Judge partially dismisses FTC's antitrust lawsuit against Amazon

Judge partially dismisses FTC's antitrust lawsuit against Amazon

A federal judge on Monday partially dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon.  However, few details are currently available about U.S. District Judge John Chun’s decision, which was filed under seal.   Amazon asked the judge to dismiss the FTC’s lawsuit in December, arguing that the practices the agency deemed anti-competitive are … Read more

Tesla’s Q3 deliveries is expected ahead of robotaxi event

Tesla’s Q3 deliveries is expected ahead of robotaxi event

Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday.  Analysts are expecting Elon Musk’s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That would include about 435,900 of Tesla’s Model 3 sedans and Model Y SUVs. Tesla reported deliveries of 435,059 and production of 430,488 vehicles … Read more

Cruise fined $1.5M over robotaxi crash reporting

Cruise fined .5M over robotaxi crash reporting

General Motors’s autonomous vehicle unit, Cruise, will pay a $1.5 million fine after it failed to disclose details initially about a serious crash involving a pedestrian last year, the National Highway Traffic Safety Administration (NHTSA) said Monday. The fine stems from an October 2023 crash, during which a software issue prompted a Cruise vehicle to … Read more

India to fabricate its first chip in two years as companies pledge to expand in the country

India to fabricate its first chip in two years as companies pledge to expand in the country

Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. Thierry Monasse | Getty Images … Read more

Pebblebee’s trackers now work on Apple’s or Google’s networks

Pebblebee’s trackers now work on Apple’s or Google’s networks

Pebblebee has announced new Universal versions of its Bluetooth trackers that support both Apple’s Find My and Google’s Find My Device networks. At $34.99 each, they’re more expensive than Apple’s popular $29 AirTags, but they include additional features like rechargeable batteries and a light that can make them easier to locate in the dark. Compatibility … Read more

Microsoft starts rolling out Windows 11 2024 update, version 24H2

Microsoft starts rolling out Windows 11 2024 update, version 24H2

Microsoft CEO Satya Nadella speaks at the company’s annual developer conference in Seattle on May 21, 2024. Max Cherney | Reuters Microsoft said Thursday that it’s starting the process of releasing a broad update to its Windows 11 operating system for PCs. Today, Windows accounts for just 9% of Microsoft’s $245 billion in fiscal 2024 … Read more

Hurricane Helene disrupts critical chip mining operations in North Carolina

Hurricane Helene disrupts critical chip mining operations in North Carolina

Companies mining high-purity quartz in Spruce Pine, North Carolina, have paused operations in the aftermath of Hurricane Helene. The quartz is a critical component of the chip-making process — and it’s only found in Spruce Pine. The two mining companies in the area, Sibelco and The Quartz Corp, confirmed that flooding, power outages, and employee … Read more

Microsoft AI bet shows up in finance leases that haven’t yet commenced

Microsoft AI bet shows up in finance leases that haven’t yet commenced

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia’s biggest economy to spur growth. Dimas Ardian | Bloomberg | Getty Images As Microsoft investors … Read more