Yandex Co-Founder Launches European AI Venture with 1,300 Staff
July 19, 2024 – According to a report by the Financial Times on the 17th, Arkady Volozh, the co-founder of Russian technology giant Yandex, is launching a new AI company in Europe, primarily composed of former Yandex employees. Volozh will helm this new venture, named Nebius, which focuses on AI infrastructure. Currently, Nebius boasts approximately…
Apple in Talks to Boost Apple TV+ Library with More Movie Rights Acquisitions
July 19, 2024 – According to Bloomberg, Apple is actively engaged in negotiations to acquire more film rights from various Hollywood movie studios, aiming to expand the content library of its streaming platform, Apple TV+. Sources familiar with the matter revealed that while Apple has traditionally focused on producing original content for its streaming service,…
ByteDance Loses Battle: EU Court Designates It as a ‘Gatekeeper’ in Tech Landscape
July 18, 2024 – In a landmark decision, the Court of Justice of the European Union (CJEU) upheld the European Commission’s classification of ByteDance as a “gatekeeper” under the Digital Markets Act (DMA), dismissing the company’s appeal against the ruling. This victory for the EU’s antitrust watchdog underscores its commitment to reigning in the power…
OpenAI CEO Takes Legal Action: Luxury Mansion’s Leaks, Mold, Sewage Spark Quality Claims
July 18, 2024 – In a shocking revelation, San Francisco’s prestigious tech mogul, Sam Altman, CEO of OpenAI, has embroiled himself in a legal battle with a renowned property developer over a lavish mansion plagued by alleged quality issues. Altman, who splashed out $27 million on the property, has filed a lawsuit against Troon Pacific,…
Starbucks and Mercedes-Benz Collaborate on Electric Charging Stations for American Roads
July 18, 2024 – Mercedes-Benz has announced a partnership with Starbucks to install 400-kilowatt high-speed electric vehicle charging stations at 100 Starbucks locations along Interstate 5 on the West Coast of the United States. This initiative is part of the automaker’s global plan to establish 2000 charging hubs, with a total investment of $1 billion….
Apple’s iPhone 17 Won’t Use Space-Saving New Motherboard Material, Says Analyst Ming-Chi Kuo
July 18, 2024 – According to the latest information from Apple analyst Ming-Chi Kuo, Apple has once again postponed the implementation of a new type of resin-coated copper foil (RCC) component in its iPhones. This space-saving component, originally slated for inclusion in the iPhone 16, was later deferred to the iPhone 17, and now faces…
Meta Holds Off on EU Release of Multimodal AI Model Due to Regulatory Constraints
July 18, 2024 – According to a report by Axios, Meta has announced in a statement that they are set to unleash a multimodal Llama model; however, due to the uncertainty of the regulatory environment, the model will not be released in the European Union. Meta clarified that this decision implies that even if the…
Porsche Bolsters Electric Macan Range with Rear-Wheel Drive and 4S Versions
July 17, 2024 – Porsche has officially commenced production of its first all-electric Macan in Germany, marking a significant milestone in the luxury carmaker’s electric vehicle journey. To cater to a broader consumer base, Porsche has recently unveiled two new variants of the electric Macan – a lighter rear-wheel-drive edition and a dual-motor 4S version….
UK Regulator Probes Microsoft’s Transactions with Inflection AI
July 17, 2024 – The UK’s Competition and Markets Authority (CMA) announced on July 16th that it is investigating Microsoft’s hiring of several former employees of Inflection AI and the arrangements made with the company. The regulatory body has expressed concerns that these actions could potentially lead to a “substantial lessening of competition.” In its…
Three Months After Layoffs, Tesla Launches Significant Hiring Initiative
July 17, 2024 – Tesla is in the process of hiring nearly 800 new employees, just three months after CEO Elon Musk issued the largest layoff order in the company’s history. According to Bloomberg’s analysis, new job postings have appeared on Tesla’s career page in recent weeks, ranging from artificial intelligence experts to service positions….