The United States, Australia and Britain unveiled details of a plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China’s ambitions in the Indo-Pacific. Addressing a ceremony at the U.S. naval base on Monday in San Diego, accompanied by Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak, […]
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Volkswagen chose Canada to build its first battery cell plant outside Europe, granting its cars access to both Canadian and U.S. subsidies as it works to localise electric vehicle production chain in the region. Volkswagen AG confirmed in December it was looking for sites for a Canadian plant, six months after signing a memorandum of […]
Venture capital firms are working on a “long-shot plan” to preserve parts of Silicon Valley Bank (SVB) in a move to keep servicing their clients in the technology sector, the Financial Times reported on Monday citing people briefed on the effort. A group of several VC firms are in talks since late last week about […]
As the world’s population continues to increase, the demand for food rises as well. In the last decade, the world has seen significant advancements in technology, particularly in artificial intelligence. The combination of an expanding population and the growth of technology creates a need for innovative solutions to meet the demand for food. The Netherlands, […]
Electric-vehicle maker Rivian Automotive Inc and its largest shareholder Amazon.com Inc are in talks to end the exclusivity part of their electric van deal, the Wall Street Journal reported on Monday citing people familiar with the matter. Online retailer Amazon had placed an order for 100,000 electric delivery vans (EDVs) from the Irvine, California-based EV […]
Italian-American vehicle maker CNH Industrial has acquired U.S. company Augmenta, valuing its strategic partner at $110 million, in a bid to help farmers harness technology to increase the effectiveness of crop spraying. CNH, a maker of farm machinery and construction equipment sees so-called precision technologies as a key competitive feature in its agriculture business, its […]
Global bank shares slid on Monday even as U.S. authorities moved swiftly to stem contagion following the collapse of startup-focused Silicon Valley Bank. HSBC bought the UK arm of stricken SVB for a symbolic one pound, rescuing a key lender for technology start-ups in Britain and helping curb the fallout from the biggest bank collapse […]
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across global markets as billions of dollars belonging to companies and investors were left stranded. The collapse raised concerns that the end of decades-long era of cheap money would reveal cracks in the global financial […]
Koo, an India-based social media app that aims to rival Twitter, has integrated OpenAI’s ChatGPT to help users more easily create posts, the company’s co-founder told Reuters. ChatGPT is an artificial intelligence bot that can create prose in response to prompts and has set off a tech industry craze over generative AI. Koo users will […]
HSBC bought the UK arm of stricken Silicon Valley Bank for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain and helping curb the fallout from the biggest bank collapse since the financial crash. The move comes after U.S. authorities moved to shore up deposits and stem any wider […]