India’s CtrlS says it will invest $2B to expand datacenter business

October 12, 2023
CtrlS Datacenters, the India-headquartered data center giant, said Thursday it plans to invest $2 billion over the next six years to scale its operations and expand business, as the demand for data processing and cloud storage surges across major markets.  The Hyderabad-based company said it will invest in technologies and strategies in areas such as […]

Microsoft faces $28.9 billion tax bill in ongoing audit dispute

October 12, 2023
Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly twenty years. In a filing yesterday with the Securities and Exchange Commission (SEC), the company confirmed that the Internal Revenue Service (IRS) has arrived at a figure of $28.9 billion — plus penalties and interest — that Microsoft allegedly […]

EVPassport scored $200M to build out its app-less charging infrastructure

October 12, 2023
Charging infrastructure startup EVPassport says its charging stations are designed to pass the grandma test. “When you arrive, you don’t need to download an app. You just scan a QR code and it integrates with your digital wallet,” Hooman Shahidi, co-founder and CEO of EVPassport, told TechCrunch. “Or if you’re really old fashioned, you can […]

How AI could supercharge battery research

October 12, 2023
This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. During one of the final sessions at our ClimateTech event last week, I got to hear about how AI could help develop battery materials for future electric sports cars.   This came during…

CRED in talks to acquire mutual fund startup Kuvera

October 12, 2023
CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of mutual funds. The acquisition deliberations are ongoing and a deal could finalize within weeks, […]

Think that your plastic is being recycled? Think again.

October 12, 2023
On a Saturday last summer, I kayaked up a Connecticut river from the coast, buoyed by the rising tide, to pick up trash with a group of locals. Blue herons and white egrets hunted in the shallows. Ospreys soared overhead hauling freshly caught fish. The wind combed the water into fields of ripples, refracting the…

Bon Vivant toasts taking $15.9M to brew up versatile animal-free dairy proteins

October 12, 2023
Lyon, France-based precision fermentation startup Bon Vivant, which is using biotech techniques to reprogram yeast microorganisms to produce animal-free milk proteins with a substantially lower environmental footprint than traditional dairy, credits clarity of strategy and execution for keeping its investors enthused at a time when raising remains a challenge for many tech founders. All the […]