Companies have been cutting costs.Photo by Natt Garun / The Verge It feels like every day, we hear news of mass layoffs and hiring freezes from big tech companies that were formerly famous for having deep pockets and near-endless amenities for workers. Now, it’s clear that the industry as a whole is tightening its belt,… Continue reading The tech industry’s moment of reckoning: layoffs and hiring freezes
Author: The Verge Online News
Tesla staged Autopilot demo video, says director of software
/ The vehicle was on a premapped route and was shown obeying traffic lights. Image: Tesla Tesla’s much-hyped video of its Autopilot driver-assist system “driving by itself” from 2016 was not actually driving itself, according to Ashok Elluswamy, Tesla’s director of Autopilot software. In a recent deposition, Elluswamy said that the video titled “Full Self-Driving… Continue reading Tesla staged Autopilot demo video, says director of software
Elon Musk’s securities fraud trial starts today — here’s what you need to know
/ Musk is expected to take the stand in a trial centered on his infamous ‘funding secured’ tweet from 2018 in which he claimed he was taking Tesla private. A judge has already ruled that Musk’s tweet was knowingly ‘false,’ which significantly weakens his position. Kristen Radtke / The Verge; Getty Images Before Elon Musk… Continue reading Elon Musk’s securities fraud trial starts today — here’s what you need to know
Taylor Swift and the music industry’s next $20
Streaming’s the problem. It’s streaming. Share this story Photo illustration by William Joel / The Verge I have this theory that music is usually about five years ahead of the rest of media in terms of its relationship to tech — whether that’s new formats based on new tech, like vinyl to CDs, new business… Continue reading Taylor Swift and the music industry’s next $20
Tuesday’s top tech news: An Apple (a) day
Last year’s 13-inch MacBook Pro.Photo by Amelia Holowaty Krales / The Verge Apple unleashed an M2-powered update to a couple of its product lines today, with the introduction of a new Mac Mini, as well as refreshed MacBook Pro 14- and 16-inch laptops, now available with M2 Pro and M2 Max chips inside. Apple didn’t… Continue reading Tuesday’s top tech news: An Apple (a) day
Uber drivers in Europe can now rent Tesla and Polestar vehicles through Hertz partnership
/ The ridehail company will make 25,000 Tesla vehicles available to drivers in select European capitals by 2025 through its partnership with Hertz. Uber is expanding its electric vehicle partnership with Hertz to Europe. The ridehail company says it will make 25,000 EVs — mostly Tesla and Polestar vehicles — for drivers in select European… Continue reading Uber drivers in Europe can now rent Tesla and Polestar vehicles through Hertz partnership
The battle of the standards: why the US and UK can’t stop fighting the metric system
Metric units have conquered the globe, but in the US and the UK, their presence has become part of a culture war between ‘traditional’ and ‘progressive’ values. Share this story Casing the joint is an essential part of any heist movie. The protagonists arrive on the scene, dressed suitably incognito, and do their best to… Continue reading The battle of the standards: why the US and UK can’t stop fighting the metric system
Tesla’s big price cuts mean ‘a major shift in the EV market’
/ Analysts say Tesla’s hitting back hard over demand concerns. But many recent customers aren’t happy about missing out on these deals. Can Tesla remain the leader in the modern electric vehicle market it effectively created? That question has been on the mind of EV buyers, investors, analysts, industry watchers, and Elon Musk stans for… Continue reading Tesla’s big price cuts mean ‘a major shift in the EV market’
Republican lawmakers push for crypto regulation with new panel
/ The Subcommittee on Digital Assets, Financial Technology and Inclusion is supposed to provide “clear rules of the road” for federal regulators. House Financial Services chair Patrick McHenry (R-NC) announced the new subcommittee on Thursday. Tom Williams/CQ-Roll Call, Inc via Getty Images Republican lawmakers announced a new panel on Thursday that will oversee the cryptocurrency… Continue reading Republican lawmakers push for crypto regulation with new panel
Friday’s top tech news: unexpected price cuts at Tesla
A Tesla Model Y at a recent trade show.Photo by Vernon Yuen/NurPhoto via Getty Images After months of incremental price increases, Tesla appears to be reversing course with some massive price cuts. With Tesla having dissolved its PR department, no official reason for the cuts was given, but the company’s recent disappointing financial performance could… Continue reading Friday’s top tech news: unexpected price cuts at Tesla