Norway has emerged as a global leader in electric vehicle (EV) adoption, with an impressive 82% of new cars sold in the country in 2023 being electric. This remarkable achievement can be attributed to the generous subsidies provided to EV owners and the substantial investment in charging infrastructure. The Norwegian Road Federation’s data showcases the
Enterprise
An Indiana jury recently delivered a verdict in a legal case involving electric vehicle manufacturer Tesla and one of its employees. The case stems from a 2017 crash between a Tesla-owned Ford truck and a motorcycle, resulting in severe injuries to the motorcyclist, Christopher Dugan. The jury determined that both Tesla and its employee, Kyle
Reddit recently disclosed that it had received a letter from the Federal Trade Commission (FTC) regarding its data-licensing business operations, particularly related to the training of artificial intelligence (AI) systems. The FTC’s staff is conducting a non-public inquiry focused on Reddit’s sale, licensing, or sharing of user-generated content with third parties for the purpose of
Recently, Tesla settled a racist discrimination lawsuit by paying $3.2 million in damages to Owen Diaz, a Black employee who worked as an elevator operator at its Fremont, California factory in 2015. The lawsuit was settled amicably with confidentiality terms between the parties. The lawsuit highlighted the ongoing issue of racial discrimination and harassment faced
In a recent interview with CNBC, Palantir CEO Alex Karp didn’t hold back when discussing his feelings towards short sellers. He expressed a level of satisfaction in seeing short sellers suffer when their bets against his company fail. Karp’s blunt comments shed light on the contentious relationship between companies and investors who try to profit
Michael Saylor has been causing quite a stir in the financial world with his recent bitcoin investments. Every time he mentions the word “bitcoin,” MicroStrategy shares experience a surge. The latest announcement on social media revealed that the company had acquired an additional 12,000 bitcoins for nearly $822 million, using funds from convertible notes and
OpenAI has challenged a foundational claim Tesla CEO Elon Musk made in the lawsuit he filed against the startup earlier this month. As it seeks to commercialize its ChatGPT chatbot and underlying artificial intelligence models, OpenAI faces a slew of legal battles, including the one from Musk and cases over copyright infringement from the New
The United States is ramping up efforts to impose more restrictions on Chinese companies in an attempt to curb competition and safeguard national security interests. According to Steven Okun, founder and CEO of consultancy APAC Advisors, the decoupling between the U.S. and China is in full force. Lawmakers recently advanced a bill that would require
Former U.S. President Donald Trump has raised concerns about the potential ban of the Chinese-owned social media app TikTok in the United States. He believes that such a ban would ultimately benefit Meta’s Facebook platform, making it even larger and more powerful. Trump has expressed his views on national security and data privacy issues associated
Walmart, traditionally seen as a retail giant, is now positioning itself as a significant player in the technology space. By leveraging generative AI in its search capabilities, Walmart aims to revolutionize the shopping experience for its customers. This shift towards a solution-oriented search approach is a strategic move to differentiate itself from competitors and offer
