South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities. Three years on, the giddy promises are unfulfilled. Some 45% of the country’s people are now on 5G, one of the highest rates globally, after some $20 billion in spending […]
Search results for "big tech"
Canada on Thursday said it plans to ban the use of China’s Huawei Technologies Co Ltd and ZTE Corp 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in Ottawa. “Providers […]
Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters. The South Korean auto group, which houses Hyundai Motor Co and Kia Corp, will build a plant to make […]
Joe Biden will visit Japan and South Korea on his first Asian trip as U.S. president, carrying a clear message to China, advisers and analysts say – don’t try what Russia did in Ukraine anywhere in Asia, and especially not in Taiwan. Biden departs for the five day trip on Thursday, after spending several months […]
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world’s second-biggest economy has slowed sharply – and […]
Executive director of Germany’s Federal Financial Supervisory Authority (BaFin), Birgit Rodolphe, has appealed for novel and comprehensive regulation of the decentralized finance (DeFi) sector across the European Union and to create a consistent DeFi EU regulation. BaFin is Germany’s financial regulator, in charge of overseeing banks, insurance companies, and other financial organizations, which includes everything […]
Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app. The announcements are part of Uber’s annual product event where the ride-hail and food delivery company showcases the latest updates to its […]
REE Automotive, which develops rolling chassis for commercial electric vehicles (EVs), said on Monday it will build an assembly plant in the British city of Coventry to supply customers in Europe. The Israeli-based startup said the highly-automated assembly plant it will complete this year in partnership with Rockwell Automation and Expert Technologies will have an […]
The United States and European Union will announce a joint effort to avert a “subsidy race” as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said. The move will be unveiled at the second meeting of the U.S.-EU Trade and Technology Council (TTC), taking place on Sunday and Monday […]
Conquering space, inhabiting planets, some elusive dreams that broke the hearts of many generations of aficionados and scientists. Probably, this endeavor has been waiting for a crazy person, a genius willing to embrace the risk to achieve what no one came close to achieving. The same person who launched the era of autonomous vehicles with his […]