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Lucid recalls 27,185 Air sedans over a software fuse that did not cut the power

Business, Cars, Digital Marketing, Electric vehicle, SEO Tips, Technology /

Lucid is recalling 27,185 Air sedans because the software eFuse protecting their exterior lighting circuits can allow overheating, with owners told to park away from structures until the car is updated. The filing records three fires and four smoke incidents, the first in a Lucid-owned car in June 2023. Lucid is recalling 27,185 Air sedans […]

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Lambda inks $1B private debt for Nvidia chip deal

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

Lambda has raised about $1B of private short-dated debt arranged by JPMorgan to buy Nvidia GPUs that Microsoft will lease, according to Bloomberg. The same structure funds Nebius, which borrowed $775M against its own chips and holds a five-year Microsoft contract worth $19.4B. Lambda has raised about $1B of private debt to buy Nvidia chips […]

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BMW has sold two million electric cars, and Europe bought seven in ten of the ones it shifted last quarter

Business, Cars, Digital Marketing, Electric vehicle, Europe, SEO Tips, Technology /

BMW has delivered its two millionth fully electric vehicle, an i5 M60 xDrive built at Dingolfing and handed to a customer in Spain. Europe accounted for 81,445 of the 116,807 battery-electric cars the group sold in the second quarter. BMW has handed over its two millionth fully electric car. The i5 M60 xDrive was built […]

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France’s Pasqal is public, with $360M and a valuation of about 100 times revenue

Business, Digital Marketing, Europe, Investors and funding, Next Featured, Quantum tech, SEO Tips, Technology /

Pasqal began trading on Nasdaq on Friday under the ticker PSQL, five months after announcing it would go public through a special purpose acquisition company. Shares surged on the debut, according to Reuters. The merger with Bleichroeder Acquisition Corp. II closed on 27 August, a day after shareholders approved it, leaving the company with roughly […]

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Lovable has the .com now, and it belonged to an Italian lingerie brand

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If you type lovable.com into a browser now, you land on a vibe-coding platform valued at $13.3bn. If you had typed it a month ago, you would have landed on an Italian underwear company, which is the more interesting half of the sentence. We checked the domain on Friday, after seeing some reports, and the […]

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SoftBank seeks a second $10bn loan against its OpenAI stake

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SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not independently verified the report and could not review its full terms, so what follows sets the reported request against the […]

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Nvidia has paused parts of the revenue-sharing programme it launched in July

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Nvidia has halted some of the transactions under the financing programme it introduced eight weeks ago, in which it extends credit to AI cloud companies buying its chips and takes a cut of what those chips later earn, the Wall Street Journal reported on Thursday. The scheme was announced on 1 July, and it does […]

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