Smartphone maker Xiaomi Corp is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co (BAIC), as it faces delays in acquiring a licence to make cars on its own, Bloomberg News reported on Friday. Such partnership among EV startups and traditional carmakers has become increasingly common in China, as state planners have […]
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Meta Platforms Inc’s Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the private data of users, a court filing showed. The financial terms were not disclosed in the filing on Friday that asked the judge to put the class […]
Twitter founder and former chief executive Jack Dorsey tweeted Thursday that he regrets the social media platform became a company. “The biggest issue and my biggest regret is that it became a company,” Dorsey tweeted in response to a question about whether Twitter turned out the way he had envisioned. Dorsey stands to receive $978 […]
Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition Corp in a deal valued at $885 million, the companies said on Thursday. The transaction will raise up to $321 million of cash held in GSRM’s trust account and will be used to support Bitcoin […]
President Joe Biden on Thursday signed an executive order on implementation of the $52.7 billion semiconductor chips manufacturing subsidy and research law, the White House said. Earlier this month, Biden signed the bill to boost efforts to make the United States more competitive with China’s science and technology efforts. By subsidizing U.S. chip manufacturing and […]
Investors in crypto have endured wild moves in recent months, but this has not fazed asset managers who are preparing to use the blockchain technology behind cryptocurrencies to break funds into bite-sized units, or tokens, to sell to small savers. Bitcoin fell 7.7 percent in the space of just a few minutes on one day […]
Payments giant Visa Inc said on Wednesday it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. VTS replaces 16-digit Visa account numbers with a token that only Visa can unlock, protecting the underlying account information. “Without exposing […]
Apple Inc on Wednesday sent media invitations to a Sept. 7 event when analysts expect the company to unveil new iPhones, a week earlier than its traditional autumn event. If Apple follows its pattern of shipping devices about a week and a half after it unveils them, it could add two weeks of iPhone sales […]
Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the technology to practical uses. The Baidu-developed quantum computer, dubbed “Qianshi”, has a 10-quantum-bit (qubit) processor, Baidu said in a statement. The Beijing-based company has also […]
Billionaire entrepreneur Elon Musk is seeking documents from Twitter Inc co-founder Jack Dorsey as the CEO of Tesla and SpaceX pursues his legal fight to walk away from his $44 billion deal for the social media company, according to a court filing. Dorsey, who resigned as Twitter’s chief executive in November and left the board […]