A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions […]
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Google’s cloud division announced the launch of an internal team tasked with building services for blockchain and Decentralized Application (DAO) developers. The decision to create Google Web3 solutions comes at a time of increased interest, activity, and use of crypto, blockchain, and Web3 tools. Amit Zavery, Vice President of Web3 Infrastructure at Google Cloud, allegedly […]
A majority of Amazon.com Inc shareholders on Wednesday voted against each of 15 investor-led resolutions that challenged the company’s policies – including its treatment of workers and use of nondisclosure agreements, an executive said at its annual meeting. The total number of investor resolutions, including one introduced at the online meeting, was a record for […]
An electric vehicle (EV) assembly plant to be built in Saudi Arabia is likely to be one of three in the kingdom, investment minister Khalid Al-Falih said on Wednesday. United States-based EV maker Lucid Motors, which is more than 60% owned by Saudi Arabia’s sovereign wealth fund, plans to build its first overseas production factory […]
Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy,” […]
While the entertainment sector of the Metaverse might not be very robust or brimming with fun content just yet, the industrial sector might see some metaverse technology adoption very soon. In an announcement by Microsoft, Kawasaki has signed on as a new customer for the company’s “industrial metaverse.” That is, factory employees wearing a HoloLens […]
An app designed to help visually impaired or blind pedestrians use public transit will debut at a Washington subway station on Tuesday. Waymap aims to expand travel options for blind and visually impaired people with step-by-step audio directions that it says are accurate up to 3 feet (0.9 meter) throughout a trip. The app does […]
The crash of UST was a tragedy for many. People lost their life savings, salaries paid in UST were rendered worthless, and tens of billions of dollars were lost by both individuals and institutions. And investors who had made otherwise calculated risks saw the charts fall to nothing in mere days and shook the entire […]
It seems we are heading back to the bronze age. According to a press release from the University of Illinois at Urbana-Champaign (UIUC) and the University of California, Berkeley (UC Berkeley), researchers recently devised an invention that could cool electronics more efficiently than other alternative solutions and enable a 740 percent increase in power per unit using […]
Ericsson and Deutsche Telekom are harnessing the power of the wind and the sun at an energy-hungry 5G mobile site in Germany in an effort to guard against soaring electricity costs. With already high bills only rising further, energy-intensive European companies are looking for innovative ways to secure reliable, low-carbon energy. Telecom operators have extra […]