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Volkswagen and Siemens have announced an investment of $450m in open ultra-fast electric vehicle charging network Electrify America. The equity investments have given a post-money valuation of $2.45bn
Australia’s online-only bank Volt has revealed that it would shut down following unsuccessful attempts to raise sufficient funds to support the business. The bank has informed the Australian
Tesla has reportedly laid off nearly 200 workers from its Autopilot division and closed its office in San Mateo, California, US. A significant number of the layoffs were
Binance Labs, an investment arm of crypto exchange Binance, has secured $500m funding for investment in blockchain and Web3 technologies. The funding has been raised from DST Global
A US federal court judge has ordered IBM to pay $1.6bn to Houston-based IT firm BMC Software in a final judgement for a five-year old case. US District
Geolocation technology provider TomTom is set to lay off hundreds of its employees due to improvements in automating mapmaking process. The Dutch digital navigation company is expected to
Jio Platforms (Jio), a subsidiary of Reliance Industries, is set to invest $200m in a Series D round of funding of AI-driven lock screen platform Glance. The investment
Space-based data and analytics provider Spire Global has secured a contract from the National Oceanographic and Oceanic Administration (NOAA) to provide satellite weather data. Under the contract valued
Telefónica Tech has partnered with Oracle to offer cloud platform-as-a-service and applications to enterprises and public sector organisations across its customer base. The partnership will allow Telefónica Tech
The Defense Innovation Unit (DIU) of the US Department of Defense (DoD) has selected Google Cloud’s solution for secured and controlled access to software-as-a-service (SaaS) applications. Under the
