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Welcome to the AllNews roundup of the top Five Technology News of this week.
Lucid Group, Inc. announced that it has sealed a deal with the Government of Saudi Arabia, to purchase up to 100,000 electric cars over ten years, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles over the same period.
Lucid's CEO and CTO, Peter Rawlinson said that the deal will serve as another pivotal movement to enable the company to sustain transportation worldwide on Tuesday. Read more here.
MTN Nigeria, on Wednesday, said that it has paid N3.5 trillion as levies and taxes to government since its inception.
The Chief Executive Officer (CEO) of MTN, Karl Toriola, who said this in his address at the ‘Brunch with Karl’ at Lagos Business School, also said that the organisation had committed over N3.4 trillion on capital investment. Read more here.
Tech giants, Meta, Alphabet, Shopify, and McKinsey & Co. Inc. are teaming up to buy nearly $1 billion of permanent carbon removal between 2022 and 2030.
The funds will be allocated by Frontier, a public benefit corporation that plans to purchase $925 million worth of permanent carbon removal from companies developing the technology. Read more here.
Huobi Technology Holdings Limited has announced the launch of its strategic investment and M&A unit Huobi Tech Capital to explore investment opportunities in the blockchain industry by looking into areas such as Web3, Defi and the Metaverse.
Huobi Tech Capital was launched over the weekend and it is expected to focus on early-stage investments that ride on industry trends, as well as strategic acquisitions that strengthen Huobi Tech's blockchain ecosystem. Read more here.
Crypto exchange Binance announced on Tuesday that it has launched a crypto card for Ukrainian refugees who are forced to move to European countries due to the ongoing war with Russia.
The crypto card will allow both veterans and Binance newbies from Ukraine to make or receive crypto payments and make purchases at retailers in the European Economic Area (EEA) who accept card payments. Read more here.
These are the latest Technology news that made trends during the week. Visit our website https://allnews.ng for more Technology news around the world.
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