Foxconn founder Terry Gou introduces the prototype Model B. | Photo by SAM YEH/AFP via Getty Images Foxconn’s chairman and CEO Liu Young-way hopes to one day be in a position to produce electric cars for Tesla as the iPhone assembler expands into transportation. Liu made the comments at the unveiling of two new Foxconn…
Monthly Archives: October 2022
Enlarge (credit: Maskot via Getty) Last month, California finalized a rule that will ban the sale of new gas-powered cars, starting in 2035. Obviously, that’ll accelerate the adoption of electric vehicles and encourage other states to do the same. (Oregon has already followed California’s lead.) But less obviously, spurning carbon-spewing vehicles could help buttress the…
Bye-bye: Meta has again been ordered by the UK’s competition watchdog to sell animated GIF platform, Giphy. And this time it’s final. The decision follows a ‘stay of execution’ for Meta this summer, after the U.K.’s Competition Appeal Tribunal sent the case back to the antitrust regulator to be reassessed following a procedural finding that…
RisingWave Labs, a company developing a platform for data stream processing, today announced that it raised $36 million in a Series A funding round led by Yunqi Partners, undisclosed corporate investors and angel investors. Bringing RisingWave’s total raised to over $40 million, the capital will be put toward scaling the startup’s business-side operations to support…
Enable, a startup selling access to a platform that helps business-to-business (B2B) companies manage their rebate programs, today announced that it raised $94 million in an oversubscribed Series C round led by Insight Partners with participation from Lightspeed Venture Partners, SE Ventures, PSP Growth and HarbourVest Partners. Bringing Enable’s total capital raised to $156 million,…
Elon Musk. Michael Gonzalez/Getty Images Elon Musk said SpaceX has “already withdrawn its request for funding” over Starlink in Ukraine. The company reportedly asked the Pentagon to cover the cost of its satellite internet service in Ukraine. Musk said that out of 25,300 Starlink terminals in Ukraine, only 10,630 are paying for service. Elon Musk said…
Kanye West has planned to have dinner with Donald Trump, per Bloomberg. Edward Berthelot/Justin Sullivan/Getty Images Kanye West has planned to have dinner with Donald Trump, he told Bloomberg. The rapper told Bloomberg he wants to invite Trump onto Parler, the right-wing app he agreed to buy. Ye also said he will sign up to…
The Rolls-Royce Spectre. Rolls-Royce Rolls-Royce revealed the Spectre, its first electric car. The Spectre has two doors, four seats, and an estimated range of 260 miles. It will cost in the area of $400,000, and deliveries begin late next year. There’s a lot of talk these days about young startups getting into the electric-vehicle game.The…
Facebook CEO Mark Zuckerberg speaks about “News Tab” at the Paley Center, in New York on October 25, 2019. AP Photo/Mark Lennihan British’s competition regulator has ordered Meta, Facebook’s parent company, to sell Giphy. Meta completed its purchase of Giphy in May 2020, but authorities began probing the deal soon after. Regulators argued the deal…
UK Prime Minister Liz Truss. Bianca De Marchi-Pool / Getty Images UK Prime Minister Liz Truss’ job is on the line after her tax-cutting plan created chaos in markets. Truss later scrapped most of the plan and sacked her finance minister, but markets remain on edge. It suggests aggressive policymaking in today’s economy can spook…