Author Archives: Techme101

Monzo board reportedly pushed out CEO Anil over IPO timing

A key issue, reportedly, was IPO timing.

Posted in Tech | Tagged | Comments Off on Monzo board reportedly pushed out CEO Anil over IPO timing

Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut

Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public offering.

Posted in Tech | Tagged | Comments Off on Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut

Tesla engaged in deceptive marketing for Autopilot and Full Self-Driving, judge rules

The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.

Posted in Tech | Tagged | Comments Off on Tesla engaged in deceptive marketing for Autopilot and Full Self-Driving, judge rules

Alphabet-owned Waymo in talks to raise $15 billion in funding

The funding round would give Waymo a valuation as high as $110 billion, a person familiar with the matter told CNBC.

Posted in Tech | Tagged | Comments Off on Alphabet-owned Waymo in talks to raise $15 billion in funding

California judge rules that Tesla engaged in deceptive marketing around Autopilot

An administrative law judge in California ruled Tesla’s license to sell or manufacture cars in the state should be suspended for 30 days.

Posted in Tech | Tagged | Comments Off on California judge rules that Tesla engaged in deceptive marketing around Autopilot

Hyperscaler AI spending could slow down if Oracle shows ‘discipline’

CNBC’s Jim Cramer on Tuesday opined on massive AI spending that has hurt tech stocks.

Posted in Tech | Tagged | Comments Off on Hyperscaler AI spending could slow down if Oracle shows ‘discipline’

How Luminar’s doomed Volvo deal helped drag the company into bankruptcy

Luminar says trouble with Volvo started as early as 2022, and that the Swedish automaker made — but then backed away from — large orders of its lidar sensors.

Posted in Tech | Tagged | Comments Off on How Luminar’s doomed Volvo deal helped drag the company into bankruptcy

Former intelligence chief and son convicted for illegal gambling and state secrets charges in Albania

A court in Berat, Albania, has convicted a former senior intelligence official and his son on charges including illegal gambling, unlawful possession of ammunition, and the holding of state secrets. The case was brought by the Prosecutor’s Office at the … Continue reading

Posted in Tech | Tagged | Comments Off on Former intelligence chief and son convicted for illegal gambling and state secrets charges in Albania

JOI Gaming fined massive €400,000 by Ksa for ‘violating role model ban’

The gaming regulator in the Netherlands, Kansspelautoriteit (Ksa), has slapped JOI Gaming Limited with a massive €400,000 fine as they accuse the brand of using role models in advertising JACK’s Racing Day. The gaming company offers casino games and a … Continue reading

Posted in Tech | Tagged | Comments Off on JOI Gaming fined massive €400,000 by Ksa for ‘violating role model ban’

Utah property manager defrauded over $2 million to support gambling habits

A property manager in Utah has been sentenced to 25 months’ imprisonment for defrauding over $2 million to support his gambling habits. Blake Floyd Cozzens, 36, was jailed for wire fraud and bank fraud for embezzling money from homeowners’ associations, … Continue reading

Posted in Tech | Tagged | Comments Off on Utah property manager defrauded over $2 million to support gambling habits