Microsoft recently settled a case in California for a sum of $14.4 million over allegations of retalitation against employees for taking legally protected time off. The settlement aims to provide compensation to California workers who took parental leave, family care-taking leave, or disability leave from 2017 onwards, and choose to participate in the settlement. The
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The Chinese electric vehicle manufacturer BYD is poised to surpass Tesla in battery electric vehicle sales this year, according to a recent report by Counterpoint Research. This shift highlights the ever-changing dynamics of the global EV market, with BYD’s market share expected to experience a significant surge. In the second quarter, BYD’s battery EV sales
Tesla’s shares saw an uptick following the release of its second-quarter vehicle production and delivery numbers, surpassing the expectations of analysts. The company delivered a total of 443,956 vehicles and produced 410,831 vehicles during the second quarter of 2024. Despite a 4.8% decrease in deliveries compared to the previous year’s second quarter, Tesla’s stock surged
Salesforce recently faced backlash from investors regarding their compensation plan for top executives, particularly CEO Marc Benioff. In a surprising turn of events, shareholders voted against the resolution to approve the compensation, with 404.8 million votes against and only 339.3 million in favor, as per a regulatory filing on Monday following the annual meeting. The
EU regulators have accused Meta, the parent company of Facebook, of failing to comply with the European Union’s landmark antitrust rules regarding its ad-supported social networking service. The Commission highlighted the ad-supported subscription option as a “pay or consent” model, which forces users to either pay for an ad-free experience or consent to their data
The latest report by KPMG highlights the changing consumer behavior among Generation Z in the Asia-Pacific region. Unlike previous generations who preferred physical shopping experiences, Gen Z now turns to online platforms for fashion inspiration. They are heavily influenced by idols and influencers, particularly on social media platforms like TikTok. According to the survey conducted
Mt. Gox, once the largest spot bitcoin exchange globally, faced bankruptcy a decade ago due to a major hack. The exchange lost up to 950,000 bitcoins in the 2011 cyberattack when the cryptocurrency’s value was significantly lower than it is today. However, approximately 140,000 bitcoins have been recovered, resulting in a projected $9 billion worth
Amazon’s cloud infrastructure arm, AWS, is ramping up its efforts to attract startups by doubling the value of credits offered to them. Starting July 1, startups that have recently secured Series A funding will be eligible for $200,000 in credits, up from the previous $100,000. This move comes as Amazon faces stiff competition from Microsoft
In a recent exclusive interview, CEO of Chinese smartphone company Honor, George Zhao, emphasized the crucial need for user data protection in the realm of artificial intelligence. Zhao pointed out that while AI has the potential to transform various aspects of technology, it is essentially worthless without proper safeguards in place to protect user data.
The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft for alleged copyright infringement has sparked a debate in the tech and news industries. This legal battle sheds light on the growing concerns regarding the use of AI-generated content and the protection of intellectual property rights in the digital age.