In a statement released on June 23, the 90-year old billionaire said: “Society has a use for my money; I don't." Within the statement, he also announced he would be stepping down as a trustee of the Bill and Melinda Gates Foundation. This latest $4.1 billion donation takes Mr Buffett half of the way to […]
German automobile giant Audi has announced it will end the development of new internal combustion engine models by 2026, and will instead focus on full-electric drivetrains. Audi’s CEO, Markus Duesmann, made the announcement at a management meeting at the company’s Ingolstadt headquarters on Thursday. The transition will be gradual, with new diesel, gasoline, and hybrid […]
On Tuesday, Starlink’s president Gwynne Shotwell said that by September, SpaceX will be able to beam down Starlink satellite broadband to the entire globe, with around 1,8000 satellites already deployed. By mid-2027, SpaceX hopes to have launched around 42,000 Starlink satellites into low-Earth orbit. However, president Shotwell has said that SpaceX will need to receive […]
On Tuesday, Longyan’s city government education bureau said that Zhang Yiming, founder of multinational internet technology company ByteDance, will donate $77.35 million to the southeastern Chinese city for education. Zhang Yiming’s move is part of a wider trend by Chinese tech billionaires, who are keenly making donations, especially in education, amid a sudden and unprecedented […]
Just a month on from Norwegian exiting bankruptcy protection, the company’s CEO, Jacob Schram, is stepping down after 18 months in the role. Current CFO, Geir Karlsen, is set to take his place. Karlsen has been with Norwegian as its CFO since April 2018. He temporarily took on the position of CEO when former Bjorn […]
The German automobile giant has an 83.75% stake in the new venture, which has been named Cellforce. The Cellforce batteries will use silicon anodes, allowing them increased power density over conventional batteries. Regenerative braking will also fuel the batteries, they will be able to withstand high temperatures, and they will be capable of rapid charging. […]
Billionaire Tesla and SpaceX CEO Elon Musk has announced that he plans to sell off his remaining home, located in California’s Bay Area, to fund a Mars colony. Musk has already sold his other properties to fund the endeavour. Throughout 2020, he sold six of his Californian properties, and another in 2019, for a combined […]
American novelist and philanthropist MacKenzie Scott has donated $2.7 billion to 286 charitable organisations. Turning to her blog, Scott said she wanted to give the money to neglected and marginalised groups: “Because community-centered service is such a powerful catalyst and multiplier, we spent the first quarter of 2021 identifying and evaluating equity-oriented non-profit teams working in […]
Renewable energy technology company Heliogen has raised £108 million to push its new concentrating solar-powered (CSP) “sunlight refinery” through to markets. The technology, backed by American business magnate Bill Gates, can produce extremely high-temperature heat that can then be utilised for power generation, hydrogen production, and industrial decarbonisation. In 2019, Heliogen demonstrated a prototype of its CPS […]
The announcement comes as part of Jaguar Land Rover’s larger goal to produce only zero-tailpipe emissions vehicles by 2036. The automotive giant has also pledged to work towards becoming a net-zero carbon business by 2039. The vehicle’s fuel cells combine hydrogen and oxygen to produce electricity without combustion, with the electricity generated being used to power […]
Virgin Atlantic has suggested that the electric vertical take-off and landing vehicles (eVOTL) could fly between towns and major airports, operating as an air taxi service. The launch would come as part of a partnership with Bristol-based Vertical Aerospace, which is set to conduct test flights this year. Virgin Atlantic isn’t the only company to […]
Tesla will begin deliveries of its new Model S Plaid after the once-rescheduled “delivery event” for its high-performance version of its flagship electric sedan finally took place on Thursday. Tesla will initially make 25 deliveries on Friday evening, expanding to hundreds of cars per week, then a thousand cars per week in the next phase. […]
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