Category: Tech News

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SoftBank to borrow $4b from PE giant Apollo Global-led group

SoftBank Group Corp is borrowing nearly $4 billion from a group led by private equity giant Apollo Global Management Inc, a source familiar with the matter said, as the conglomerate looks to increase cash on hand after its finances came under pressure. The loan, to be secured by SoftBank‘s $40 billion Vision Fund 2, is expected to… Continue reading SoftBank to borrow $4b from PE giant Apollo Global-led group

SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m

India: Online grocery startup Zepto raises $100m at $570m valuation

Zepto, an instant grocery delivery startup headquartered in India’s financial capital Mumbai, has secured as much as $100 million in a funding round led by Y Combinator. The investment has pegged the valuation of the startup at $570 million within five months of starting services in the country’s fast-growing quick commerce segment. Zepto, founded by… Continue reading India: Online grocery startup Zepto raises $100m at $570m valuation

Patreon CPO says the company will double in size in 2022

Creator monetization startups are cropping up left and right as the tech world embraces the fast-growing creator economy. But Patreon, founded in 2013, has been around since before words like “influencer” were in our vocabulary — back when “Tik Tok” was a Kesha song, rather than the social platform that everyone is trying to emulate.… Continue reading Patreon CPO says the company will double in size in 2022

White House says it will set up a website to distribute 500 million free COVID tests

President Biden said today that Americans will soon be able to order free COVID tests from a government-run website, which is not yet available. “We’ll have websites where you can get them delivered to your home,” he said of the 500 million at-home tests the government is purchasing to combat the Omicron surge. Details on… Continue reading White House says it will set up a website to distribute 500 million free COVID tests

2022 technology trend review, part two: AI and graphs

AI has many manifestations, ranging from hardware to applications in domains such as healthcare, and from futuristic models to ethics metamorworks — Shutterstock In the spirit of the last couple of years, we review developments in what we have identified as the key technology drivers for the 2020s in the world of databases, data management… Continue reading 2022 technology trend review, part two: AI and graphs

Tesla Model Y achieves highest possible IIHS safety rating

The Insurance Institute for Highway Safety (IIHS), the main independent organization that conducts crash tests on vehicles in the US, released the result of its latest tests on the Tesla Model Y and confirmed that it achieved the highest possible safety rating. Tesla and safety While Tesla is known for being a technology-forward automaker and emphasizing the… Continue reading Tesla Model Y achieves highest possible IIHS safety rating

Tesla secures another order of electric semi trucks

Tesla has secured another order of Tesla Semi trucks, its upcoming electric class 8 semi trucks. Karat Packaging announced in a press release that it ordered 10 Tesla Semi trucks. The Tesla Semi has been delayed several times, but it now appears to be close to production, and the automaker is still accumulating orders. Tesla… Continue reading Tesla secures another order of electric semi trucks

Tesla is rumored to be behind giant deal to bring LFP battery cell production to the US

Chinese battery cell manufacturer Gotion High-Tech confirmed that it entered into a very important deal to supply LFP battery cells to an unnamed “large US automaker” and partner with that automaker to deploy US production of LFP battery cells. Tesla is rumored to be that unnamed automaker. Currently, there is no US production of iron… Continue reading Tesla is rumored to be behind giant deal to bring LFP battery cell production to the US