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GM, LG Chem to invest $2.3 billion in EV battery joint venture
GM chairman and CEO Mary Barra  said Thursday morning that the automaker is forming a joint venture with LG Chem  to mass produce battery cells for its electric vehicles, a portfolio that will include a new battery-electric truck coming in the fall of 2021.   The two companies said... Read more
Voice of Fintech Podcast: Innovation at Generali Switzerland
Podcast interview with Anne-Katrin Maser, Lead Partnerships and Ecosystems at Generali Switzerland. Voice of Fintech talks about how Generali cooperates with startups, through their innovation garage, partnerships or participation in the F10 Incubator/Accelerator.   Anne-Katrin Maser, Lead Partnerships and Ecosystems at Generali Switzerland explains Generali’s approach to open innovation,... Read more
7 Ways Blockchain Can Transform Traditional Car Business and Impact the Market In The Future
Gone are the days when blockchain was an unheard term.   Now, blockchain and cryptocurrencies have become a force to be reckoned with. According to TechJury, the blockchain market is expected to reach a whopping value of 20 billion dollars by 2024.   Moreover, as per a survey conducted... Read more
Video Communication Startup Loom Raises $30M Series B
Workplace communication apps are still drawing money from investors, with Loom being the latest to receive venture dollars.   The video communication app company raised $30 million for its Series B round, which was led by Sequoia Capital. Existing investors from Kleiner Perkins and Figma also participated in the... Read more
Swiss Government Wants to Further Improve Framework Conditions for Blockchain
During its meeting on 27 November 2019, the Federal Council adopted the dispatch on the further improvement of the framework conditions for DLT/blockchain. The proposal is aimed at increasing legal certainty, removing barriers for applications based on distributed ledger technology (DLT) and reducing the risk of abuse.   In... Read more
Microsoft Azure gets into ag tech with the preview of FarmBeats
At its annual Ignite event in Orlando, Fla., Microsoft  today announced that Azure FarmBeats, a project that until now was mostly a research effort, will be available as a public preview and in the Azure Marketplace, starting today. FarmBeats is Microsoft’s project that combines IoT sensors, data analysis and... Read more
China’s central bank inks deal with Huawei on fintech research
Chinese telecommunications giant Huawei has signed a new partnership agreement with the Digital Currency Research Institute of the People’s Bank of China (PBOC), the country’s central bank, focused on financial technology research, the company announced on Monday.   Why it matters: Fintech is considered a key development for the... Read more
Chinese EV startup XPeng Motors raises $400 million, takes on Xiaomi as strategic investor
XPeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi  as a strategic investor, the company announced.   The Series C includes an unidentified group of strategic and institutional investors. XPeng Motors... Read more
China has more tech unicorns than any other countries
China has surpassed the United States as the country with the most unicorns, with 206 privately held tech startups each valued at $1 billion or more, the Hurun Research Institute said on Monday.   The report identified 494 unicorns worldwide as of June 30, 2019. Why it matters: China... Read more
Uber Money is Uber’s new team focused on financial products and services
Uber is further exploring the financial services business with the creation of a new team, Uber Money. Uber Money is now responsible for all things pertaining to financial products designed to support drivers, Uber Money head Peter Hazlehurst wrote in a blog post.   Within the driver app, drivers... Read more