Dr Kerry Schott to take over as acting board chair of the Australian Rail Track Corporation for the financially troubled Inland Rail project. Infrastructure Minister Catherine King and Finance Minister Katy Gallagher made the announcement of Schott’s appointment, replacing current chair Peter Duncan, who will be taking a three-month leave of absence to serve as…
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Intel discontinues production of crypto mining chip series ‘Blockscale’
Intel has reportedly decided to discontinue its crypto mining chip series, called Blockscale, just a year after it was launched. The company plans to stop accepting orders for the series by 20 October 2023 and cease shipment by 20 April next year. According to Reuters, the volatility in the cryptocurrency market has hurt chipmakers, including…
Netflix to crack down on U.S. password sharing by end of June 2023
In a letter to shareholders on April 19th, Netflix announced that it will be cracking down on US password sharing by the end of June 2023. The company’s second quarter of the financial year will see a broad rollout of paid sharing, which means that people who are not living in the same household but…
Australia plans to boost electric car uptake with new emissions standards
Australia is introducing new standards to target vehicle emissions, aiming to increase the adoption of electric cars and catch up with other developed economies. Last year, only 3.8% of cars sold in Australia were electric, lagging behind Britain and Europe where electric cars accounted for 15% and 17% of sales, respectively. The national electric vehicle…
Tesla lowers prices for Model Y and Model 3 in the US for the sixth time this year
Tesla Inc (TSLA.O) has once again reduced prices for some of its Model Y and Model 3 electric vehicles in the United States, as seen on its website late on Tuesday. This is the sixth time the company has lowered U.S. prices this year, as it faces concerns about its profit margins. Ahead of its…
Samsung regains top spot in global smartphone market in Q1 2023
Samsung has once again regained its position as the top smartphone vendor globally in the first quarter of this year, slightly edging out its main competitor, Apple. This is according to a report released by market tracker Canalys on Wednesday. During the first quarter of this year, Samsung held a market share of 22%, while…
Google’s Pixel Fold to launch in June with trade-in promotions and possible free pixel watch offer
Google’s highly-anticipated Pixel Fold smartphone is expected to make its debut at the company’s annual developer conference, Google I/O, on May 10th, according to a recent report by CNBC. This foldable device, which will rival Samsung’s Galaxy Z Fold 4, is expected to feature a 7.6-inch primary screen and a 5.8-inch cover display. Pre-orders for…
Luxury people carrier Lexus LM to bring first-class mobile experience to the UK
Lexus, the luxury carmaker, is set to introduce its latest model in the UK – the Lexus LM. Described as a luxury people mover, the car is a people carrier or minivan that is favored by the rich and famous in the Far East, particularly in Japan and Hong Kong. The Lexus LM aims to…
Samsung Showcases Latest Galaxy Products at 2023 World IT Show in Seoul
Samsung is set to showcase its latest range of products at the 2023 World IT Show, which is currently taking place at COEX in Samseong-dong, Seoul, South Korea. With a huge list of products in its portfolio, Samsung aims to highlight the innovation and value provided by its Galaxy devices at the event. The exhibition…
UK inflation remains in double-digits in March, surprising economists
UK inflation unexpectedly remained in double digits in March as households continued to grapple with soaring food and energy bills. The Consumer Price Index (CPI) rose by an annual 10.1%, according to the Office for National Statistics, above a consensus projection of 9.8% in a Reuters poll of economists. This is a slight dip from…
San Francisco’s Evergrow raises $7M to fund more clean energy projects
Evergrow, a San Francisco-based provider of a platform for clean energy tax credits, has raised an additional $7 million in funding. This latest round, led by existing investors including First Round Capital, XYZ Venture Capital, Congruent Ventures, and Garuda Ventures, brings the total amount raised to $14 million. The company plans to use the funds…
Vinci Games announced successful closing of its seed funding round, raising $5.1 million
Vinci Games, a San Francisco-based virtual reality (VR) game studio, has announced the successful closing of its seed funding round, raising $5.1 million. Makers Fund led the round, with participation from Y Combinator, Soma Capital, Pioneer Fund, Anorak Ventures, BonAngels, and Twitch co-founder Kevin Lin. The funding will be utilized for the development of Vinci…