Elon Musk’s artificial intelligence startup, xAI, is facing a trademark battle with Ex Populus, a blockchain-based gaming company that operates under the name Xai. The Delaware-based firm alleges that Musk’s venture is creating widespread confusion in the marketplace and eroding the reputation it has built around its own brand. The lawsuit, filed on August 22 … Continue reading “Crypto Gaming Firm Ex Populus Sues Elon Musk’s xAI Over Trademark Infringement”
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Michael Saylor’s Bitcoin investment firm, Strategy Inc., has raised its monthly dividend on STRC preferred shares to 10.5 percent, slightly above September’s 10.25 percent. The move came after the company reported $3.9 billion in net profit for the third quarter, a sharp turnaround from a $432.6 million loss during the same period last year. According … Continue reading “Michael Saylor Firm Raises STRC Dividend to 10.5 Percent – iShook Finance”
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Australian DC fast charger manufacturer Tritium has been acquired by the Indian power management solutions company Exicom, which sells a range of AC and DC EV chargers in 15 countries. The acquisition adds Tritium’s manufacturing facility in Tennessee and its engineering center in Brisbane, Australia to Exicom’s existing presence in Asia. “The acquisition expands Exicom’s … Continue reading “Indian firm Exicom to acquire charger manufacturer Tritium”
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Global logistics firm DSV has ordered 300 electric semi-trucks from Volvo Trucks. The deal represents one of Volvo’s largest orders to date for heavy-duty electric trucks, but it’s just a toe in the water for DSV, which operates a fleet of 20,000 trucks. (The company’s order from Volvo also includes 500 legacy fossil fuel-powered trucks.) … Continue reading “Logistics firm DSV orders 300 electric semi-trucks from Volvo”
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Industrial chemicals firm Chemours, the maker of such well-known products as Freon and Teflon, is also a player in battery technology. Now the company has opened a new laboratory facility, the Chemours Battery Innovation Center (CBIC) at its Discovery Hub in Newark, Delaware. The CBIC will support the testing and scaling of Chemours’s next-generation EV … Continue reading “Chemical firm Chemours opens Battery Innovation Center to develop EV battery tech”