Tesla, the well-known electric vehicle maker, recently settled a racist discrimination lawsuit in which a federal jury awarded $3.2 million in damages to Owen Diaz, a Black man who worked as an elevator operator at its Fremont, California factory in 2015. The terms of the settlement are confidential, but the attorney representing Diaz, Lawrence Organ,
Enterprise
A recent case involving electric vehicle maker Tesla and one of its employees has resulted in a troubling verdict. An Indiana jury found Tesla and the employee, Kyle Kaszuba, partially liable in a 2017 crash that involved a company-owned Ford truck and a motorcycle. The victim, Christopher Dugan, suffered a partial amputation, permanent disfigurement, and
Short sellers have always been a controversial topic in the stock market. These investors bet on the decline of a company’s stock price, often causing turbulence for the company and its shareholders. Palantir CEO Alex Karp recently shared his thoughts on short sellers in an interview with CNBC, expressing his disdain for their practices. In
Michael Saylor’s recent announcement of MicroStrategy purchasing an additional 12,000 bitcoins for $822 million has caused a surge in MicroStrategy’s stock value. Saylor’s continuous endorsement of Bitcoin has a direct impact on the company’s performance in the market. His statements regarding Bitcoin’s potential and the company’s strategic investments have been driving up MicroStrategy’s stock value.
The United States is intensifying its efforts to counter competition from China, with plans to impose further restrictions in various sectors. According to Steven Okun, founder and CEO of consultancy APAC Advisors, the process of “decoupling” from China is gaining momentum. The key question at this juncture is the extent and breadth of these upcoming
OpenAI, the AI research lab, has found itself embroiled in a legal battle with Tesla CEO Elon Musk over the commercialization of its ChatGPT chatbot and AI models. In addition to Musk’s lawsuit, OpenAI is also facing cases of copyright infringement from the New York Times and other authors, making it a challenging time for
Former U.S. President Donald Trump has raised concerns about the potential ban of the Chinese-owned social media app TikTok in the United States. He believes that banning TikTok would only serve to increase the power of Meta’s Facebook platform. In an interview on CNBC’s “Squawk Box,” Trump expressed his opinion that Facebook is “an enemy
Walmart is making bold moves in the realm of online shopping by leveraging generative AI to revolutionize the search experience for its customers. No longer just a retail giant, Walmart is positioning itself as a tech innovator in the industry. By providing a seamless, solution-oriented search experience through its app, Walmart aims to become a
In a significant development, a group of approximately 600 software testers at Activision recently established the largest union in the U.S. video game industry. This momentous occasion marks a turning point for labor relations within the industry, setting a new precedent for worker empowerment and collective bargaining. The union, known as Activision Quality Assurance United-CWA,
The Sony PlayStation has undoubtedly made a significant impact on the video game industry since its inception three decades ago. Jim Ryan, the president and CEO of Sony Interactive Entertainment, played a pivotal role in shaping the success of the PlayStation. His leadership began in 1994, coinciding with the release of the PlayStation in Japan,