Fidelity Ups Valuation of Elon Musk’s X and xAI Stakes
Fidelity has raised the estimated value of its stake in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to an Axios report. Despite the boost, the social media…
Elon Musk Challenges OpenAI’s For-Profit Move in Court
Elon Musk is asking a federal court to stop OpenAI from fully transitioning into a for-profit business. On Friday, Musk’s legal team, which includes representatives for his AI company xAI…
European Commission Closes Amazon Tax Case Without Back Payment
Amazon will not be required to pay €250 million ($263 million) in back taxes after the European Commission announced the closure of a long-standing state aid investigation. This decision brings…
Canada Competition Bureau Files Lawsuit Against Google Over Ad Business
Canada’s Competition Bureau is taking legal action against Google, aiming to dismantle parts of the tech giant’s advertising business. The agency announced on Thursday that its investigation revealed Google allegedly…
Germany is Betting Big on Chips with a €2 Billion Subsidy Plan
Germany has announced plans to invest around €2 billion into its semiconductor industry. This funding aims to develop advanced chip production capabilities and strengthen the European semiconductor ecosystem, according to…
Google Sues Former Engineer Over Leaked Pixel Chip Secrets
Google has filed a lawsuit against Harshit Roy, a former engineer, accusing him of leaking confidential details about its Pixel chip designs. The case, filed in the U.S. District Court…
Kodak Pauses Film Production for Factory Upgrades in Rochester
Eastman Kodak has halted film production temporarily as part of a plan to modernize its Rochester, New York factory. Announced during the company’s Q3 2024 earnings call on November 13th,…
Fans Split Over Coca-Cola’s AI Holiday Commercial
Coca-Cola has released its annual holiday commercial, blending nostalgia with cutting-edge AI technology to recreate the charm of its iconic 1995 “Holidays Are Coming” ad. The campaign features three distinct…
Australia Passes Law Banning Social Media for Kids Under 16
AAustralia has approved one of the world’s strictest social media laws, banning children under 16 from accessing platforms like Instagram, TikTok, and YouTube. The legislation, passed with a 34–19 vote…
Microsoft Faces FTC Investigation Over Antitrust Concerns
Microsoft is under investigation by the Federal Trade Commission (FTC) in an expansive antitrust probe, marking it as the fifth major technology company to come under such scrutiny in recent…
Declining EV Sales Push Porsche to Stick with Gas Engines
Porsche, long celebrated for its high-performance vehicles, is slowing its shift to an all-electric lineup. The automaker will continue producing internal combustion engine (ICE) vehicles for longer than anticipated, as…
London Tackles Reckless E-Bike Parking
Transport for London (TfL) is cracking down on e-bike parking issues, introducing measures to ensure compliance from operators like Lime and Forest, which oversee over 40,000 e-bikes citywide. While London’s…
Threads Prepares to Roll Out Feature Inspired by Bluesky’s Starter Packs
Meta’s Threads is developing a feature that takes cues from Bluesky’s Starter Packs, a widely popular tool for helping new users find people to follow. This development, first reported by…
Bluesky Outlines Future of Verification Beyond Paid Checkmarks
Bluesky, the emerging alternative to Twitter/X, is rapidly gaining traction in the social media landscape. With its foundation rooted in open web principles, the platform has experienced a remarkable growth…
Bluesky’s Open API Makes User Data Vulnerable to Scraping
Bluesky is facing its first major controversy over data scraping after a dataset containing one million public posts appeared on the AI platform Hugging Face, 404Media reports. Compiled by Daniel…
FTC Investigates Uber Over Subscription Practices
The Federal Trade Commission (FTC) is investigating Uber over complaints tied to its subscription service, Uber One. Customers have accused the company of signing them up without consent and making…
TikTok Plans to Limit Beauty Filters for Teens
TikTok is tightening its rules on beauty filters for users under 18, rolling out new restrictions globally in the coming weeks. The platform, which has over a billion users worldwide,…
Uber Expands Gig Economy Offerings with AI Data Labeling Division
Uber has introduced a new gig economy initiative, expanding its workforce to support AI development through data labeling and coding services. The company’s newly branded Scaled Solutions division hires independent…
Trump Might Name an ‘AI Czar’ as Musk Weighs In
President-elect Donald Trump is reportedly considering appointing an “AI czar” to shape the government’s artificial intelligence (AI) policy, Axios reports. If the role moves forward, it would focus on coordinating…
Brazil Challenges Apple’s App Store Policies with Daily Fine Threat
Brazil has issued a strong directive to Apple: adapt the App Store policies to allow more flexibility for third-party developers or face daily fines. The nation’s antitrust regulator, Conselho Administrativo…