Category: Technology

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Jul 19 2023

Tesla directors to return $735M to settle suit over excess compensation

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Current and former directors of electric-vehicle maker Tesla have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they unjustly enriched themselves...

Jul 19 2023

Technology

G/O Media publishing AI-generated stories despite employee outcry

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A media company that runs several sites including Jezebel, the Onion and Gizmodo is publishing mistake-ridden stories written by AI bots despite an outcry from staff over what they slammed...

Jul 18 2023

Technology

First-gen iPhone sells at auction for $190K — almost 380 times its original price

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A first-generation iPhone sold at auction Sunday for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007. LCG Auctions, which hosted the...

Jul 18 2023

Technology

Meta CEO Mark Zuckerberg training to get his pilot’s license

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Meta CEO Mark Zuckerberg has learned to surf, taken up jiu-jitsu, and is now reportedly in the process of adding a new hobby — flying. The Facebook co-founder and tech...

Jul 18 2023

Technology

House Republicans urge Lina Khan’s FTC to drop fight against Microsoft-Activision deal

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Twenty-two Republican lawmakers urged the Federal Trade Commission to drop its fight against Microsoft’s deal to buy video game maker Activision Blizzard, calling it “an example of the FTC’s rejection of sound antitrust...

Jul 18 2023

Technology

AI-powered sex robots will seem ‘alive’ and negate need for partner, ex-Google exec says

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A former senior executive at Google predicted that sex robots powered by artificial intelligence could eliminate the need for a human partner in the bedroom. Mo Gawdat, who was chief...

Jul 17 2023

Technology

Warren Buffett cut Activision stake before US judge approved Microsoft merger

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Warren Buffett’s Berkshire Hathaway sold 70% of its investment in Activision Blizzard in the second quarter, appearing to miss out on some gains when a federal judge said Microsoft can complete its $75 billion...

Jul 17 2023

Technology

Ford slashes prices of F-150 Lightning trucks as EV price war heats up

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Ford is cutting the price of its F-150 Lightning trucks by 17% — the latest attempt by the Detroit automaker to put a dent in the electric vehicle market that...

Jul 17 2023

Technology

Microsoft, UK regulators granted pause of appeal over Activision deal

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Microsoft’s appeal against Britain’s block on its $75 billion takeover of Activision Blizzard was formally paused by a London tribunal on Monday, to give the parties more time to resolve the dispute....