DMR News

Advancing Digital Conversations

Business

  • Home
  • Amazon plans $20B investment in Pennsylvania data centers, including site near nuclear plant

Amazon plans $20B investment in Pennsylvania data centers, including site near nuclear plant

Amazon announced on Monday plans to invest $20 billion in two new data center complexes in Pennsylvania. One of these is being built adjacent to the Susquehanna nuclear power plant…

Meta reportedly plans multi-billion dollar investment in Scale AI

Meta is reportedly discussing a multibillion-dollar investment in Scale AI, with Bloomberg reporting that the deal could surpass $10 billion. This would mark the largest external AI investment by Meta,…

Tesla attempts to block public records access ahead of Austin robotaxi launch

Tesla is reportedly attempting to block journalists’ access to public records in Austin related to its upcoming robotaxi service launch in the city. The company announced in January its intention…

Temu and Shein Shift Focus to Europe Amid Regulatory Challenges

Temu and Shein, China-founded budget e-commerce platforms, are increasingly turning to Europe as their U.S. operations suffer under unfavorable trade policies. However, their entry into European markets may not be…

Elon Musk’s net worth falls $34 billion amid feud with Trump

Elon Musk experienced a staggering $34 billion loss in personal wealth on Thursday after a public dispute with President Donald Trump. Tesla shares dropped 14.3% during the trading session, wiping…

Elon Musk Says SpaceX May Decommission Dragon Spacecraft After Trump Threat — Or Maybe Not

Elon Musk announced Thursday that SpaceX would begin decommissioning its Dragon spacecraft “immediately” in response to President Donald Trump’s threat to cancel government contracts with Musk’s companies. Dragon is critical…

Tanzania Orders Shutdown of X Over Pornography Concerns

Tanzania has decided to block access to the social media platform X, citing the sharing of pornographic content that conflicts with the country’s laws, culture, customs, and traditions, the information…

Alphabet CEO Sundar Pichai Downplays AI Job Fears, Highlights Growth Plans

In a Bloomberg interview Wednesday night in San Francisco, Alphabet CEO Sundar Pichai pushed back against fears that AI might render half of the company’s 180,000-person workforce redundant. Instead, Pichai…

Reddit Sues AI Startup Anthropic Over Contract Breach and ‘Unfair Competition’

Reddit is suing Anthropic, an artificial intelligence startup, alleging breach of contract and accusing the company of “unlawful and unfair business acts” by using Reddit’s platform data without permission. The…

Meta’s Move Into Nuclear Power Plant Ownership, More or Less

Meta announced on Tuesday that it has agreed to purchase all the “clean energy attributes” from Constellation Energy’s Clinton Clean Energy Center, a 1.1-gigawatt nuclear power plant located in central…

Disney Cuts Costs With Hundreds More Layoffs

Disney has revealed plans to lay off several hundred employees worldwide, affecting teams in its film, television, and finance departments. The entertainment giant faces ongoing challenges as viewers increasingly turn…

TikTok Shop Food Listings Allegedly ‘Putting People at Risk’

A recent BBC investigation found that many food items sold on TikTok Shop lack required allergen information, putting consumers at risk. UK businesses must legally declare any of the 14…

Tesla Submits New ‘Robotaxi’ Trademark Applications After Previous Attempt Stalls

Tesla has submitted new trademark applications for the term “Tesla Robotaxi,” following earlier setbacks in securing trademarks for its planned self-driving vehicle service. Back in October 2024, Tesla applied to…

Shopify Wins Legal Battle Against Canada Revenue Agency Over Merchant Data

Shopify Inc. has won a significant legal battle against the Canada Revenue Agency (CRA) after a federal court ruled in favor of the Canadian tech company. Judge Guy Régimbald sided…

Google Expected to Appeal Antitrust Ruling Amid Risk of Losing Chrome

After the conclusion of the lengthy trial in the federal antitrust case against Google, the company has announced its intention to appeal the court’s ruling. The Department of Justice (DOJ)…

Elon Musk’s xAI Reportedly Plans $300M Tender Offer

Billionaire Elon Musk’s AI startup, xAI, is reportedly preparing to launch a $300 million secondary share sale that values the company at $113 billion. The tender offer will allow xAI…

Tesla Sales Bounce Back in Norway, But Europe Struggles

Tesla’s new car sales in Norway jumped 213% in May compared to last year, defying a downward trend seen across Europe, according to data from the Norwegian Road Federation (OFV).…

Elon Musk Lobbying Lawmakers on Driverless Vehicle Regulations

Elon Musk may have stepped back from his role leading the Department of Government Efficiency and advising President Donald Trump, but he remains active in Washington, D.C. circles. This time,…

DoorDash CEO Tony Xu Aims to Lead Industry Consolidation in Food Delivery

During the height of the Covid pandemic, when restaurants nationwide faced unprecedented challenges, DoorDash CEO Tony Xu proposed an unconventional idea: cutting commissions to help struggling restaurants survive. While Chief…

Tesla Says It’s ‘Not Interested’ in Manufacturing Cars in India

Elon Musk-owned electric vehicle giant Tesla is reportedly “not interested in manufacturing in India,” according to the country’s heavy industries minister, HD Kumaraswamy. This statement came shortly after India issued…