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Two Stanford students, Roman Scott and Itbaan Nafi, have raised $2 million for their accelerator program “Breakthrough Ventures,” which funds startups founded by U.S. college students and recent graduates. The program offers selected ventures up to $10,000 in grants, computing credits, legal support, and mentorship, with an opportunity for a $50,000 follow-on investment. (Roman Scott
China’s Ministry of Industry and Information Technology has announced new regulations requiring all vehicles sold in China (excluding tailgates) to be equipped with mechanical door release mechanisms, both inside and outside the car, effective January 1, 2027. This move effectively bans the hidden, electronically operated door handles popularized by Tesla. (tesla door Getty) The regulation
Waymo, the autonomous vehicle company owned by Alphabet, has announced the completion of a $16 billion funding round, bringing its valuation to $126 billion. The round was led by Dragoneer, DST Global, and Sequoia Capital, with parent company Alphabet participating and retaining its controlling stake. Several other prominent institutions, including Andreessen Horowitz and Mubadala Capital,
Cornell University researchers are pioneering an effort to extend 3D printing technology into the ocean, developing an innovative method to print concrete directly underwater. Funded by DARPA, the project aims to enable intelligent, non-destructive construction and repair of subsea infrastructure. (Underwater Concrete 3D Printing) Traditional underwater construction faces significant challenges, notably the “washout” problem where
The Indonesian Ministry of Communication and Digital Affairs recently announced the conditional lifting of the ban on the AI chatbot Grok, developed by xAI. This decision follows similar actions taken by Southeast Asian countries such as Malaysia and the Philippines, which had previously imposed bans due to the tool being used to generate a large
If you’ve been following the news recently, you may have noticed Tether CEO Paolo Ardoino making frequent appearances in media outlets like Reuters and TechCrunch this week. This media blitz is no coincidence—Tether just launched its first U.S.-regulated stablecoin, USAT, designed to compete directly with Circle’s USDC under new federal rules. At the same time,
Microsoft announced this week that it has deployed the first batch of its self-developed AI chip, Maia 200, in its data centers and plans to expand its application over the coming months. ( Microsoft CEO Satya Nadella) The chip is specifically optimized for AI model inference tasks, and Microsoft claims its performance surpasses that of
Currently valued at $500 billion, OpenAI is seeking a new round of financing totaling up to $100 billion. According to The Wall Street Journal, Amazon could contribute at least $50 billion of this record-breaking funding round. This unprecedented investment is expected to drive OpenAI’s valuation to a staggering $830 billion, positioning it as one of
Apple Inc. delivered strong performance in the first quarter of 2023, with iPhone sales being a particular standout, setting a new all-time quarterly record. Financial reports indicate that iPhone revenue reached $85 billion, a significant increase from $69 billion in the same period last year. (Apple CEO) During the earnings call, CEO Tim Cook noted
On Wednesday evening, international gold prices broke through the $5,500 per ounce mark, with spot gold rising 2% to a historic high of $5,588.36 per ounce, bringing the cumulative gain for the week to nearly 9%. Since the beginning of this year, gold prices have increased by approximately 20%, far surpassing the full-year growth of
