California-based fintech startup Coris has announced $3.7 million in seed funding today to scale its AI-powered risk management platform. The company aims to bring automation and intelligence to the archaic processes still used by many financial services firms to evaluate risk for small and medium-sized business (SMB) customers.
The seed round was co-led by top enterprise AI investor Lux…
Cadence brings AI supercomputing to digital twin simulations
February 2, 2024
Cadence Design Systems has launched a hardware and software platform to bring supercomputing performance to digital twin and AI simulations.
San Jose, California-based Cadence has focused on tools for electronic systems design. And today it is announcing its Cadence…
Boeing’s defense unit reported $139 million in total losses on three of its key fixed-price development programs in the last quarter of 2023, the company reported Wednesday.
The firm confirmed to Defense News on Thursday that the losses were on the KC-46A Pegasus refueling…
Premium e-bike brand Gocycle unveils the sleekest-looking cargo bike you've ever seen
February 2, 2024
If you know anything about Gocycle, you’ll know that they make fancy electric bikes designed with sleek, exotic designs. Now, the company is leaning hard into its lightweight, futuristic design legacy as it unveils the new Gocycle CXI Family Cargo Bicycle.
And it makes sense, considering that Gocycle’s founder and designer Richard Thorpe was formerly an engineer at McClaren. That same…
Elon Musk is in a full propaganda campaign to gain Tesla shareholder support against the court’s decision to rescind his CEO compensation plan and now announced that he is going to move for a shareholder vote on moving Tesla’s state of incorporation to Texas.
Earlier…
Volvo breaks up with Polestar and sees its shares soar
February 2, 2024
More bad news for Polestar. The struggling luxury EV maker just lost its funding from Volvo, which is handing full responsibility for the brand over to China’s Geely. However, Volvo is letting them down easy, saying it’s a “natural evolution” for the two…
EV shopping beats buying an ICE vehicle, according to buyers
February 2, 2024
Electric vehicle buyers reported the highest satisfaction with the process last year. With 80% of new EV buyers saying they were “highly satisfied” with the process, buying an EV was reportedly much easier than an ICE vehicle.
EV buyers are happier with the process
Although overall satisfaction with the car buying process improved in 2023, it’s still down from its peak in 2020.
According…
Quick Charge Podcast: January 31, 2024
February 2, 2024
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on…
Contemporary Amperex Technology (CATL), the world’s largest EV battery maker, is going to build its own $1.83 billion offshore wind farm.
The Chinese EV battery and battery storage giant’s offshore wind farm, which will be sited near the company’s headquarters in…
The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method in foreign trade, according to Elvira Nabiullina, the bank’s governor. Nabiullina stated that while Russia is opposed to the use of crypto payments in domestic transactions, the country is open to the idea of using cryptocurrencies in foreign trade.
Russia Supports Use of Crypto in…
