Is Aurora’s SPAC merger a genius idea or a cry for help?

-

Self-driving car startup Aurora is ready to go public in a reverse merger with Reinvent Technology Partners Y, a special acquisition company (SPAC). The merger will give Aurora an infusion of cash to develop autonomous trucks and, later, self-driving passenger cars. Going public is not the norm for companies that don’t have a working and profitable business model. And what makes Aurora’s reverse IPO even more odd is that it comes at a time that the self-driving car industry is struggling with missed deadlines, shuttered projects, unsettled technical challenges, growing cash-burn rates, and loss of public trust. The race to…

This story continues at The Next Web

from The Next Web https://ift.tt/3yeamkH

Comments

Post a Comment

Popular posts from this blog

It’s 2021, can we criminalize cyberflashing already?

-
Image
“Cyberflashing” – the unsolicited sending of photos or videos of genitals – may soon be a crime in England and Wales. Surveys have found that nearly half of young adult women have been sent unwanted, graphic images by men. Receiving so-called dick pics is especially common among women who use dating apps. In some high-profile cases, people have even been AirDropped images by the hundreds while traveling on public transport. In 2019, British Transport Police found that 88% of those targeted were women. Cyberflashing has clear parallels with indecent exposure, which is already a sexual offense carrying a maximum two-year… This story continues at The Next Web from The Next Web https://ift.tt/3D393H0
Read more

The week’s best Android games for a Friday night in

-
Image
Welcome to our weekly column, in which YouTuber NimbleThor brings you a short list of the best new mobile games for your Android device. Whether you’re into casual time wasters or hardcore shooters, you’ll find something in here to exercise your thumbs with. So the weekend’s almost here, and you don’t have plans. Hey, we’re not judging – sometimes you just need a little downtime. Whether you’ve got a babysitting gig to attend to, or intend to simply coast through the weekend in a Homecoat, we’ve got a bunch of great new Android games without time-limiting energy systems for you to curl up with.… This story continues at The Next Web Or just read more coverage about: Android from The Next Web https://ift.tt/2PbO1wL
Read more

E Ink’s new digital paper lets you draw with almost no lag

-
Image
The hypothetical pinnacle of digital paper is when it becomes indistinguishable from the real article, both in terms of reading and writing. Today, at the Connected Ink conference in Tokyo, E Ink Holdings took us a little bit closer with its new JustWrite technology. JustWrite is designed to feel as close as possible to writing on a sheet of standard A4, without the inclusion of a bulky TFT backplane. It requires very little electricity to run, and boasts very low latency, in order to offer a natural-feeling writing experience. So, how does this work in practice? You can see an… This story continues at The Next Web from The Next Web https://ift.tt/2zsJp0r
Read more