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A News Digest on Video Streaming, Self-Driving Cars and Other Tech Trends #5

  • 1-2 min read
  • August 11, 2021
  • 👍 Rating — 5 (4 votes)

Kuaishou Technology
Chinese online video company, Kuaishou Technology, ByteDance’s main rival in China, is seeking to raise as much as $5.4B through an IPO in Hong Kong and is slated to list on Feb. 5

Microsoft, GM, Cruise Partner on Self-Driving Cars A strategic partnership with Microsoft was announced Tuesday by General Motors and Cruise to speed up the commercialization of shared self-driving vehicles. Besides, Microsoft will be joining GM, Honda, and some institutional investors in adding US$2 billion to Cruise’s coffers, bringing the value of the shared self-driving vehicle company to $30 billion.

Electric Car Charging Service EVgo Going Public As Biden Readies Clean Vehicle Push EVgo, which claims to operate the biggest public fast-charging network for electric vehicles in the U.S., is joining the rush to capitalize on the demand for clean-tech investments with plans to list shares via a SPAC merger that would create a company worth an estimated $2.6 billion.
The European startups
The European startups are hacking the aging process. The innovations that will extend our lives and delay the definite end.

Ultra-secure messaging service Element sees a fivefold increase in signups after the Whatsapp privacy debacle. Element, as opposed to Signal, allows users to choose which server they host their data on. Element’s selling point is that it is not only end-to-end encrypted (like Whatsapp and others) but is built on Matrix, an open-source, decentralized network that anyone can use to build communications channels.

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