Kakao Pay, the online payment service of South Korean messaging and internet giant Kakao, announced that it has acquired a stake in Siebert Financial, a brokerage firm based in New York. Kakao spent $17 million on this transaction and the company now owns a 19.9% stake in Siebert. This is just the first step as…
Tesla CEO Elon Musk might be ordered to testify under oath in a lawsuit that blames Autopilot, Tesla’s advanced driver assistance system, for a fatal crash in 2018. The tentative ruling, issued by a California judge Wednesday and first reported on by Reuters, came in a wrongful death lawsuit filed by the family of Walter…
Theranos founder Elizabeth Holmes will not be heading off to prison tomorrow to begin serving an 11-year prison sentence, as reported earlier by the WSJ. Though earlier this month, U.S. District Court Judge Edward Davila denied her request to remain free while she appeals her conviction, this week she asked the Ninth U.S. Circuit Court…
Having the ability to load up a digital wallet to pay for goods and services at businesses you frequent, and then earn rewards for those purchases, would be convenient and well, rewarding. But as of now, few merchants outside of retail giants such as Starbucks offer that ability. Ansa is a startup emerging from stealth…
Lookout’s long-running transition to becoming an enterprise security company is all but complete, revealing today that it’s selling its consumer mobile security business to Finland’s F-Secure. Terms of the deal were not disclosed. Founded out of Boston in 2009, Lookout originally started out as a consumer-focused smartphone security and data backup business, garnering millions of…
Honda said today that plans to release its first e:Architecture-based electric vehicle in North America in 2025. That’s a year earlier than the Japanese automaker originally said it would introduce vehicles based on its in-house vehicle platform, which puts greater emphasis on software and over-the-air updates a la Tesla. Honda said in a statement that…
Google Cloud may be chasing Amazon and Microsoft in the cloud game, but it has something big to boast about after earnings came out today. The company has turned a profit on its cloud unit for the first time since it began reporting cloud income several years ago. The company reported cloud revenue of $7.4…
DJI has spent the last several years doubling down on its imagining prowess — tripling down as it were, in this case. Makes sense. Aside from the underlying fun of flying these things around, all of the most immediate consumer/prosumer applications revolve around picture taking and video. The new Mavic 3 Pro embraces the prosumer…
The UK has signalled it will press ahead with an ex ante competition reform aimed at addressing the market muscle of Big Tech. The legislation will also aim to strengthen consumer rights by targeting fake reviews and subscription traps, with the aim of making it less of a minefield for web users to shop online…
If the startup OpenAI is feeling protective about its brand lately, it’s understandable. ThreatGPT, MedicalGPT, DateGPT and DirtyGPT are a mere sampling of the many outfits to apply for trademarks with the United State Patent and Trademark Office in recent months. All are piggybacking off the stunning popularity of ChatGPT, the chatbot rolled out in…
