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World's First-Ever AI Law Now Enforced in Europe, Targeting US Tech Giants

World's First-Ever AI Law Now Enforced in Europe, Targeting US Tech Giants

The European Union's new AI Act, effective August 1, 2024, introduces strict regulations for AI technologies, impacting major U.S. tech companies with its comprehensive framework and penalties for non-compliance.


Meta's Stock Rises After Better-Than-Expected Q2 Earnings

Shares of the big tech company Meta jumped by about 7% in extended trading on July 31 after exceeding Wall Street expectations on revenue and profit for the second quarter of 2024.

Tesla Recalls 1.8 Million Vehicles Over Unlatched Hood Issues

Tesla's latest recall is the biggest since December, when it recalled 2.03 million vehicles to install safeguards in its Autopilot features.

StubHub Accused of Tricking Customers Into Overpaying for Concert, Sports Tickets

The company's hidden fees can allegedly boost the total cost of a ticket by 40%. Millions of sports fans and concertgoers could have fallen victim to a deceptive pricing scheme at the online events platform StubHub that leads them to overpay for tickets, according to a lawsuit.


Latest News

Elon Musk Says Tesla’s Robotaxi Service to Launch on Oct. 10
The crash led to the death of 28-year-old motorcycle rider Jeffrey Nissen. A Tesla Model S car that was involved in a crash that killed a motorcyclist in the Seattle area in April was operating in "Full Self-Driving" mode at the time of the incident, police said.
Ex-Meta Employee Files Lawsuit vs. Company for Alleged Censorship of Palestinian Accounts
The lawsuit accused Meta of illegally collecting the biometric information of millions of Texans without consent.
Boeing Names Robert Ortberg As New CEO Following Plea Deal and $1.4 Billion Loss
Aerospace industry veteran, Robert "Kelly" Orberg is Boeing's new CEO, effective August 8, 2024, replacing David Calhoun after a $1.4 billion loss in the second quarter and ongoing regulatory issues.
TikTok HQ in Singapore Reports Food Poisoning Incident After 60 Staff Fell Ill
Dozens of ByteDance employees in Singapore were hospitalized for severe food poisoning, prompting an investigation by health officials into the third-party catering service used by the company.
Citi Bank Breaches Fed Rule and Admits to Errors in Financial Reporting
Citigroup has repeatedly violated Regulation W, a U.S. Federal Reserve rule meant to limit risky intercompany transactions, leading to errors in its liquidity reporting.
Orange Juice in US Gets Expensive As Citrus Greening Disease Devastates Orange Crops
Orange juice prices in the U.S. have surged to record highs due to a drop in orange production in Florida, mainly caused by extreme weather and an incurable citrus greening disease.
CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations
Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
Microsoft to Spend More Funding to Develop AI Infrastructure
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
Intel Announces Massive Job Cuts, Cites Cost-Cutting Measures
Intel announced that it was making thousands of jobs redundant in order to reduce costs and to be able to afford an ambitious effort to rebound from an earnings slump and recent weak market share performances.
iDeare Inc. Remodels the Design Process with Cutting-Edge Proprietary Technology
The founders of iDeare Inc., Andrea Dattilo (CEO) and Jeff Esposito (COO), knew there had to be a better way for homeowners and designers to complete remodeling projects.
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