Happy Sunday. In today’s Sunday edition, I will collate several interesting graphs that I found recently about current tech and business events. If you like this format do let me know.
- Maanav
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The U.S. has started to narrow its gap with China in the lithium-ion battery industry. The market is valued at $46 billion globally and is expected to grow further as EV vehicles become the norm. The U.S. has the second-largest EV market globally, after China. Tesla and Asian cell makers are making “significant” investments in the country as government policies help establish a domestic battery supply chain.
Over60: Bloomberg
According to India's power ministry, the 135 thermal power plants of Asia's third-largest economy had an average of just four days of coal stocks as of Friday, down from 13 days of supplies in early August. Power supply shortages have already started to hit the economy in neighboring China, where the manufacturing sector last month suffered its first contraction since the pandemic's start.
Over60: F.T.
The Metaverse has become all the rage in silicon valley now, or at least Mark Zuckerburg would have us believe that based on his ambition to transform Facebook into a metaverse company. The Metaverse refers to the idea of a shared, persistent virtual space, akin to a digital mirror of the real world — but without any of the constraints. Famous VCs like Matthew Ball have made a case for investments in Metaverses in a post-covid digital forward world.
Over60: The Verge, Matthew Ball Metaverse Primer
Like PayPal, whose alumni spawned Tesla, LinkedIn, and YouTube, Uber has given rise to its own mafia — an alumni network that has founded over 240 startups, according to CB Insights data. The majority of the companies (63%) are early-stage (seed and Series A).
Over60: CB Insights
Corporate interest in blockchain has been obvious over the last few years. Major banks and institutions are opening up to the idea that blockchain and cryptocurrencies will improve their traditional systems. New research from Blockdata has shown that interest started way back in 2014. As of September 2021, 81 of the top 100 public companies are using blockchain technology.
Over60: Blockdata
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Have a good week,
Team Under60.