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Tech News

  • Posted on November 8, 2023

Vanguard slashes Ola valuation by 60%-plus; NB reduces Pharmeasy’s by over 90%

The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by nearly two thirds since original investment, and Neuberger Berman has slashed the worth of its

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  • Posted on November 8, 2023

Microsoft offers free supercomputing to startups for AI development

According to a Nov. 7 TechCrunch report, Microsoft expanded its Microsoft for Startups Founders Hub program that will provide select startups with free access to high-performance “supercomputing” resources on its

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  • Posted on November 8, 2023

IBM bets $500M on business-focused AI startups

IBM announced today that it plans to invest $500 million in generative AI startups catering to business customers, signaling the technology giant’s entrance into the AI investment race. Generative AI, which can

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  • Posted on November 8, 2023

Rethinking social networking with fediverse

As more users seek a safer and more reliable online social networking experience, Mozilla, the technology company responsible for the Firefox browser and Pocket reader, has turned its attention to the “fediverse.”

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  • Posted on November 8, 2023

Musk’s Neuralink faces its biggest test yet with human trials

Elon Musk’s neurotechnology company Neuralink is preparing for the most high-stakes launch of the billionaire entrepreneur’s career — its first-ever human clinical trial. According to a recent Bloomberg report, the

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  • Posted on November 8, 2023

More consolidation in grocery delivery: Getir acquires FreshDirect to beef up in the US

Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped up FreshDirect,

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  • Posted on November 8, 2023

Gogoro’s Smartscooters can now be unlocked via Apple Wallet

Gogoro, the Taiwanese two-wheeler battery swapping giant, says that its smart electric scooters can now be unlocked and turned on via a key in a rider’s Apple Wallet on their iPhone or Apple Watch. Vehicle owners

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  • Posted on November 7, 2023

Nintendo confirms live-action Zelda movie is in the works

Zelda fans already got a stellar new game with “Tears of the Kingdom” this year, but Nintendo just dropped another exciting nugget of news: the gaming giant is working on a live-action movie based on the Legend of

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  • Posted on November 7, 2023

Lucid revises 2023 production amid softening demand for luxury EVs

Lucid has revised its 2023 production outlook amid softening demand for luxury electric vehicles, the company said Tuesday in its third-quarter earnings report. The EV maker said it will produce 8,000 to 8,500

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  • Posted on November 7, 2023

Rivian and Amazon are no longer exclusive

Going forward, Rivian vans are no longer an Amazon exclusive. Rivian said on Tuesday that it will now let other companies buy its commercial electric vans, ending the exclusivity deal that Amazon secured when it

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