Innovation & Tools
Samsung greenlights self-repair program for new phones and tablets - 08/04/2022
According to a statement from the firm, Samsung will launch a self-repair program for smartphones and tablets. In accordance with the program's guidelines, owners of brand gadgets will be able to service those devices at home thanks to a partnership with iFixit. In addition to providing users with the official instructions, Samsung will also sell repair kits at its service facilities and on the...
Christie's creates venture fund to invest in art tech startups - 07/20/2022
Christie's Ventures investment fund will concentrate on assisting businesses who are creating financial digital art goods and Web3 art market technology. The auction company Christie's has established its own investment fund, Christie's Ventures, which will help growing technology firms in the arts with money and advice. "Our focus is on early-stage startups and FinTech companies formed by...
Crypto platform Celsius Network owes users $4.7B - 07/19/2022
U.S. cryptocurrency startup Celsius Network declared bankruptcy, stating in a court filing that its debt exceeds $5.5 billion. Of that sum, the firm owes its customers $4.7 billion. In May 2022, Celsius Network, which was in charge of assets worth close to $12 billion, filed for bankruptcy due to severe issues brought on by the crash in the value of Bitcoin. In an attempt to deal with the...
China plans to extend tax incentives for electric cars - 07/08/2022
Chinese officials unveiled a number of new initiatives to increase consumer demand for automobiles, including plans to expand tax advantages for electric vehicles, develop more charging stations, and promote lower charging rates. Shares of Chinese automakers rose after the plans were revealed by the Commerce Ministry in a joint statement with 16 other authorities. Shares of Geely, for instance,...
Large Hadron Collider to be accelerated to its maximum - 07/05/2022
The Large Hadron Collider will run at a record power of 13.6 trillion electron volts starting on July 5. The European Organization for Nuclear Research (CERN) announced this in a press statement. The collider will be running continuously at record power for over four years, according to the study. The intensity has increased since April. It spent the previous three years on modernization. The...
Lego to invest over $1B in carbon-free plant - 06/16/2022
"Lego Group has announced intentions to invest more than $1 billion in the construction of a new facility in Chesterfield County, Virginia," said the company. The new facility will be 160,000 square feet in size and will employ over 1,760 people, according to the Lego Group. The new plant's construction will begin in the fall of 2022, with Lego manufacturing set to commence in the second half of...
Puma unveils running shoes designed specifically for women - 06/14/2022
Puma has developed a new style of running footwear, which were made exclusively for women runners, according to the company’s representatives. The model was named Run XX Nitro in honor of the female X-chromosome. The company’s officials turned to the University of Massachusetts Biomechanics Laboratory to design and test the sneaker for female runners because "historically, over 90% of shoe...
Chinese Ant Group launches digital bank in Singapore - 06/07/2022
Ant Group, the parent firm of Alipay, China's most popular payment system, has announced the launch of a digital wholesale bank in Singapore. According to a statement on the company's website, the new bank, dubbed ANEXT Bank, was approved by the Monetary Authority of Singapore (MAS) to commence operations. The new bank will focus on providing digital financial services to local and regional...
NASA's Artemis lunar programme will cost over $93B by 2025 - 06/01/2022
According to NASA's Inspector General Paul Martin, the cost of the US Artemis lunar program will reach $93 billion by 2025, and the US will not have a manned expedition to the moon until 2026. "NASA will put back its present plan to place a man on the moon in 2024 by at least several years due to technical issues and delays in the first three Artemis flights, as well as the time required to...
Dyson announces housekeeping robots - 05/26/2022
Dyson, the hairdryer and vacuum cleaner manufacturer, revealed details on development of robots for home cleaning, and demonstrated the first prototypes. They can vacuum furnishings and pick up stuff like dishes and children's toys. By 2030, the firm plans to showcase its first model. Dyson has announced that it is working on robots to clean houses. The company's website has the announcement as...
