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Governance
Alibaba bets on overseas e-commerce unit
Alibaba focuses on global expansion amid slow domestic growth, boosted by strong international e-commerce revenue.
Companies
EU opens formal investigation into TikTok
The European Commission investigates TikTok’s compliance with the Digital Services Act for minor protection and advertising transparency.
Companies
The EU now formally investigate TikTok’s compliance with the Digital Services Act
The DSA is the EU’s online governance and content moderation rulebook, and since Saturday it has been widely applied to (possibly) thousands of platforms and…
Leaders
Sony to release a ‘Pro’ version of the PlayStation 5 this year
Sony might launch a PlayStation 5 Pro to revive interest, anticipating “Grand Theft Auto 6,” amidst lowered PS5 sales expectations.
Companies
The US will relax pollution-limiting rules for vehicle emissions
The New York Times writes that labor leaders are pressing Biden to give them more time to unionize workers at new U.S. electric car plants. The union’s suppo…
Companies
Porsche has added two new hybrids to its plug-in Panameras range
Late last year, Porsche unveiled the third-generation Panamera, which includes the Panamera Turbo E-Hybrid, the first of four models that will eventually be …
Cloud Service
Microsoft to expand its AI infrastructure in Spain with $2.1 billion
New investment Microsoft will invest $2.1 billion over the next two years to expand its artificial intelligence (AI) and cloud infrastructure in Spain, Brad …
Leaders
Chinese EV maker Xpeng to hire 4,000, invest $486.2 million in AI
* Xpeng’s CEO said the company plans to hire 4,000 new employees and invest 3.5 billion yuan ($486.2 million) in artificial intelligence technology. * The Ch…
Companies
Google feature automates customer service calls
Google’s “Talk to a Live Representative” feature automates customer service calls, notifying users when a human agent is available.
Global
Bitcoin now 80 trillion times more difficult to mine, with halving set for April
Bitcoin mining difficulty, which measures the difficulty of solving cryptographic puzzles in the mining process, exceeded 80 trillion.
Companies
Europe’s Digital Services Act applies in full from February 18
The EU’s relaunched e-commerce rules are fully applicable from tomorrow, potentially setting new legal obligations on thousands of platforms and digital busi…
Companies
Top tech stories today: February 19, 2024
Major social media platforms, such as YouTube, are testing new features. Bitcoin’s mining difficulty has experienced a notable surge
Companies
Spotr, Dutch data platform, earned $4.8M funds to build largest database
Spotr, a Dutch property data platform, secures $4.8 million in funding to bolster its position as a global property data platform.
Leaders
The ‘world’s largest casino’ exposed customers’ personal data
WinStar, based in Oklahoma, bills itself as “the world’s largest casino. Casino and hotel resorts also offer an app, My WinStar, where guests can access self…
Companies
The EU will fine Apple 500 million euros
The EU plans to fine Apple around 500 million euros for antitrust violations, its first such penalty, alleging unfair competition.
Companies
Electric vehicles will account for 60% of new car production in 2030
The Biden administration aims to ease car emissions rules, granting more time, but faces industry skepticism over feasibility.
Governance
Biden slowed the transition to EVs to appease automakers
Sources first told The New York Times that the administration’s shift on tackling climate change was intended to placate automakers and unions. New legislati…
Leaders
OpenAI has become the world’s third largest unicorn
OpenAI’s valuation skyrockets to over $80 billion post stock sale, marking a significant surge in investor confidence.
Leaders
Graphcore sells assets and seeks to raise $500 million
Graphcore, the “British NVIDIA,” faced a 46% revenue drop in 2023, seeking outside investors like OpenAI and SoftBank to offset losses.
Companies
Nvidia’s market cap has surpassed that of Amazon and Alphabet
The world’s largest tech companies are engaged in an artificial intelligence chip arms race, each hoping to develop its own GPU chips in a bid to dethrone Nv…