After six months of slow progress, the Senate is closer than ever to instituting new tech antitrust rules — and the industry is fighting harder than ever to bring it down. Sponsored by a bipartisan group including Sen. Amy Klobuchar (D-MN) and Sen. Chuck Grassley (R-IA), the American Innovation and Choice Online Act (AICO) was… Continue reading Tech antitrust is facing its biggest challenge yet in the Senate
Category: Tech News
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Meta is adding social hangouts to the Quest’s VR home space
Meta Quest virtual reality headsets will soon offer an option for hanging out with other people in your homescreen. The v41 Quest update will add a multiuser Horizon Home space, which Meta announced last year at Connect. Horizon Home lets people put on their headsets and immediately invite other Quest users to jump into social… Continue reading Meta is adding social hangouts to the Quest’s VR home space
Saratoga-backed Merdeka Copper bags shareholders’ nod for private placement issue …
Indonesia-listed miner PT Merdeka Copper Gold Tbk has secured shareholders’ approval to issue as much as 2.29 billion new shares, representing 10% of the company’s paid-up capital, for a private placement offering within the next two years, a top executive said. Merdeka Copper Gold president director Albert Saputro said the shareholders have also agreed to… Continue reading Saratoga-backed Merdeka Copper bags shareholders’ nod for private placement issue …
Lightyear says its $263,000 solar-powered car will go into production later this year
EV startup Lightyear revealed its first solar-powered electric vehicle, dubbed Lightyear 0, at an event this week in the Netherlands. The vehicle, which Lightyear describes as production-ready, has 388 miles of range, 44 miles of which are derived from solar power alone. The Lightyear 0 is the product of six years of research and development… Continue reading Lightyear says its $263,000 solar-powered car will go into production later this year
Why Porsche is turning to startup builder UP.Labs to solve its biggest problems
John Kuolt hates the term “incubator” — at least when describing UP.Labs, a new venture that launched this week with inaugural partner Porsche. “It has a connotation that we aren’t,” the CEO and founder of UP.Labs told TechCrunch. So what is UP.Labs beyond the “building transformative companies” tagline on its website? Look closely and some… Continue reading Why Porsche is turning to startup builder UP.Labs to solve its biggest problems
The 5 best standing desk chairs and stools of 2022
Sitting all day can wreak havoc on the body. However, you can alleviate some of these problems with the right ergonomic furniture. Wobble stools work the core and keep the body activated, even when sitting. When used correctly, ergonomic-based active sitting can help keep all those hours at your desk from leaving you aching, twisted,… Continue reading The 5 best standing desk chairs and stools of 2022
Chinese EV maker Nio to make self-developed battery packs from 2024 …
Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla. Nio, plans to start producing an 800-volt battery pack in the second half of 2024, its chairman William Li told… Continue reading Chinese EV maker Nio to make self-developed battery packs from 2024 …
Investors are both eager and uneasy as China signals end of crackdown on tech sector
As Chinese authorities signal that a two-year crackdown on the domestic technology sector is over, global investors are relieved and yet loath to take the government at its word. Foreign investors have been returning to mainland markets since May as its stringent COVID-19 lockdowns ease and after pledges from China’s highest policymakers, including Vice Premier… Continue reading Investors are both eager and uneasy as China signals end of crackdown on tech sector
Rising interest rates spell trouble for Buy Now Pay Later business model
Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. Buy Now Pay Later (BNPL) firms have created one of the fastest-growing segments in consumer finance, with transaction volumes hitting $120 billion in 2021 up from just $33 billion in 2019, according to… Continue reading Rising interest rates spell trouble for Buy Now Pay Later business model
GoTo aims to review spending, optimise expenses to extend runway
Indonesia-listed technology group PT GoTo Gojek Tokopedia (GoTo) is reviewing its spending as part of efforts to extend its runway, according to a top executive, as the group prepares to leave its cash-burning days behind. GoTo President Patrick Cao, in a public expose on Friday, said the technology group has a “very clear path to… Continue reading GoTo aims to review spending, optimise expenses to extend runway