Governance

Top tech news stories today: June 17, 2024

Shanghai has greenlit a fleet of 10 Tesla vehicles to hit its streets, kicking off trials for Tesla’s autonomous driving software.

AuthorSylvia Shen

Reading Time4 min

PublishedJune 17, 2024

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Headline

Shanghai has greenlit a fleet of 10 Tesla vehicles to hit its streets, kicking off trials for Tesla’s autonomous driving software.

Context

New York’s Attorney General recovers $50 million from Gemini Trust to repay defrauded crypto investors. Shanghai allows Tesla to test Full Self-Driving software. Meta pauses AI models launch in Europe, and McDonald’s ends AI drive-thru ordering tests. GPTZERO raises $10 million for AI detection. New York Attorney General Letitia James recovered $50 million from Gemini Trust to repay over 230,000 defrauded Earn program investors. Gemini, led by the Winklevoss twins, agreed to stop crypto lending in New York. ( Reuters )

Evidence

Pending intelligence enrichment.

Analysis

Shares of Wise dropped as the company projected weaker annual revenue growth, expecting 15-20% underlying income growth for the fiscal year ending March 2025, down from 31% reported for the previous year. ( CNBC ) Microsoft plans to invest €6.69 billion ($7.16 billion) to develop data centers in Aragon, Spain, over 10 years. This follows a recent €2.1 billion investment in Madrid. ( Telecom ) Telenor Cyberdefence, led by Thomas Kronen, combines 15 companies worth NOK 10-12 billion. Telenor CEO Sigve Brekke highlights its Nordic ambitions. ( Capacity ) Shanghai is allowing 10 Tesla vehicles to test its advanced autonomous driving software, paving the way for its rollout in China. Successful deployment of Full Self-Driving (FSD) software would enhance Tesla’s competitiveness in the Chinese market. ( Yahoo!Finance )