Musk tweets draw criminal probe

The Justice Department has launched a criminal probe of Tesla following tweets by CEO Elon Musk about taking the electric carmaker private, Bloomberg reports. Citing anonymous sources, the news service said that the federal fraud probe would be concurrent with the civil inquiry already opened by securities regulators into the statements Musk made last month. In a statement, Tesla says it has not received a subpoena or any other formal process from the Justice Department, but it has cooperated with a voluntary request for documents from the agency. The New York Times later reported that investment firms Goldman Sachs and Silver Lake received subpoenas requesting documents on Tesla.
09.19.2018 19:22

Tesla rival receives huge investment

Tesla’s biggest rival, Lucid Motors, will receive a $1 billion investment from Saudi Arabia. The American car company is planning to start selling by 2020 a “new high-performance electric car,” the Lucid Air. Saudi Arabia has also invested in Tesla, taking close to a 5% stake of the company, according to Tesla CEO Elon Musk. The Lucid Air will be a direct competitor for Tesla’s Model S. Lucid’s CTO, Peter Rawlinson, was formerly Tesla’s chief vehicle engineer.
09.19.2018 19:19

Amazon plans to release at least 8 new Alexa-powered devices, including a microwave, an amplifier, and an in-car gadget

Amazon plans to release at least 8 new Alexa-powered devices before the end of the year. The new devices include a microwave oven, amplifier, receiver, subwoofer, and an in-car gadget. It reflects Amazon's ambition to make its Alexa voice assistant ubiquitous, especially in areas where people spend most of their time, like the home and car.


09.19.2018 17:39

UK media giants call for independent oversight of Facebook, YouTube, Twitter

The UK’s leading broadcasters and ISPs have called for the government to introduce independent regulatory oversight of social media content.
09.03.2018 22:43

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Venture and growth investors are doing a lot to speed up the rise of these worker-bots. So far this year, they’ve poured hundreds of millions into developers of robotic process automation technology, the term to describe software used for performing a series of tasks previously carried out by humans.

What if blockchain turned out to be just what emerging economies were after?



While Clinton certainly did not appear to be a Shingy-esque blockchain evangelist onstage, he delivered a targeted amount of enthusiasm about new technologies like blockchain and artificial intelligence in enhancing accessibility and shaping the country’s economic future.

It might be the only way we can break Facebook’s hold on our lives, it could cement Apple’s reputation as a privacy-minded service provider, and more importantly, it wouldn’t be that hard to get people to use it.
Instagram’s co-founders announced that Adam Mosseri, the platform’s vice president of product, is now in charge. Mosseri will oversee all functions of the business and recruit a new executive team, Kevin Systrom and Mike Krieger said in a statement. The co-founders announced their departure last week — more than six years after Facebook purchased the company for $1 billion. “We remain excited for the future of Instagram in the coming years as we transition from being leaders at Instagram to being just two users in a billion,” said Systrom and Krieger.
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