In a significant escalation of its ongoing efforts to regulate the dominance of major tech companies, the European Union has identified Microsoft as potentially violating antitrust laws. The focus of the EU’s concern is Microsoft’s practice of bundling its Teams application with…
Ford Motor is ending its controversial electric vehicle (EV) dealership program, which initially required store owners to invest over $1 million to sell EVs. This decision marks a significant shift in Ford’s strategy as it navigates the evolving EV market. The Rise…
In an industry where comebacks are rare, Huawei’s resurgence has not only been unexpected but also historic. The Chinese tech giant, once beleaguered by international trade disputes, has impressively clawed its way back to prominence, reshaping the competitive landscape of the technology…
Stellantis, the trans-Atlantic automaker, has set an ambitious target of increasing global sales of its Jeep vehicles by 50% over the next three years. Stellantis plans to enhance its profitability and market reach by leveraging the iconic American SUV brand. Expanding Production…
In a significant development that could reshape public perceptions of safety on its platform, Airbnb faces serious allegations from a former contractor. The whistleblower claims that the company has dialed back its efforts to remove extremists from its service, potentially compromising the…
A New Era for Abercrombie & Fitch Abercrombie & Fitch has transformed from a dying mall brand into a Wall Street darling. This turnaround came after years of revamping its product assortment, overhauling its supply chain, and rebranding as an inclusive retailer.…
McDonald’s, one of the world’s largest fast-food chains, has decided to discontinue its artificial intelligence (AI) ordering technology currently in use at over 100 drive-thru systems across the United States. This decision marks a significant pause in the company’s ambitious plans to…
Adobe Inc. (ADBE 1.40%) saw a significant surge in its stock price, jumping 14.5% following robust second-quarter results and an optimistic outlook for the rest of 2024. Despite this recent upswing, the tech giant remains down 12% for the year, reflecting its…
A humanoid robotics startup, Foundation Robotics Labs, cofounded by the CEO of the now-bankrupt fintech firm Synapse, is under scrutiny for making exaggerated claims about its ties to General Motors (GM) while raising funds. Foundation Robotics Labs’ Bold Claims Foundation Robotics Labs,…
In a strategic move aimed at bolstering its artificial intelligence offerings, Apple has announced a partnership with OpenAI to integrate ChatGPT technology into its devices starting later this year. The collaboration, unveiled at Apple’s recent developer conference, signals a significant step for…