Why China’s EV ambitions need virtual power plants

February 21, 2024
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. The first time I heard the term “virtual power plants,” I was reporting on how extreme heat waves in 2022 had overwhelmed the Chinese grid and led the government to restrict electric-vehicle…

Six things we learned from the LockBit takedown

February 21, 2024

A sweeping law enforcement operation led by the U.K.’s National Crime Agency this week took down LockBit, the notorious Russia-linked ransomware gang that has for years wreaked havoc on businesses, hospitals, and governments around the world. The action saw LockBit’s leak site downed, its servers seized, multiple arrests made, and U.S. government sanctions applied in […]

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Meet the divers trying to figure out how deep humans can go

February 21, 2024
Two hundred thirty meters into one of the deepest underwater caves on Earth, Richard “Harry” Harris knew that not far ahead of him was a 15-meter drop leading to a place no human being had seen before.  Getting there had taken two helicopters, three weeks of test dives, two tons of equipment, and hard work…

Uber Eats is launching a delivery service with Cartken’s sidewalk robots in Japan

February 21, 2024

Uber, along with partners Mitsubishi Electric and autonomous robotics startup Cartken, are launching a service in Japan that will use self-driving sidewalk robots to deliver food to customers. The companies announced that the service offered through the Uber Eats app will launch in a select part of Tokyo by the end of March. An Uber […]

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Amazon set to launch ‘special store’ for value fashion in India

February 21, 2024

Amazon is preparing to make another attempt to break into India’s fast-growing fashion and lifestyle e-commerce sector, setting up a battle with rival Flipkart, owned by Walmart, Reliance’s Ajio and SoftBank-backed upstart Meesho. The e-commerce giant plans to launch a “special store,” called Bazaar, where it will not levy any “extra charges” to sellers offering […]

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Byju’s says $200 million rights issue that cuts valuation by 99% fully subscribed

February 21, 2024

Byju’s says its recently launched $200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the edtech group and some of its largest shareholders. The Bengaluru-headquartered startup, valued at $22 billion in its last financing round in early 2022, announced last month […]

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OnePlus took a three-year ‘reflective pause’ before increasing its smartwatch battery

February 20, 2024

It’s 2024. All smartwatches should offer multiple days of battery life, full stop. As things stand now, there’s a jaw-droppingly wide range across the devices. I would go so far as to say that limited battery has been — and continues to be — the single biggest issue with the Apple Watch. The Series 9 […]

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House punts on AI with directionless new task force

February 20, 2024

The House of Representatives has founded a Task Force on artificial intelligence that will “ensure America continues leading in this strategic area,” as Speaker Mike Johnson put it. But the announcement feels more like a punt after years of indecision that show no sign of ending. In a way this task force — chaired by […]

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Zola wants to bring the wedding industry into the 21st century

February 20, 2024

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Shan-Lyn Ma, the co-founder and CEO of Zola, an online platform for wedding planning and gift registries. Ma talked about why she decided to launch the business after trying to buy a gift for a […]

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