Techlife News - June 29, 2024

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Shares of Rivian soared 40% after Volkswagen vowed to invest $1 billion in the struggling electric vehicle maker immediately, and a potential total of up to $5 billion as part of a software development agreement.

AMAZON JOINS EXCLUSIVE CLUB, CROSSING $2 TRILLION IN STOCK MARKET VALUE FOR THE FIRST TIME

Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold.

1 min

ONE TECH TIP: WHAT TO DO WHEN YOU HAVE TOO MANY PASSWORDS TO REMEMBER

Everyone has too many passwords.

4 mins

FREE SPEECH AND DIGITAL RIGHTS GROUPS ARGUE TIKTOK LAW WOULD INFRINGE ON THE FIRST AMENDMENT

A group of nonprofits argued in a legal filing that the federal law requiring TikTok’s parent company to sell the platform, or face a ban, is an unconstitutional measure that restricts speech and makes it impossible for users to associate on the app.

2 mins

PROSPECT OF LOW-PRICED CHINESE EVS REACHING US FROM MEXICO POSES THREAT TO AUTOMAKERS

It’s a scenario that terrifies America’s auto industry.

6 mins

RIVIAN SHARES SOAR ON MASSIVE CASH INJECTION FROM VOLKSWAGEN, STARTING IMMEDIATELY WITH $1 BILLION

Shares of Rivian soared 40% before markets opened Wednesday after Volkswagen vowed to invest $1 billion in the struggling electric vehicle maker immediately, and a potential total of up to $5 billion as part of a software development agreement.

2 mins

CAR DEALERSHIPS ARE BEING DISRUPTED BY A MULTI-WEEK OUTAGE AFTER CYBERATTACKS ON SOFTWARE SUPPLIER

Car dealerships across North America have faced major disruptions.

2 mins

macOS Sequoia PRODUCTIVITY & INTELLIGENCE COMBINED AT THE FORE

With macOS Sequoia, Apple is redefining the landscape of desktop computing, introducing many features designed to enhance user productivity and new levels of artificial intelligence integration.

4 mins

ROBINHOOD CEO DISCUSSES THE BROKERAGE'S EVOLUTION LEADING UP TO ANOTHER RIDE ON THE MEME STOCK WAVE

Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets.

3 mins

APPLE BECOMES FIRST TARGET OF EU'S NEW DIGITAL COMPETITION RULES AIMED AT BIG TECH

European Union regulators this week leveled their first charges under the bloc’s new digital competition rulebook, accusing Apple of preventing app makers from pointing users to cheaper options outside its App Store.

3 mins

HOW NVIDIA BECAME AN AI GIANT

It all started at a Denny’s in San Jose in 1993.

3 mins

FACIAL RECOGNITION STARTUP CLEARVIEW AI SETTLES PRIVACY SUIT

Facial recognition startup Clearview AI reached a settlement in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth more than $50 million.

2 mins

UN LAUNCHES GLOBAL PRINCIPLES TO COMBAT ONLINE HATE AND DEMANDS BIG TECH TAKE ACTION NOW

The United Nations chief this week launched global principles to combat online hate and lies and demanded that big tech companies use their power to reduce the harm they are doing to people and societies around the world.

2 mins

WHERE TECH, POLITICS & GIVING MEET: CEO NICOLE TAYLOR CONSIDERS SILICON VALLEY'S BUSY INTERSECTION

Nicole Taylor has an insider’s view of philanthropic trends from her seat as the president and CEO of the Silicon Valley Community Foundation.

4 mins

SOUTHWEST AIRLINES SAYS A KEY MEASURE OF PRICING POWER WILL BE WEAKER THAN EXPECTED IN 20

Southwest Airlines, already under pressure from a hedge fund for disappointing financial results, said Wednesday that a key revenue ratio will be weaker than expected because of changes in how consumers book travel.

1 min

GM BRINGS IN NEW CEO TO STEER TROUBLED CRUISE ROBOTAXI SERVICE WHILE WAYMO RAMPS UP IN SAN FRANCISCO

General Motors this week named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California license.

2 mins

STILL NEED YOUR LANDLINE? CALIFORNIA REGULATORS JUST STOPPED AT&T FROM PULLING THE PLUG

California’s Public Utilities Commission rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

2 mins

PEACE (AND PIECES) OF MIND 'INSIDE OUT 2'

Sequels have been a touchy subject when it comes to Pixar, but it’s hard to deny the natural premise of “Inside Out 2.”

4 mins

THE SUPREME COURT RULES FOR BIDEN ADMINISTRATION IN A SOCIAL MEDIA DISPUTE WITH CONSERVATIVE STATES

The Supreme Court this week sided with the Biden administration in a dispute with Republican-led states over how far the federal government can go to combat controversial social media posts on topics including COVID-19 and election security.

2 mins

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