A U.S. District Court has ordered that Tesla must tell employees about a lawsuit alleging the automaker violated state and federal law by requiring workers to sign separation agreements. Two former Tesla employees filed the suit in July, alleging that the company required them to sign releases in exchange for less severance than federal and…
Prior to announcing its intent to buy Figma for $20 billion on Thursday, Adobe’s largest deal was its $4.75 billion Marketo acquisition in 2018. Why go so far outside of its pricing comfort zone and pay twice as much as Figma’s most recent private valuation? The easy answer is that it’s about taking a potential…
Autonomous and electric truck maker Einride is rolling into Germany, representing its first new market in Europe outside its native Sweden. Founded out of Stockholm in 2016, Einride has raised some $150 million in funding to commercialize a cab-less autonomous cargo truck, one that can be controlled remotely if required by human operators. It’s a…
The first rule of conducting layoffs is to not be a jerk about it. The second rule is to make sure the social media manager you just laid off doesn’t still have access to your accounts. Today, Tencent violated both of those rules as it laid off nearly all of the editorial staff at Fanbyte,…
Today’s launch by Rocket Lab, “The Owl Spreads Its Wings,” was as unremarkable as a rocket going to orbit can be, but it also marked a few milestones for the growing space company: 30 launches and 150 satellites taken to space. The company’s first trip to orbit was in January of 2018, technically Electron’s second…
This year marks the beginning of Amazon’s multi-billion dollar 11-year deal with the National Football League, making Prime Video the first streamer to have exclusive rights to an NFL package. Previously, Amazon shared the games with Fox and the NFL Network. Tonight, September 15, 2022, is Prime Video’s first exclusive Thursday Night Football game, and…
Companies (and VCs) spend billions of dollars on cybersecurity, but primarily focus on protecting infrastructure or endpoints. That’s not always the right approach in a world where — thanks to the pandemic — data is increasingly distributed across clouds, software-as-a-service apps, and storage systems. According to one 2021 survey, 61% of security leaders in the…
When Olive launched in 2021, it aimed to eliminate waste from online shopping by enabling consumers to order from multiple sites and get products in one reusable package. Today, the company relaunches itself in the business-to-business space to work initially with apparel retailers on establishing a circular economy that delivers clothing and accessory orders in…
California’s attorney general, Rob Bonta, has filed a lawsuit against Amazon for allegedly anticompetitive pricing in violation of the California Unfair Competition Law and the Cartwright Act, California’s primary antitrust law. The complaint, filed in San Francisco Superior Court, accuses the company of contractually prohibiting third-party sellers from offering lower prices on platforms other than…
In pursuit of faster and more efficient AI system development, Intel, AMD and Nvidia today published a draft specification for what they refer to as a common interchange format for AI. While voluntary, the proposed “8-bit floating point (FP8)” standard, they say, has the potential to accelerate AI development by optimizing hardware memory usage and…
