Ford Said to Cut Thousands of Jobs to Cut Costs in Transition to Electric Vehicles

Ford is expected to provide an update on its plan to transform to electric vehicles in a conference call today. US carmaker Ford is preparing to cut several thousand jobs to reduce costs and intensify its transition to electric vehicles, US media reported on Wednesday. The group is expected to announce the elimination of more than 4,000 jobs in the...

Scientists Use Water, Sunlight And CO2 To Develop Carbon-Neutral Aviation Fuel

The solar-made kerosene, or jet fuel, is fully compatible with the existing way fuel is stored, distributed, and used in a plane’s engine. Taking carbon dioxide, water and sunlight as only inputs, researchers in Switzerland have developed carbon-neutral, sustainable versions of diesel and aviation fuel. This is the first time that fuel has been produced in a power generator rather...

Polygon Launches zkEVM Scaling Solution: Here’s Everything You Need to Know

The Layer 2 network will be compatible with all existing Ethereum applications. Ethereum scaling network Polygon has launched its Zero-Knowledge Ethereum Virtual Machine (Polygon zkEVM), a new Ethereum-equivalent scaling solution based on Zero Knowledge (ZK) proofs. Polygon says zkEVM would be the “first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, harnessing advanced...

Baidu Unveils Autonomous Vehicle Without Steering Wheel, Says Will Use for Robotaxi Service

The new vehicle will possess autonomous Level 4 capabilities that need no human intervention. China’s search engine giant Baidu on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year. Cost per unit will drop to CNY 250,000 (roughly Rs. 30,00,000) for the...

Bitcoin Fails to Hold $24,000, Ether Dips Too, as the Wider Market Reacts to Tesla’s BTC Sell-Off News

The global crypto market cap saw a dip of 3.52 percent in the last 24 hours. Bitcoin is having its best week since March, up by more than 13 percent in the past week. However, the rally appears to have stalled out somewhat with the largest cryptocurrency failing to hold on beyond the $24,000 (roughly Rs. 19.2 lakh) mark. The...

Tesla Q2 Profit Beats Expectations, Elon Musk Reiterates 50 Percent Annual Vehicle Sales Growth Forecast

Tesla’s sales from April through June fell to 2,54,000 vehicles, their lowest quarterly level since last fall. Tesla’s second-quarter profit fell 32 percent from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed the production of its electric vehicles. But the Austin, Texas, company still surprised analysts Wednesday with a better-than-expected $2.26 billion (roughly...

Google Pixel 6a Price in India Revealed, to Go on Sale Starting July 28

Google Pixel 6a price in India has been set at Rs. 43,999. Google Pixel 6a and Pixel Buds Pro were launched in India on Thursday. The smartphone is now available for pre-orders in India. The Google Pixel 6a — a watered-down version of the Google Pixel 6 and the Google Pixel 6 Pro — was unveiled alongside Pixel Watch and...

Paytm’s Vijay Shekhar Sharma, Oyo’s Ritesh Agarwal and Other Tech Heads to Meet Parliamentary Panel

Representatives of Swiggy, Zomato, Flipkart, Ola, Oyo, Paytm, MakeMyTrip, and All India Gaming Association are those who have been called by the panel. Top executives of eight domestic tech firms, including Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will appear before a key parliamentary panel on Thursday to discuss the market behaviour of technology platforms amid rising...

OnePlus 10T 5G Set to Launch alongside OxygenOS 13 on August 3 at NYC Event: Details

The OxygenOS 13 will first debut with the OnePlus 10 Pro, and later also feature in OnePlus 10T 5G. OnePlus 10T 5G is all set to launch on August 3. The launch event will take place in New York City at 10:00 am ET (7:30 pm IST). As announced by the company, the OxygenOS 13 will also launch alongside the...

Yakuza 8 Screenshots Reveal Returning Characters, Ichiban’s New Haircut

Yakuza 8 is a continuation of Yakuza: Like a Dragon — set in an entirely new town. First images from the upcoming Yakuza 8 title have appeared online. A few work-in-progress screenshots from the game were leaked in a behind-the-scenes video of developer Ryo Ga Gotoku Studio. Glimpses reveal returning characters from Yakuza: Like a Dragon, including Ichiban Kasuga, who...