Dan Gwak has had a more varied life than many investors. He grew up in Jakarta, the son of Korean parents who ran a shipping business. After high school, he headed to Cornell in the U.S., and became an associate at The Carlyle Group. Everything was moving up and to the right, so to speak.…
Astra has laid off 25% of its workforce since the beginning of the quarter and is reallocating at least 50 engineers and manufacturing staff away from its launch business to focus on spacecraft production, the company said Friday. The reallocation and layoffs are expected to delay testing of the under-development Rocket 4 and Launch System…
Autonomous-driving company Pony.ai and Toyota say they’re teaming up with the goal of one day cranking out a bunch of “fully driverless robotaxis.” The two companies intend to kick off their partnership sometime this year with around $139 million in capital from GAC Toyota Motor Co. — a joint venture between Toyota China and GAC,…
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Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of company’s restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company…
Fisker, the automotive startup-turned publicly traded company founded by famed automotive designer Henrik Fisker, revealed Thursday night a dizzying array of EV prototypes from a beefy pickup truck with an expandable bed, and grand tourer sports car with up to 600 miles of range to a souped-up, off-road version of its Ocean SUV and the…
Apple’s Q3 earnings presented a mixed bag for the company, as iPhone revenue continued to slide. The handset brought in $39.67 billion for the quarter, down from $40.66 this time last year. The drop certainly isn’t an anomaly amid an overall declining smartphone market. Once again, however, the hardware slowdown was blunted by the company’s…
Service mesh specialist Tetrate today announced that Tetrate Service Express (TSE), the company’s service mesh solution for Amazon’s EKS container service, is now generally available. TSE combines Tetrate’s Istio-based service mesh solution with a zero-trust security solution that helps users manage how their services talk to each other and outside services. Tetrate’s focus on Istio…
Elon Musk-owned X, formerly Twitter, is facing legal action brought under copyright law in France. The Agence France-Presse (AFP) news agency has announced that it’s suing the social media platform over what it calls a “clear refusal” to enter into discussions with it about remuneration for the sharing of its news content on X. AFP…
The way artificial intelligence can write software has already prompted many companies to introduce code-generating products, so it’s no surprise that SettleMint, a low-code blockchain programming tool for enterprises, recently added an AI assistant to its platform. The AI assistant, which arrived about nine months after SettleMint announced its 16 million euro Series A funding…
