According to Forbes’ Annual rich list, Beijing now has more billionaires than any other city in the world, with 33 billionaires last year now leaping to 100 beating New York which has 99, who had held the top ranking for seven years. China’s successful containment of Covid-19 and its e-commerce boom, expansion of its technology…
LG Electronics, the Korean electronics giant said it would close down its six-years of loss-making smartphone business totalling £3.3bn ($4.5bn). LG had made several innovations including ultra-wide angle cameras, rising to third largest smartphone maker in 2013. But as the markets became more competitive with Samsung and Apple advanced, LG suffered from its own hardware…
In 2017, an offspring from Newcastle University, Advanced Electric Machines (AEM) has developed pioneering electic car motors that do not rely on expensive rare magnets is preparing to raise $25m and is seeking £30m over the next few months to boost UK production capacity. AEM claims to have cracked a problem with “ switched reluctance…
Australians who don’t give a XXX have derided a suggestion by the New South Wales (NSW) police commissioner that an app could be used to register sexual consent. Commissioner, Mick Fuller’s idea of an app where people could digitally record their mutual consent to have sex said: “technology could be used to establish positive consent”.…
Bitcoin, the cryptocurrency, passed above £43, 100 ( $60, 000) for the first time as it has more than tripled in value since the end of last year powered by well-known companies adopting it as a method of payment. Bitcoin’s total market value exceeded $1tn, although it had wild price swings and has fallen sharply…
In the world of geeks, for decades two competing tribes of artificial intelligence experts have been furiously dueling with each other in research labs and conference halls around the world, with mathematical models and computer codes. The connectionist tribe believes that computers can learn behaviour in the same way as humans do, by processing …
Daimler, BMW sells jointly-owned PARK NOW App Daimler and BMW sell jointly-owned App PARK NOW to Swedish rival EasyPark. The App is part of a 2019 joint venture and has five parts including smartphone-based route management and booking service, among others. The sale will allow the unit to grow even further in the US…
David Baszucki’s video-game platform Roblox is being floated on the New York Stock Exchange valued at £21.6bn ( $30bn) and hopes to become the center of Metaverse- an online world not just for gaming but for work and learning as well. Roblox, a marketplace where you can create games, pick and choose whether you play…
Elon Musk’s SpaceX Serial Number 10 (SN10) 50m-tall has managed to land one of its Starship prototypes at the end of a high-altitude test flight, in Boca Chica, Texas, but fire developed around its base and eight minutes later SN10 blew itself apart on the landing pad. Elon Musk says the new Starship will do…
Microsoft, the tech giant has blamed Hafnium, a Chinese state-sponsored cyber-espionage group operating out of China by leasing virtual private servers in the US, for attacks on its mail server software. Microsoft’s Threat Intelligence Centre attributed the attacks with “ high confidence” to Hafnium and “ Observed victimology, tactics and procedures, as Hafnium targets infectious…