The US Securities and Exchange Commission proposed new rules today that could require companies to update investors annually on how much pollution they're pumping out. The proposed rules are supposed to protect investors as companies cope with disasters linked to climate change. The rules are likely to face legal challenges, and there’s also pushback within the commission.
Lucid Motors is a German-based startup that's targeting the luxury sedan market. The company has a pre-production version of its Dream Edition Performance for review. The car starts at $169,000 and has 1,111 horsepower and a range of over 450 miles.
VMware is incentivizing channel partners to drive application modernization and Kubernetes sales with Tanzu. New incentives include 30 percent margins on new customer opportunities and tens of thousands of dollars in presales and post-sales rewards.VMware Tanzu is a suite of products and services that helps customers run and manage KuberNETes clusters across public and private clouds.
A Lapsus$-affiliated account on messaging application Telegram posted a photo of internal source code repositories aLapsus$ hacker group may have breached Microsoft source code repositories, reports say. The repository appears to show access to Bing- and Cortana-related projects. Microsoft says it is aware of the claims and is investigating. Lapsu$ has previously targeted big tech companies, including Samsung and Niplex.
The metaverse is a fully immersive internet where we can access augmented and virtual reality. We will be able to access and interact with all sorts of environments using persistent avatars and innovative digital technology. The concept of the metaverse has been around since 1838, when scientist Charles Wheatstone outlined the concept of "binocular vision"
Visa and Bantu Foundation collaborating to connect digital asset-linked Visa cards to the BantU Network Utility Token (XBN) Transactions for all digital assets issued on the Bantsu Network settle in 2-4 seconds for significantly low network fees. Transactions will be supported by a major Pan-African bank and leading Visa Banking Identification Number (BIN) Sponsor.
Abu Dhabi Global Market releases guidance on non-fungible tokens (NFTs) The regulator is trying to bring the digital assets into its regulatory ecosystem. The paper is open for comment until May 20. The free zone's CEO says the regulator started looking at NFTs at least six months ago.
Heineken set up a virtual launch to promote a "new virtual beer" The mock launch took place in a virtual brewery in Decentraland - a virtual world owned by users. The beer was described as being brewed with "binary-coded hops grown by NPC (non-player character) farmers"
Activists are taking aim at the beaten-down cloud software sector. Everbridge, Anaplan and Box are among the companies targeted. The sector has been battered this year as investors rotate out of growth and risk. The WisdomTree Cloud Computing Fund has fallen 21% since the start of 2022.
5G is fast, but it's a power hog. There are no killer apps requiring the high data speeds just yet. Carriers are offering aggressive trade-in deals to get people to upgrade to the latest 5G models. According to Counterpoint Research, global sales of 5G smartphones surpassed 4G handsets for the first time in January.
Elon Musk’s ties to China are causing unease in Washington, including among some Republican lawmakers who have been among the billionaire entrepreneur’s ardent supporters. The concerns center on the potential for China to gain access to the classified information possessed by Mr. Musk’s closely held Space Exploration Technologies Corp., including through SpaceX’s foreign suppliers that might have ties to Beijing.