Category: Technology Development

Nuvei’s Red-Hot IPO Marks Canada’s Largest Tech Offering

(Bloomberg) — Payments company Nuvei Corp. jumped 31% in its trading debut on Thursday, riding the wave of demand for technology shares that has swept the globe in recent months.

Montreal-based Nuvei, which supplies payment technology to the retail, travel, gaming and other sectors, is among a cluster of firms benefiting from the shift to e-commerce during pandemic lockdowns. The deal raised $700 million, making it the biggest tech offering in the history of the Toronto Stock Exchange, the exchange said in a statement.

“The rebound in technology names is a good sign for the private tech companies with plans

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5 Top-Ranked Technology ETFs Worth a Bet Now

Wall Street is mostly seeing a rough stretch, marked by the sharp selloff in technology stocks beginning Sep 3. The market turbulence could have been a result of people rushing to book profits, probably due to worries over high valuations, uncertainty over another pandemic stimulus-relief package, budget negotiations and the approaching elections. Also, September is historically considered the worst month for the stock market. Per LPL Financial data published in a Yahoo Finance article, the S&P 500 has fallen about 1%, on average, in September since 1950.

However, we must not forget that the technology sector has remained relatively strong

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Even if Elon Musk’s Neuralink brain chip never gives us telepathy, it could do wonders for animal testing

Tech billionaire Elon Musk. <p class="copyright">Win McNamee/Getty Images</p>
Tech billionaire Elon Musk.
  • Elon Musk hosted a live demo from his company Neuralink on August 28 that showed a pig named Gertrude with a computer chip relaying live signals from her brain.

  • The chip is proof-of-concept for Neuralink’s stated aim of getting its technology into humans, to treat neurological conditions and, according to Musk, one day merge human consciousness with computers.

  • Neuroscientist Prof. Andrew Jackson told Business Insider even if the technology falls far short of Neuralink’s mission statemetn it could be hugely beneficial to the world of animal testing, which could in turn lead to

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The EmDrive Just Won’t Die

Photo credit: luismmolina - Getty Images
Photo credit: luismmolina – Getty Images

From Popular Mechanics

When DARPA put money behind the controversial EmDrive in 2018, it looked like a big gamble. Many physicists had dismissed the revolutionary space drive as simply fake science. Now its EmDrive project is greenlit for Phase 2, DARPA told Popular Mechanics in February this year. Meanwhile, other teams are hoping to reach a final demonstration of the technology later this year.

“This is a technology which could transform space travel and see craft lifting silently off from launchpads and reaching beyond the solar system,” says Mike McCulloch, a lecturer in geomatics

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Analysts React To GM-Nikola Partnership

Shares of General Motors Company (NYSE: GM) and Nikola Corporation (NASDAQ: NKLA) rallied on Tuesday after GM announced it’s taking a billion stake in the hydrogen fuel cell electric truck maker. As part of the companies’ new partnership, GM will produce Nikola’s first Badger truck model starting before the end of 2022.

GM now has an 11% ownership stake in Nikola and will have the right to nominate one Nikola board member. GM will also supply Nikola’s fuel cells in every market other than Europe, and Nikola will use GM’s Ultium battery platform system.

In an interview on CNBC, GM

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