Neurosensum, a Singapore-based neuroscience and AI-based consumer research firm, has secured about $1 million in a pre-Series B funding round to push business expansion, especially in the US and India, according to the company’s CEO Rajiv Lamba. The startup has raised about $4.6 million to date from Alpha JWC Ventures, SIG China [SIG Asia Investments],… Continue reading SG’s Neurosensum raises pre-Series B round to push expansion plans
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KKR-backed WebMD to acquire ASX-listed SaaS firm Limeade
ASX-listed Limeade said on Friday it will be acquired by WebMD in an all-cash deal with an enterprise value of A$112 million ($75.21 million). Shareholders of the U.S.-based software-as-a-service firm will receive A$0.425 per share from WebMD, a premium of 325% to Limeade’s last closing price. After the acquisition is completed, Limeade will become a… Continue reading KKR-backed WebMD to acquire ASX-listed SaaS firm Limeade
US crackdown on Coinbase, Binance puts crypto exchanges on notice
Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world’s largest crypto exchanges, for allegedly breaching its rules. The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities and which should… Continue reading US crackdown on Coinbase, Binance puts crypto exchanges on notice
GM, like Ford, will collaborate with Tesla to share Tesla’s fast-charging EV network
General Motors is partnering with electric vehicle making rival, Tesla, to integrate the North American Charging Standard (NACS) connector design into its EVs beginning in 2025. CEO Mary Barra made the announcement about 4:30 p.m. Thursday during a Twitter Spaces talk she hosted with Tesla CEO Elon Musk, who also owns Twitter. “You have our… Continue reading GM, like Ford, will collaborate with Tesla to share Tesla’s fast-charging EV network
GM to invest $500M in Texas plant that makes gasoline-powered big SUVs
General Motors continues to invest in the big gasoline-powered vehicles that deliver wide profit margins that fund the automaker’s transition to all electric cars in the next decade. On Thursday, GM said it will invest $500 million in its Arlington Assembly plant in Texas to upgrade the facility to build the next generation of full-size… Continue reading GM to invest $500M in Texas plant that makes gasoline-powered big SUVs
Toyota invests in Michigan to build new facility, educate kids
Toyota Motor North America is making two investments in Michigan: One is to build a new battery lab and the other funds a program that will give kids hands-on experience with science, technology, engineering and math (STEM) studies for careers in the auto industry. On Thursday, Toyota said it will invest $50 million to build… Continue reading Toyota invests in Michigan to build new facility, educate kids
GM’s Electric Vehicles Will Use Tesla’s Charging Network
General Motors on Thursday said it had reached a deal that would allow its electric vehicles to use Tesla’s extensive charging network. G.M. also said its future battery-powered models would use the charging plug standard pioneered by Tesla. The announcement, which came two weeks after Ford struck a comparable agreement, is likely to make Tesla’s… Continue reading GM’s Electric Vehicles Will Use Tesla’s Charging Network
24 Hours of Le Mans: 100 Years of Endurance and Innovation
This year marks the 100th anniversary of the 24 Hours of Le Mans, which was first held in May 1923 to help spur innovation in the growing automotive industry by emphasizing not just speed, but also efficiency, reliability and endurance. “It is a very demanding race, and the greatest race,” said Tom Kristensen, who has… Continue reading 24 Hours of Le Mans: 100 Years of Endurance and Innovation
At 24 Hours of Le Mans, Toyota Faces New Challengers
For the first time since 2017, the 24 Hours of Le Mans in France will feature a handful of cars from the major automakers this weekend, competing for the top prize. Toyota, which has won the last five years as the only big automaker, now faces a crowded field. Fighting for overall victory will also… Continue reading At 24 Hours of Le Mans, Toyota Faces New Challengers
At 24 Hours of Le Mans, NASCAR Is Out of Its Element
When the possibility of a NASCAR Cup Series car competing in the 24 Hours of Le Mans endurance race was first discussed two years ago, there was some surprise. “I talked to a few people, traditional sports-car folks and traditional racing folks, and when I told them about the project, they were scratching their head… Continue reading At 24 Hours of Le Mans, NASCAR Is Out of Its Element