Posts

Showing posts with the label Amazon -Tech Items

After splitting with Kanye West, British audio startup Kano asks for funding

Image
  KEY POINTS Kano, which sells hardware targeted at musicians and creatives, is launching a new equity investment round that’s open to the public after cutting ties with controversial rapper Kanye West. West, whose legal name is Ye, collaborated with Kano on the startup’s Stem Player audio device and at one point had offered to acquire the company for $80 million, CEO Alex Klein told CNBC. After a dispute over terms, and a series of antisemitic outbursts from Ye, Kano walked away from the deal and in January ended its commercial agreement with Ye for good. Klein is hoping to look past the ordeal, and is planning to use the funding to invest in the development of a new product, the Stem Headphones. Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP British audio and computing hardware startup Kano is planning to raise equity funding from its users and fans, as the company tries to chart a path forward after cutting b

SEC commissioner Peirce publicly rebukes her agency, Gensler on crypto regulation

Image
  KEY POINTS SEC commissioner Hester Peirce issued a public dissent to her agency’s enforcement action against crypto exchange Kraken. Peirce said that the current regulatory environment made it impossible for crypto-related offerings to even gain approval. Peirce’s dissent comes as SEC chair Gary Gensler continues to crack down on crypto-related offerings and companies. Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images Hester Peirce of the Securities and Exchange Commission  publicly rebuked  her agency’s crypto enforcement, calling it   “paternalistic and lazy” and   asking if a “hostile” regulator is the best solution for the industry. Peirce, who was appointed to her post as commissioner by President Donald Trump in 2018, wrote in a statement on Thursday that she disagreed with the SEC’s assertion that the shutdown of crypto e

Elon Musk promised a lot with the Tesla Semi. Here’s how it stacks up now that it’s finally here

Image
  SHARE Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email WATCH NOW VIDEO 16:05 The Tesla Semi is finally here In this article PEP UNCH TSLA +0.78 (+0.37%) Follow your favorite stocks CREATE FREE ACCOUNT First announced by Elon Musk in 2017, the  Tesla  Semi has been one of the longest-delayed products in the company’s history. But the new electric truck is finally here, with  PepsiCo  being the first customer to receive  some of the 100 vehicles it pre-ordered . “PepsiCo owns one of the largest private fleets in North America, and that’s one of the reasons we have partnered with Tesla,” said Mike O’Connell, vice president of supply chain for Pepsi. “We have the 15 in Modesto that we’re launching ... and then we have 21 in Sacramento.”  To start, Pepsi is using the trucks to deliver Frito-Lay products from its Modesto, California, facility up to 425 miles on a single charge. It is also delivering Pepsi out of its Sacramento warehous

Google has avoided mass layoffs so far, but employees worry their time may be coming

Image
  KEY POINTS Google employees say there’s growing anxiety internally that layoffs may be coming. A recent change in performance reviews along with increased chatter about cuts to travel budgets and swag is contributing to the concern. Google is coming off its weakest quarter for revenue growth since 2013, other than one period during the pandemic. Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters As industry-wide layoffs hit bigger tech names, some  Google  workers worry they’re next. While Google has so far avoided the widespread job cuts that have hit tech companies, particularly those supported by a slumping ad market, internal anxiety is on the rise, according to documents viewed by CNBC and employees who spoke on the condition of anonymity. Alphabet executives have stressed the need to sharpen “focus,” bring down costs of projects and make the company 20% more efficient. Ther