Elon Musk says Tesla is developing humanoid robot that can ‘eliminate dangerous and boring tasks’ August 20, 2021 Elon Musk has said Tesla is aiming to launch the prototype of a humanoid robot called “Tesla Bot” next year. Musk added that the robot would “eliminate dangerous, repetitive, boring tasks.” Watch the full report.
Facebook secures Afghan accounts as Taliban cements takeover August 20, 2021 Facebook has brought in new safety measures in response to concerns that the Taliban, who have taken over Afghanistan this week, could use social media to target and track individuals, according to reports. The social media giant has temporarily removed the ability for people to see or search the friends lists of accounts based in [...]
Apple postpones office return amid Delta fears August 20, 2021 Technology giant Apple has reportedly told its corporate employees that their return to the office will be delayed until January due to a surge in Covid-19 cases. The iPhone maker said in a memo to employees that it would confirm its reopening timeline around December, Bloomberg reported. The fresh delay comes just a month after [...]
Fintech Lanistar risks financial collapse as it fails to pay managers and faces legal action August 18, 2021 Payments startup Lanistar is reportedly facing a series of employment tribunal cases over unpaid salaries from current and former staff, including members of its senior management team. The company has had problems with securing funding, has been accused of mistreating staff, and has not yet launched any of its payment cards. Despite this, it has [...]
Watch: China tightens control of tech sector August 17, 2021 China moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data. Watch the full report.
HSBC to pull together $2bn IPO for China’s biggest AI firm SenseTime August 17, 2021 HSBC is working with China’s largest artificial intelligence group SenseTime to form a Hong Kong listing, according to reports. SoftBank-backed SeneTime’s initial public offering (IPO) could wire in at least $2bn, Bloomberg reported, citing people familiar with the matter. China International Capital is helping HSBC arrange the float for the firm. The company has decided [...]
Climate management solutions group Genuit sees revenue climb ahead of COP26 August 17, 2021 Climate management solutions group Genuit has had its half-year revenue climb to £295.6m as the need for climate conscious measures has gripped the UK ahead of COP26. Revenue was up 32.4 per cent on pre-pandemic levels, as the group worked with the construction industry to provide sustainable water, as well as climate and ventilation [...]
Beijing takes stakes in ByteDance and Weibo domestic entities August 17, 2021 The Chinese government has taken stakes in Chinese entities owned by tech companies ByteDance and Sina Weibo, tightening its grip on its technology sector. WangTouZhongWen (Beijing) Technology, co-owned by three Chinese state entities including an investment fund backed by China’s internet watchdog, has taken one per cent of stake in Beijing ByteDance Technology, according to [...]
Chinese tech shares drop after Beijing tightens rules on internet competition August 17, 2021 China has marked its latest crackdown on the technology sector as the authorities announced new rules today to tackle unfair internet competition and companies’ handling critical data. The State Administration for Market Regulation (SAMR) published a set of draft regulations banning unfair competition and restricting the use of user data. Shares of Chinese tech companies [...]
Facebook and Google eye Asia-Pacific markets amid plans for new subsea cable August 16, 2021 Facebook and Google announced today their plans to build a new subsea cable to improve internet connectivity across the Asia-Pacific region. Apricot, the 12,000-kilometre-long subsea cable, will connect Singapore, Japan, Guam, the Philippines, Taiwan and Indonesia. It is expected to be ready for service in 2024, according to Facebook. The US social media group continued [...]