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China's antitrust regulator has opened an investigation into Qualcomm's acquisition of Israeli connected-vehicle chip company Autotalks. The State Administration for Market Regulation (SAMR) alleges that Qualcomm is suspected of violating China's anti-monopoly laws by not disclosing certain details of the deal.
Both the International Monetary Fund (IMF) and the Bank of England are warning of an AI bubble that could burst sooner than later, citing soaring valuations and stock prices.
It was only a few weeks ago that NVIDIA pledged a $100 billion investment in OpenAI. Now, OpenAI has come to another agreement, this time with NVIDIA's competitor, AMD. OpenAI has announced a deal to use AMD's chips to create six gigawatts worth of AI infrastructure.
Just a day after dethroning SpaceX as the most valuable private company in the world, OpenAI has acquired another startup.
Tesla launched its own auto insurance options for California customers back in 2019, but it may soon lose its authorization to do just that.
Spotify founder and CEO Daniel Ek will be transitioning to the role of executive chairman on January 1 of next year. The current Co-President and Chief Product and Technology Officer Gustav Söderström and Co-President and Chief Business Officer Alex Norström will take his place as co-CEOs.