Velodyne Lidar founder plans to nominate directors next year -letter
(Reuters) - Velodyne Lidar's founder and biggest shareholder on Thursday warned that he plans to nominate two directors to the board next year amid frustration with the sensor supplier's falling stock price, high executive pay, and the board's failure to focus more on new research.
Meta4 launches NFT fund with Andreessen Horowitz backing
OAKLAND, Calif. (Reuters) - Meta4 Fund Management, a Miami-based crypto-currency investment management firm, said on Thursday it launched a new fund to invest in so-called non-fungible tokens (NFT) and aims to raise $100 million with one of Silicon Valley's top venture capital firms Andreessen Horowitz as its lead investor.
Tesla's German plant hits snag as public consultation repeated
BERLIN (Reuters) -An online consultation for local citizens to express objections to Tesla's huge factory near Berlin will be repeated, the regional environmental ministry said on Thursday, over concerns the process did not comply with regulations.
MDEC announces AI and Data Week 2021
The Malaysia Digital Economy Corporation (MDEC) has announced the coming of the AI and Data Week 2021 (AIDW 2021), a week-long curation of virtual events focusing on the Internet of Things (IoT), data...
U.S. consumer watchdog to query tech giants over financial data -sources
WASHINGTON (Reuters) - The U.S. consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to boost consumer protections and financial sector competition, according to two people briefed on the matter.
No Elon Musk Show during this Tesla quarterly call
SAN FRANCISCO (Reuters) - Tesla Inc CEO Elon Musk did not participate in the company's earnings conference call for the first time on Wednesday, making him one of the rare top executives in the United States to miss the quarterly ritual of talking to Wall Street.
Bourse operator Cboe to buy digital asset exchange ErisX
NEW YORK (Reuters) - Cboe Global Markets said on Wednesday it was buying Eris Digital Holdings (ErisX), a spot and derivatives exchange for digital assets, as the exchange operator seeks to become a major player in the cryptocurrency industry.
The era of pure BNPL firms is ending
Welcome to The Top Up! Delivered every Wednesday via email and through the Tech in Asia website, this free newsletter breaks down the biggest stories and trends in fintech.
Facebook to create Alphabet-like parent firm
Facebook’s name change, which could be unveiled at its annual Connect conference on October 28 (though it could be revealed sooner), attempts to underscore the firm’s goal to be known fo...
Pure Storage appoints new engineering head in APJ
Pure Storage has appointed Pratyush Khare as vice president of systems engineering for Asia-Pacific and Japan (APJ). Based in Singapore, Pratyush is responsible for leading Pure Storage’s team of sy...
Explainer: What is the "metaverse"?
LONDON (Reuters) - Facebook Inc, under fire from regulators and lawmakers over its business practices, is planning to rebrand itself https://www.reuters.com/technology/facebook-plans-change-its-name-verge-2021-10-20 with a new name that focuses on the metaverse, the Verge reported on Tuesday.
The enigmatic unicorn behind BNPL firm Atome
Within just two years of its launch, Singapore-based Atome, a buy now, pay later (BNPL) provider, catapulted from relative obscurity to become a common sight at physical and digital checkout cou...
Honor’s best vlogging smartphone
KUALA LUMPUR: Malaysia takes the grand honor as the first country to bring in the highly acclaimed Honor 50, after its launch in China earlier this year.
'Squid Game' frenzy helps Netflix top subscriber targets
(Reuters) -Global interest in Netflix Inc's Korean thriller "Squid Game" helped lure more new customers than expected, the world's largest streaming service said on Tuesday, adding that a heavy programming lineup should help boost signups through the end of the year.
Abu Dhabi's tech hub sees surge of interest from start-ups
DUBAI (Reuters) - Abu Dhabi’s new technology hub says it has seen a surge in interest from start-up firms in the United Arab Emirates and abroad despite the economic impact of the coronavirus pandemic last year, amid increased optimism from the sector.
Snap launches studio to create augmented reality ads
(Reuters) -Snap Inc said on Tuesday it is launching a studio to help brands create augmented reality advertising and experiences, part of a move to popularize the use of technology that can overlay computer-generated images onto a person's view of the real world.
Analysis-Bitcoin futures highlight some pitfalls for new ETFs
NEW YORK (Reuters) - The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.
Bitcoin nears record high ahead of futures ETF listing
SINGAPORE (Reuters) - Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange traded fund could herald investment flows into bitcoin and cryptocurrency assets.
Samsung SDI, Stellantis to set up EV battery JV -Yonhap
SEOUL (Reuters) - Battery maker Samsung SDI Co Ltd and automaker Stellantis NV have signed a memorandum of understanding to establish an electric vehicle (EV) battery joint venture, South Korea's Yonhap news agency reported on Tuesday, citing industry sources.
How close are flying cars?
Flying cars are right around the corner, though they're likely to look more like drones and be used as taxis, says industry pioneer Joby Aviation.
Amazon to hire 150,000 U.S. workers for holiday shopping season
(Reuters) - Amazon.com Inc said on Monday it plans to hire 150,000 seasonal workers in the United States during the holiday period, as the e-commerce giant prepares for a shopping season expected to be characterized by high demand and supply headaches.
SG gaming firm Coda buys esports platform
Coda Payments, a gaming and entertainment-focused fintech firm, has acquired mobile esports platform Baash from developer Capsl Entertainment in a bid to expand its suite of solutions.
NTU team uses microalgae for electricity generation
A team of scientists from Nanyang Technological University (NTU) in Singapore has discovered a method to boost energy generation from microalgae, eliminating reliance on non-renewable sources such as ...
edotco Group launches design competition with UKM
edotco Group (edotco) is organising the infrastructure design competition, which it claims is a first in Asia in collaboration with the University Community Transformation Centre under Universiti Keba...
Philips lowers outlook as recall, parts shortages bite
AMSTERDAM (Reuters) -Dutch health technology company Philips lowered its outlook on Monday for sales and profit growth in 2021, as a massive recall of respiratory devices and a global shortage of electronic components hit its third-quarter earnings.
Electric vehicle battery startup ONE backed by BMW, Gates-led firm
(Reuters) - Michigan-based Our Next Energy, which is developing an advanced battery for electric vehicles, has raised $25 million from investors ranging from German automaker BMW to a clean technology venture firm headed by Microsoft co-founder Bill Gates, the young company said on Monday.