The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Zoox, the self-driving vehicle division of Amazon.com, following two rear-end collisions caused by unexpected braking. The agency is currently collecting video evidence and documents related to the incidents from Zoox to better understand the circumstances and potential risks associated with these self-driving…
Cryptocurrency has been a dynamic and rapidly evolving field, drawing significant attention and investment. One of the latest trends in this market is “re-staking,” a practice that offers investors rewards in exchange for locking up their tokens in a complex scheme. This trend has seen a meteoric rise, reflecting the broader appetite for risk in…
PwC has announced a significant partnership with OpenAI, becoming the largest customer and the first reseller of OpenAI’s enterprise product. This move reflects the growing trend of businesses integrating generative artificial intelligence to enhance their operations and services. Key Partnership Details Deployment of ChatGPT Enterprise PwC will implement ChatGPT Enterprise, an advanced version of OpenAI’s…
China is gearing up for a major leap in electric vehicle (EV) technology by investing over 6 billion yuan ($830 million) in the development of solid-state batteries. This government-led initiative aims to support six firms that will work on advancing this next-generation battery technology. This move underscores China’s ambition to maintain its leadership in the…
The cryptocurrency landscape witnessed a significant shift with the rise of BlackRock’s iShares Bitcoin Trust. This exchange-traded fund (ETF) has rapidly ascended to become the world’s largest Bitcoin fund, overtaking its closest competitor, the Grayscale Bitcoin Trust. This article delves into the details of this development, exploring the factors behind its success, the regulatory backdrop,…
Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), Latin America’s leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, announced third quarter 2022 financial results. Third quarter results Consolidated revenue grew 13% to Ps.40,045 million in the period, compared to Ps.35,504 million in the same quarter…
mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), (“mCloud” or the “Company”) a leading provider of AI-powered asset management and Environmental, Social, and Governance (“ESG”) solutions announced it proposes to enter into arrangements to receive unsecured non-convertible loans from a group of arm’s length strategic investors (the “Lenders”), pursuant to which mCloud will borrow approximately US$2 million, or such…
TransPerfect, the world’s largest provider of language and technology solutions for global business, announced that it has acquired UK-based Sterling Technology, Europe’s leading provider of VDR solutions for secure sharing of content, business process automation, and collaboration for high-stakes dealmaking. Financial terms of the transaction were not disclosed. Sterling’s VDR solutions enable seamless file sharing and content…
Comerica Incorporated (NYSE: CMA) announced that Kelly Gage, National Director of Sales and Strategy for the Commercial Bank will be named Senior Vice President, Director of Investor Relations, effective Sept. 1, 2022. Gage will succeed Darlene Persons, Senior Vice President, Director of Investor Relations, who plans to retire on April 1, 2023. Gage will report to Jim Herzog, Executive Vice President and…
Genomadix announced it has entered into a know-how license agreement and stock purchase agreement with Mayo Clinic to advance its point of care molecular analyzer technology. The Genomadix CubeTM uses polymerase chain reaction (PCR) technology in a small and portable footprint to generate timely (one hour), accurate test results, expanding the reach beyond centralized labs….
