Senate study finds Amazon did not implement protections recommended by internal studies over risk they could affect worker productivity
TECHNOLOGY POWERING BUSINESS
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US Lawmaker Calls For Drone Detection Tech After Runway Closure
US senate majority leader calls for federal deployment of drone detection technology after drone sightings shut down New York runways
TikTok Shop US Sales Surpass Shein, Sephora
After launching in September 2023, TikTok Shop rises to broad popularity with US sales surpassing Shein, Sephora as it faces ban
Ofcom Gives Tech Firms Three Months To Implement Content Controls
Ofcom publishes codes of practice for tech platforms to comply with Online Safety Act, with measures coming into effect on 17 March
OpenAI’s Altman Donates $1m To Trump Inauguration
OpenAI chief executive Sam Altman to done $1m to Trump's second inauguration as tech firms seek better relations with incoming administration
EU Probes Nvidia AI Chip Business Practices
European Commission reportedly questions Nvidia competitors, customers over business practices in AI chip market over antitrust concerns
EU Probes TikTok Influence On Romania Elections
European Commission queries TikTok for information on alleged Russian campaign to influence Romanian presidential election
US Exempted China DRAM Makers From Controls ‘Under Pressure From Japan’
US exempted Chinese DRAM memory chip manufacturers from latest round of export controls under pressure from Japan, report says
TikTok Loses Bid To Overturn US Divestiture Law
US appeals court rejects bid by TikTok and parent ByteDance to overturn law forcing it to divest Chinese ownership or face January ban
Closing Arguments Delivered In Google Ad Tech Monopoly Case
Google, Justice Department make closing arguments in case targeting company's ad tech business, on heels of search monopoly ruling
Investors Shocked As Temu Parent Misses Estimates
Temu and Pinduoduo parent company PDD Holdings misses analysts' estimates as economic slowdown in China takes toll on domestic sales
Trump Plans Push For Federal Self-Driving Rules
Tesla shares jump after report says president-elect Donald Trump planning to make federal self-driving rules a government priority
SpaceX Prepares Tender Offer At $250bn Valuation
SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation
China Chip Production Slows Ahead Of New US Sanctions
Chip production slows in China in October ahead of expected export controls, while annual EV production capacity surges past 10 million units
Which? Seeks £3bn In Apple iCloud Competition Claim
Apple effectively locked 40 million UK users into iCloud and overcharged them, claims £3bn legal action from consumer group Which?
Amazon Haul Offers ‘Crazy Low Prices’ To Counter Temu, Shein
Amazon launches Haul mobile experience with prices capped at $20 in face of low-cost competition from China-based rivals Temu, Shein
Australian States Support Social Media Ban For Under-16s
Australian states and territories unanimously support social media ban for youths under 16, amidst growing addiction concern
Bitcoin Rises Above $84,000 On US Election Optimism
Bitcoin price rises above $84,000 as investors bet incoming US government will implement crypto-friendly policies
Regulator Demands Answers Over Tesla FSD Social Media Posts
US regulator says Tesla's messaging on social media could lead drivers to believe 'Full Self-Driving' feature does not require oversight
Nvidia Market Value Surges Above $3.6tn
Investor optimism following Donald Trump re-election win pushes Nvidia to record high, adds 30 percent to Tesla stock price
OpenAI In Talks With California Over For-Profit Shift
OpenAI reportedly begins early talks with California attorney general over complex transition from nonprofit to for-profit structure
EU To Assess Apple’s iPad Compliance Plans
European Commission says it will review Apple's iPad compliance with DMA rules as it seeks to open up tech giant's mobile ecosystem
Nvidia, Meta Ask Supreme Court To Axe Investor Lawsuits
Nvidia, Meta bring cases before US Supreme Court this month seeking tighter limits on investors' ability to sue over inadequate disclosure
EU Electric Vehicle Duties Come Into Force After China Talks Fail
European Union's electric vehicle (EV) tariffs come into force this week as bloc accuses China of unfair state subsidies for green industries
White House Finalises China Tech Investment Curbs
Administration publishes final restrictions on US investment into Chinese tech sectors including AI, chips, quantum computing
Shein Profits Drop 70 Percent
Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it plans IPO
US Regulator Approves SpaceX Falcon 9 Return To Service
US Federal Aviation Administration approves SpaceX's Falcon 9 rockets to return to service following second-stage malfuction last month
US Think Tank Probes NASA Staff Over Trump, Musk Criticism
Conservative think tank requests NASA employee communications discussing Donald Trump, Elon Musk as it compiles 'undesirables list'
Musk Remains Silent Over SEC Interview
Elon Musk, SEC decline to comment on whether businessman attended latest court-mandated interview as Musk alleges 'harassment'
US Grounds SpaceX Falcon After Second-Stage Issue
US FAA grounds SpaceX Falcon rockets for third time in three months after Dragon Crew second stage fails to properly execute deorbit burn