Xiaomi Corporation, commonly known as Xiaomi, is the second-largest manufacturer of smartphones in the world. The company specializes in consumer electronics, home appliances, automobiles, and household hardware. It was founded in 2010 and has its headquarters in Haidian District, Beijing, China. According to recent reports, Xiaomi has revealed its first electric vehicle, the SU7 sedan….
Israel: $25 billion Intel Chip Factory
Intel, the multinational technology company that specializes in semiconductor and chip manufacturing, has entered into an agreement with the government of Israel, to build a $25 billion USD chip production factory in the country. Intel has reportedly invested over $50 billion USD in Israel over the last 50 years, with this new deal set to…
New York Times Sues ChatGPT
The New York Times Company is a mass media company that was founded in 1851 with its headquarters in New York, USA. It publishes the New York Times (NYT) daily newspaper, and as of 2023 boasts of a global reported digital readership count of over 9 million subscribers and over 600,000 print subscribers. According to…
Tesla Recalls 120,423 Vehicles
Tesla has issued a recall of 120,423 vehicles due to safety concerns regarding the doors unlocking during a crash. According to the notice from the National Highway Traffic Safety Administration (NHTSA), certain models experience defects in the doors unlocking during a crash and increase the risk of injury. The affected models include: TESLA MODEL S…
Italy: $6.4 Million Meta Fine
Meta, the parent company of Facebook, Instagram, Threads, and WhatsApp, has been fined a sum of $6.4 million USD (5.85 million EUROS) for violating Italy’s ban on gambling advertising. The Italian government placed a ban on gambling advertising in 2018, a sanction that applies to all forms of media and social networks. Italy’s communications division,…
Australia: $15 Million Airbnb Fine
Airbnb has agreed to pay a $15 million Australian Dollar fine to customers. This is as a result of misleading information on the short term rental company’s website. The price of some listings appeared in USD rather than Australian Dollars, which led to customers being overcharged for their accommodation. The overcharge affected 70,000 bookings and…
Drive Pilot by Mercedes Benz
Mercedes Benz has announced its self driving feature, Drive Pilot. This new automated driving system allows the driver remove their hands from the steering wheel while cruising under certain conditions like clearly marked lanes on approved freeways, moderate traffic moving under 40 mph, clear weather, visible driver (camera above driver’s dashboard), and no construction zone….
Google: $700 Million Play Store Settlement
Google will supposedly pay $70 million USD to several states in the United States of America that participated in the lawsuit, with eligible customers set to receive $2 USD or more, up to the total amount of $630 million USD. Over 100 million US customers were affected and the payout will be dependent on the…
Tesla Welcomes Volkswagen To EV Superchargers
Volkswagen is a motor vehicle manufacturer with its headquarters in Wolfsburg, Germany. Founded in 1937, the German company is known for the popular Volkswagen Beetle, which serves as the flagship brand of the Volkswagen group. The company’s growing fleet of EVs has led to its partnership with Tesla. According to reports, Volkswagen has announced that…
Adobe: Figma $1 Billion Termination Fee
Adobe Inc, previously referred to as Adobe Systems Inc, is a multinational software company headquartered in California, USA. It specializes in software for creating graphics, photography, illustration and animation, etc. The company’s popular tools include Adobe Photoshop, Adobe Illustrator, and Adobe Acrobat Reader. Adobe was founded in 1982 and was reportedly considered one of the…