Tesla, the well-known electric vehicle company, is facing a lawsuit from the nonprofit Environmental Democracy Project. The lawsuit alleges that Tesla has an “ongoing failure to comply with the Clean Air Act” at its assembly plant in Fremont, California. The environmental group claims that Tesla has violated the law “hundreds of times since January 2021,”
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The recent departure of OpenAI co-founder Ilya Sutskever has once again brought to light the leadership crisis that the company went through involving co-founder and CEO Sam Altman. The situation escalated when the board raised concerns about Altman’s communication with them, leading to a series of events that ultimately resulted in the ousting of key
Sony announced a 7% decrease in annual profits for the fiscal year 2023, primarily impacted by a decline in its financial services division. The company fell short of its projected unit sales for the PlayStation 5 gaming console for the full year, contributing to the overall drop in profits. Despite this, Sony exceeded revenue expectations
OpenAI made a significant announcement on Monday with the launch of a new AI model, GPT-4o, and the desktop version of ChatGPT. This update brings the powerful GPT-4 model to a wider audience, including free users of the platform. The advancements in the new model enhance its capabilities in handling text, video, and audio, making
SoftBank recently announced a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund, marking the first time the flagship tech investment arm has been in the black since 2021. This success can be attributed to the profit of 128.2 billion yen that the Vision Fund segment posted for the full fiscal year, swinging
A recent legal battle between Elon Musk’s X and Israel’s Bright Data has shed light on the controversial practice of data scraping. The lawsuit, which involved the scraping of public online data, raised questions about the appropriate uses of such information. X, formerly known as Twitter, sued Bright Data, accusing the company of scraping data
Protesters, angry about Tesla’s plans to expand its Berlin-Brandenburg Gigafactory in Germany, made an attempt to break into the plant on Friday, as reported by local police. The situation was described as dynamic, with multiple roadblocks in the area due to demonstrations. Authorities had to intervene as protesters tried to breach the Tesla premises, leading
In today’s digital age, cybersecurity has become a critical issue for companies around the world. With the rise of cyberattacks targeting businesses, governments, and individuals, it is essential for tech companies to take proactive measures to protect their systems and data. Recently, Microsoft, the world’s most valuable public company, faced scrutiny over exploits of its
Semiconductor Manufacturing International Corporation (SMIC) recently issued a warning regarding the intense competition in the chip industry after its first-quarter profit fell short of expectations. The company acknowledged that competition within the industry has been growing fiercer, with pricing for commodity products closely following market trends. Despite these challenges, SMIC remains committed to advancing its
Politan Capital has made it clear that they are not satisfied with Masimo’s current board composition. In response to Masimo’s offer to add one of Politan’s nominees to the board, the activist group demanded not only the addition of William Jellison but also the inclusion of Darlene Solomon. This move is aimed at ensuring that