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If you’re curious to know what’s been happening in the tech space this past week, then look no further… our Friday Tech Round Up is your weekly dose of the latest and greatest tech news!
In episode 110 we explore nuclear power growing in popularity, investments into telecoms innovation and vehicle manufacturers improving data management – just to name a few.
South Korea’s LG Energy Solution has revealed that it’s investing $1.4 billion to develop a cylindrical battery plant in Arizona.
This investment comes at a time when the demand for these cylindrical batteries, used in electric tools needing instant power or mobility devices like electric vehicles or e-bikes, is on the rise in the North American market.
According to a report by Reuters, electric vehicle makers like Tesla, Lucid and Proterra could be potential customers.
The UK government has released plans to fund a new organisation, aimed at boosting innovation in the telecoms supply chain.
Named the UK Telecoms Innovation Network (UKTIN), their goal is to position the UK as a world leader in telecoms research and development.
The UKTIN will act as an information point for telecoms companies searching for funding or R&D facilities and will also provide opportunities for collaboration on new tech for UK mobile and broadband networks.
BMW Group has adopted HPE GreenLake to improve data management across its global locations and the cloud.
The company’s plan is to analyse data collected from electric test cars using HPE, hoping to accelerate time to market. Battery temperature, power dissipation or vehicle speed will be some of the data collected via analytics and data lakehouse platform HPE Ezmeral.
In 2021 we talked about Amazon’s acquisition of MGM. Well, this $8.5million deal is finally complete, and with it will come more than 4,000 films and 17,000 TV shows becoming a part of Prime Video.
“MGM has a nearly century-long legacy of producing exceptional entertainment, and we share their commitment to delivering a broad slate of original films and television shows to a global audience,” Mike Hopkins, the senior vice president of Prime Video and Amazon Studios, said in a statement.
Recently, Silicon Valley’s biggest techies have been hailing nuclear power – seeing this as a solution to both cutting carbon emissions and reducing ties with Russian gas.
Elon Musk even Tweeted that nuclear is “critical” to national security, while the risk of radiation is overplayed.
Advanced reactor startups do not currently have any operating commercial products, but with the combination of tech advances and pressure to ditch fossil fuels, many believe this could be a catalyst for the sector.
“We wouldn’t be having a conversation about innovation in nuclear power today without the investment and thinking of the leaders of Silicon Valley,” said Josh Freed, who specialises in climate and energy at public policy think tank Third Way in Washington.
Tech giant, Apple, has acquired UK banking startup, Credit Kudos – a firm which helps lenders make better decisions.
It is not yet clear what Apple has planned for Credit Kudos. The Silicon Valley-based company currently offers financial products primarily through its mobile wallet Apple Pay, and in the form of a credit card that it began rolling out in August 2019.
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And that’s it!
Make sure to come back next week for even more tech news!