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Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and to wall off TV streaming to avoid stifling competition. It said that market dominance created “an absence of real competitive conditions in the online retail market.”...
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Google is setting up a new hub in France dedicated to the artificial intelligence (AI) sector, which will be inaugurated on Thursday, said a statement from the French Finance Ministry. The ministry said on Wednesday that this new Paris-based Google hub would host around 300 researchers and engineers, and that it highlighted France's role as a leading tech centre. President Emmanuel Macron has been keen to promote the tech sector in France, which has traditionally lagged the United States and Britain as a software and finance hub...
Continue ReadingElon Musk and the Tesla shareholder who won a verdict last month voiding the CEO's $56-billion pay package will ask a judge to pause her ruling until an appeal is resolved, according to a Tuesday letter to the court from the shareholder's attorney. Greg Varallo, the shareholder's attorney, told Reuters the two sides will agree to a stay if they can reach a deal on an appeal bond. The letter is the first indication that Musk intends to appeal the ruling, which the billionaire has criticized on social media, saying he will seek shareholder approval to move Tesla's state of incorporation to Texas, where it has its headquarters...
Continue ReadingStrong demand for the Silicon Valley company's chips used in artificial intelligence computing has powered the stock 231% in the past 12 months to record highs. Nvidia, which hit a market value of $1.83 trillion on Wednesday, were trading up 1.2% at 12:55ET, putting it's market cap at around $1.80 trillion. In comparison, Alphabet's market capitalization is $1.81 trillion...
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Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO's $56 billion pay package will ask a judge to pause her ruling until an appeal is resolved, according to a Tuesday letter to the court from the shareholder's attorney. Greg Varallo, the shareholder attorney, said the two sides will agree to a stay if they can reach a deal on an appeal bond...
Continue ReadingAfter Apple reignites interest in mixed reality technology, Zuckerberg looks to prove Reality Labs' $42 billion in cumulative losses were worth every penny...
Continue ReadingSwedish labour union IF Metall on Wednesday said it would permit its mechanics to fix some Tesla cars at independent workshops during a 10-week period, exempting them from a strike that has targeted the electric vehicle maker since October. Tesla is facing pressure in the Nordic countries from powerful employee unions backing Swedish IF Metall's mechanics who went on strike on Oct. 27 demanding a collective agreement with the company. Non-Tesla workshops will be allowed to repair Tesla cars between Feb. 19 and April 30, IF Metall told Reuters, in a pause that will affect between 100-200 cars, according to the union...
Continue ReadingInsight into the Latest 13F Filing Reveals Significant Changes in Karr's Investment Strategy...
Continue ReadingSlack is rolling out a new AI bot to help users quickly summarize and search through their various chats and channels...
Continue ReadingWaymo voluntarily recalled some of the software running its self-driving taxis after two minor accidents. The Alphabet unit’s taxis are still operating...
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