List of All Articles with Tag 'tec'

Traders burned Friday by an arbitrage bet on AMC Entertainment Holdings Inc.’s stock got a lifeline when the

By Zaheer Kachwala and Krystal Hu (Reuters) -SoftBank Group is forming a joint venture with warehouse automation company Symbotic to

By Foo Yun Chee Adobe's $20 billion bid for cloud-based designer platform Figma will face a full-scale EU

Public Storage is tapping the corporate bond market Monday to fund its acquisition of Simply Self Storage from

Adobe Inc.’s $20 billion takeover of design startup Figma Inc. is on course for an in-depth investigation from

Federal Trade Commission Chair Lina Khan defended the agency’s record in court, pushing back on criticism in the

Fresh off weeks in which it started taking orders in Malaysia and exhibited at a motorsports festival in

FTX founder Sam Bankman-Fried has agreed to a gag order largely preventing him from publicly discussing his case

China’s largest battery maker for electric vehicles has launched an aviation division in preparation to begin mass production of electric planes, according to reports. Contemporary Amperex Technology (CATL), which supplies batteries for Tesla, claims to have achieved the “holy grail” energy density required for commercial electric aircraft of 500 Watt-hours per kilogram (Wh/kg). The company announced the feat at the Auto Shanghai trade fair earlier this year, with chief scientist Wu Kai claiming that it was poised to begin production of a commercially viable battery for electric aircraft. “With an energy density of up to 500Wh/kg, it can achieve a high energy density and a high level of safety at the same time in a creative manner, opening up a brand-new electrification scenario of passenger aircrafts,” the company said in a statement at the time. “CATL can achieve mass production of condensed battery for electric vehicles in a short period of time.” CATL has now launched a joint venture with state-owned plane manufacturer Commercial Aircraft Corporation of China (COMAC), Yicai Global reported, following four years of research into the technology. The advent of electric aircraft has become a realistic prospect in recent years following several major battery breakthroughs that have the potential to overcome cost and capacity limitations. Israel-based startup Eviation completed the first flight of an electric commuter plane last year, taking off from an airport in Washington before touching down eight minutes later. The Alice aircraft is capable of transporting nine passengers and their luggage, or a tonne of cargo, and has been hailed as the first battery-powered plane viable for short-haul commercial journeys of up to 645km (400 miles). Regional airlines and logistics firms in the US have already ordered more than 200 Alice planes, with Eviation aiming to fulfil the orders by 2026. The Independent has contacted CATL for a production timeframe of its electric plane batteries. Read More Battery breakthroughs are about to trigger a transport revolution

Verizon Communications Inc. is raising the monthly price on its wireless home internet offering by $10, marking the

Twitter has rebranded to X as part of Elon Musk’s plan to create an “everything app”. The tech billionaire, who took over the platform in October 2022, replaced the famous blue bird with the new logo on Monday after crowdsourcing ideas from users over the weekend. He also reportedly informed employees by email that Twitter would become X, as well as redirected the domain X.com to Twitter.com. Linda Yaccarino, who Mr Musk hired to be the chief executive of Twitter last month, confirmed the switch in a series of tweets late on Sunday. “It’s an exceptionally rare thing – in life or in business – that you get a second chance to make another big impression,” she wrote. “Twitter made one massive impression and changed the way we communicate. Now, X will go further, transforming the global town square.” Ms Yaccarino described the app as the “future state of unlimited interactivity”, incorporating audio, video, messaging, payments and banking. “There’s absolutely no limit to this transformation,” she added. “X will be the platform that can deliver, well... everything.” Mike Proulx, research director at Forrester, said on Sunday that the move would further alienate Twitter’s original, and once fiercely loyal, user base. “On the one hand, you can make the argument he would be getting rid of an iconic brand. On the other hand, he is signalling it is a new day for what was once Twitter and that the company is heading in a different direction with a different user base.” Mr Musk said in a Sunday post he wanted to change Twitter’s logo and polled his millions of followers whether they would favour changing the site’s colour scheme from blue to black. He posted a picture of a stylized X against a black outer space-themed background. “And soon we shall bid adieu to the Twitter brand and, gradually, all the birds,” he said. Under Mr Musk’s tumultuous tenure since he bought Twitter in October, the company has changed its business name to X Corp, reflecting the billionaire’s vision to create a “super app” like China’s WeChat. In April, Twitter’s legacy blue bird logo was temporarily replaced by Dogecoin’s Shiba Inu dog, helping drive a surge in the cryptocurrency’s market value. The company came under widespread criticism from users and marketing professionals when Musk announced earlier this month that Twitter would limit how many tweets per day various accounts can read. The daily limits helped Meta Platforms-owned rival service Threads, which crossed 100 million sign-ups within five days of its 5 July launch. Twitter did not respond to a request for comment about the latest changes. Additional reporting from agencies Read More What is Elon Musk’s ‘everything app’ X? TikTok is now most favourable single source of news in UK teenagers, research shows Apple’s next iPhone may include new battery technology, report suggests Battery breakthroughs are about to trigger a transport revolution

Kartoon Studios Inc. said its batch of more than 8,000 Stan Lee digital collectibles sold out “nearly instantaneously”