Joseph R. Biden Jr. announced on Tuesday a new plan to spend $2 trillion over four years to significantly escalate the use of clean energy in the transportation, electricity and building sectors, part of a suite of sweeping proposals designed to create economic opportunities and build infrastructure while also tackling climate change. DogDude shares a report: In a speech in Wilmington,…
Tag: Investments
Google To Invest $10B in India
Google said today it’ll invest about $10 billion in India over the next five to seven years. The company’s CEO, Sundar Pichai, said that money will be divided into investment equity investments, partnerships, and operational, infrastructure, and ecosystem investments. Investments will focus on four main areas: Information access in Indian languages.
Building products for the Indian market.
Empowering local businesses.
Leveraging AI for good…
Why Expanding Highways Makes Traffic Worse
An anonymous reader quotes a report from Gizmodo: Americans drove 40 percent more miles in 2019 than they did in 1994, according to the U.S. Department of Transportation. More driving means more congested traffic. So to reduce congestion, it makes sense to build more highway lanes so that more cars can fit. Right? Actually, no. A new report from the policy…
Mozilla Eyes Decentralized Web-Based Videoconferencing Platform ‘Meething’
Last month Techcrunch reported that Mozilla had gone “full incubator” by holding a startup lab called Fix the Internet, followed by “a formal program dangling $75,000 investments in front of early-stage companies…” Fix the Internet had many key themes, including collaboration and decentralization (as well as user-controlled data and privacy-protecting social networks). That event “drew the interest of some 1,500 people…
India Plans $6.6 Billion in Incentives To Woo Smartphone Makers
India is offering financial incentives and plug-and-play facilities with an outlay of about 500 billion rupees ($6.6 billion) to attract investments from global companies in the manufacture of mobile phones and related components. From a report: The government will initially target five global suppliers and extend a financial incentive of as much as 6% on incremental sales of goods made in…
Carbon Emissions Dropped 17 Percent Globally Amid Coronavirus
An anonymous reader quotes a report from NBC News: The coronavirus pandemic has forced countries around the world to enact strict lockdowns, seal borders and scale back economic activities. Now, an analysis published Tuesday finds that these measures contributed to an estimated 17 percent decline in daily global carbon dioxide emissions compared to daily global averages from 2019. It’s a worldwide…
Uber Loses $2.9 Billion, Offloads Bike and Scooter Business
Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. Tech Xplore reports: The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to Lime, a company in which it is…
Oil Crash Busted Broker’s Computers and Inflicted Big Losses
An anonymous reader quotes a report from Bloomberg: Syed Shah usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn’t resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever. The day trader, working from his house in a Toronto suburb, figured he couldn’t…
Trump Administration Lists Some of Amazon’s Foreign Websites as ‘Notorious’ Counterfeit Markets
The Trump administration Wednesday included Amazon’s foreign websites in Canada, the U.K., Germany, France and India in its annual report on “notorious markets” for counterfeit foreign goods, the first time a U.S. company’s overseas operations have been listed. From a report: The inclusion does not carry any penalty, other than the embarrassment for Amazon of being listed alongside other websites and…
Are We on the Cusp of a Metaverse, the Next Version of the Internet?
The Washington Post describes it as “the next internet.” Wikipedia defines it as “a collective virtual shared space…including the sum of all virtual worlds, augmented reality, and the Internet.” But it was Neal Stephenson who named it “the metaverse” in his 1992 science fiction novel Snow Crash. Are we closer to seeing it happen? The Washington Post reports:
In the past month,…