Autonomous vehicle company Pony.ai is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technical prowess in building heavy-duty trucks to build automotive-grade self-driving trucks with Level 4 autonomy,… Continue reading Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Category: Tech News
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Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand
For the second quarter of 2022, Samsung has reported a consolidated revenue of KRW 77.2 trillion (US$59.4 billion), which is a record high for the quarter ending on June 30th. Samsung’s operating profit also reached KRW 14.1 trillion (US$10.8 billion) — that’s 12 percent higher from the same period a year earlier and is its… Continue reading Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand
Kingsoft Cloud latest China firm to seek Hong Kong dual primary listingAlibaba is also seeking to convert its secondary listing in HK to a dual primar…
Cloud computer firm Kingsoft Cloud has filed documents for a dual primary listing in Hong Kong, becoming the latest Chinese company to seek a diversified listing in the Asian financial hub. The New York-listed firm filed its initial prospectus with the Hong Kong Stock Exchange late on Wednesday to press ahead with the listing, which… Continue reading Kingsoft Cloud latest China firm to seek Hong Kong dual primary listingAlibaba is also seeking to convert its secondary listing in HK to a dual primar…
ABC Impact anchors $42m Series D funding in ASD platform Da Mi & Xiao Mi
ABC Impact, the Singapore-headquartered private equity (PE) firm backed by Temasek, announced that it has anchored the $42-million Series D funding in Da Mi & Xiao Mi, a Chinese intervention platform for children diagnosed with Autism Spectrum Disorder (ASD). The funding round also saw the participation of PE and venture capital firm Grand Flight Investment.… Continue reading ABC Impact anchors $42m Series D funding in ASD platform Da Mi & Xiao Mi
Data Vantage: Intel Capital backs Biofourmis, Carousell-Heliconia acquire Laku6
Healthtech unicorn Biofourmis received nearly $20 million this week from Intel Capital as part of a $300 million Series D round announced in April. The startup had earlier received $20 million from venture capital firm Openspace Ventures earlier this year as part of the same round. Intel Capital’s capital injection brings Biofourmis’s Series D equity… Continue reading Data Vantage: Intel Capital backs Biofourmis, Carousell-Heliconia acquire Laku6
Clean Technica: Software & You: Who Actually Owns That New Car You Are Driving?002134
Elon Musk and Tesla have been the prime movers in bringing over-the-air updates to cars. They are part of the “car as computer on wheels” movement that began in earnest when the Tesla Model S first went on sale. There’s a lot to like about connectivity. It allows manufacturers to push new software to cars… Continue reading Clean Technica: Software & You: Who Actually Owns That New Car You Are Driving?002134
Clean Technica: VW ID. Buzz — How Much Consumer Demand Is There? (Plus: Automaker EV Sales Trends, Herbert Diess)002133
For our new CleanTech RoundTalk, Jo Borras, Steve Hanley, and I sat around CleanTechnica‘s pineapple-infused sparkling-water cooler to discuss a couple of the hottest EV news stories of last week. One of those stories was the release of UK pricing for the Volkswagen ID. Buzz. The Buzz is … not cheap. The price of the… Continue reading Clean Technica: VW ID. Buzz — How Much Consumer Demand Is There? (Plus: Automaker EV Sales Trends, Herbert Diess)002133
Scientists Puzzled by Strange Row of Holes on Ocean Floor
What in the world? Hole Story Over the weekend, a team of National Oceanic and Atmospheric Administration (NOAA) ocean explorers came across something seriously unsettling lining the Mid-Atlantic ocean floor: a series of holes dug into the sandy seabed at seemingly regular intervals, as seen in footage taken by the NOAA’s remotely operated submarine. “These holes… Continue reading Scientists Puzzled by Strange Row of Holes on Ocean Floor
Jupiter’s Moons Accused of Sucking Up the Planet’s Rings
Talk about the vacuum of space! Left Out Have you ever wondered why Saturn has those giant, gorgeous rings, while the even larger Jupiter doesn’t? They’re both neighboring gas giants, so what’s the deal? You wouldn’t be the first, and scientists now think they know the answer. The lack of rings, according to a new… Continue reading Jupiter’s Moons Accused of Sucking Up the Planet’s Rings
Amazon employees in Illinois file federal complaint over workplace racism
On Wednesday, former Amazon employee Tori Davis and 25 other workers filed complaints with the Equal Employment Opportunity Commission (EEOC) alleging the company forced them to work in a dangerous environment, reports the Chicago Tribune. Davis raised concerns about Amazon’s handling of a racist death threat, and claims the retailer fired her after she threatened… Continue reading Amazon employees in Illinois file federal complaint over workplace racism