Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord, the International Renewable Energy Agency (IRENA) said on Tuesday. Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually […]
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Oxbotica and Alphabet Inc’s Google Cloud said on Tuesday they are partnering up to speed up the deployment of the British self-driving software startup’s autonomous software platform to customers around the world. Oxbotica will use Google Cloud infrastructure to create “scalable, safe, and reliable” autonomous driving solutions for its customers in last-mile logistics, agriculture, light […]
North Korea unveiled new, smaller nuclear warheads as leader Kim Jong Un called for scaling up the production of weapons-grade nuclear material to expand the country’s arsenal, state media KCNA said on Tuesday. KCNA released photos of the warheads, dubbed Hwasan-31, during Kim’s visit to the Nuclear Weapons Institute, where he inspected new tactical nuclear […]
Chinese electric vehicle (EV) maker Nio Inc began trial operation on Tuesday of faster, more efficient battery swapping stations in China in its push to make battery swapping a viable alternative to rival EV makers’ rapid-charging technology. With capacity to store up to 21 battery packs each, Nio’s Power Swap Station 3.0 can speed up […]
Nvidia Corp, the world’s leading designer of computer chips used in creating artificial intelligence, on Monday showed new research that explains how AI can be used to improve chip design. The process of designing a chip involves deciding where to place tens of billions of tiny on-off switches called transistors on a piece of silicon […]
The telecom industry is constantly evolving, and with the advent of 5G technology, many are already looking ahead to the future of 6G. While many are eager to leap into the future, some raise concerns about the need to address current infrastructure challenges. As one famous quote says, “Rome wasn’t built in a day.” Therefore, […]
The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank’s assets helped to boost bank shares, while a decline in technology-related stocks limited the day’s gains. The S&P 500 banks index rose 3.1%, while the KBW regional banking index ended up 0.6%. JPMorgan Chase & Co shares climbed 2.9% and […]
Pinterest Inc will end leases of certain office spaces as part of a restructuring plan, the image-sharing platform said on Monday, in addition to about 4% workforce reduction it started last month. U.S. companies from technology to finance have stepped up cost cuts as they brace for a potential recession. Pinterest said it expected to […]
Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley […]
U.S. President Joe Biden on Monday invoked the Defense Production Act to spend $50 million on domestic and Canadian production of printed circuit boards, citing the technology’s importance to national defense. Printed circuit boards are incorporated into missiles and radars, as well as electronics used for energy and healthcare. Without presidential action under the act, […]