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Venture capital

Tesla has downsized by at least 14% this year, internal number shows

by Ev Richard
Tesla has downsized by at least 14% this year, internal number shows

Elon Musk speaking during the Tesla Annual Shareholder’s meeting in Austin, Texas on June 13th, 2024.  Source: Tesla Inc.  Tesla’s hefty downsizing in 2023 has reduced its global headcount to …

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Categories Technology

Kinetic rolls out robots to fix electric cars, and someday robotaxis

by Ev Richard
Kinetic rolls out robots to fix electric cars, and someday robotaxis

Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris Weber Courtesy: Kinetic Automation While electric vehicle demand is still increasing in the U.S., the sales growth rate for cars …

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Categories Technology

YouTube sensation Caspar Lee on why he quit to build a business empire

by Adrian Jhonsan
YouTube sensation Caspar Lee on why he quit to build a business empire

30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar Lee Caspar Lee belongs to a crop of content creators who found early success on …

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Categories World

Can the UK and London maintain its lead?

by Ev Richard
Can the UK and London maintain its lead?

The U.K. is the No. 1 country in Europe for tech by many accounts. In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report …

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Categories Technology

Tesla shareholder Elon Musk pay package at annual meeting

by Adrian Jhonsan
Tesla shareholder Elon Musk pay package at annual meeting

This illustration image created on June 12, 2024 in Los Angeles, shows South African businessman Elon Musk’s campaign launched on X ahead of Tesla shareholders meeting in front of his …

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Categories World

Tesla shareholder vote on Musk pay plan won’t clear ‘legal disputes’

by Ev Richard
Tesla shareholder vote on Musk pay plan won’t clear ‘legal disputes’

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, …

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Categories Technology

Solugen locks in $214 million Energy Department loan to build a ‘bioforge’ for sustainable chemicals production

by Ev Richard
Solugen locks in 4 million Energy Department loan to build a ‘bioforge’ for sustainable chemicals production

Solugen makes water treatment chemicals and others from renewable feedstock. Todd Spoth for Solugen A Houston-based startup called Solugen has locked in a $214 million loan commitment from the U.S. …

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Categories Technology

Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims

by Adesola Mojo
Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims

3alexd | E+ | Getty Images A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties …

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Categories Automobile

Black Semiconductor raises $274 million in funding in Europe chip push

by Adrian Jhonsan
Black Semiconductor raises 4 million in funding in Europe chip push

Europe is attempting to boost its homegrown semiconductor industry.  Darya Komarova | Moment | Getty Images Black Semiconductor, a startup aiming to create next-generation chip technology, on Wednesday said it …

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Categories World

Tech bosses urge focus on AI skills, growth

by Ev Richard
Tech bosses urge focus on AI skills, growth

U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate …

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Categories Technology
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