Saudi Arabian Fund PIF Invests $1 Billion in Tesla Rival Lucid Motors

The infusion represents a coup for Lucid Motors, a startup whose leadership includes six former Tesla executives, including an engineer who oversaw the design of the Tesla Model S.

Comments

Post a Comment

Popular posts from this blog

Coinbase to Ramp Up Web3 Initiatives in the UK as Japan, Dubai Race to Become Blockchain Hubs

The Web3 sector is catching the attention of global industries, who are now looking at metaverse and NFTs as important revamps to tackle the existing monotony in the advertising and marketing industries. While nations like Japan, Dubai, and South Korea are accelerating efforts to establish themselves as Web3 hubs, UK does not wish to be left behind in adopting the new age technology. Coinbase, which is among the biggest names in the crypto industry, will be ramping up Web3 initiatives in the UK in the coming days. Brian Armstrong , the CEO of the Coinbase crypto exchange, is set to address the UK Fintech Week on Tuesday, April 18. As per an official Coinbase blog , Armstrong will be discussing in detail how the company intends on helping the UK become an innovation hotspot for Web3 ventures. A total of nine steps have been listed by Coinbase on how more Web3 initiatives could decide UK as the epicentre of their activities. These steps include having British banks collaborate with cr...
Read more

MediaTek Announces First Chipset Built on TSMC's 3nm Process With Performance, Efficiency Improvements: Details

MediaTek on Thursday announced that it had developed its first chipset that is based on Taiwan Semiconductor Manufacturing Company's ( TSMC ) 3nm process. The company's flagship Dimensity chipset that is set to launch next year with notable improvements in performance and efficiency over current-generation chipsets. The company is yet to reveal which brands it will work with to integrate the new processor. Rivals Apple and Qualcomm are also said to be working on launching chips with the cutting-edge chip technology. The chipmaker announced in a press statement that it had successfully built its first 3nm chipset based on TSMC's advanced 3nm technology. The Taiwan-based firm also stated that its 3nm MediaTek chips will debut on smartphones, tablets, smart cars, and other devices in H2 2024. According to previous reports, Qualcomm is planning to launch a 3nm chipset this year that could arrive at its annual Snapdragon Summit event. The company also shared details of th...
Read more

iPhone 15 Series to Launch on September 12 at Apple 'Wonderlust' Event

iPhone 15 series has now got an official launch date as the California-based tech giant has announced its upcoming Apple 'Wonderlust' Event. The event is all set to be take place on September 12, and will be live streamed online. The company is expected to release a number of products at the fall launch event, including the iPhone 15 series, Apple Watch Series 9, Apple Watch Ultra 2, along with the announcement for iOS 17 and watchOS 10 launch date. However, the company has not revealed the products that will launch on the Apple Event.  Apple has officially sent out invites for the fall launch event, named 'Wonderlust'. The event will take place at Apple Park on September 12, starting at 10 AM PT (10.30 PM IST). The launch will be live streamed online on apple.com  and the Apple TV app.  The upcoming launch event will witness the launch of the iPhone 15 series, which will include iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. There have already bee...
Read more