500M

Tesla will spend $500 million to build one of its so-called “Dojo” supercomputers at its Buffalo, New York factory, the state’s governor Kathy Hochul said Friday during a news conference just days after CEO Elon Musk called the project a “long shot.” Tesla’s decision was “informed by New York’s reliable power supply, strong talent pipeline and availability of usable space for the project,” according to Hochul’s office. Dojo, which was first announced at Tesla’s “AI Day” event in 2021, is a…

Ingrid Lunden / TechCrunch: Stuttgart-based Instagrid, which uses software to boost its 20kg portable batteries, raised a $95M Series C led by TVG at a $400M to $500M post-money valuation — Energy supply is one of the bigger issues impacting how technology will evolve over time — a challenge that might be feel closer … Ingrid Lunden / TechCrunch: Stuttgart-based Instagrid, which uses software to boost its 20kg portable batteries, raised a $95M Series C led by TVG at a $400M to $500M…

One month to the day after announcing a partnership with the United Arab Emirates (UAE) to launch its initial eVTOL operations in the Middle East, advanced air mobility developer Archer Aviation is celebrating another potential deal worth up to $500 million. Here’s the latest. Archer Aviation ($ACHR) should still be a top of mind name for many of Electrek’s avid readers, as this is the fourth time we’ve covered the zero-emission aircraft developer the past 30 days. At the end of October, we saw…

You’ve got to hand it to Sony for its determination to build a Marvel universe of its very own despite the evidence continuing to stack up that it’s never going to work, although at least Venom: Let There Be Carnage did give the studio’s Spider-Man Universe a stay of execution. Tom Hardy’s first outing as the symbiotic superhero raced to a massive $856 million at the global box office despite not being very good, which was unfortunately enough to embolden the culprits behind Sam Raimi’s abandoned Spider-Man 4 and the…

Elon Musk and his successor corporation to Twitter, X Corp., face a lawsuit filed by attorneys at Sanford Heisler Sharp LLP. The suit was filed Wednesday on behalf of the terminated Twitter employees who have allegedly been denied severance benefits promised them following Musk’s takeover of Twitter in October. The suit states that despite employees being promised severance benefits as part of the Twitter exit plan that existed before Elon Musk’s takeover, a plan that Musk assured employees would be…

via Paramount Even though it’s been over 30 years since it first released and immediately embedded itself in pop culture forevermore – so much so that the knives are already out after Channing Tatum announced he dared headline a remake – it’s very easy to overlook just how much of a monster Ghost really was during its initial run in theaters. The romantic fantasy with a supernatural twist has become such a well-known part of the zeitgeist – for better or worse given the sheer volume of parodies derived from its…

BUA Cement Plc on Monday said that it had secured a $500 million facility from the International Finance Corporation (IFC) and partners to develop energy-efficient cement production capacity and strengthen its equipment and logistics capabilities in northern Nigeria. The company, in a statement, said this investment, marked the largest-ever investment by IFC, will create up to 12,000 direct and indirect jobs and contribute to economic and infrastructural development within Nigeria and the greater Sahel region.…

Last Updated: May 30, 2023, 11:43 ISTBhopal Metro - Representative Image (Photo: Railway Technology)The Bhopal Metro project represents the city's progressive mindset, its eagerness to embrace modernity, and its commitment to sustainable urban planningIn a remarkable achievement, the city of Bhopal witnessed a significant milestone as 500 meters of metro track were successfully laid down. With just 3.5 kilometers remaining, the completion of this ambitious project is now within touching distance.The ongoing metro…

Apple’s leading supplier Foxconn has announced plans to invest $500 million in the Indian state of Telangana, creating around 25,000 jobs in the initial phase of the project. The news was announced by Telangana minister KT Rama Rao today. “Demonstrating the “Telangana Speed”, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today. With an investment of over $500M it shall create 25,000 direct jobs in first Phase,” Rao tweeted. Also Read | This is Govt’s new plan to…

For all the investment speculation and hype, cryptocurrency has so far struggled to find meaningful use cases. Now there’s some effort from Singapore to turn the general public into crypto adopters through blockchain payments. Cosmose AI, a nine-year-old company that uses AI analytics to track in-store foot traffic and engage with shoppers online, is partnering with Near, one of the blockchain protocols competing with Ethereum. The pair are building a payment system that allows users to shop with crypto at low…