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☆ Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
▼ + stars: | 2024-05-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15. The announcement comes amid a price war in China's highly competitive electric car market that's forced Tesla to cut prices. Nio said the first Onvo model, the L60, will be a "family-centric smart BEV priced around RMB 250,000, in the same segment as Tesla Model Y." Nio delivered 15,620 electric cars in April, up from 11,866 cars the prior month. The company sells cars to Europe, but didn't specify whether Onvo would be available outside China.

Persons: Nio, Tesla, BEV, William Li, Onvo, Le Organizations: Tesla, CNBC Locations: BEIJING, Europe, China

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio's first such mass market car will be an SUV cheaper than Tesla 's Model Y, CEO William Li told CNBC's Eunice Yoon on Thursday. The Tesla SUV starts at 249,900 yuan ($35,197) in China. Like many early entrants to China's electric car market, U.S.-listed Nio targeted the premium market when it launched about a decade ago. The new cars come amid an intense price war in China's new energy car market, which includes battery-only and hybrid-powered vehicles.

Persons: William Li, Nio's, Eunice Yoon, Li Organizations: New York Stock Exchange, Tesla, Volkswagen Locations: BEIJING, China, U.S

☆ Nio plans to launch its mass market EV brand in May
▼ + stars: | 2024-03-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese premium electric car company Nio said Thursday it plans to reveal its mass market brand in May. Executives confirmed the new brand will be named "Le Dao" in Chinese, and said the name is meant to reflect families — the target consumer segment — having a happy time together. Earlier this month Nio said its mass market brand would debut in the second quarter, with the first product launch in the third quarter and large-scale deliveries the following quarter. Another Chinese electric car startup called Xpeng said last summer it plans to develop a new mass market brand that will target the 150,000 yuan ($20,580) price range. The company said it would develop the brand through a strategic partnership with Didi.

Persons: Nio, Xpeng, Didi Organizations: Executives Locations: BEIJING

☆ The ‘war photographer’ surveying the liminal spaces of conflict—and peace
▼ + stars: | 2024-02-29 | by ( Dan Q. Dao | ) edition.cnn.com time to read: +10 min

CNN —An-My Lê doesn’t identify as a war photographer. Courtesy the artist/Marian Goodman GalleryAn-My Lê. Courtesy the artist/Marian Goodman Gallery“It doesn’t have the same explosive, devastating quality of real combat,” Lê said of the series. Courtesy the artist/Marian Goodman GalleryA portrait of an arresting gear mechanic on board the USS Ronald Reagan, also from "Events Ashore." Courtesy the artist/Marian Goodman GalleryLê’s work doesn’t impose any particular morality on the viewer; instead, she intentionally utilizes distance and scale to convey a complexity often overlooked.

Persons: it’s, Marian Goodman, ” Lê, Lê, ”, “, Preble, Ronald Reagan, we’re, “ I’m, Gustave Le Gray, Manning, ineffable, John, Jonathan Dorado, — Organizations: CNN, US, Stabilization, Museum of Modern Art, “, Marines, Conservatives, Rail, Navy, MoMA Locations: United States, Vietnam, New York, Iraq, Afghanistan, California, Rivers, ”, Hudson, Mekong and Mississippi, Asia, Africa, USS New Hampshire, Da Nang, Ghanaian, Tortuga, “ Manning, Bayou St, New Orleans

☆ Why ether is outperforming bitcoin by nearly 10% so far this year: CNBC Crypto World
▼ + stars: | 2024-02-22 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ether is outperforming bitcoin by nearly 10% so far this year: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rich Rines of Core DAO reacts bitcoin and ether's performance so far this year. Plus, he shares his expectations for the bitcoin halving, spot ether ETFs, and more.

Persons: explainers, Rich Organizations: CNBC Crypto, CNBC

☆ What is catfishing and what can you do if you are catfished?
▼ + stars: | 2024-01-29 | by ( Sen Nguyen | ) edition.cnn.com time to read: +16 min

In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole. A 2019 study found that young LGBTQ+ men in rural America experiencing catfishing on dating apps felt angry and fearful. She also emphasized the need to recognize today’s loneliness epidemic, which “leads people to perhaps be more susceptible to catfishing scams,” she said. Catfishing is not explicitly a crime, but the actions that often accompany catfishing, such as extortion for money, gifts or sexual images are crimes in many places. In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole.

Persons: CNN —, Nev Schulman, “ Megan ”, Schulman, Evita, scammers, Catfishing, Snapchat, ”, Ngo Minh Hieu, Chong, Hieu, Wang, “, It’s, Fangzhou Wang, ” Wang, Maryna, WeChat Organizations: CNN, Cybersmile Foundation, Federation University, Fraud Intelligence, INTERPOL, Research, US Federal Trade Commission, SMS, University of Texas, Arlington, Getty, Facebook, UNICEF Locations: Alaska, Australia, Singapore, Southeast Asia, France, Germany, India, cryptocurrency, Vietnamese, America, catfishing, China, Cybersecurity, Australian

☆ The tech powering ChatGPT won't make AI as smart as humans. Others might.
▼ + stars: | 2023-12-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

But the tech powering it has limitations and may struggle to make AI that is as smart as humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This means the public gets to see research faster, but it isn't necessarily reliable. AdvertisementHe gave "kudos" to Dao and Gu "for pushing on alternative sequence architectures for many years now." ChatGPT was a landmark cultural event that sparked an AI boom.

Persons: ChatGPT, —, Bill Gates, abut, Albert Gu, we've, vXumZqJsdb — Albert Gu, Gu, Dao, JAX, Jim Fan Organizations: Service, Google, Carnegie Mellon, Tri Dao, SSM, Nvidia Locations: AGI, Tri, pretraining

☆ This man spent $15,000 making a Tesla Cybertruck out of wood – and he's sending it to Elon Musk
▼ + stars: | 2023-11-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

A Vietnamese man built a fully functional replica of Tesla's Cybertruck out of wood. AdvertisementThe long-awaited Tesla Cybertruck is finally due to arrive in just a few days. The exterior of the wooden Tesla Cybertruck. It seems building a wooden Tesla replica does catch Musk's attention. After creating a wooden replica of the Audi Skysphere he was invited to meet with the company's head of design.

Persons: Truong Van Dao's, Elon Musk, —, Van Dao, Mercedes AVTR, Dao, Tesla, ❤️ — Elon, Business Insider's, Musk Organizations: Service, YouTube, Tesla, Audi, Business Locations: Bac Ninh, Vietnam

☆ Binance settlement a 'win' for the exchange and the crypto industry: Core DAO contributor Rich Rines
▼ + stars: | 2023-11-24 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance settlement a 'win' for the exchange and the crypto industry: Core DAO contributor Rich RinesRich Rines, contributor at Core DAO, discusses Binance's settlement with U.S. government officials and what is means for the crypto industry. He also weighs in on wether Binance will be able to maintain its dominance as a crypto exchange.

Persons: Rich Rines Rich Rines

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin crosses $38,000 for the first time in 2023: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Rich Rines, contributor at Core DAO, discusses Binance's settlement with U.S. government officials and what is means for the crypto industry. He also weighs in on whether Binance will be able to maintain its dominance as a crypto exchange.

Persons: explainers, Rich Rines Organizations: CNBC Crypto, CNBC

☆ The humanoid robot CEO of a drinks company says she doesn't have weekends and is 'always on 24/7'
▼ + stars: | 2023-09-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The CEO of Polish drinks company Dictador is an AI-powered humanoid robot who works 7 days a week. The AI boss, named Mika, told Reuters that she doesn't have weekends and is "always on 24/7." Mika told Reuters that she's "always on 24/7" and works seven days a week. Mika was created by Hanson Robotics, the company behind AI robot Sophia, who has garnered attention around the world through dozens of media interviews . Last year, a Chinese gaming firm appointed an "AI-powered virtual humanoid robot" called Tang Yu as the chief executive of its subsidiary, Fujian NetDragon Websoft.

Persons: Mika, Dictador, she's, I'm, Marek Szoldrowski, Sophia, Tang Yu, didn't Organizations: Reuters, Service, Hanson Robotics, Websoft Locations: Wall, Silicon, Fujian

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

☆ Sun bear: World's smallest bear finally has its time in the sun. But is that a good thing?
▼ + stars: | 2023-08-05 | by ( Heather Chen | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —The world’s smallest bear is finally having its moment in the sun – thanks to a viral video that sparked a conspiracy theory on Chinese social media. “With all the media attention surrounding the (sun bear videos) we have a good opportunity to further educate ourselves to save this species.”Taronga Zoo is not alone. A sun bear inside at the Vietnam bear rescue centre, in Tam Dao national park, Vinh Phuc, Vietnam, 09 July 2019. Cubs are especially cute and docile and can be easily tamed compared to bigger and more aggressive bears, said bear expert Dave Garshelis, chair of the IUCN SSC Bear Specialist Group. Will the viral videos actually help save these amazing bears?

Persons: Angela, ”, Wong Siew Te, Wong, Taronga zookeeper Logan Dudley, “, ” Afiqah Nasir, Bosco Chan, ” Chan, Minh Hoang, Dave Garshelis, Thomas Stamford, Garshelis, Shao Zhenzhen Organizations: Hong Kong CNN, CNN, Sun Bear Conservation Center, Taronga Zoo, Singapore Zoo, World Wildlife Fund, Cubs, IUCN SSC Bear Specialist Group, Thomas Stamford Raffles, Singapore Locations: Hong Kong, Hangzhou, China, Sabah, Malaysia, Southeast Asia, Sydney, Australia, Vietnam, Tam Dao, Vinh Phuc, British, Indonesia, Kuala Lumpur, Singapore

☆ Caged and cut open for bile: The fight to free Asia’s farmed bears
▼ + stars: | 2023-06-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +11 min

But international experts say it remains a lucrative industry in China, where domestic sales of bear bile remain legal. “They’ve got massive hair loss, they’ve often got broken teeth from (biting the bars of their cages) in frustration and pain.”But eliminating bile farming has proved difficult. But China is “the biggest market for bear bile products by far,” with roughly 15,000 bile bears in captivity and plenty of demand, he said. Ursodeoxycholic acid, one of the main components in bear bile, has been medically proven to help dissolve gallstones and treat liver disease. And there’s no internationally recognized scientific evidence showing bear bile can cure other ailments promoted in TCM.

Persons: Eve Sevim, Jill Robinson, “ They’ve, they’ve, Robinson, David Garshelis, aren’t, Garshelis, ” Robinson, ”, ” Garshelis, Tan, Qing, it’s Organizations: CNN, Animals Asia, International Union for Conservation, Nature’s, Bear Specialist Group, TCM, Animals, Forestry Administration, Farmers, China’s National Forestry and Grassland Administration, State Forestry Administration, Bears, Getty, IUCN Locations: Haiphong, China, Vietnam, South Korea, Laos, Myanmar, Asia, Cambodia, Indonesia, Malaysia, Hui'an, Animals Asia, Hanoi, “, Tam Dao, Hanoi –, Ma

☆ Rice. Half of Humanity Eats It. And Climate Change Is Wrecking It.
▼ + stars: | 2023-05-20 | by ( Somini Sengupta | ) www.nytimes.com time to read: +12 min

Sometimes there’s not enough rain when seedlings need water, or too much when the plants need to keep their heads above water. Rice farmers are shifting their planting calendars. On top of that, there’s climate change: It has upended the rhythm of sunshine and rain that rice depends on. That’s a fraction of the emissions from coal, oil and gas, which together account for 35 percent of methane emissions. His experiment, carried out over seven years, concluded that by not flooding the fields continuously, farmers can reduce rice methane emissions by more than 60 percent.

☆ AI music could revolutionize the industry — and this artist is leading the way
▼ + stars: | 2023-05-16 | by ( Drew Austin | ) www.businessinsider.com time to read: +11 min

Despite this widespread apprehension, Holly Herndon — an experimental musician and artist — doesn't think AI is nefarious or will ruin art. Herndon's usage of AI shows a way forward for not just artists but also the rest of us. In her blog post announcing Holly+, Herndon said she envisioned a future where digitally created voices "soon become standard practice for artists and other creatives." While the project has yielded an ever-growing array of fascinating art, Holly+ also raises questions about the future of that art. (Anyone can use the Holly+ voice tool itself without submitting the output to the DAO, however.)

☆ How to put your best travel foot forward for Earth Day 2023
▼ + stars: | 2023-04-22 | by ( Forrest Brown | ) edition.cnn.com time to read: +20 min

But you don’t have to totally cut out travel or stay super close to home to be a good planetary citizen. You need a city that’s dedicated to getting it right to best enjoy an urban biking vacation. Here, we've curated 30 of our favorite corners, including the Thu Bon River, which flows through central Vietnam. A maze of rivers and caves, the UNESCO World Centre is defined by its craggy limestone facades and jade green water. Bruno De Hogues/Photodisc/Getty Images Phong Nha-Ke Bang National Park: A UNESCO World Heritage, Phong Nha-Ke Bang National Park is heaven for spelunkers.

☆ Mistakes by the US's top spies allowed China to turn a deadly mid-air collision into an intelligence coup
▼ + stars: | 2023-03-22 | by ( James Bamford | ) www.businessinsider.com time to read: +36 min

On April 1, 2001, a US EP-3 spy plane collided with a Chinese fighter jet over the South China Sea. One of eleven left in the fleet, the tired 1960s-era spy plane bristled with porcupine-like antennas. Within minutes, however, the fighters had reached the lumbering spy plane, and while Zhao Yu hung back about a half-mile, Wang Wei rapidly closed in. In severe trouble, he immediately radioed the base, telling them he was unable to maneuver and being sucked in by the spy plane. "You are not allowed aboard the aircraft," Osborn said.

Just when you thought crypto couldn't get any stranger, bitcoin accidentally births a new breed of NFTs. "I think this is really the start of a fundamental shift in what you can do with bitcoin," said Alex Miller, CEO at bitcoin developer network Hiro. REUTERS/Brendan McDermid/Nonetheless, bitcoin NFTs have built up a head of steam in a short space of time. Satoshis inscribed with NFTs are involved in about 7% of the total number of bitcoin blockchain transactions, according to Glassnode data. "But NFTs on bitcoin are a distraction from the network's core purpose, which is to serve as a permissionless network that is globally available, 24/7, and uncensorable."

March 14 (Reuters) - Imagine digitally inscribing 3D images of objects such as multi-colored spheres onto a tiny fragment of bitcoin. Just when you thought crypto couldn't get any stranger, bitcoin accidentally births a new breed of NFTs. "I think this is really the start of a fundamental shift in what you can do with bitcoin," said Alex Miller, CEO at bitcoin developer network Hiro. Nonetheless, bitcoin NFTs have built up a head of steam in a short space of time. Satoshis inscribed with NFTs are involved in about 7% of the total number of bitcoin blockchain transactions, according to Glassnode data.

☆ How two high schoolers from Denmark built an NFT marketplace and secured funding through a DAO backed by Bessemer Venture Partners
▼ + stars: | 2023-02-22 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Bessemer Venture Partners has invested in the NFT marketplace OWND, which it found through its DAO. Better yet, this DAO had the backing of one of Silicon Valley's blue-chip venture firms, Bessemer Venture Partners. Bach Ryhl read all the crypto-related articles he could find on Medium and took a Web3 course on Udemy. Lunau Liechti, in particular, had been following the efforts of brands such as Nike and LVMH to launch NFT versions of their physical products. "We want to make it as easy to buy a Nike NFT as it is to buy a Nike sneaker online," Lunau Liechti said.

☆ StoryCo and 'Halo' showrunner team up to launch 'Disco Ball,' a blockchain-based immersive story that's a model for Hollywood's move into Web3
▼ + stars: | 2023-01-26 | by ( Elaine Low | ) www.businessinsider.com time to read: +5 min

The blockchain-based creative platform StoryCo is launching a new immersive storytelling concept. People who sign up for a StoryPass (an NFT) can collect digital art and have creative control over "The Disco Ball." StoryCo just raised $6 million in a seed funding round led by VC firms Collab + Currency and Patron. At the end of "Disco Ball," NFT holders "will assume control over the infinitely expanding Disco Ball universe." Half of all net revenue from projects like "Disco Ball" would then be split among the treasury's members after its story writers and creators are compensated.

☆ Read the 15-page pitch deck that raised $6 million for StoryCo, a blockchain-based platform that links Hollywood creatives directly with fans
▼ + stars: | 2023-01-26 | by ( Elaine Low | ) www.businessinsider.com time to read: +5 min

StoryCo founders Justin and J.P. Alanis are part of a wave of entrepreneurs building blockchain-based storytelling platforms. StoryCo raised a $6 million seed round from Web3-focused VC firms and Hollywood insiders. In other words, Hollywood studios have been gatekeepers to content — and profits — for far too long. StoryCo is one of several startups that see blockchain and Web3 technology creating big new opportunities for TV and film creatives. Passholders will have access to a project's treasury, which will include NFT sales, IP licensing revenue, and royalties.

☆ MoviePass CEO Stacy Spikes on his plans to relaunch the service (for real) and bring back an unlimited option
▼ + stars: | 2023-01-24 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +20 min

Stacy Spikes told Insider he plans to put MoviePass out of beta and make it available for all by the summer. You would think Spikes would want to run as far away as possible from the movie-ticket-subscription startup. Before Stacy Spikes created MoviePass he created the Urbanworld Film Festival. I wanted to put that down because I see so many times people approach me and think MoviePass was my first business. MoviePassThe MoviePass beta version is focused on the credits system, e-ticketing, and fixing bugsWhat have been the biggest challenges in getting this beta version of MoviePass off the ground?

☆ Crypto tokens were once considered a fast track to riches for Web3 startup founders. Now some aren't bothering to launch them.
▼ + stars: | 2023-01-17 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Crypto tokens were once a quick way for Web3 founders to cash in. Just over a year ago, Web3 startups regularly raised money by selling their own cryptocurrencies directly to the public. But now, the crypto crash has made it an inauspicious time for them to launch tokens. Common has since postponed its token launch indefinitely. Georgen said that his aspirations to launch tokens weren't primarily motivated by cashing in.

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