Technology

Congress probes Ford’s big battery deal with China’s CATL

July 21, 2023
In a public letter addressed to Ford boss Jim Farley, House Republicans Mike Gallagher and Jason Smith announced that two congressional committees are investigating the automaker’s licensing deal with Chinese battery maker CATL. The probe centers on Ford’s efforts to put CATL’s battery cell technology to use at an upcoming, $3.5 billion battery cell plant […]

FedNow is finally live in the US

July 21, 2023
The U.S. government’s instant payment system, FedNow Service, went live this week.  Here’s a quick refresher on what that is: FedNow is an instant payment infrastructure for transferring money that promises to be a faster payment rail for financial institutions, offering immediate access to funds no matter the day or time. As you know, this […]

Pitch Deck Teardown: CleanHub’s $7M seed deck

July 21, 2023
Plastic in ocean bad. Plastic not in ocean good. That’s, in a nutshell, the pitch for CleanHub. The company has designed a whole business model and a track-and-trace model around that, so brands can rest assured that their plastics don’t end up in the oceans. Who these brands are, and what happens to the plastic […]

The Download: digital dollars, and AI guidelines

July 21, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Is the digital dollar dead? In 2020, digital currencies were one of the hottest topics in town. China was well on its way to launching its own central bank digital currency, or CBDC,…

OpenAI’s head of trust and safety Dave Willner steps down

July 21, 2023
A significant personnel change is afoot at OpenAI, the artificial intelligence juggernaut that has nearly single-handedly inserted the concept of generative AI into global public discourse with the launch of ChatGPT. Dave Willner, an industry veteran who was the startup’s head of trust and safety, announced in a post on LinkedIn last night that he […]

Grab acquires Singapore’s third-largest taxi operator Trans-cab 

July 21, 2023
Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab, the city state’s third largest taxi operator.  The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quarter of 2023 and includes “Trans-cab’s taxi and car rental business, maintenance workshops and […]