Business of Space: ‘We’re taking business off the face of the Earth,’ says NASA administrator ahead of launch April 8, 2022 This week: Type One bets on London A historic commercial collaboration NASA’s moon setbacks Type One US-based venture capital fund Type One has launched a $50m (£38.3m) space and deep tech fund in London, as it steps into UK and European markets. The firm, which has $100m in assets under management, is hoping to catch [...]
Tesla boss Elon Musk builds largest and ‘most advanced car factory’ on Earth April 8, 2022 Tesla boss Elon Musk claims to have built the largest factory in the world by volume, at its grand opening last night. The billionaire tech entrepreneur’s Giga Texas Tesla factory, 338m cubic feet in volume, is also hoped to be the biggest battery cell facility in the world “over time”. Speaking at the Cyber Rodeo [...]
Pfizer bets on British drugmaker with $500m deal April 8, 2022 Pfizer has inked a $525m (£401m) deal with ReViral, after the pandemic paved the way for more acquisitions within pharma and biotech sectors. The famed Covid-19 vaccine maker is looking to improve its pipelines of treatments, with ReViral a specialist in drugs for respiratory viruses. It its Pfizer’s second large acquisition in just six months, [...]
Britain will become a ‘wholly owned subsidiary of China’ if sale of Newport microchip giant is approved, govt is warned April 7, 2022 If businesses like Newport Wafer Fab are sold to companies linked to the Chinese government, Britain will simply become a “wholly owned subsidiary” of China, ministers were warned today. Lord Alton of Liverpool called on ministers to reveal whether the Government had any contracts with Newport Wafer Fab, which manufacturers microchips, and whether the Government [...]
Child safety campaigners criticise Meta’s end-to-end encryption plans April 7, 2022 Child safety campaigners have criticised Meta’s recent research that makes the case for end-to-end encryption as a positive driver for human rights.
‘Zuck Bucks’: Facebook plots launch of digital coins and lending services April 7, 2022 Facebook owner Meta has renewed its crypto ambitions with plans to roll out virtual coins and lending services to app users.
Booming chip demand sees Samsung’s earnings jump 50 per cent April 7, 2022 Samsung Electronics posted an estimated 50 per cent jump in quarterly operating earnings this morning following strong demand for its products.
Pinterest rolls out new climate misinformation policy April 6, 2022 Pinterest has rolled out a new policy that will make it the first and only major digital platform to have clearly defined guidelines against climate misinformation. The new policy extends across both organic and paid content, banning false or misleading climate change content and conspiracy theories on the platform. The new climate misinformation policy removes [...]
US climate-tech startup plants dual HQ in London in a bid to woo Europe April 6, 2022 US climate-tech startup Watershed has planted a dual headquarters in London, in a bid to woo Europe. The San Francisco-based firm, backed by former US vice president Al Gore, has already partnered with tech heavyweights such as Klarna, Monzo, Wise and Revolut. Watershed, a software platform that helps companies with their net-zero emissions targets, has [...]
Twitter confirms edit button in the works as Musk effect kicks in April 6, 2022 Twitter is already feeling the Elon Musk effect after confirming that it was working on a new edit button for its users. The new feature will allow Twitter goers to change their tweets once they have been posted, enabling typo fixes and changes without losing likes or retweets. The platform’s premium subscription service Twitter Blue [...]