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Google revealed that it would invest USD 1 billion in the construction of new offices in New York, an announcement that comes weeks after both Amazon and Apple made known their individual expansion projects in the Big Apple.
In a posting on the company’s blog, Google Vice President and Chief Financial Officer Ruth Porat said the name of the new campus, which will occupy 158,000 sq metres (1.7 million sq feet), will be Google Hudson Square and will be located between Soho and Greenwich Village neighborhoods of Manhattan, EFE news reported on Tuesday.
In an interview with The Wall Street Journal, Google’s director of public policy and government relations, William Floyd, noted that his company’s talk about increasing its payroll in New York over the next 10 years by another 7,000 employees is a “conservative estimate.”
“New York City continues to be a great source of diverse, world-class talent – that’s what brought Google to the city in 2000 and that’s what keeps us here,” Porat said.
Google, with headquarters in Mountain View, California, joins two other tech giants from the West Coast, Amazon and Apple, which recently announced plans to further expand their presence in New York. (IANS)
1inch Network is suffering from the same problem as all cryptocurrencies at the moment, a vast majority of cryptocurrencies have become bearish or appear that way for now. This has resulted in massive decreases in price and 1inch Network is no exception.
HUH Token is a newcomer to the market and hopes to defy the ongoing trend and encourage bullish behaviour. It aims to achieve this through its beneficial features for holders and the ability to create additional income the longer the token is held. This could be the encouraging factor that buyers need to begin purchasing once more.
1inch Network is the crypto project that created the 1inch app. The one 1inch app is the popular decentralised exchange, otherwise referred to as a DEX. Recently, the 1inch Network has proclaimed that it has a $175 million from their Series B funding round. This is an impressive increase from the $70 million that they had announced three months ago. Their target expanded after they hit the $70 million barrier and they have now achieved their new target.
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In order to achieve the funding that they required, 1inch sold its tokens at a discounted rate. It was quite a significant discount, the token was trading for approximately $3.60 and during the round, the price was $1.50. The idea behind the reduction in price was to reward those who were visionaries and believed in the future of the 1inch Network.
HUH Token has begun its vesting process and those involved in the presale will be receiving their HUH Tokens over the coming weeks. For those unfamiliar, vesting is a process whereby individuals receive their tokens over a period of time. The tokens become locked and then are released throughout the agreed time.
The tokens become locked and then are released throughout the agreed time.
Vesting is often done in order to ensure the longevity of a project. Often after presales or after ICOs a lot of people will immediately sell their tokens, causing a massive reduction in market price. Therefore, vesting is a pre-emptive option to stop this from happening. The project cannot develop over time if buyers plummet the price on the first day.
This will benefit HUH Token and the community surrounding them, they are focused on producing a community that will grow as their token does. This would not be possible if everyone could crash their price on the first day. HUH Token has the aim to create generational wealth for all of its holders and has claimed that it is here for the long haul, not an attempt to make a quick profit. This vesting process is evidence of that.
Also Read: Will HUH Token Disrupt The Stigma
In addition to vesting, they also have provided $1 million in liquidity that is locked in for two years. This would only be done if the creators believed in the project, those who make cryptocurrencies are not forced to lock their liquidity. It is a sign that those who purchase can have confidence that the token aims to continue developing and providing advantages for those who follow their project.
The crypto market is a wonderful place for many and can be cruel to those who have unfortunate timing. However, the market normally recovers, and those with long-term aims typically come out ahead.
With this in mind, projects such as 1inch Network and HUH Token have shared their news indicating their long-term goals. Joining them sooner rather than later will stop many from looking back in a year wondering why they aren’t among those who have benefitted from the projects.
Follow HUH Token on their Socials before they Launch:
Disclaimer: (This article is sponsored and includes some commercial links)
Toyota Motor Corp has announced that it is building a new $1.29 billion battery factory in North Carolina in an effort to bring some of its electric vehicle supply chain to the US.
Toyota announced that it will invest around $13.6 billion in battery tech over the next decade, including a $9 billion investment in production, as it attempts to electrify its vehicle lineup, reports The Verge.
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The new plant will initially be capable of supplying lithium-ion batteries for 8 lakh vehicles annually. In the first year, the firm is planning to produce 1.2 million battery packs for its upcoming lineup of electric vehicles
"This investment, which I believe is so far the largest private capital investment in North Carolina history... will create at least 1,750 new jobs and help us develop and localize automotive battery production which will pave the way for battery electric vehicles built here in the United States of America," the report quoted Chris Reynolds, the chief administrative officer for Toyota Motor North America, as saying.
The new manufacturing unit is expected to create 1,750 new American jobsUnsplash
Also read: Toyota Investing $500 Million in Uber
The new manufacturing unit is expected to create 1,750 new American jobs. The automaker emphasised it is committed to using 100% renewable energy at the new facility to produce the batteries.
Earlier, Toyota's subsidiary Woven Planet announced that it has completed acquisition of Level 5, the self-driving division of rideshare veteran Lyft.
Level 5 is a division of Lyft formed in 2017, specifically dedicated to self-driving technologies. In four years, the self-driving division has reached public road testing of its fourth-generation platform.
Keywords: Toyota, EVs, Battery Factory
Chip maker Intel has announced its intention to take its self-driving car business Mobileye public in the US next year via an initial public offering (IPO).
Intel will remain the majority owner of Mobileye, and the two companies will continue as strategic partners, collaborating on projects as they pursue the growth of computing in the automotive sector.
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"Intel's acquisition of Mobileye has been a great success. Mobileye has achieved record revenue year-over-year with 2021 gains expected to be more than 40 per cent higher than 2020, highlighting the powerful benefits to both companies of our ongoing partnership. An IPO provides the best opportunity to build on Mobileye's track record for innovation and unlock value for shareholders," Pat Gelsinger, Intel CEO said in a statement.
The share of semiconductors is expected to be 20 per cent of a premium vehicle's total bill-of-materials (BOM) by 2030. The Mobileye executive team will remain, with Amnon Shashua continuing as the company's CEO.
In the four years since Mobileye was acquired by Intel, Mobileye has experienced substantial revenue growth, achieved numerous technical innovations.
Recently, Gelsinger and Sixt SE Co-CEO Alexander Sixt announced a collaboration to begin offering autonomous ride-hailing services in Germany's Munich in 2022.
The collaboration between Intel subsidiary Mobileye and SixtUnsplash
Also read: Intel Becomes Savior Of Exploited Workers
The collaboration between Intel subsidiary Mobileye and Sixt, a leading international provider of mobility services headquartered in Germany, also aspires to scale driverless ride-sharing services across Germany and other European countries later this decade.
Riders will be able to access the service via the Moovit app as well as the SIXT app. The autonomous robotaxi offering will be included in SIXT's holistic mobility platform ONE, which combines in just one app products for ride hailing as well as car rental, car sharing and car subscriptions.
Mobileye also unveiled the vehicles - branded with MoovitAV and Sixt - that will be produced in volume and used for the robotaxi service in Germany. (IANS/PR)
(Keywords: Intel, self-driving car, India, 2022)