Nestled between two hills in Karachi, Pakistan, lies a very different kind of Silicon Valley. Known as Khadda Market, it is one of the many vibrant places that symbolize the city’s charm. From noon to midnight, it is alive with the buzz of crowded restaurants, supplicating panhandlers, weaving motorcycles, and pushy vendors. Many come to… Continue reading Pirates of Khadda Market
Category: Tech News
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Ford CEO calls out Tesla’s Elon Musk over electric pickup lead
Ford CEO Jim Farley has called out Tesla CEO Elon Musk over the Dearborn, Michigan-based automaker’s lead in electric pickup trucks. Musk responded. Do we have a little friendly competition in the electric pickup market? In the auto industry, or any competitive industry really, it is rare that CEOs will directly call each other out… Continue reading Ford CEO calls out Tesla’s Elon Musk over electric pickup lead
Grab announces welfare programme for gig workers, students in SE AsiaThe superapp will also upskill small merchants.
Southeast Asian superapp Grab will continue investing in the region’s talent pool through training and support programmes, CEO Anthony Tan said at an event on Thursday, vowing to ensure the ecosystem becomes sustainable for its partners and workers. As part of these measures, the Singapore-based tech company said it will set up a merchant centre… Continue reading Grab announces welfare programme for gig workers, students in SE AsiaThe superapp will also upskill small merchants.
SEA digest: Atome Financial seals $100m debt facility; Arbor Ventures partners Tokio Marine
Atome Financial has entered into a $100 million debt facility with HSBC Singapore, while Arbor Ventures has teamed up with Tokio Marine to drive digitalisation in the insurance sector. Atome Financial, HSBC Singapore ink $100m debt facility Atome Financial and HSBC Singapore have sealed a $100 million debt facility to support the former’s payments business… Continue reading SEA digest: Atome Financial seals $100m debt facility; Arbor Ventures partners Tokio Marine
HK-based Insilico Medicine raises capital, brings Series D funding to $95m
Insilico Medicine, a clinical-stage artificial intelligence (AI)-driven drug discovery startup, has closed the second tranche of its Series D round led by new investor Prosperity7 Ventures, the diversified growth fund of oil giant Saudi Aramco’s Aramco Ventures. This took Insilico’s Series D fundraising to $95 million, according to a statement on Wednesday. The new funding… Continue reading HK-based Insilico Medicine raises capital, brings Series D funding to $95m
Google Fiber isn’t dead, it’s expanding
Google Fiber, the Alphabet division focused on offering high-speed internet access in the US, has ambitious plans to expand its fiber services in the next three to five years, the company announced in a blog post. It wants to launch fiber services in five new states, which include previously announced plans to enter Arizona and… Continue reading Google Fiber isn’t dead, it’s expanding
The man who built his own ISP to avoid huge fees is expanding his service
Given a choice between settling for pathetically slow internet speeds from AT&T or paying Comcast $50,000 to expand to his rural home, Michigan resident Jared Mauch chose option “C”: starting up his own fiber internet service provider. Now, he’s expanding his service from about 70 customers to nearly 600 thanks to funding aimed at expanding… Continue reading The man who built his own ISP to avoid huge fees is expanding his service
Google’s Search AI now looks for general consensus to highlight more trustworthy results
You know that highlighted piece of text at the very top of a Google search results page when you look up a piece of information? That’s called a “featured snippet,” and it’s meant to provide you with a quick answer to your query. Now, Google is making sure that the information it highlights is reliable… Continue reading Google’s Search AI now looks for general consensus to highlight more trustworthy results
China’s Geek+ closes Intel-backed $100m Series E1 round at over $2b valuationGeek+ had completed a Series D round led by China’s CITIC Private Equity …
Geek+, a China-based developer of autonomous mobile robots (AMRs) for intelligent logistics, has secured $100 million in a Series E1 round of financing, bringing the company’s valuation to over $2 billion. Beijing-based Geek+ raised the new round from investors including Intel Capital, the venture arm of chipmaker Intel Corp, Singapore’s Vertex Growth, and Qingyue Capital… Continue reading China’s Geek+ closes Intel-backed $100m Series E1 round at over $2b valuationGeek+ had completed a Series D round led by China’s CITIC Private Equity …
StradVision Closes $88M Series C Funding
StradVision, a Seoul, South Korea-based AI-based perception processing company for Autonomous Vehicles and ADAS, raised $88M in Series C funding. The round was led by ZF and Aptiv. With this round closed, StradVision now has $129m USD in cumulative funding from the seed round through Series C. The company intends to use the funds to accelerate growth and expand… Continue reading StradVision Closes $88M Series C Funding