UK car production rose by 9.9% in April, with 66,527 new models being built in the month. This was the third consecutive month of growth, and the highest level of production since January 2022. The increase in production was driven by strong demand for exports, with 82.4% of cars built in the UK destined for…
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Figure raises $70 million to build general-purpose humanoid robots
Sunnyvale, California: Figure, a startup that wants to build general-purpose humanoid robots, has raised $70 million from investors led by Parkway Venture Capital in its first external round, the company said on Wednesday. The new funding will be used to accelerate the development and manufacturing of the company’s first autonomous humanoid, which is expected to…
Infosys launches Topaz, a suite of generative AI solutions
Bangalore, India: Infosys, a leading digital services and consulting firm, has launched Infosys Topaz, a comprehensive suite of AI-centric services, solutions and platforms driven by generative AI technologies. The company said that Topaz will help unlock the potential of individuals, enterprises and communities to foster innovation and attain next-gen value generation. Topaz is a suite…
IWG expands network in Pakistan with three New locations
ISLAMABAD: IWG, the world’s largest provider of hybrid working solutions, has announced the opening of three new locations in Pakistan. The new locations, which are located in Islamabad, Lahore, and F7 Islamabad, will provide businesses of all sizes with access to state-of-the-art workspaces and amenities. The Islamabad location, which is located at Marina One, is…
Samsung Galaxy Watch 6 Classic leak reveals the return of a fan-favorite feature
Samsung’s upcoming smartwatch may bring back a feature that many Galaxy Watch fans have missed. A new leak suggests that the Samsung Galaxy Watch 6 Classic will have a physical rotating bezel, unlike the Galaxy Watch 5 that used a touch bezel. The leak comes from tipster OnLeaks, who shared renders of the Galaxy Watch…
Insider raises $105 million at nearly $2 billion valuation
Istanbul, Turkey: Insider, a Turkish artificial intelligence-backed marketing platform, has raised about $105 million in a funding round that valued the company at almost $2 billion, defying the global tech slump. The funding round was led by the Qatar Investment Authority and Istanbul-based buyout firm Esas Private Equity, Insider said in a statement Wednesday. The…
UK Cracks Down on Overseas Student Visas
The UK government announced a new immigration policy on Tuesday that will make it more difficult for overseas students to bring their family members to the UK. The new policy, which will go into effect on July 1, 2023, will only allow international students on postgraduate courses currently designated as research programmes to bring in…
Lexus Teases New Entry-Level Crossover
Lexus has released a couple of teaser images of a new entry-level crossover, which is set to be revealed on June 5. The new model, which is rumored to be called the LBX, is likely to be based on the Toyota Yaris Cross and will compete with cars like the Audi Q2 and BMW X1….
Apple strikes deal with Broadcom to boost U.S. chip production
Apple has announced a multibillion dollar deal with the U.S. chipmaker Broadcom to use chips manufactured in the United States, as part of its 2021 plan to invest $430 billion in the U.S. economy over five years. The move comes as the U.S. seeks to reduce its reliance on foreign chip manufacturers amid a global…
CRM software maker Kustomer raises $60 million after leaving Meta
Kustomer, a customer relationship management (CRM) platform that was acquired by Meta Platforms Inc (formerly Facebook) in 2020, said on Tuesday it had raised $60 million in financing as it spins out of the social media giant. The Instagram owner has been focusing on its business-messaging offerings, including monetization opportunities for WhatsApp, in a bid…
Faye Travel Insurance raises $10 million in Series A Funding
Faye, a New York-based travel insurance startup, announced today that it has raised $10 million in Series A funding. The round was led by Munich Re Ventures, with participation from existing investors Viola Ventures and F2 Venture Capital. Additional investors included Menora Tech and Mike Nelson. The company intends to use the funds to quadruple…
Delta to Stop Flying Between Boston and Westchester
Delta Air Lines announced on Monday that it will stop operating flights between Boston Logan International Airport (BOS) and Westchester County Airport (HPN) in September. The route launched in October 2022 and is operated by Delta Connection partner Republic Airways with its Embraer ERJ-170 and ERJ-175 jets. The 166-mile route – one of the shortest…