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Monthly Archives: May 2023
Terraform co-founder Do Kwon pleads not guilty to fake travel documents charges
Terraform Labs co-founder Do Kwon pleaded not guilty in a Montenegrin court on Thursday to a charge of forging his passport and travel documents. Kwon’s hearing comes a month after Kwon and Chang-joon Han, Kwon’s former colleague, who also pleaded not … Continue reading
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Bird’s weak stock market performance impacts the entire e-scooter industry
Bird’s first-quarter earnings show a company struggling to maintain ridership and revenue — two legs of the profitability stool for the shared micromobility market. Bird did manage to cut costs — that would be the third leg — but it … Continue reading
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Intuitive Machines prepares for first lunar mission, faces challenge to NASA contract win
Intuitive Machines is preparing for its first lunar mission to the moon’s south pole in the third quarter of this year, while also facing a protest to a major NASA contract win, executives told investors Thursday. The company has made … Continue reading
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Polestar and Volvo are the latest automakers caught in software purgatory
Software, it turns out, is hard for automakers. And building a so-called software-defined car — the term du jour in automotive circles — is even harder. Software development problems have led to executive shakeups at VW Group, bricked vehicles, recalls … Continue reading
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Tech’s new business model: ‘Do more with less’
Technology companies are focused on continuing to drive down costs while reminding Wall Street that they’re still investing in AI and cloud infrastructure.
Meta announces generative AI features for advertisers
Meta today announced an AI Sandbox for advertisers to help them create alternative copies, background generation through text prompts and image cropping for Facebook or Instagram ads. The first feature lets brands generate different variations of the same copy for … Continue reading
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Elon Musk says he’s stepping down as Twitter CEO, will oversee product
Tesla shares rose 2% on the news, as some Tesla investors had worried Musk was growing too distracted with his management of the social media company.
Google’s new A.I. search could squeeze traffic to web sites, publishers worry
AI-generated search results could give users the answers they want without requiring them to click through to the web sites where the answers came from.
Bitcoin falls below $27,000 as U.S. regulatory crackdown pressures crypto’s biggest market makers
Crypto prices slid on Thursday as investors weighed Jane Street and Jump Crypto’s pull back from U.S. trading.
Elon Musk says he has appointed new Twitter boss
The billionaire has been under pressure to name someone else to lead the company and focus on his other firms.