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USA

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Musk’s SpaceX Shrinks Mars Rocket Ship To Cut Costs
29Sep By reutersNo Comments
USA

Musk’s SpaceX Shrinks Mars Rocket Ship To Cut Costs

To cut costs, Elon Musk’s SpaceX company has shrunk the size of the rocket ship it is developing to go to Mars, aiming to start construction on the first spaceship in the first half of next year, Musk said on Friday. (more…)
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Uber Stripped Of London License
22Sep By reutersNo Comments
USA

Uber Stripped Of London License

London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. (more…)
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What Is At Stake For Uber In U.S. Bribery Probe?
21Sep By reutersNo Comments
USA

What Is At Stake For Uber In U.S. Bribery Probe?

A U.S. bribery investigation at ride-hailing company Uber Technologies Inc will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems. Uber, which is the subject of a U.S. probe into whether it paid bribes oversees, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter has told Reuters. The following explains the possible fallout for the company. What is under investigation? Uber said in August that it was cooperating with a preliminary investigation led by the U.S. Department of Justice into whether its managers violated a 1977 anti-bribery law, known as the Foreign Corrupt Practices Act (FCPA). The...
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San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund
18Sep By PriyankaNo Comments
FUNDING, USA

San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund

San Francisco based Slack Technologies Inc. raises $250 million funding round led by SoftBank Group Corp.’s Vision Fund, valuing the startup at $5.1 billion. According to the reports, Slack will be utilising the funds for expansion in an increasingly competitive market for workplace messaging services. The Vision Fund was joined by Accel and other investors, Slack said on Sunday. Slack, which originally pitched as a dead-simple collaboration tool, is now looking to become more of a go-to for larger businesses as it faces a very competitive field with products from Microsoft and Atlassian. Slack earlier in this month reported that it has more than 6 million daily active users and has crossed around $200 million in annual recurring. ALSO READ   SoftBank Founder Masayoshi S...
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New Device Can Turn Heat Energy To Fuel
3Sep By AdityaNo Comments
USA

New Device Can Turn Heat Energy To Fuel

Scientists have developed a device that could turn the heat generated by electronics into a usable fuel source, an advance that may help save energy. The device is a multi component, multi layered composite material called a van der Waals Schottky diode, said researchers at Washington State University (WSU) in the US. It converts heat into electricity up to three times more efficiently than silicon - a semiconductor material widely used in the electronics industry, they said. "The ability of our diode to convert heat into electricity is very large compared to other bulk materials currently used in electronics," said Yi Gu, physicist at WSU. "In the future, one layer could be attached to something hot like a car exhaust or a computer motor and another to a surface at room temperatur...
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