Category: Tech News

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Meta says 50,000 people were targeted by ‘surveillance for hire’ companies

Meta has banned seven “surveillance for hire” companies that targeted at least 50,000 people around the world. The company also banned more than 1,000 accounts associated with these companies. The companies targeted in the takedowns include Cobwebs, Cognyte, Black Cube, Bluehawk CI, BelltroX and Cytrox. Facebook’s security researchers also identified “an unknown entity in China,”… Continue reading Meta says 50,000 people were targeted by ‘surveillance for hire’ companies

GLP partners two Chinese state-backed firms to launch logistics fund …

Global logistics real estate investor GLP has partnered with Chinese state-owned insurer China Life and agribusiness player China Co-Op Group to set up a modern logistics industry fund with a debut size of nearly 3 billion yuan ($471 million).  The fund, dubbed GLP Co-Op Development Fund, targets to raise up to 20 billion yuan ($3.14… Continue reading GLP partners two Chinese state-backed firms to launch logistics fund …

Global private equity firm TPG submits paperwork for New York listing …

Private equity firm TPG has submitted paperwork for an initial public offering in the United States, according to a regulatory filing on Thursday, as it seeks to better compete with its publicly traded peers. Fort Worth, Texas-headquartered TPG, which did not reveal the number of shares it plans to sell or the indicative price range, is known for… Continue reading Global private equity firm TPG submits paperwork for New York listing …

Indonesia’s SWF prioritises good governance, open to investing in unicorns

Premium Indonesia Investment Authority (INA), the country’s newly-established sovereign wealth fund, is prioritising a good governance framework at the core of its investment strategy, a top executive said. INA’s chief risk officer Marita Alisjahbana told DealStreetAsia, in an interview, “everything needs to go through a real process. There are many [targets], of course, to get… Continue reading Indonesia’s SWF prioritises good governance, open to investing in unicorns

The Philippines is grabbing investor interest but can it deliver? Watch the full video here

As entrepreneurs and investors bet on the rapid rise of the Philippines digital consumer base and the large unbanked population, the SE Asian country’s startup ecosystem is bustling with activity. “[Philippine] startups are scaling, they’re demonstrating the ability to monetise, to go commercial, and investors, local and global, are taking notice,” said Minette Navarrete, vice-chairman… Continue reading The Philippines is grabbing investor interest but can it deliver? Watch the full video here

PE firm Ares Management raises $2.2b for climate infrastructure investment

Los Angeles-based private equity firm Ares Management Corp said on Thursday it has raised $2.2 billion to invest in infrastructure businesses operating in the renewable energy, energy efficiency, and energy storage sectors. Ares said it raised $1.4 billion for its inaugural Ares Climate Infrastructure Partners Fund, and an additional $800 million in managed accounts that will be deployed alongside the… Continue reading PE firm Ares Management raises $2.2b for climate infrastructure investment

Longtime GM exec Dan Ammann is out as Cruise CEO

Cruise CEO Dan Ammann is leaving the company, its parent company General Motors said in late afternoon statement. Kyle Vogt, who co-founded the autonomous vehicle company, and was the company’s first CEO will take over the role on an interim basis. Vogt has been serving as Cruise’s president and CTO. Wesley Bush, the former Chairman… Continue reading Longtime GM exec Dan Ammann is out as Cruise CEO

Rivian to invest IPO wealth into new Georgia factory, battery tech

Rivian will use some of the $13.7 billion it raised when it publicly listed its shares to build a second factory in Georgia that has double the capacity of its plant in Illinois. The company, which made the announced Thursday as part of its first earnings report, said the funds will be used to expand… Continue reading Rivian to invest IPO wealth into new Georgia factory, battery tech

Waymo says self-driving car that struck pedestrian in San Francisco was in manual mode

A Waymo self-driving Jaguar I-Pace that struck a pedestrian in San Francisco on Wednesday evening was in manual mode, the company told TechCrunch in response to an initial report posted on Reddit. Waymo says the vehicle was in manual mode at the time, meaning the human safety driver who was behind wheel was actually driving.… Continue reading Waymo says self-driving car that struck pedestrian in San Francisco was in manual mode