Volkswagen, Germany’s largest company, knows where its future lies. The Wolfsburg-based giant, with quarterly revenues of $69 billion, has committed $91bn to electric vehicles (also shortened to NEVs, or new energy vehicles)…
Parler Just Part of Social Media Whack-a-Mole, Unless US Takes Big Steps
Parler, a social media platform popular with racists, homophobes and conspiracy theorists, has been cut off by Amazon, Google and Apple, and some believe the firm may be taken offline as a…
SparkBeyond Proves AI’s Place in Post-Pandemic World
The COVID-19 pandemic has forced the world to confront harsh realities. First, our ultra-high-tech existence can be brought to its knees by even a modest display of nature’s destructive power. Second, the…
Atlanta Security Startup OneTrust Secures $300m Funding to Go On Spending Spree
OneTrust, a startup marketing itself as the “most widely used platform to operationalize,” has won a $300 million funding round, with which it plans to embark on a spending spree. The 2016-founded…
Better Dairy Wins $2.2m to Scale its Animal-Free Dairy Produce
London-based Better Dairy, a startup using fermentation technology to produce dairy proteins, has secured a $2.17m to continue researching its solution and bring products to market by 2022. The seed round was…
Days After “Fixing” First One, Gmail Suffers Giant Outage
Gmail users have experienced a host of problems, as the mail service struggles to rebound from Monday’s global outages. “We’re aware of a problem with Gmail affecting a significant subset of users,”…
Germany Blocks China Satellite Buy, Steps Up Corporate Defenses
Last week Germany blocked the sale of a satellite and radar firm to a Chinese state-backed buyer, the latest in a cooling of corporate relations between the two countries. China Aerospace and…
Israeli Tech Funding Booms in Pandemic’s Wake
Israel’s tech industry has received 23% more funding in 2020 than last year, as the world has clamored for its high-tech solutions. The rise, which follows a global boom in tech funding…
Flipkart’s Payments Firm PhonePe in Partial Spin-out, Valued at $5.5bn
Indian e-commerce giant has partially spun-out its mobile payments brand PhonePe, selling a stake in the startup to Walmart. The deal, which makes PhonePe $700 million in primary capital, boosts Bengaluru-based PhonePe’s…
EC Premier von der Leyen: Europe will “Rewrite” Tech Regulation Rulebook
European Commission President Ursula von der Leyen has opened the Web Summit event by pledging to overhaul the way Brussels regulates the tech industry. Speaking on the first day of the influential…