Spree

Tesla is preparing to launch its electric vehicles in Thailand for the first time with a significant hiring spree. It has been a little while since Tesla has expanded into a brand-new market. The company was trying hard to enter the Indian market for years, but the effort was put on hold earlier this year after negotiations with the government stalled. A few weeks later, we learned that Tesla’s new market team turned its attention to Southeast Asia, and more specifically Thailand. The automaker filed to register…

Bitcoin miners continue to dump their tokens, triggering a pause in the Bitcoin price rally Despite the majority of digital assets in the cryptocurrency market, Bitcoin emerged as the top cryptocurrency in the economic and financial markets. But BTC is majorly known for its volatility. Its brief upswing a few weeks earlier gave hope to investors, but the crypto also took a sudden fall which is making Bitcoin miners unhappy, eventually leading them to sell off their investments and make some profit for themselves.…

Tesla is going into a hiring spree for motor and actuator designers and engineers for its humanoid Optimus robot program. The automaker is actually hiring more for the robot program than for its electric vehicles. CEO Elon Musk has made it clear that Optimus, Tesla’s humanoid robot program, has become a priority for the automaker’s development teams. This level of priority is starting to be reflected in Tesla’s hiring effort. Tesla planned on leveraging some of its existing expertise to build the robot. Musk…

The hackers that breached Twilio earlier this month also compromised over 130 organizations during their hacking spree that netted the credentials of close to 10,000 employees. Twilio’s recent network intrusion allowed the hackers access the data of 125 Twilio customers and companies — including end-to-end encrypted messaging app Signal — after tricking employees into handing over their corporate login credentials and two-factor codes from SMS phishing messages that purported to come from…

Embracer Group has embarked on an acquisition spree today that includes Limited Run Games, Tripwire Interactive, and the IP rights to Lord of the Rings and The Hobbit. There are five acquisitions in total today, alongside a sixth undisclosed deal for a company in the PC and console gaming space. The Lord of the Rings and Hobbit rights mean Embracer now has control over movies, video games, board games, merchandising, stage productions, and even theme-park rights for the Tolkien fantasy franchises. This includes…

Reliance Industries has raised $10 billion (roughly Rs. 75,869 crores) in just a month through five stake sales in digital unit Jio Platforms, whose valuation has surged to $65 billion (roughly Rs. 4.93 lakh crores).That makes it India's second-most valuable stand-alone tech business after Tata Consultancy Services which is worth $99 billion (roughly Rs. 7.51 lakh crores). Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion (roughly Rs. 9.87 lakh crores) as of Thursday's…

Back 4 Blood developer Turtle Rock Studios has posted approximately 20 new job listings with most of them geared around the continued development of the aforementioned co-op zombie shooter. The job listings are looking for a diverse range of talent, from artists, animators, writers and more. Some of the jobs listed are senior, with Turtle Rock looking for a lead writer and a lead QA tester. While a couple of the jobs seem to have some scope for remote work, the majority are in-person at Turtle Rock’s studio in Lake…

Tesla, MicroStrategy, and Block owned about 85% of Bitcoin held by public companies Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of US$5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the report, Bitcoin’s 59% decline during the quarter led to staggering losses for these companies based on their previous holdings disclosure. Data on massive sale activity offers contradictory indicators just as Bitcoin is finally holding onto the…

The tech industry’s ultrarapid hiring during the pandemic is showing signs of cooling off, and a number of top executives are preparing for it to get worse. Labor Department data issued Friday showed the economy adding technology jobs in June at a pace still faster than before the onset of Covid-19, but a bit slower in some areas than in prior months. Jobs in computer and electronic products grew by 2,300 from May, for example, down from an average of more than 2,800 in the prior five months of this year.…

Last updated: July 1st, 2022 at 15:52 UTC+02:00 Samsung share prices have dropped to a 22-month low for a brief moment earlier today, as institutional investors went on a Samsung Electronics share selling spree due to worries over an economic recession looming over the South Korean market and abroad. Samsung shares finished at 56,200 won ($43.21) on Friday, but not before reaching a 22-month low of 55,900 won ($42.98). Samsung’s share value dropped 1.4% from the previous day. (via The Korea Times) Investors went on a…