GDPR Enforcement: LinkedIn Penalized $334 Million for Unauthorized Data Use
LinkedIn has been fined €310 million ($334 million) by the European Union after the Irish Data Protection Commission (DPC) found that the company had mishandled user data for targeted advertising. This hefty penalty underscores the importance of strict compliance with the...
Big Money, Big Moves: Waymo’s $5.6 Billion Funding Fuels Expansion Plans
Waymo, the autonomous driving subsidiary of Alphabet, has announced a significant financial boost, securing $5.6 billion in an oversubscribed investment round. This funding round marks the largest influx of capital for the company to date and brings its total fundraising to...
The Price of Power: Arm’s Chip License Withdrawal Puts Qualcomm in Financial Crosshairs
Arm Holdings Plc has delivered a major blow to Qualcomm Inc., its longtime partner, by issuing a 60-day notice of termination for their architectural license agreement. This move is the latest escalation in an ongoing legal battle that has rattled the semiconductor...
Tough Choices at Dropbox: 528 Jobs Lost as Company Confronts Slowing Demand and Profit Pressures
For the second time in under two years, Dropbox is executing major layoffs, with 20% of its global workforce set to be cut. In a blog post from CEO Drew Houston, the company announced it will be letting go of approximately 528 employees, citing a challenging economic...
Washington’s New AI Play: Targeted Export Licenses to Thwart China’s Tech Ambitions
The Biden administration is exploring new strategies to regulate the export of advanced artificial intelligence (AI) chips from U.S. companies like Nvidia Corp. and Advanced Micro Devices Inc. (AMD) on a territorial basis, according to multiple sources familiar with the...
Amazon Unveils Advanced Ad Capabilities with AI, DSP Enhancements at UnBoxed Conference
Amazon Ads recently introduced a series of cutting-edge tools and platform updates aimed at streamlining advertising campaigns and enhancing advertiser capabilities. The announcements were made at Amazon’s annual UnBoxed conference, where the retail media giant showcased how...
DOJ Wants to Split Google’s Empire, Cites Monopoly Concerns Over Search
The U.S. Department of Justice (DOJ) is weighing a dramatic move to dismantle parts of Google’s business to address its alleged monopoly in online search. In a court filing on Tuesday, federal prosecutors hinted at seeking a federal judge’s order to force the tech...
Autonomous Dream or Reality? Musk Promises Affordable Cybercab Before 2027
Tesla CEO Elon Musk took the stage once again, unveiling his latest venture into autonomous driving with the Cybercab, a fully self-driving car priced at under $30,000. Musk also teased plans for the Robovan, capable of carrying up to 20 people. The announcement, made at...
Breaking Down the Numbers: 911,000 BTC Now Managed by U.S.-Based Spot ETFs!
As of October 5, these ETFs manage over 911,000 BTC, reflecting a significant surge in institutional interest in Bitcoin, a trend that has analysts buzzing about the future of cryptocurrency investments.Leading the charge is BlackRock, the titan of U.S. ETFs, boasting a...
Fidelity Cuts Elon Musk X Stock by 79%
Fidelity has slashed its valuation of X, the social media platform formerly known as Twitter, by an astounding 79% since Elon Musk’s acquisition. This significant depreciation underscores the platform’s dramatic decline in market perception, now valuing it at just...