OAKLAND, Calif.—Arm Ltd., the British chip technology firm owned by SoftBank Group Corp., on Sept. 14 launched its next generation of data center chip technology called Neoverse V2 to meet the explosive growth of data from 5G and internet-connected gadgets. Arm creates underlying intellectual property that other firms such as Qualcomm or Apple then license…
Richard Branson’s Virgin Orbit to Lift-Off From Small Regional Australian Airport
September 20, 2022
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AustraliaBusiness & MarketsCompanieseconomyInternationalRichard BransonScienceSpaceTechTech NewsToowoombaUKVirgin OrbitWellcampWorld
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Billionaire Richard Branson’s Virgin Orbit could soon be launching satellites from a small regional airport in Queensland after signing off a deal to develop its third location globally. Founded in 2017, the company deploys Boeing 747s to carry rockets into the upper reaches of the atmosphere before firing them into space. The New York-listed Virgin…
Social Media Censorship of Speech May Head to Supreme Court
September 19, 2022
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2022 Midterm Elections2024 electionAnalysiscensorhipcensorshipcongressEditorialsGooglemetaOpinionPolicies & ImpactsPoliticsSocial MediaTechTech NewsTwitterUSUS NewsViewpoints
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Commentary A New Orleans federal appellate court for the Fifth Circuit has reversed and remanded a lower court decision that held that a Texas law, House Bill 20, (HB20) was unconstitutional. The law bans social media platforms like Facebook and Twitter from censoring speech based on the user’s viewpoint, the viewpoint of another user, or the…
Volkswagen Says Chip Shortage Will Likely Extend to 2023
German vehicle manufacturer Volkswagen has said it does not anticipate chip shortages ending in 2023 and is instead gearing up for a “new normal” of supply-chain disruptions. Murat Aksel, head of procurement on the Volkswagen board, gave the bleak outlook in an interview with the German weekly Automobilwoche. Aksel said that while the situation has improved…
Federal Trade Commission Warns of Sophisticated ‘Dark Patterns’ Used to Trick Consumers
September 19, 2022
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advertisingBusiness & MarketsCompaniesdark patternsFTC - U.S. Federal Trade Commissiononline advertising scamsPolicies & ImpactsTechTech NewsUSUS News
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The Federal Trade Commission (FTC) released a report Thursday about how companies deploy “dark patterns” in advertising for enticing potential customers, manipulating them into making purchases and giving up their privacy in the process. “Our report shows how more and more companies are using digital dark patterns to trick people into buying products and giving…
Twitter Allowing ‘Active Spy From the CCP’ to Infiltrate Platform ‘Very Troubling’: Gettr CEO
September 18, 2022
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Gettr’s CEO said that recent whistleblower allegations that Twitter allowed a Chinese Communist Party (CCP) agent to be a part of the company are “very troubling, very problematic.” “The reason why they allowed this person to stay in their position was because Twitter is so dependent now on mainland China for revenue streams,” said Jason…
Tesla Sued by Drivers Over Alleged False Autopilot, Full Self-Driving Claims
Tesla Inc. was sued on Wednesday in a proposed class action accusing Elon Musk’s electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features. The complaint accused Tesla and Musk of having since 2016 deceptively advertised the technology as fully functioning or “just around the corner” despite knowing that…
Elon Musk Accuses Twitter of Security Lapses in Court Filing
WILMINGTON, Del.—Billionaire Elon Musk accused Twitter Inc. of fraud by concealing serious flaws in the social media company’s data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a Thursday court filing. Musk, the world’s richest person, amended his previously filed lawsuit by adopting allegations…
Lithium Prices Surge to Record High, Threatening to Push Up Expensive EV Costs Even Higher
September 16, 2022
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Business & MarketsChinaCompanieseconomyelectric vehicle batteriesenergyinflationInvestmentlithiumMarketsMedia & Big TechTech
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The price of lithium carbonate, the key material used to make electric car batteries, has continued to skyrocket, tripling in the past year. The valuable mineral is mainly processed in communist China, which has a monopoly on the battery market. Lithium carbonate prices in China hit $71,315 a ton on Sept. 16, according to data from…
Uber Investigating Computer System Hack That ‘Compromised Internal Systems’
Uber said on Thursday that it is responding to a cybersecurity incident after a hacker reportedly breached the raid-hailing company’s network and compromised a number of its internal systems. “We are currently responding to a cybersecurity incident. We are in touch with law enforcement and will post additional updates here as they become available,” the company said in…
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