Microsoft investment in OpenAI risks potential EU merger probe

Jaap Arriens | Nurphoto | Getty Images Microsoft’s multibillion-dollar investment in artificial intelligence firm OpenAI could face a full-blown merger investigation in the European Union, EU officials said Tuesday. The European Commission, which is the executive arm of the EU, said that it was embarking on a competition investigation looking at the markets for virtual … Read more

Unity Software to lay off 1,800 employees

James Whitehurst, the former CEO of Red Hat. Adam Jeffery | CNBC Unity Software said Monday that it’s cutting 1,800 jobs, or about 25% of its workforce, in the latest round of layoffs at the gaming technology company. The stock jumped almost 5% in extended trading. Unity said in a regulatory filing that the cuts … Read more

Fiat Sold Just 605 Cars In 2023

2024 Fiat 500eImage: Stellantis If you thought that Dodge and, to a more serious extent, Chrysler were the most sad looking brands in Stellantis’ arsenal, you haven’t been paying attention to Fiat. And why would you? The brand sells so few cars in the U.S. it makes you wonder if it’s even worth it for Stellantis … Read more

Now BMW Thinks People Want To Play Video Games In Their Car

Image: BMW BMW says its presence at this year’s Consumer Electronics Show is “… dedicated to the digital customer experience.” For the automaker, this means new infotainment experiences that expand its in-car gaming offerings. BMW 3T Electric Gravel Bike | Jalopnik Reviews Image: BMW In-car gaming at BMW made its debut with the recently designed … Read more

Apple iPhone sales in China fell over 30% during first week of 2024: Jefferies

Apple CEO Tim Cook delivers remarks during an Apple special event in Cupertino, California, on Sept. 12, 2023. Justin Sullivan | Getty Images Apple’s iPhone sales in China were down more than 30% year-over-year for the first week of January, while competitors like Xiaomi and Huawei have “remained much stronger” with flat sales, according to … Read more

Average EV Driver Sits At Fast Charger For More Than 40 Minutes

Image: Hyundai Whether it comes down to a trend of buyers seeking bigger batteries, public DC fast chargers not delivering the speeds they advertise, or lack of knowledge of fast charging practices, it’s taking 42 minutes for the average EV to charge up. A study from Energetics covering 2.4 million charging sessions over a three-year … Read more

Tesla recalls over 1.6 million cars in China over Autopilot, locks

Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state … Read more

Coinbase, Gemini plan user risk assessments in UK ahead of new rules

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Afp | Getty Images Coinbase, Crypto.com, Gemini … Read more

Fisker Ditches Direct Sales For No-Haggle Dealer Partnerships

The reborn Fisker produced just over 10,000 cars in 2023, delivering around 4,700 units of the Ocean crossover to customers across 12 markets worldwide (including some right-hand-drive countries) following the first deliveries in June. Fisker says it is already a revenue-generating company, despite supply chain issues and other challenges, and now it has launched a … Read more

Company to cut 15% of workforce

Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees … Read more