Electric vehicle maker Nuro said Tuesday it had secured $600 million in funding from Google, Kroger and others to continue the development of its autonomous delivery vehicle service. The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a part of a 2018 partnership. “Demand for local deliveries is exploding,” […]
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Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants, may have tipped the scales […]
Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas have captured official attention in the U.S., Europe, U.K. and Australia as controversy has enveloped Facebook — which on […]
British lawmakers grilled Facebook on Thursday over how it handles online safety as European countries move to rein in the power of social media companies. Facebook’s head of safety said the tech giant supports regulation and has no business interest in providing people with an “unsafe experience.” Representatives from Google, Twitter and TikTok also answered […]
Growth in Microsoft’s cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share. Microsoft profits have soared throughout the pandemic thanks […]
Following Facebook’s financial results released on Monday, the social networking giant is anticipating a damaging effect rising from Apple’s iPhone privacy alterations led by Snap Inc’s missed revenue targets. In April, the iOS developer incorporated additional privacy updates to prohibit advertisers from monitoring iPhone users without their permission. Apple’s move fueled fear in digital ad […]
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple Pay, Google Pay and other payment systems created by big tech companies now dominate large portions of e-commerce and person-to-person payments. CFPB Director […]
Nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection, former President Donald Trump said Wednesday he’s launching a new media company with its own social media platform. Trump says his goal in launching the Trump Media & Technology Group and its “Truth Social” app is to […]
Members of the U.S. House Judiciary Committee confronted Sunday Amazon’s lead executives in a letter accusing them of misleading the Congress and potentially lying about the e-commerce giant’s business habits. The letter, signed by five Committee members, is taking into consideration “whether a referral of this matter to the Department of Justice for criminal investigation […]
Spotify’s rising success drives it to explore new horizons with generating ads on podcast for higher revenues, as Britain’s watchdogs direct their attention towards Europe’s streaming platforms, Reuters reports. “We are increasing our ads business marketing workforce by over 70 percent in Europe, Australia, and Canada … and that’s off a pretty sizable base,” Spotify’s head of […]