Brief news Mt. Gox, the Japanese bitcoin exchange that went bankrupt following a data breach a decade ago, is now repaying creditors who are being […]
Category: Tech
SoftBank shares soar on $1.86 billion debt issuance as CEO praises ‘super’ AI
Brief news SoftBank Issues Bonds to Reduce Debt and Focus on AI Investments • SoftBank plans to issue bonds in euros and dollars to reduce […]
The EU charges Microsoft with antitrust violations for team bundling
Brief news The European Union has charged Microsoft with violating antitrust laws by packaging its Teams video conferencing and collaboration software with other productivity tools, […]
Cisco is “very hopeful” about growing its business with China EVs
Brief news Cisco’s Greater China CEO, Ming Wong, expressed optimism about expanding business with Chinese electric car businesses as they expand internationally. Chinese EV companies […]
Amazon reports that July 16 and 17 will be Prime Day
Brief news Amazon’s Prime Day event returns on July 16 and 17, featuring a variety of deals and exclusive deals for Prime subscribers. The event, […]
Tesla recalls thousands Cybertrucks for windscreen wiper, trim concerns.
• Tesla issued a recall for 4,000 Cybertrucks in April 2023 due to potential accelerator pedal pad looseness. • The U.S. National Highway Traffic Safety […]
Nvidia falls 13% in three days after temporarily being most valuable
In brief Nvidia shares plummeted 6.7% on Monday, their third straight loss, and are down 13% from last week’s top. Due to the AI surge, […]
Experts urge EU to reject Chinese EV tariff decision after two parties agree to consult
Brief news The EU and China have agreed to discuss the anti-subsidy inquiry into Chinese electric vehicles (EVs). Chinese observers believe that this move shows […]
Apple is accused by EU regulators of violating tech standards
Brief news The European Commission has accused Apple of violating the Digital Markets Act (DMA) by not allowing app developers to direct users to alternative […]
Tesla internal data suggests at least 14% workforce reduction this year
Brief news Tesla has cut its global staff to just over 121,000 people since 2023, including temporary workers, resulting in the company firing more than […]