Category: Tech News

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DJI releases two new gimbals and DJI Transmission

Mostly known for its drones, Chinese company DJI has been expanding its reach with offerings for filmmakers in recent years. Last year the company introduced its first new cinema camera, the Ronin 4D. Today, it is announcing and releasing two new gimbals and a DJI Transmission wireless system, all of which are borrowing a few… Continue reading DJI releases two new gimbals and DJI Transmission

US releases new driver-assist crash data, and surprise, it’s mostly Tesla

The federal government released two new reports highlighting — for the first time — crashes and fatalities involving autonomous vehicles (AV) and vehicles equipped with advanced driver-assist systems (ADAS). Tesla reported the most crashes involving driver-assist technology, while Alphabet’s Waymo disclosed the most incidents involving its autonomous vehicles. Car and tech companies insist these technologies… Continue reading US releases new driver-assist crash data, and surprise, it’s mostly Tesla

Return to the office or else? Why bosses’ ultimatums are missing the point

Tom Werner/ GETTY Elon Musk recently gave his employees an ultimatum: get back to the office – or get out. “Anyone who wishes to do remote work must be in the office for a minimum (and I mean minimum) of 40 hours per week or depart Tesla,” the company’s chief executive recently said in a… Continue reading Return to the office or else? Why bosses’ ultimatums are missing the point

Elon Musk says solving self-driving is the difference between Tesla being worth a lot or nothing

Elon Musk made an interesting comment about Tesla’s effort to develop self-driving. The CEO says that solving self-driving is the difference between Tesla being worth a lot of money or almost nothing. Like the rest of the market lately, Tesla’s stock has taken a beating – though even more so than the rest of the… Continue reading Elon Musk says solving self-driving is the difference between Tesla being worth a lot or nothing

Goldman backs Chinese AI robotics firm MegaRobo in $300m funding round …

MegaRobo Technologies, a Chinese firm that applies robotics and artificial intelligence (AI) in life sciences research, has pocketed $300 million in a Series C round of financing. Goldman Sachs’ private investment arm, venture capital (VC) company GGV Capital, and Asia Investment Capital led the round, with participation from Sinovation Ventures, Pavilion Capital, and Starr Capital,… Continue reading Goldman backs Chinese AI robotics firm MegaRobo in $300m funding round …

BP buys into Australia’s mega renewable energy project

BP plc has agreed to buy a 40.5% stake and become the operator of an Australian renewable energy project that could become one of the world’s biggest producers of green hydrogen, the global oil major said, without disclosing how much it paid. The Asian Renewable Energy Hub (AREH) in outback Western Australia would develop up to… Continue reading BP buys into Australia’s mega renewable energy project

Lenovo buys $614m stake in PCCW digital units to push IT services growth

Chinese personal computers maker Lenovo Group is acquiring stakes worth $614 million in two digital units of Hong Kong telecoms firm PCCW Ltd, betting that a post-COVID recovery and hybrid work model will drive IT services demand. Lenovo, the world’s largest maker of personal computers, said in a statement late on Tuesday it will buy an 80%… Continue reading Lenovo buys $614m stake in PCCW digital units to push IT services growth

Baidu in talks to sell majority stake in China’s Netflix-like iQIYI

China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with knowledge of the matter said. Baidu, which owns 53% of iQIYI and holds more than 90% of its shareholder voting rights, plans to… Continue reading Baidu in talks to sell majority stake in China’s Netflix-like iQIYI

Indonesian airline Garuda gets two-day reprieve in debt restructuring vote

Creditors of Garuda Indonesia are set to vote on a restructuring proposal on Friday, a court-appointed administrator said, after the debt-ridden airline was given a two-day delay on holding the vote. On Monday, Garuda asked for the vote, which was initially scheduled for Wednesday, to be postponed as the carrier finalised the restructuring proposal. The… Continue reading Indonesian airline Garuda gets two-day reprieve in debt restructuring vote