Nio secures $1.9 billion injection from parent, shareholders
A cash burn has triggered analysts’ concerns, and Nio, which has never been profitable, reported a 4.5 billion yuan second-quarter loss, though sales surged to 17.5 billion yuan......»»
Chery weighs Hong Kong IPO for $7 billion auto arm
Chery Auto is one of China’s biggest car exporters and one of only a few not listed. It is a key asset of Chery Group, which also provides financial and real estate services......»»
Damage and insurance losses from Hurricane Helene could cost billions
Insurance losses are expected to reach roughly $6.4 billion, and insurance providers may reevaluate how they price policies and what types of coverage they offer......»»
OpenAI secures $6.6 billion in latest funding round
Thanks to $6.6 billion in funding from the likes of Microsoft and Nvidia with a $157 billion valuation, OpenAI is now one of the wealthiest private enterprises on the planet......»»
Critical Ivanti Endpoint Manager flaw exploited (CVE-2024-29824)
CVE-2024-29824, an unauthenticated SQL Injection vulnerability in Ivanti Endpoint Manager (EPM) appliances, is being exploited by attackers, the Cybersecurity and Infrastructure Security Agency has confirmed by adding the bug to its Known Exploited V.....»»
EVgo gets $1.05B loan to build 7,500 DC fast chargers
EVgo will focus on underserved communities where people can't charge at home. The electric vehicle charging company EVgo has secured conditional approval for a $1.05 billion loan.....»»
Community sports need provincial "assist" to thrive, says report
Whether it's a children's soccer league run by parent volunteers or an adult hockey team whose players spend as much time socializing as shooting pucks, amateur sports play a vital role in enhancing community engagement and public health......»»
2-billion-year-old rock could help understand very early life on Earth and the hunt for evidence of life on Mars
Pockets of microbes have been found living within a sealed fracture in a 2-billion-year-old rock. The rock was excavated from the Bushveld Igneous Complex in South Africa, an area known for its rich ore deposits. This is the oldest example of living.....»»
There were more black holes in the early universe than we thought, research finds
Supermassive black holes are some of the most impressive (and scary) objects in the universe—with masses around 1 billion times more than that of the sun. And we know they've been around for a long time......»»
U.S. offers EVgo conditional $1.05 billion loan for EV chargers
If finalized, the loan guarantee will support EVgo's deployment of about 7,500 public stalls with high power chargers that can power two EVs simultaneously at nearly 1,100 stations......»»
Stellantis CEO Carlos Tavares says too soon to confirm 2025 dividend
Shares slid nearly 4 percent to their lowest since July 2022 as investors fret that soaring costs of reviving the automaker's U.S. business will threaten its generous payouts to shareholders......»»
Three hard truths hindering cloud-native detection and response
According to Gartner, the market for cloud computing services is expected to reach $675 billion in 2024. Companies are shifting from testing the waters of cloud computing to making substantive investments in cloud-native IT, and attackers are shiftin.....»»
DirecTV/Dish merger has a problem as debt holders object to $1.6 billion loss
Debt holders oppose $1.6 billion value reduction, throwing wrench into TV merger. DirecTV's agreement to buy the Dish satellite and streaming TV business from EchoStar is facing o.....»»
OpenAI is now valued at $157 billion
OpenAI has nearly doubled what investors think it's worth—but there's a catch. OpenAI, the company behind ChatGPT, has now raised $6.6 billion in a new funding round that values.....»»
Patients Are Turning to Vibrators to Relieve Their Migraines
One billion people experience migraines, yet the perfect treatment is still out of reach. Can a vibrator offer a surprising solution?.....»»
Eight Scientists, a Billion Dollars, and the Moonshot Agency Trying to Make Britain Great Again
The Advanced Research and Invention Agency—ARIA—is the UK's answer to Darpa. But can it put the country back on the scientific map?.....»»
Nvidia just released an open-source LLM to rival GPT-4
Nvidia just released a 72 billion-parameter, open-source LLM that will rival GPT-4.....»»
Dish creditors “revolt” over DirecTV merger, try to block loss-making deal
Debt holders oppose $1.6 billion value reduction, throwing wrench into TV merger. DirecTV's agreement to buy the Dish satellite and streaming TV business from EchoStar is facing o.....»»
First-ever artificial cell nuclei created in living egg from purified DNA injection
A research group is the first in the world to succeed in constructing artificial cell nuclei by injecting purified DNA solution instead of sperm into living mouse eggs. Their findings are published in the journal Genes to Cells......»»
U.S. issues $2 billion electric vehicle tax rebates since Jan. 1, Treasury says
The U.S. government has issued $2 billion in advance point-of-sale consumer EV tax credit payments since Jan. 1 covering more than 300,000 vehicles, the Treasury said Oct. 1......»»
The grid is insufficient for renewables. BPA has a $2 billion plan.
The grid is insufficient for renewables. BPA has a $2 billion plan......»»