Late last month, we wrote about VinFast after the new Vietnamese electric vehicle (EV) tech startup made its push into the US market. VinFast is a subsidiary of Vingroup, Vietnam’s largest conglomerate founded by Vietnam’s richest man Phạm Nhật Vượng. […]
Commission-free stock and trading app Robinhood is laying off 780 staff, about 23% of its total workforce. The layoffs followed a previous round of layoffs that the company announced in April, which saw 9% of its people (~342 people) out of jobs. […]
The Federal Aviation Administration (FAA) has awarded a task order contract to the New York UAS Test Site (NYUASTS) for the next uncrewed aircraft systems (UAS or drone) integration project to help advance the reality of safe, high-volume drone operations, […]
Crypto exchange Coinbase has partnered with the world’s largest asset manager BlackRock to offer direct access to bitcoin to some institutional clients. The partnership further shows that the ongoing crypto bear market has done little to stop investors’ interest in […]
In the past three years, over 80% of producers recorded an unexpected downtime in manufacturing leading to an hourly cost of up to $260.000, according to a recent report from Aberdeen Research. The situation is even direr in the industrial sector. Now, […]
Michael Saylor is leaving his role as CEO of MicroStrategy to become Executive Chairman of the company, according to a statement released this afternoon. MicroStrategy’s president, Phong Le, will become the company’s new CEO. Saylor founded MicroStrategy in 1989 with his […]
If you are a regular audience of this platform, you’ve probably read our article about the conspiracy theory and erroneous claim that 5G networking equipment weakens the immune system. That claim has since been debunked. Over the years, the development […]
Robinhood is in trouble with government regulators again. The commission-free trading app found itself in hot water after the New York State’s financial regulator fined the crypto unit of Robinhood $30 million for alleged violations of anti-money-laundering, cybersecurity, and consumer protection […]
On August 17, 2020, The Italian Supervisory Authority (SA) banned the use of Google Analytics, ruling that it was non-compliant with EU data protection rules. They banned the popular analytics tool, finding that the protections Google applied were not sufficient to […]
Electric heavy truck maker Nikola Motors announced on Monday it has agreed to buy energy storage technology company Romeo Power for $144 million as part of its effort to secure control of critical battery pack engineering and production process, giving the Tesla rival control […]
Creating robots is hard and challenging. Most roboticists will tell you that it took years before the last robot they built or programmed was any good at performing a specific task. So to avoid reinventing the wheels, most robotic companies typically begin […]
In April, Chinese self-driving tech startup Pony.ai received a taxi license in China to become the first autonomous driving taxi company in the country. The startup said it was awarded a license to operate 100 driverless vehicles in the Guangzhou city […]
In October 2021, Facebook founder and CEO Mark Zuckerberg announced with great fanfare that it was changing its corporate name to Meta to reflect its focus on the metaverse, a term the social giant described as “an embodied internet where you’re in the experience, […]
Unstoppable Domains, a San Francisco-based tech startup and pioneer of blockchain domains, has become a new member of the highly coveted unicorn club after raising $65 million in Series A funding. The round, which now puts the company at a […]
There’s no denying that the crypto market has continued to be faced with a lot of bearish pressure over the last half a year or so, as is made evident by the fact that the total capitalization of this space […]
Imagine you spend more than a decade building your small startup company. Everything was going well and business was booming. Then after all your toils and perseverance, you woke up one morning and found out that one of the most […]
Fan engagement has always been a massive part of sports. This is a large component of the home field advantage, and sports teams have been prioritizing it accordingly. If you’re a sports fan, you’ll want to engage with your favorite […]
The world’s biggest game has rejected non-fungible tokens (NFTs). Last week, Minecraft developer Mojang dropped the ban hammer on NFTs saying that NFTs “do not align” with Minecraft values. The news of the ban quickly spread across the NFT space causing […]
A recent survey by the Locomotiva Institute found that 34 million Brazilians do not have access to banking services. Of this number, 6.3 million Brazilians do not have a bank account, while the remaining 17.7 million are underbanked. That was not all, […]
In late 2019, we wrote Northvolt after the maker of electric vehicle batteries received a €5.8 million investment from EIT InnoEnergy to support Northvolt’s target of using 50% recycled materials in all its new battery cells by 2030. The funding also went […]
