Tesla has reportedly secured a multibillion-dollar deal with Samsung to get new cameras for its self-driving sensor suite. Tesla’s Full Self-Driving (FSD) program relies on cameras to get imagery to feed its neural nets. Unlike most other self-driving programs, the automaker doesn’t use radar and lidar. However, we recently reported on Tesla’s filing with the… Continue reading Tesla secures multibillion-dollar deal with Samsung for new cameras for self-driving
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China’s GF Xinde Investment sets up RMB fund to invest $450m in new energy sector …
GF Xinde Investment, the wholly-owned private equity (PE) investment unit of Chinese investment bank GF Securities, has set up a new RMB-denominated fund to invest 3 billion yuan (almost $450 million) in the new energy industry. The new fund, which recently completed its registration with the Asset Management Association of China (AMAC), counts the country’s… Continue reading China’s GF Xinde Investment sets up RMB fund to invest $450m in new energy sector …
DCP said to have held first close of second China fund at $2.5b
DCP Capital, a private equity (PE) firm that has backed some of China’s biggest companies, including Ping An Insurance and Mengniu Dairy, has reportedly held the first closing of its second China fund at $2.5 billion. With a total fundraising target of $3 billion, DCP Capital Partners II reached the first closing with capital commitments… Continue reading DCP said to have held first close of second China fund at $2.5b
Brompton recalls folding e-bikes over risk of front wheel lockup
If you own a Brompton folding electric bicycle sold between May 2019 and March 2022 you should stop riding it immediately. According to the Consumer Product Safety Commission (CPSC) agency in the US, ten owners of Brompton e-bikes have reported objects getting trapped between the mudguard and front tire causing the wheel to lockup and… Continue reading Brompton recalls folding e-bikes over risk of front wheel lockup
Coinbase may invest in Thailand’s Zipmex after takeover talks fall through …
Coinbase Global Inc has reportedly signed an agreement to invest in Thai crypto trading platform Zipmex, after takeover talks did not come through, per a report on The Block. The report cited sources saying the US-based crypto exchange had intended to acquire Zipmex, but finally ended up with a strategic investment, for which a term… Continue reading Coinbase may invest in Thailand’s Zipmex after takeover talks fall through …
SEA Digest: Orderly Network raises $20m; Metrodata forms JV with CacaFly
Decentralised exchange protocol Orderly Network has raised new funding while Indonesian tech firm Metrodata has formed a new JV with Taiwanese tech firm CacaFly. Orderly Network completes $20m financing round Orderly Network, a permissionless decentralised exchange protocol built on NEAR, raised $20 million in a strategic financing round from various investors, including Three Arrows Capital,… Continue reading SEA Digest: Orderly Network raises $20m; Metrodata forms JV with CacaFly
India Digest: ADIA to buy 20% in IIFL Finance; RIL-Apollo in race to buy Boots pharma
Abu Dhabi Investment Authority (ADIA) has agreed to invest $283 million in non-banking financial company IIFL Finance Limited. In another development, a consortium of Reliance Industries Ltd (RIL) and buyout firm Apollo Global Management Inc has joined the race to acquire Walgreens Boots Alliance Inc’s Boots pharmacy unit in the UK. ADIA to invest $283m… Continue reading India Digest: ADIA to buy 20% in IIFL Finance; RIL-Apollo in race to buy Boots pharma
Weekly roundup: Indonesian startup Biteship gets seed funding and other SE Asia deals
Biteship, an Indonesian e-commerce logistics solution startup, on Friday announced an undisclosed amount of seed funding co-led by East Ventures and Beenext in a bid to increase its headcount and improve technology capabilities. Founded by Mirsa Sadikin and Afra Sausan to help small businesses in the country, Biteship addresses the gap between shipping and warehouse providers… Continue reading Weekly roundup: Indonesian startup Biteship gets seed funding and other SE Asia deals
Dutch development bank FMO to invest $15m in Sahyadri Farms
Dutch development bank FMO will invest about $15 million in India-based Sahyadri Farms Post Harvest Care Ltd (SFPHCL), as part of a funding round led by Belgium-based Incofin, according to a disclosure seen by DealStreetAsia. The company will use the funds to expand capacity in its Nashik processing plant, finance a biomass plant and additional… Continue reading Dutch development bank FMO to invest $15m in Sahyadri Farms
Clean Technica: Tesla Full Self Driving Is Using GPT For Vision — Dr. Know It All Explains What This Means002031
Tesla’s Full-Self Driving is using generative pre-trained transformers (GPT) for vision, Elon Musk tweeted recently. He added that the GPTs are running natively on Tesla TRIP chips versus needing to round trip to iGPU. I think it’s important to take a quick deep dive into this, because this is kind of the heart and soul… Continue reading Clean Technica: Tesla Full Self Driving Is Using GPT For Vision — Dr. Know It All Explains What This Means002031