Category: Tech News

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GM is halting Bolt EV and EUV production until ‘LG can supply defect-free batteries’

GM confirmed that it is halting Bolt EV and EUV production until “LG can supply defect-free battery cells” for the electric vehicles. For months, we have been reporting on the mounting pressure to have GM recall the Bolt EV after several cars caught on fire while charging. Everything pointed to a similar battery defect as… Continue reading GM is halting Bolt EV and EUV production until ‘LG can supply defect-free batteries’

South Korea’s Kakao Pay cuts IPO target by 6% to $1.3b …

South Korean fintech company Kakao Pay Corp cut its planned initial public offering (IPO) target to up to 1.5 trillion won ($1.29 billion) from a previously announced 1.6 trillion won, it said on Tuesday. The adjustment from the company backed by Chinese e-commerce company Ant Group follows a Financial Supervisory Service (FSS) request for it… Continue reading South Korea’s Kakao Pay cuts IPO target by 6% to $1.3b …

Temasek-owned Aicadium acquires Singapore’s AI software firm BasisAI …

Aicadium, a technology company founded by Temasek Holdings, has acquired Singapore-based artificial intelligence software firm BasisAI, according to a joint statement by the two firms. According to BasisAI’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), its investor Sequoia India and three co-founders – Silvanus Lee, Linus Lee and Liu Feng-Yuan – sold their… Continue reading Temasek-owned Aicadium acquires Singapore’s AI software firm BasisAI …

New Zealand’s Komodo, Pakistan’s Walee bag seed funding

New Zealand-based student well-being platform Komodo has snagged $1.27 million in a seed round led by Folklore Ventures, while Pakistani influencer marketing platform Walee has raised $2.7 million in a seed round from communications firm Z2C. Komodo raises $1.27m in seed funding New Zealand-based student well-being platform Komodo has raised NZ $1.8 million ($1.27 million)… Continue reading New Zealand’s Komodo, Pakistan’s Walee bag seed funding

Japanese venture investor Coral Capital raises $128m for third fund

Tokyo-based venture capital firm Coral Capital, formerly known as 500 Startups Japan, announced that it has reached the final close of its latest venture fund at $128 million. The new fund – Coral Capital III – will continue to invest in seed and early-stage companies in Japan. The vehicle, which will have a longer life,… Continue reading Japanese venture investor Coral Capital raises $128m for third fund

China’s market regulator proposes changes to e-commerce law

China’s market regulator proposed amendments to the country’s e-commerce law, saying that licences can be revoked if the platforms fail to take necessary measures against vendors who infringe intellectual property rights. The former version of the law says the platforms would be fined between 50,000 yuan and 2 million yuan for such offenses. The amendments are open for public review before Oct. 14, the State… Continue reading China’s market regulator proposes changes to e-commerce law

Here’s the robotaxi that will be available on the Lyft app in 2023

Motional, the autonomous vehicle company that is a joint venture between Hyundai and Aptiv, revealed more details about its forthcoming robotaxi as well as some of the first images of the vehicle. The company is also working with Lyft and says that by 2023, customers in certain cities will be able to hail rides in… Continue reading Here’s the robotaxi that will be available on the Lyft app in 2023

VanMoof adds manual gear shifting to S3 and X3 e-bikes

VanMoof has released a firmware update for its S3 and X3 e-bikes that allows for manual gear shifting. If you’re thinking that sounds like a pretty basic feature for a bicycle, you’d be right. But Vanmoof’s latest bikes have fully automatic four-gear shifters, and until now, there was no way to change gears yourself. The… Continue reading VanMoof adds manual gear shifting to S3 and X3 e-bikes

HBO Max and YouTube are now available on Spectrum TV

Spectrum TV has made major streaming service additions to its digital cable service and live TV app with HBO Max and YouTube, parent Charter has announced. You’ll be able to access both apps on channels 2004 for HBO Max and 2003 for YouTube, or on the platform’s guide via the search or apps menu. You’ll… Continue reading HBO Max and YouTube are now available on Spectrum TV