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EU closes antitrust probe into Apple’s e-book and audiobook rules after complaint withdrawn
The European Commission (EC) has quietly closed a longstanding antitrust investigation into Apple over rules it enforces against third-party e-book and audiobook app developers. The EC opened the probe back in 2020 after receiving complaints over how Apple forced competing e-book and audiobook app...
Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access
In May 2023, Ford triggered a transformation when the U.S. automaker locked in a deal to give owners of its EVs access to the Tesla Supercharger network. In a stunning shift, automaker after automaker — from GM and Hyundai to Rivian and Mercedes — followed suit. By the end of 2023, nearly every...
Plex redesigns its app to look more like a streaming service
Streaming service and media software maker Plex on Friday introduced a redesign of its software that puts more emphasis on discovery, easily accessing your watchlist, and other personalization features — including those for home media enthusiasts who still use the app to organize their media...
Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns
Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries. The company reportedly chose Chapter 11 in an effort to right its finances. In the wake of the filing,...
Taking a cue from X, Threads tests AI-powered summaries of trending topics
As the Twitter-like social network Bluesky sees a significant surge in users this month, Meta’s own X competitor Threads has been rapidly building out its platform. On Friday, Instagram head Adam Mosseri announced that Threads will start testing AI-powered summaries of what people are discussing...
StoreCash’s new app lets you instantly earn cash back at stores
Daricus Releford always wanted to be a founder. In high school, he ran a hot dog station and in college launched a chocolate-covered strawberry business, making millions in sales before moving to Silicon Valley to pursue his dreams in tech. Entrepreneurship simply runs in his family, he told...
Anthropic raises an additional $4B from Amazon, makes AWS its ‘primary’ training partner
Anthropic, OpenAI’s close rival, has raised an additional $4 billion from Amazon, and has agreed to make Amazon Web Services (AWS), Amazon’s cloud computing division, the primary place it’ll train its flagship generative AI models. Anthropic also says it’s working with Annapurna Labs, AWS’...
Apple’s mobile browser policies and Google pact are ‘holding back innovation,’ UK regulator says
An inquiry group setup by the U.K.’s antitrust authority has provisionally found that Apple’s policies are “holding back innovation in the browsers we use to access the web on mobile phones.” While the report focuses substantively on Apple, it also highlighted a revenue-sharing agreement with...
Flipkart co-founder Binny Bansal leaves PhonePe board
Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent...
New UK crypto regulations will include stablecoins and staking services
The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which...
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