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Boston’s ClearMotion funded by Nio Capital to switch on in-car metaverse in China

U.S.-China decoupling is expected to discourage cross-border investments between the two superpowers as investors shy away from sanctions and geopolitical risks. But in some areas, Chinese investors a

Tesla hiring ‘high-volume’ recruiters in Quebec

Tesla is looking to hire recruiters in Quebec for a “high-volume” effort, indicating the automaker’s plans to grow in Canada. A job posting by the global battery-electric brand seeks “an extra

Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

In 2020, Chinese startup Zilliz — which builds cloud-native software to process data for AI applications and unstructured data analytics, and is the creator of Milvus, the popular open source ve

Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet

Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches th

Eat Just bags $25M, gets Alibaba’s help to sell alternative protein in China

China is a notoriously difficult market for international startups to crack, but one company seems to have found the recipe for wooing the country’s picky consumers. Three years after Eat Just l

3 things to watch for on Rivian’s Q2 earnings day

Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech winter.” The firm has raised $35 million on the hee

Baidu reveals the next-gen robotaxi that will be deployed throughout China

Baidu, the Chinese search engine giant that has plowed money into AI and autonomous vehicle technology, unveiled Wednesday a new all-electric robotaxi that it plans to deploy at scale across China. Ba

4 indicators to watch for on Tesla Q2 earnings day

Elon Musk has dominated this summer’s headlines beyond the EV business he’s trying to scale. During the first half of July, the Tesla CEO commanded attention for adding twins to his brood of 10 ch

Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. Th

A huge data leak of 1 billion records exposes China’s vast surveillance state

A massive store of data containing information on about one billion Chinese residents could be one of the biggest breaches of personal information in history. Portions of the leaked data appeared last

Hong Kong’s AI drug discovery firm Insilico closes $60M Series D

Insilico Medicine, a Hong Kong-based company that has been using artificial intelligence to discover new drugs since 2014, has completed a fresh round of funding. It’s a sign that certain invest

Cisco’s latest results indicate a reckoning may soon be at hand

Cisco's acquisitive approach has helped it report decent revenue growth over the years, but the disruption dogs might have finally caught up.

Synergies raises $12M to give factory managers an AI analytics assistant

There’s no lack of startups around the world trying to make industrial activities more efficient with artificial intelligence. Some invent robots to assist or replace manual labor, while others

5 predictions for Tesla Q1 earnings

As usual, it’s been a dramatic quarter for Tesla. Tesla, which will announce its first-quarter financial results Wednesday, has benefited from a global surge in consumer demand for electric vehicles

China’s EV chassis maker PIX raises $11M to build its own smart vehicles

The autonomous driving industry in China has enjoyed a boom over the past two years, with both institutional and corporate investors pouring money into a driverless future. Companies thriving in the d

China’s tech firms in limbo amid COVID resurgence, US scrutiny

2022 is not looking any easier to many Chinese tech companies. The slew of new cyberspace regulations introduced over the past year or so, from anti-competition rules to restrictions on the use of alg

What’s driving China’s autonomous vehicle frenzy?

China's autonomous vehicle industry saw a period of unprecedented acceleration in 2021, with over $8.5 billion invested in robotaxi startups, self-driving truck developers and equipment makers.

AI chip designer Moffett AI raises ‘tens of millions of dollars’ in Series A round

China’s call to foster semiconductor independence has sent investors chasing after chip startups of all sorts. Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A inj

China’s robotaxis charged ahead in 2021

Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a
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