In an ambitious move toward a smarter, greener future, Los Angeles has unveiled plans to build one of the most advanced roadways in the world — a wireless charging road for electric vehicles. This innovative project is part of a larger sustainability initiative designed to make Los Angeles a global model for smart cities before it takes the world stage at the 2028 Summer Olympics. The half-mile stretch of Charles E. Young Drive in Westwood will become a showcase of cutting-edge inductive charging technology. Beneath the asphalt, specially engineered coils will generate electromagnetic fields that can wirelessly charge EVs fitted…
Author: laessay
In a major win for California’s technology and manufacturing sectors, global industrial giant Siemens has announced a $285 million investment aimed at expanding U.S.-based production facilities. A large portion of this funding will be directed toward a new advanced manufacturing plant in Pomona, California, designed to produce cutting-edge electrical components and smart solutions critical for powering data centers, next-generation factories, electric vehicle charging infrastructure, and smart grids. The new facility is expected to create more than 900 skilled jobs and will serve as a cornerstone in Siemens’ strategy to localize production and reduce dependency on fragile international supply chains. According…
While the world continues to look to Silicon Valley as the center of technology innovation, Los Angeles is quietly but steadily carving out its place as a leading player in the artificial intelligence revolution. Over the past five years, LA’s tech ecosystem has diversified far beyond entertainment, with local startups tackling some of the most pressing challenges and opportunities in AI development. Los Angeles-based companies are making headlines in fields like autonomous driving, AI-assisted film production, climate science, healthcare diagnostics, and education technology. Startups like Curai Health are using AI to deliver personalized medical consultations, while others, like Applied Intuition,…
In a pivotal development for the crypto industry, Ripple Labs has suffered a legal blow in its ongoing court battle with the U.S. Securities and Exchange Commission (SEC). A federal judge ruled this week that certain institutional sales of XRP did indeed constitute unregistered securities offerings, a decision that could significantly impact Ripple’s future operations and the broader regulatory landscape for crypto in the United States. The case, originally filed in December 2020, centers on whether XRP should be classified as a security. While the court had previously ruled that programmatic sales of XRP (i.e., those made via exchanges) did…
Bitcoin (BTC) has once again captured the spotlight after breaking through the $70,000 resistance level on Wednesday, marking a major milestone in its 2025 price rally. The world’s largest cryptocurrency surged by over 5% in 24 hours, fueled by a combination of institutional investment, rising ETF inflows, and growing optimism over upcoming macroeconomic data. This latest price move comes amid a broader bullish trend in the digital asset space, as the total crypto market capitalization now exceeds $2.8 trillion for the first time since late 2021. Analysts point to increased activity in spot Bitcoin exchange-traded funds (ETFs), particularly in the…