UK’s Motor City hopes Labour can jumpstart EV dream

MORE THAN three years have passed since Coventry unveiled plans for a giant electric-car battery factory at its small airport in England’s West Midlands,...

AI startup Hebbia raises $130M to help firms field complex queries

HEBBIA, a startup using artificial intelligence (AI) to help businesses sift through all kinds of documents to answer complex questions, has raised $130 million...

Filipino firms find cybersecurity measures daunting

PHILIPPINE businesses are reluctant to adopt advanced cybersecurity because they find it “complex and daunting,” according to Yondu, Inc. This reluctance is why 99% of...

China AI startups head to business-friendly Singapore in bid for global growth

WHEN Wu Cunsong and Chen Binghui founded their artificial intelligence (AI) startup two years ago in Hangzhou, China, they quickly ran into obstacles, including...

Varacco uses IoT technology to boost coffee output

PHILIPPINE COFFEE company Varacco is helping local farmers use technology to boost output amid problems posed by climate change, aging farmers and outdated farming technologies.

Electric-vehicle maker Rivian simplifies output, cuts costs

NORMAL, Illinois — Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process,...

Multisys is SME of the Year at IT-BPM Awards 2024

SOFTWARE provider Multisys Technologies Corp. won the SME of the Year award at the Solaia: The IT-BPM Awards 2024. The award is for small-...

Infrastructure and gov’t support key challenges to PHL startups — report

THE PHILIPPINES faces several challenges that could delay its development of fully mature startup ecosystems, according to the Global Startup Ecosystem Index from StartupBlink,...

Crypto startup funding overcomes blow-ups to reach $100 billion

CRYPTO STARTUPS have drawn in roughly $100 billion of venture funding since the industry’s inception, after a recent pick-up in investment that coincided with...

NATO targets AI, robots and space tech in $1.1-B fund

LONDON — A consortium of North Atlantic Treaty Organization (NATO) allies has confirmed the first tranche of companies awarded funding as part of the...

Philippine MSMEs may benefit from AI-fueled cybersecurity automation

FILIPINO micro, small and medium enterprises (MSMEs) should use automated cybersecurity solutions powered by artificial intelligence (AI) amid rising cyber threats, according to Palo...

Tech investors should want more than startup unicorns

IT’S BEEN A DECADE since the term “unicorn” was coined by Silicon Valley venture capitalist Aileen Lee to describe startups that reached a $1-billion valuation. The name quickly became coveted. Yet today, unicorns aren’t so rare.