Prada Acquires Versace for $1.38bn in Deal Valued Below 2018 Purchase Price
Prada has acquired Italian luxury fashion house Versace for $1.38bn (£1.04bn), bringing the two historic design brands under common ownership at a price significantly lower than what Versace’s former parent…
US Appeals Court Rejects Investor Claims Against Adidas Over Kanye West Partnership
A US appeals court has sided with Adidas in a lawsuit brought by shareholders who claimed the company misled investors about risks tied to its collaboration with Kanye West before…
Meta Begins Removing Under-16 Users From Instagram and Facebook in Australia
Meta has begun removing Australian users under the age of 16 from Instagram, Facebook, and Threads ahead of a nationwide social media ban that comes into force on 10 December,…
Amazon Web Services Introduces Three AI “Frontier Agents,” Including Long-Running Coding Agent Kiro
Amazon Web Services has introduced three new artificial intelligence agents it calls “frontier agents,” including an autonomous coding system named Kiro that the company says can operate independently for hours…
Android 16 Introduces AI Notification Summaries, Deeper Customization, and New Accessibility Tools
Google is rolling out Android 16 with a set of new artificial intelligence, customization, safety, and accessibility features, while also shifting Android to a more frequent update schedule starting with…
OpenAI Faces Backlash After App Suggestions in ChatGPT Are Mistaken for Paid Ads
OpenAI has faced user criticism after ChatGPT displayed an unsolicited suggestion for the Peloton app during a conversation, prompting concerns that advertising had appeared inside the paid version of the…
Discord Enables In-Platform Purchases of Game Items Ahead of Possible IPO
Discord has introduced new commerce features that allow users to buy digital in-game items directly within the platform, a move that coincides with preparations for a potential initial public offering…
Mixpanel Data Breach Raises Concerns After Sparse Disclosure and OpenAI Fallout
A cybersecurity incident at analytics provider Mixpanel, disclosed just hours before the U.S. Thanksgiving holiday weekend, has prompted scrutiny over the company’s limited explanation of the breach and its impact…
San Francisco Files Lawsuit Against Major Food Companies Over Ultra-Processed Products
San Francisco has sued ten major food and beverage companies, accusing them of knowingly producing and marketing ultra-processed foods that the city says are linked to rising rates of serious…
Michael Jordan and Team Owners Take NASCAR to Trial Over Monopoly Claims
Michael Jordan has taken NASCAR to court, accusing the motorsports organizer of operating an illegal monopoly that he and other team owners say has suppressed competition and caused major financial…
Airbus Inspects A320 Aircraft After Supplier Panel Quality Issue Identified
Airbus has begun inspecting a limited number of A320 aircraft after identifying a supplier quality issue involving metal panels, with up to around 600 planes potentially affected, according to the…
European Police Dismantle Crypto Mixer Used to Launder €1.3 Billion
A coalition of European law enforcement agencies coordinated by Europol announced Monday that it has shut down Cryptomixer, a cryptocurrency laundering service used heavily by cybercriminals. A Long-Running Money-Laundering OperationIn…
Nvidia Invests $2B in Synopsys to Accelerate GPU-Driven Chip Design
Investment Deepens Existing PartnershipNvidia is investing $2 billion into Synopsys, a leading provider of software and components used in chip design. The move expands their long-running collaboration at a time…
Rufus Helps Lift Amazon’s Black Friday Sales as AI Shopping Surges
Sensor Tower Data Shows Strong Uptake of Amazon’s AI ChatbotAmazon’s AI shopping assistant, Rufus, saw a sharp rise in use on Black Friday, according to new data from market intelligence…