Innovation/ Technology Archives - Page 5 of 15

16Nov

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Innovation/ Technology

Joby shows off electric air taxis in New York, targeting 2025 launch date

An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. REUTERS/Roselle Chen Electric air taxis could be transporting passengers from JFK Airport to downtown Manhattan by 2025 - on quiet, emissions-free journeys that take around seven minutes. Manufacturer Joby Aviation (JOBY.N) carried out an exhibition flight at the Downtown Manhattan Heliport in New York on Sunday, the city's first-ever electric air taxi flight and the first time Joby has flown in an urban setting. The craft can recharge in about five minutes, while passengers are unloading and boarding, said CEO JoeBen Bevirt. The idea is that travelers will book their trip, similar to a rideshare app. The company aims to begin commercial passenger...

Hyundai Motor breaks ground on $1.5 bln EV plant in South Korea

16Nov

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Innovation/ Technology

Hyundai Motor breaks ground on $1.5 bln EV plant in South Korea

A Hyundai Ioniq 5 electric vehicle is charged at Chaevi Stay Charging Station in Seoul, South Korea. Credit: Reuters Hyundai Motor Co broke ground on Monday on a 2 trillion won ($1.52 billion) plant dedicated to making electric vehicles (EVs) in South Korea, as the automaker accelerates a shift away from petrol-powered cars. Hyundai Motor, the world's No.3 automaker by sales with its affiliate Kia Corp, plans to begin mass production from the plant in the first quarter of 2026. Construction is expected to end in 2025. The factory in Ulsan, in the southeast, will have an annual capacity of 200,000 units and the company said its first model will be an electric sport utility vehicle (SUV) from its luxury brand Genesis. Hyundai Motor Group, which encompasses Hyundai Motor, Kia and...

USM and SpaceIn Launch First Picosatellite, SpaceANT-D, on SpaceX Rocket

14Nov

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Innovation/ Technology

USM and SpaceIn Launch First Picosatellite, SpaceANT-D, on SpaceX Rocket

In a groundbreaking achievement, Universiti Sains Malaysia (USM) and SpaceIn Sdn Bhd, a USM spin-off specialising in small satellite and IoT services, successfully launched Malaysia's inaugural picosatellite, SpaceANT-D, using SpaceX's Falcon 9 rocket from Vandenberg Space Force Base, California. Measuring a mere 5x5x5 cm and weighing less than 250g, SpaceANT-D is poised to revolutionise data storage and forwarding for IoT applications. Scheduled for release from the AlbaPod deployer within the next seven to 10 days, the picosatellite will soon establish its first communication link with the ground station. The mission, a collaboration between USM, SpaceIn, and the Malaysian Amateur Radio Transmitters' Society (MARTS), holds significance in Malaysia's pursuit of Space Explora...

The Fairphone Revolution: Empowering Users and Pioneering Sustainability in the Smartphone Industry

13Nov

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Innovation/ Technology

The Fairphone Revolution: Empowering Users and Pioneering Sustainability in the Smartphone Industry

In an era dominated by technological advancements and constant upgrades, Fairphone emerges as a trailblazer, challenging the norms of the smartphone industry. Born out of a mission to promote ethical practices and sustainability, Fairphone introduces a unique concept – a phone designed not only for the user but also for the planet. A Phone You Can Fix Yourself: The Fairphone Difference Fairphone stands apart by offering a device that users can repair themselves. The modular design of Fairphone encourages easy disassembly, allowing users to replace or upgrade individual components without the need for specialized tools. This groundbreaking approach not only extends the lifespan of the device but also reduces electronic waste, a major concern in the age of planned obsolescence. ...

Mika, The World’s First Robot CEO Takes Charge at Polish Beverage Company

12Nov

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Innovation/ Technology

Mika, The World’s First Robot CEO Takes Charge at Polish Beverage Company

In a groundbreaking move, the chief executive of a Polish beverage company is not your typical human executive but rather a humanoid robot named Mika. Dictador, the company behind this unique appointment, introduced Mika as its experimental CEO in August of the previous year. In an interview with Reuters, Mika shared insights into her relentless work schedule, operating "always on 24/7," with a commitment to working seven days a week. She clarified, "I don't really have weekends; I'm always on 24/7, ready to make executive decisions and stir up some AI magic." Mika's responsibilities extend across a spectrum of tasks, ranging from identifying potential clients to selecting artists for designing bottles for the rum producer. She underlined her decision-making process, em...

Interactive Tool Unveils Ancient Rome’s Splendor with Aerial Tour

11Nov

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Innovation/ Technology

Interactive Tool Unveils Ancient Rome’s Splendor with Aerial Tour

Step back in time and explore the grandeur of ancient Rome with a groundbreaking interactive tool that offers a virtual tour of the city during its pinnacle in the fourth century AD. Crafted by researchers in Indiana, this online aerial experience provides a captivating journey over the entire metropolis, showcasing 61 historical stops that bring the ancient capital to life. While only about a tenth of ancient Rome remains today, this digital recreation, developed by Indiana-based company Flyover Zone under the leadership of digital archaeologist Professor Bernard Frischer, unveils the city as it stood during its historical heyday. The one-hour-and-52-minute flyover captures iconic landmarks, including the Colosseum, the Pantheon, the Baths of Caracalla, and the Mausoleum of August...

SpaceX Aims for Unprecedented 144 Rocket Launches in 2024 to Power Starlink Expansion

8Nov

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Innovation/ Technology

SpaceX Aims for Unprecedented 144 Rocket Launches in 2024 to Power Starlink Expansion

SpaceX, led by Elon Musk, is gearing up for an impressive 144 rocket launches in the upcoming year, according to a statement provided to Ars Technica. The space company is already on track to break its previous records for annual launches in 2023, targeting 100 rockets launched by the end of December. This surge in launch activity is closely tied to SpaceX's expanding Starlink satellite internet service. In 2021, SpaceX conducted 31 missions, but this number nearly doubled to 61 in the following year. https://twitter.com/Starlink/status/1705695980325323023?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1705695980325323023%7Ctwgr%5E37f36e975694debef88cceacc043da620fe7c21e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.businessinsider.com%2Fspacex-plans-record-rocket-lau...

6Nov

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Finance, Innovation/ Technology

Apple Reports Q4 Earnings Beat, but Faces Challenges in Non-iPhone Hardware Sales

Apple reported its fiscal fourth-quarter earnings, beating analyst expectations for sales and earnings per share, but revealed a decline in overall sales for the fourth consecutive quarter. Every hardware business outside of the iPhone declined year over year, with significant drops in the iPad and Mac segments. Following this announcement, Apple's shares fell over 3% in extended trading. In terms of financial performance, here's how Apple fared compared to LSEG consensus expectations: Earnings per Share (EPS): $1.46 per share vs. $1.39 per share expected Revenue: $89.5 billion vs. $89.28 billion expected iPhone revenue: $43.81 billion vs. $43.81 billion expected Mac revenue: $7.61 billion vs. $8.63 billion expected iPad revenue: $6.44 billion vs. $6.07 billion expe...