Startup News: 30th May 2022 - 5th June 2022

Sajitha

6th Jun'22

Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.

 

30th May 2022

 

Nvidia

 

1. Nvidia’s AI-powered supercomputers advance nuclear fusion research

At ISC 2022, Nvidia is announcing that the U.K. The Atomic Energy Authority (AEA) is using the Nvidia Omniverse simulation platform to accelerate the design and development of a full-scale fusion reactor. Read More

2. SWVL plans to lay off 32% of its team two months after going public

Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce, it said in a statement today. This downsizing from the Dubai-based startup adds to the long list of global cross-stage layoffs in what has been a rough month for tech employees. Read More

 

31st May 2022

 

battery digital twin

 

1. TensorFlow now defaults to Intel oneDNN AI optimizations 

The open-source TensorFlow machine learning library is getting faster, thanks to a collaboration between Google and Intel. The oneDNN developed by Intel is now on by default in TensorFlow, a project led by Google. Read More

2. Battery digital twin standard to drive EV sustainability

A new Battery State of Health (SOH) Standard will make it easier to create digital twins of different battery designs and the processes that produce them to address all these challenges. Read More

 

1st June 2022

 

plastic upcycling novoloop

 

1. Plastic upcycling startup Novoloop raises $10M Series 

Novoloop, a plastic upcycling startup, raised a $10 million Series A extension round co-led by South Korean chemical firm Hanwha Solutions and Taizo Son’s Mistletoe. Read More

2. Google Duo and Meet will soon become one

The Duo app will soon get all of Meet’s features, including scheduled calls, and then, once the transition is complete, change its name to Google Meet. At that point, the current Meet app will simply launch the new Duo/Meet app. Read More

 

2nd June 2022

 

meta

 

1. Meta is adding a dedicated ‘Calls’ tab to Messenger

Meta is rolling out a new Calls tab for Messenger, the company says the new tab will make it easier to connect with friends and family through the app in one tap. Read More

2. Ford to invest $3.7B in US factories, add 6,200 union jobs in push to build more EVs

Ford said Thursday it will invest $3.7 billion and add more than 6,200 union manufacturing jobs in Michigan, Ohio and Missouri as part of the automaker’s plan to sell 2 million EVs a year globally by the end of 2026. Read More

 

3rd June 2022

 

crusie

 

1. Cruise can finally charge for driverless robo taxi rides in San Francisco

Cruise will be operating its passenger service at a maximum speed of 30 miles per hour between the hours of 10 p.m. to 6 a.m. on select streets in San Francisco, adding another one and a half hours to its current service. Read More

2. Ring announces new features, raises its basic subscription price

Ring is one of the top-selling security systems in the U.S. With new upgrades, the price of the Protect Basic plan is increasing starting in July to $3.99 a month or $39.99 a year in the U.S. Read More

 

4th June 2022

 

perceptron

 

1. Perceptron: Robots that feel pain and AI that predicts soccer players’ movements

The transistors, made from zinc-oxide nanowires printed onto the surface of a flexible plastic, connected to a skin sensor that registered changes in electrical resistance. Read More

2. The 2022 Bentley Flying Spur Hybrid is a shaky step towards a luxurious EV future

Bentley first tested the electrified waters in 2019 with the hybrid version of the Bentayga SUV. Now it’s time for the Flying Spur, a full-size luxury sedan that has historically been paired with either a decadent W12 engine or a spirited V8. Read More

 

5th June 2022

 

Affirm and Klarna

 

1. Affirm and Klarna ramp up competing efforts to attract US consumers

San Francisco based Affirm announced it was making its buy now, pay later technology available to U.S. businesses that use Stripe’s payments technology. Read More

2. Unlikely players team up to lead South Korea’s air taxi industry

In South Korea, Hyundai, the country’s biggest carmaker, has earmarked KRW 1.8 trillion ($1.4 billion) for flying taxis in South Korea by 2025. Read More

 

If you missed out on the previous week or entire month's updates of startup world news, follow the link to read it now and stay tuned with us for more updates.

Startup News: 23rd May 2022 - 29th May 2022

Startup News: 9th May 2022 - 15th May 2022

Startup News: 02nd May 2022 - 08th May 2022

Startup News: 25th April 2022 - 01st May 2022

Startup News: 18th April 2022 - 24th April 2022

Startup News: 11th April 2022 - 17th April 2022

Startup News: 4th April 2022 - 10th April 2022

 

We, at OpenGrowth, are constantly looking for the latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.

Sajitha is a content writer who predominantly writes for EdTech Industry and also pens poetry, eBooks, and fascinating content. She believes writing should intrigue her audience and work with passion. She is an avid reader and holds her master's in literature. Her hobbies include traveling, music, and self-publishing!

Comments

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polkmn

21st Jun'22 03:09:58 AM

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polkmn

21st Jun'22 03:09:58 AM

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