion yuan ($148 million) fundraising that brings in an autonomous driving startup as new investor, the company said Monday. The latest funding round valued SAIC Motor Corp.-affiliated Xiangdao at $1 billion. Largest shareholder SAIC Motor, self-driving company Momenta and Gaohang (Tianjin) Management… Continue reading Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Helbiz reports revenue increase but dwindling cash reserves
Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The company reported its second-quarter earnings Monday after the bell. The startup was the first scooter operator to go public via the SPAC route, and many in the industry wish it wasn’t… Continue reading Helbiz reports revenue increase but dwindling cash reserves
Bird burns $310M but sees revenue bounce back
Shared micromobility company Bird has had a tumultuous second quarter. The company announced plans to dismantle its retail business, shut down operations in unprofitable markets, had a corporate shakeup involving Bird’s CEO Travis VanderZanden stepping down as president, laid off close to 140 employees and got a warning from the New York Stock Exchange for… Continue reading Bird burns $310M but sees revenue bounce back
Tesla (TSLA) still dominates US electric car market with 68% market share
Tesla is still dominating the US electric car market, now with a 68% market share. This share is going down as more EVs hit the market. But, the decline is slow and the automaker is increasing its US delivery volumes. For years now, Tesla has dominated the electric auto market in its home country. It… Continue reading Tesla (TSLA) still dominates US electric car market with 68% market share
Tesla releases new picture of its upgraded supercomputer – one of the best in the world
Tesla has released a new picture of its upgraded supercomputer, which is now believed to be the seventh most powerful computer in the world by GPU. For years now, Tesla has been teasing the development of a new supercomputer in-house optimized for neural net video training. Tesla is handling an incredible amount of video data… Continue reading Tesla releases new picture of its upgraded supercomputer – one of the best in the world
We tested Tesla Full Self-Driving Beta in the Blue Ridge Mountains, and it was scary
We tested Tesla Full Self-Driving (FSD) Beta in the Blue Ridge Mountains in North Carolina, and it was a scary experience. FSD Beta enables Tesla vehicles to drive autonomously to a destination entered in the car’s navigation system, but the driver needs to remain vigilant and ready to take control at all times. Since the… Continue reading We tested Tesla Full Self-Driving Beta in the Blue Ridge Mountains, and it was scary
New App Rents a Whole Electric Car for $500 Per Month
They already ordered almost half a billion dollars’ worth of Teslas. EV Monthly It’s no secret that it’s hard to get your hands on an electric vehicle these days. Global supply chain shortages have shaken the automotive industry to its core, and it’s not uncommon to wait months or even years to actually get the… Continue reading New App Rents a Whole Electric Car for $500 Per Month