Technology

Autonomous EV trucking startup Einride going public in SPAC deal at $1.8 bn valuation

Technology / /

Swedish electric and autonomous truck company Einride is set to go public through a merger with SPAC Legato Merger Corp., valuing the startup at $1.8 billion in pre-money equity, the company announced Wednesday. The transaction is expected to generate roughly $219 million in gross proceeds, not including any redemptions of Legato’s public shares. Einride is […]

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Vodacom partners Starlink to expand high-speed satellite internet across rural Africa, aiming to boost connectivity and bridge the continent’s digital divide.

Vodacom partners Starlink for rural broadband access across Africa

Technology / /

Vodacom Group has signed a partnership deal with Elon Musk’s Starlink to extend high-speed satellite internet to rural and underserved parts of Africa. The agreement will see Vodacom integrate Starlink’s low-Earth orbit satellite network into its infrastructure to strengthen connectivity and network reliability, particularly in remote areas where fibre and mobile coverage remain limited. “The

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SoftBank to invest in OpenAI by putting $3 billion into an Ohio facility to build modular data center equipment, supporting OpenAI’s AI expansion across the U.S.

SoftBank shares drop after Nvidia sale unnerves AI-focused investors

News, Technology / /

SoftBank Group Corp. shares tumbled as much as 10% on Wednesday after the Japanese tech giant disclosed it had sold its $5.8 billion stake in Nvidia (NVDA.O), raising questions among investors about the scale and sustainability of its deepening push into artificial intelligence. The sell-off comes as SoftBank, led by founder and CEO Masayoshi Son,

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SoftBank to invest in OpenAI by putting $3 billion into an Ohio facility to build modular data center equipment, supporting OpenAI’s AI expansion across the U.S.

Japan’s SoftBank sells $5.8bn in Nvidia shares, shifts focus to OpenAI

Technology / /

SoftBank Group Corp. said Tuesday it sold its stake in U.S. chipmaker Nvidia last October, raising $5.8 billion to invest in other ventures, particularly artificial intelligence. The move reflects the Japanese conglomerate’s strategic pivot toward OpenAI, the company behind ChatGPT. SoftBank also reported a surge in its first-half profit, jumping nearly threefold from a year

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Google's DeepMind announce automated research lab in the UK, using AI and robotics to develop advanced materials and give British scientists priority access to cutting-edge technology.

Google to invest $6.4bn in cloud infrastructure in Germany

Technology / /

Alphabet’s Google is set to spend 5.5 billion euros ($6.41 billion) in Germany over the next few years to expand its cloud infrastructure, the company announced Tuesday. The investment will fund a new data center in Dietzenbach, near Frankfurt, and the expansion of its existing facility in Hanau, both in Hesse, according to officials at

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Tesla shareholders approve $1 trillion pay package for Elon Musk

Technology / /

Tesla investors have voted to approve CEO Elon Musk’s massive $1 trillion pay deal, giving the billionaire a stronger hold on the company and showing fresh confidence in his leadership. Tesla Chair Robyn Denholm announced that about 75% of shareholders supported the package during the company’s annual meeting on Thursday at its Texas gigafactory. The

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The US space agency NASA has debunked reality star Kim Kardashian’s claim that the 1969 Apollo 11 Moon landing was faked.

NASA dismisses Kim Kardashian’s moon landing conspiracy theory

Entertainment, Technology / /

The US space agency NASA has debunked reality star Kim Kardashian’s claim that the 1969 Apollo 11 Moon landing was faked. In a recent episode of The Kardashians, Kardashian told co-star Sarah Paulson she believed the Moon landing “didn’t happen,” citing videos of astronaut Buzz Aldrin that she said supported her view. It remains unclear

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Amazon AWS data centers in UAE damaged by drone strikes, along with a facility in Bahrain, disrupting cloud services and prompting recovery efforts amid Middle East conflict.

AWS down again, Microsoft Azure too, renders over 90% of the internet unusable

Technology / /

A massive cloud outage on Wednesday involving Amazon Web Services (AWS) and Microsoft Azure disrupted access to major websites and applications worldwide, briefly rendering much of the internet unusable. The AWS outage marked the second in just a week, affecting several apps built on its infrastructure. It coincided with a global Azure failure, compounding the

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Elon Musk launches Grokipedia, sets new rival for Wikipedia

Technology / /

Elon Musk has launched Grokipedia, a new Grok AI encyclopedia that aims to rival Wikipedia. The platform uses AI to create articles while reflecting Musk’s perspective on information. Grokipedia copies Wikipedia’s simple design and referencing style. But it is much smaller, with just over 800,000 articles, compared to Wikipedia’s more than 7 million. Unlike Wikipedia,

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