Federal authorities have recently revealed a concerning number of collisions, fatalities, and serious injuries linked to Tesla’s Autopilot system. The National Highway Traffic Safety Administration (NHTSA) conducted an in-depth analysis of 956 crashes involving the use of Tesla Autopilot, highlighting a critical safety gap in the system. The NHTSA report pointed out that the design
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SK Hynix, a prominent South Korean memory chipmaker, has reported a remarkable turnaround in its financial performance in the first quarter of the year. With a net profit of 1.92 trillion South Korean won ($1.39 billion), the company has managed to reverse the loss of 2.58 trillion won that was incurred in the same period
U.S. prosecutors are recommending a harsh sentence of 36 months for the former CEO of Binance, a major cryptocurrency exchange, due to charges related to enabling money laundering. This recommendation goes above and beyond the advised sentencing guidelines and aims to emphasize the gravity of the crimes committed by the accused individual. The allegations against
Jack Dorsey, the CEO of Block (formerly Square), has announced that the company is taking its bitcoin mining efforts to the next level by moving beyond designing chips to developing a full bitcoin mining system. This expansion signifies a significant shift in the company’s strategy towards supporting mining decentralization and making the process more accessible
The recent price reductions made by Tesla and Li Auto have had a significant impact on the market share of both companies. Tesla cut the starting price of its Model 3 in China by 14,000 yuan, while Li Auto reduced prices for several models up to 30,000 yuan. These price cuts were aimed at increasing
Bitcoin halving is a process that occurs in the Bitcoin network every four years, reducing the rewards earned by miners. This event is designed to control the supply of new bitcoins entering the market, ultimately leading to a total of 21 million bitcoins in circulation. The most recent halving, which took place on Friday evening,
Taiwan is at the forefront of the AI chip revolution and the global semiconductor industry, playing a crucial role in shaping the future of technology. The Taiwan Stock Exchange has seen significant gains, with the Taiex rising by 27.93% in the last 12 months, driven by the high demand for high-end chips and server supply
Following the recent announcement of layoffs at Tesla, CEO Elon Musk sent out an internal email alerting employees that some severance packages were incorrectly calculated and distributed. This mistake, according to Musk, is being rectified immediately. The oversight in providing inadequate severance to laid-off workers raises questions about the efficiency and accuracy of the company’s
Recently, Tesla announced that they would be laying off 285 employees in the state of New York as part of a broader restructuring initiative. This decision comes after the company’s CEO, Elon Musk, sent out a company-wide memo stating that more than 10% of the global workforce would be reduced. Most of the affected employees
The recent announcement from Andreessen Horowitz about raising $7.2 billion across five different funds signals a wave of optimism in the tech startup world. This news comes at a time when significant exits have been scarce over the past couple of years. The co-founder of the firm, Ben Horowitz, expressed the importance of this milestone
Particle Health and Epic Systems are currently embroiled in a dispute over data-sharing practices, with Epic filing a formal complaint against Particle citing concerns about the accuracy of record retrievals. Both companies are members of the Carequality network, which facilitates the exchange of patient information on a large scale. Despite the dispute, Particle Health stated
Tesla executives Drew Baglino and Rohan Patel recently announced their departure from the electric vehicle maker and clean energy company. Baglino, who had been with Tesla since 2006, worked his way up to become the company’s senior vice president for powertrain and energy engineering. Patel, who joined Tesla in 2016 after his role as a
Tesla, the electric vehicle giant, has recently announced that it will be laying off more than 10% of its global workforce in an effort to cut costs and increase productivity. This decision comes as a response to the company’s struggles in the market, with Tesla’s shares taking a 3% dip following the news. The memo
With the abundance of music available on Spotify, the platform faces the challenge of helping users navigate through the vast catalog to discover music they will enjoy. Spotify’s suite of recommendation tools, such as Discover Weekly and Made for You Mixes, aim to provide personalized recommendations that resonate with users. The company’s focus on personalization