Category: Tech News

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Peloton lowers price of its Bike to $1,495

For the second time in less than a year, Peloton is cutting the price of its entry-level stationary bike. Starting today, you can buy the machine, without any additional extras like cycling shoes, for $1,495. That’s nearly a 20 percent discount from the $1,895 price the company has sold the bike for since September of… Continue reading Peloton lowers price of its Bike to $1,495

T-Mobile hacker says the carrier’s security is ‘awful’

The T-Mobile customer data breach might not have been a sophisticated data breach — in fact, it might have been relatively trivial. The hacker claiming to be responsible for the attack, John Binns, told the The Wall Street Journal in a discussion that T-Mobile’s security was “awful.” Binns reportedly broke through by using a readily… Continue reading T-Mobile hacker says the carrier’s security is ‘awful’

Reddit CEO rejects call for a crackdown on coronavirus misinformation

Reddit is pushing back against calls for the company to do a better job of moderating disinformation. In a thread titled Debate, dissent and protest on Reddit, CEO Steve Huffman said the company would continue to point users to authoritative information from the CDC when dealing with misinformation related to COVID-19. What it won’t do… Continue reading Reddit CEO rejects call for a crackdown on coronavirus misinformation

Elon Musk’s humanoid robot is just another Tesla publicity stunt

[embedded content] Though it makes popular and groundbreaking electric vehicles, Tesla has had a less than stellar track record when it comes to the company’s more ambitious future-facing projects. CEO Elon Musk’s 2019 promise of unleashing a million autonomous “robotaxis” onto America’s streets and highways has failed to materialize while the “full self-driving” technology that… Continue reading Elon Musk’s humanoid robot is just another Tesla publicity stunt

China Deal Review: Unfazed by regulatory action, PE-VC funding rises 11.6% to $7b in July …

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading China Deal Review: Unfazed by regulatory action, PE-VC funding rises 11.6% to $7b in July …

KKR to make first infrastructure investment in NZ, to acquire Ritchies Transport

Global asset manager KKR will acquire New Zealand-based Ritchies Transport Limited as its first infrastructure investment in New Zealand, according to an announcement. KKR is making the investment from its KKR Asia Pacific Infrastructure Fund. Other details of the transaction were not disclosed. The firm said the Ritchie family, which founded Ritchies in 1935, will… Continue reading KKR to make first infrastructure investment in NZ, to acquire Ritchies Transport

LACERS commits to invest up to $50m in Orchid Asia’s $1.6b eighth fund

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo Premium The Los Angeles City Employees’ Retirement System (LACERS) has committed to invest up to $50 million in China-focused private equity fund Orchid Asia VIII, according to the pension’s board meeting document on August 24. Go to Source

Cruise is buying solar energy from California farmers to power its electric, self-driving fleet

Cruise, the self-driving car company under General Motors, has launched a new initiative called Farm to Fleet that will allow the company to source solar power from farms in California’s Central Valley. The San Francisco Chronicle was the first to report the news that Cruise is directly purchasing renewable energy credits from Sundale Vineyards and… Continue reading Cruise is buying solar energy from California farmers to power its electric, self-driving fleet

Lordstown Motors taps former Icahn exec as CEO to put its EV truck ambitions back on track

Lordstown Motors has hired Daniel A. Ninivaggi, a longtime automotive executive and former head of Carl C. Icahn’s holding company, as CEO and a board member. The appointment follows months of tumult at Lordstown, which became publicly traded via a merger with a special purpose acquisition company. In June, founder and CEO Steve Burns and… Continue reading Lordstown Motors taps former Icahn exec as CEO to put its EV truck ambitions back on track