Tech News from Simmons Systems (Page 342)

Tech News from Simmons Systems

electric vehicles

Automakers Pour $38 Billion Into US Battery Plants to Fuel EV Race

Major automakers and suppliers invest over $38 billion to build massive battery factories across the United States. New federal tax credits accelerate this onshore manufacturing boom to shorten supply chains and secure EV production.

Uber Phases Out Free Rewards Program to Push Paid Subscriptions

Uber is officially shutting down its free Uber Rewards loyalty program to focus entirely on its paid Uber One membership. Existing users have until the end of October to redeem their remaining points before the system closes.

VinFast Promises $7,500 Discount to U.S. Buyers Blocked from EV Tax Credit

As new federal rules threaten to disqualify most electric vehicles from the $7,500 tax credit, VinFast steps up with a direct rebate promise for preorder customers.

Automakers Pour $38 Billion Into US Battery Plants to Fuel EV Shift

Automakers and suppliers invest heavily in domestic battery factories to secure EV supply chains. New federal tax credits accelerate this push to reduce reliance on foreign materials.

VinFast Promises $7,500 Rebate If New EV Tax Credit Rules Block Buyers

As new U.S. legislation makes the federal EV tax credit harder to obtain, VinFast guarantees a $7,500 direct discount for ineligible preorder customers.

Uber Phases Out Free Rewards Program to Push Paid Subscriptions

Uber is officially shutting down its free Uber Rewards loyalty program to focus entirely on its paid Uber One subscription. The transition begins this month, leaving users to pay a monthly fee if they want extra perks.

employee benefits

Employee-Benefits Startups May Survive Downturn Despite Corporate Cost Cuts

As companies look to slash costs in a shaky economy, employee-benefits startups worry their services will end up on the chopping block. However, experts note that a tight labor market forces employers to preserve these perks to avoid damaging worker morale.

Fintech Startups Embrace Debt Financing Over Venture Capital

As the economic downturn continues, fintech startups are increasingly turning to debt financing and credit facilities rather than raising traditional venture capital to fund their growth.

U.S. CHIPS Act Aims to Reshape Semiconductor Manufacturing

The U.S. CHIPS and Science Act provides $52.7 billion to boost domestic semiconductor production and reduce reliance on international supply chains. This landmark legislation reflects a growing view of microchips as essential sovereign technology.

Teens Abandon Facebook as Twilio Faces Major Phishing Attack

A new Pew study shows teen usage of Facebook drops from 71% to just 32% since 2014. Meanwhile, Twilio suffers a security breach impacting 125 customers after employees fall victim to an SMS phishing scam.

US CHIPS Act Aims to Reshape Semiconductor Manufacturing

The newly signed CHIPS Act provides $52.7 billion to boost domestic semiconductor production and reduce reliance on international supply chains.

Teens Abandon Facebook While Twilio Faces Major Phishing Hack

A new Pew study shows teen usage of Facebook drops to just 32% as young users flock to TikTok and YouTube. Meanwhile, Twilio suffers a massive SMS phishing attack compromising employee credentials.

Digital Pensions Startup Penfold Secures $8.5 Million in Series A Funding

Penfold raises £7 million to expand its workplace pension division, led by Bridford Group with additional crowdfunding support. The investment targets the massive but unengaged UK pensions market.

Apple Introduces Lockdown Mode to Thwart Mercenary Spyware Attacks

Apple's new Lockdown Mode offers extreme protection against highly targeted spyware for vulnerable users like journalists and activists. The feature limits certain device functions to block invisible zero-click hacks without severely impacting everyday usability.

BMW and Toyota Join Forces to Develop Hydrogen Fuel Cell Vehicles by 2025

BMW and Toyota are partnering to jointly produce hydrogen fuel cell vehicles as early as 2025. This collaboration allows both automakers to hedge their zero-emission investments while leveraging Toyota's deep experience with the technology.