Remember when Nvidia’s CEO warned yesterday that buying Arm might take “longer than initially thought,” but that it was no big deal and “not one particular delay”? It sure sounds like a big deal as of today: on Friday, the UK’s Competition and Markets Authority (CMA) has recommended a Phase 2 investigation, because it’s worried… Continue reading ‘Nvidia controlling Arm could create real problems,’ UK regulator concludes
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Delisted from NYSE, China Telecom jumps 34% in Shanghai debut …
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in the world’s biggest stock listing so far this year. Shares of the Chinese telecom giant, which is blacklisted by the U.S. government due to alleged links to the Chinese military, opened 5.7% higher and rose as much as the… Continue reading Delisted from NYSE, China Telecom jumps 34% in Shanghai debut …
China said to be pushing US IPO-bound firms to hand over management of data
Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want US stock listings, sources said, as part of Beijing’s unprecedented scrutiny on private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls’ data could effectively… Continue reading China said to be pushing US IPO-bound firms to hand over management of data
Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures
Uber Technologies has acquired HKTaxi, a mobile app that connects taxi drivers with riders in Hong Kong, to couple the firm’s local knowledge and engineering strength with its global R&D and operational capabilities, the ride-hailing giant announced on Friday. The acquisition will not have any immediate impact on drivers or riders using the HKTaxi or… Continue reading Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures
Bird shows improving scooter economics, long march to profitability
Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught unless a number of scenarios all work out, in concert and without a glitch. Bird, well-known for its early battles with domestic rival Lime, is… Continue reading Bird shows improving scooter economics, long march to profitability
Don’t overthink it: Elon Musk’s Tesla Bot is a joke
After a dense presentation about the undeniably impressive work Tesla is doing with AI, the company’s self-anointed Technoking, Elon Musk, capped the evening by bringing out a dancer in a spandex suit. Behold, said Musk: my Tesla Bot. The dancer in the suit, he said, was the model for a new humanoid robot Tesla will… Continue reading Don’t overthink it: Elon Musk’s Tesla Bot is a joke
China mulls requiring US IPO hopefuls to hand over their data amid a crack down on overseas listings, report says
Great Hall of the People in Beijing, China. Du Yang/China News Service via Getty Images) Regulators in Beijing mull requiring companies looking to go public in the US to hand over their data, Reuters reported. The information will be monitored by third-party firms, preferably state-backed. Regulators believe this will limit the chances Chinese companies will… Continue reading China mulls requiring US IPO hopefuls to hand over their data amid a crack down on overseas listings, report says
Elon Musk says you will probably be able to overpower Tesla’s 125-pound humanoid robot
Elon Musk revealed Tesla’s humanoid robot at the company’s AI Day on Thursday. Musk joked that the bot will be built so that humans can “run away” and “most likely overpower” it. The ‘Tesla bot’ will be 5ft. 8in., weigh 125 pounds, and be able to carry 45 pounds, he said. Loading Something is loading.… Continue reading Elon Musk says you will probably be able to overpower Tesla’s 125-pound humanoid robot
A founding member of Tesla just took an electric-truck startup public in a $2 billion deal. Here’s how he sold FedEx and UPS on his tech.
Xos Trucks is an electric-truck startup in Los Angeles. The company has attracted high-profile customers such as UPS and FedEx. CTO Rob Ferber explained the secret to the company’s growth and getting deals. Electric-truck developer Xos Trucks, which went public today through a SPAC reverse merger, uses a simple formula to attract new customers and… Continue reading A founding member of Tesla just took an electric-truck startup public in a $2 billion deal. Here’s how he sold FedEx and UPS on his tech.
Elon Musk unveils ‘Tesla Bot,’ a humanoid robot that would be made from Tesla’s self-driving AI
Elon Musk said during Tesla’s AI Day on Thursday that the company planned to build a humanoid robot. The CEO said Tesla hoped to develop a prototype for the “Tesla Bot” by next year. It would use the same AI systems that help power the company’s Full Self-Driving system. Loading Something is loading. Tesla CEO… Continue reading Elon Musk unveils ‘Tesla Bot,’ a humanoid robot that would be made from Tesla’s self-driving AI