Elon Musk announced that SpaceX will sue the Federal Aviation Administration (FAA) for “regulatory overreach” following the agency’s plans to fine the defense contractor over issues related to two launches last year. Musk’s threat of litigation, made in a post on the social media platform X on Tuesday, came after ...
Read More »Intel Aims to Develop AI Chips for All, Says CEO, Amid Company’s Efforts to Keep Pace with Competitors
Intel’s CEO, Pat Gelsinger, expressed the company’s ambition to reclaim its status as the top chipmaker globally, following the ascent of competitors TSMC and Samsung in recent years. Speaking to CNBC during the Computex tech conference in Taipei on Tuesday, Gelsinger outlined Intel’s strategy, stating, “We want to build everybody’s ...
Read More »Google Unveils Cutting-Edge AI Models Amid Escalating Competition with OpenAI
During its annual developer conference, Google unveiled its latest artificial intelligence models, which it describes as its most lightweight and efficient yet. At Google I/O on Tuesday, the company introduced Gemini 1.5 Flash, the latest iteration in the Gemini series. According to a blog post by Google, this new model ...
Read More »Amazon CEO Andy Jassy Found in Violation of Federal Labor Law for Anti-Union Comments
A National Labor Relations Board judge ruled on Wednesday that Amazon CEO Andy Jassy violated federal labor law through comments he made to various media outlets regarding unionization efforts within the company. NLRB Administrative Law Judge Brian Gee pointed to interviews Jassy conducted in 2022 with CNBC’s “Squawk Box,” Bloomberg ...
Read More »Honda to Construct $11 Billion Electric Vehicle Hub in Canada
In an announcement made on Thursday, Honda Motor, alongside its yet-to-be-disclosed joint venture partners, revealed plans to invest $11 billion in Ontario, Canada, to establish a “comprehensive EV value chain.” The initiative aims to establish a new North American electric vehicle hub, incorporating the construction of assembly and battery plants, ...
Read More »Dutch Government Considers Ending Facebook Use Due to Privacy Issues
On Friday, the Dutch government indicated potential discontinuation of Facebook use following a caution from the Netherlands’ privacy watchdog regarding privacy risks associated with the Meta-owned platform. The Dutch Data Protection Authority (DPA) advised the Dutch Interior Ministry against using Facebook pages for citizen communication unless there’s clarity on how ...
Read More »Trump Media Files Lawsuit Against Co-Founders, Alleging ‘Severe Mismanagement’
The media company recently taken public by Donald Trump is filing a lawsuit against its co-founders, alleging that they failed “spectacularly” in launching the company and subsequently attempted to “thwart the deal.” The lawsuit, filed in Sarasota County, Florida, civil court, aims to prevent Trump Media & Technology Group co-founders ...
Read More »Trump Seeks Appeals Court Review of Decision Allowing Fani Willis to Stay on Georgia Election Case
Former President Donald Trump, along with eight other defendants, filed a formal application on Friday to appeal a judge’s decision permitting Fulton County District Attorney Fani Willis to continue overseeing the 2020 election case in Georgia. Trump and the other defendants had sought to remove Willis and her office from ...
Read More »Reddit Soars 48% on NYSE Opening After Selling Shares at High End of Range
In its first initial public offering for a major social media company since Pinterest went public in 2019, Reddit saw its shares surge by 48% during its debut on Thursday. The 19-year-old platform, which hosts millions of online forums, priced its IPO at $34 per share on Wednesday, at the ...
Read More »Tesla Ordered to Pay $42 Million for Employee Crash Resulting in Motorcyclist Injury
Following a 2017 collision involving a company-owned Ford truck and a motorcycle, an Indiana jury has determined that electric vehicle manufacturer Tesla and one of its employees, Kyle Kaszuba, share partial liability. The accident resulted in severe injuries to the motorcyclist, Christopher Dugan, including partial amputation, permanent disfigurement, and a ...
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