Amazon’s household robot is exactly what I expected, but it’s not what I wanted and it definitely isn’t what anyone asked for. Instead of a multitasking mimicry of me that can empty the dishwasher, pick up my kids’ shoes, feed the dog, and clean the house, Amazon’s first attempt at a home bot is simply… Continue reading Amazon Astro review: too much Alexa, not enough arms
Category: Tech News
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Apple’s digital state ID cards are now available for Maryland residents
Apple’s Wallet app now supports Maryland state IDs and driver licenses, marking it as the second state after Arizona to gain the digital identification feature (via MacRumors). Residents of the Free State can now use their iPhone or Apple Watch at certain TSA checkpoints at participating airports, including Baltimore / Washington International and Reagan National.… Continue reading Apple’s digital state ID cards are now available for Maryland residents
Carlyle buys Shanghai-based cosmetic packaging firm HCP …
Carlyle Group has bought HCP Packaging, a global cosmetic packaging company from Barings Private Equity Asia, the companies said in a statement on Thursday. HCP is headquartered in Shanghai and has 10 production and manufacturing facilities around the world and more than 250 clients, the statement said. Its customers include Estee Lauder, L’Oreal and Shiseido,… Continue reading Carlyle buys Shanghai-based cosmetic packaging firm HCP …
China’s Alibaba beats revenue estimates as lockdowns spur online demand
Alibaba Group Holding Ltd on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in China offset weakness at its main marketplaces caused by the country’s COVID-19 lockdowns. U.S.-listed Alibaba shares, which have lost roughly a third of their value so far this year, were up about… Continue reading China’s Alibaba beats revenue estimates as lockdowns spur online demand
Chinese tech firms forced into ‘blood listings’ as capital dries up
A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions from harsh COVID-19 restrictions. Public offerings at… Continue reading Chinese tech firms forced into ‘blood listings’ as capital dries up
India Digest: Riverwalk launches fund; Innoviti raises more capital from FMO
Riverwalk Holdings, an early-stage India-focused venture capital fund, has announced the launch of a new fund while Innoviti Payment Solutions has raised additional capital from existing investor FMO. Riverwalk Holdings launches new fund Riverwalk Holdings has announced the launch of its Rs 150 crore ($19.3 million) fund anchored by Singapore-based Thakral Group. The vehicle also… Continue reading India Digest: Riverwalk launches fund; Innoviti raises more capital from FMO
Pony.ai’s license to test autonomous vehicles with safety drivers in California is revoked
Pony.ai, an autonomous vehicle startup based in Silicon Valley and Guangzhou, China, is no longer able to test its vehicles in California after the state’s Department of Motor Vehicles revoked the company’s license for “numerous” safety violations. The news was first reported by TechCrunch. The issue is that the company’s workforce of safety drivers are… Continue reading Pony.ai’s license to test autonomous vehicles with safety drivers in California is revoked
MetaKing Studios Raises $15M in Seed Funding
MetaKing Studios, a NYC-based maker of MMO grand strategy games built on Web3, raised $15M in seed stage funding. Backers included Makers Fund and BITKRAFT Ventures, as well as Delphi Digital, Animoca Brands, Shima Capital, WW Ventures, Spartan Group, Huobi Ventures and others. The company intends to use the funds to accelerate development on its flagship strategy MMO game BLOCKLORDS, launching in early access this… Continue reading MetaKing Studios Raises $15M in Seed Funding
Tesla delivers Megapacks to new Bitcoin mining facility
Tesla has delivered four Megapacks to a giant new Bitcoin mining facility in Texas that is going to be the first to be powered by the automaker’s solar and batteries. Last month, the project was announced as a partnership between Tesla, Blockstream, and Jack Dorsey’s Blocks (formerly Square). The idea is to build a new… Continue reading Tesla delivers Megapacks to new Bitcoin mining facility
Joby Aviation inches closer to getting full government approval for its electric air taxis
Joby Aviation, a leading electric aviation company based in Northern California, announced that it has received its first certification from the Federal Aviation Administration (FAA). The agency awarded the company with a Part 135 Air Carrier Certification, which Joby will need to operate an on-demand air taxi service. The certification was awarded ahead of schedule,… Continue reading Joby Aviation inches closer to getting full government approval for its electric air taxis