China’s e-commerce giant Pinduoduo quietly launches U.S. shopping site in Amazon challenge
Pinduoduo launched its U.S. online shopping site on Thursday as the Chinese e-commerce giant makes its first major push overseas....
Technology
China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
U.S. restrictions on Nvidia chip sales to China won't affect Chinese electric car companies because they're using auto systems that...
Amazon loses effort to overturn historic union election at Staten Island warehouse
A National Labor Relations Board official on Thursday recommended Amazon's objections to a historic union election in New York be...
Why Arm’s lawsuit against Qualcomm is a big deal
Arm is suing Qualcomm, raising questions about the future of the partnership between the two firms. The lawsuit highlights the...
Matt Damon-endorsed crypto platform sues Australian woman after accidentally sending her $7.1 million instead of $68
Crypto.com accidentally sent AU$10.5 million dollars (about $7.1 million at today's exchange rate) to a woman in Australia, instead of...
Cybersecurity is outperforming the market because it’s ‘not a discretionary line item’
Demand for cybersecurity products and services is holding up, even as economic concerns are eating into other parts of the...
Shopify warns merchants against using Amazon’s ‘Buy With Prime’ service
Shopify is warning merchants that Amazon's one-click checkout service violates its terms of service, according to Marketplace Pulse. Amazon in...
Nvidia says U.S. government allows AI chip development in China
Nvidia said on Thursday that the U.S. Government told the company it can continue to develop its H100 artificial intelligence...
Amazon took all U.S. solar rooftops offline last year after flurry of fires, electrical explosions
Between April 2020 and June 2021, solar panels atop Amazon fulfillment centers caught fire or experienced electrical explosions at least...
For industrial cobots, the hype got ahead of the technology, but the future is coming fast
Robotics pioneer Rodney Brooks founded iRobot, which led the boom in consumer robot vacuums and was just sold to Amazon...
Miner Piedmont unveils plans for new lithium refining plant in push for domestic EV supply chains
Piedmont Lithium announced Thursday that it plans to build a new lithium refining plant in Tennessee. Once fully operational the...
Twitter will finally let you edit tweets — if you pay
Twitter is testing a new feature that will allow users to fix text and add tags to a tweet within...
Chinese EV stocks fall after Li Auto and Xpeng report plunge in August deliveries; Nio ekes out growth
Nio reported a 6% rise in electric vehicle deliveries in August versus July, while rivals Xpeng and Li Auto saw...
India’s 5G battle to be a ‘two-horse race,’ says ex-CEO of telco Bharti Airtel
Indian telecom Reliance announced on Monday its $25 billion plan to launch 5G network across the country within two months....
Nvidia stock falls after U.S. government restricts chip sales to China
Nvidia said on Wednesday that it's been told by the U.S. government to stop selling chips in China and Russia....
MicroStrategy chairman Michael Saylor accused of evading $25 million in taxes by DC attorney general
D.C. Attorney General Karl Racine accused tech billionaire Michael Saylor of evading $25 million in District taxes in a new...
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
Klarna reported a pre-tax loss of nearly 6.2 billion Swedish krona in the first half of 2022, up from 1.8...
Snap says major business restructuring is coming and confirms it’s cutting 20% of staff
Snap will lay off 20% of its staff of more than 6,000 employees and scrap several projects, including its Pixy...
Top SoftBank exec and key Son ally steps back from more roles after losses mount at the Japanese giant
Rajeev Misra, a top executive at SoftBank and a key ally of CEO Masayoshi Son, stepped down from his roles...
Neutral Foods gets money from Gates, Cuban, and LeBron James to help dairy farmers cut greenhouse gas emissions
Bill Gates' investment fund, Breakthrough Energy Ventures, announced on Wednesday it is leading a $12 million round of investment in...