Autonomous driving start-up Wayve bags $200 million from Microsoft, Virgin and Baillie Gifford

Wayve CEO and co-founder Alex Kendall. Wayve LONDON — U.Ok. autonomous driving start-up Wayve has been backed by a bunch of huge identify traders together with Microsoft, Virgin and Baillie Gifford in a $200 million funding spherical that brings whole funding within the firm as much as $258 million. Wayve didn’t disclose its new valuation … Read more

Ralph Lauren CEO says metaverse is way to tap into younger generation of shoppers

Clients exit a Ralph Lauren Corp. retailer in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Pictures Ralph Lauren CEO Patrice Louvet stated Monday that the style model is chasing alternatives within the metaverse as a method to entice youthful buyers. On the Nationwide Retail Federation’s annual convention, he stated customers can already purchase … Read more

Ford signs five-year payments deal with Stripe for e-commerce drive

A Ford F-150 pickup truck is obtainable on the market at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Photos On-line fee processor Stripe has signed up Ford Motor Company as a buyer, in a five-year deal aimed toward bolstering the automotive big’s e-commerce technique. Ford Motor Credit score Firm, … Read more

Meituan backs A.I. chip start-up as Chinese tech giants pour money into semiconductors

China laid out seven “frontier” applied sciences in its 14th 5 Yr Plan. These are areas that China will focus analysis on and embody semiconductors and brain-computer fusion. Yuichiro Chino | Second | Getty Photographs And e-commerce big Alibaba took the wraps off its own piece of silicon designed to enter servers in a knowledge … Read more

Amazon halts plan to stop accepting Visa credit cards in the UK

An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Pictures LONDON — Amazon has scrapped plans to cease accepting Visa bank cards within the U.Ok. The e-commerce big was expected to prevent Brits from using a Visa-issued credit card on its platform from Jan. 19. However in an announcement Monday, the agency stated the … Read more

A Thai start-up is working on a Covid vaccine — using tobacco leaves

Thailand’s Baiya Phytopharm desires to develop the nation’s first plant-based Covid vaccine. The beginning-up, based by Dr. Suthira Taychakhoonavudh and Dr. Waranyoo Phoolcharoen in 2018, has been engaged on a vaccine utilizing the leaves of an Australian tobacco plant. Suthira, a 37-year-old lecturer at Chulalongkorn College, instructed CNBC’s “Managing Asia” that she and her crew … Read more

Walmart is quietly preparing to enter the metaverse

A consumer carries a bag outdoors a Walmart retailer in San Leandro, California, on Thursday, Might 13, 2021. David Paul Morris | Bloomberg | Getty Photographs Walmart seems to be venturing into the metaverse with plans to create its personal cryptocurrency and assortment of non-fungible tokens, or NFTs. The massive-box retailer filed a number of … Read more

Microsoft investor who pushed shareholder vote on harassment report says change is coming

Natasha Lamb, a founding associate and portfolio supervisor at Arjuna Capital. Michael Prince Natasha Lamb was shocked. It was November, and Microsoft shareholders had simply agreed along with her proposal to push the software program maker into issuing a public report on the effectiveness of its sexual harassment insurance policies. Microsoft opposed the measure and … Read more

Robo-advisors are growing in popularity. Can they really replace a human financial advisor?

Robots need to be your subsequent monetary advisor. Not too way back, that notion might have smacked of sci-fi whimsy — “Star Wars” cyborg C-3PO in an influence go well with on Wall Road, maybe. However robots, or so-called “robo-advisors,” might quickly handle greater than $1 trillion of Individuals’ wealth. These aren’t truly tangible robots; … Read more

Bitcoin millionaires are moving to Puerto Rico for lower taxes and island living

In March 2021, crypto entrepreneur and investor David Johnston moved his dad and mom, spouse, three daughters, and firm with him to Puerto Rico. The 36-year-old, who has been concerned within the crypto ecosystem since 2012, says the choice to relocate from Austin was sort of a no brainer.  Past the truth that Puerto Rico … Read more

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