Felix Krause’s discovery that Meta’s Facebook and Instagram apps can track iPhone owners across websites hasn’t sat well with some people. Bloomberg reports users have filed two proposed class action lawsuits accusing Meta of evading Apple’s privacy-oriented App Tracking Transparency (ATT) feature and consequently violating both federal and state laws barring unauthorized data gathering. Meta… Continue reading Meta sued for allegedly dodging Apple’s privacy rules
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Meta ordered to pay $175 million in patent infringement case
Meta is facing a hefty bill after losing a patent infringement lawsuit. A federal judge in Texas has ordered the company to pay Voxer, the developer of app called Walkie Talkie, nearly $175 million as an ongoing royalty. Voxer accused Meta of infringing its patents and incorporating that tech in Instagram Live and Facebook Live.… Continue reading Meta ordered to pay $175 million in patent infringement case
SpaceX wants to put Starlink internet on rural school buses
Starlink satellite internet access has already spread to boats and RVs, and now it might accompany your child on the way home from class. SpaceX told the FCC in a filing that it’s piloting Starlink aboard school buses in the rural US. The project would keep students connected during lengthy rides (over an hour in… Continue reading SpaceX wants to put Starlink internet on rural school buses
Facebook violated Palestinians’ right to free expression, says report commissioned by Meta
Meta has finally released the findings of an outside report that examined how its content moderation policies affected Israelis and Palestinians amid an escalation of violence in the Gaza Strip last May. The report, from Business for Social Responsibility (BSR), found that Facebook and Instagram violated Palestinians’ right to free expression. “Based on the data… Continue reading Facebook violated Palestinians’ right to free expression, says report commissioned by Meta
EV battery maker CALB set to raise $1.47b in Hong Kong IPOThe company could raise up to $1.7b based on the maximum offer price of HK$51 per share.
Electric vehicle battery maker CALB Co Ltd said on Thursday it plans to raise about HK$11.56 billion ($1.47 billion) in a Hong Kong initial public offering as it looks to raise funds for the construction of battery production lines. The estimated net proceeds from the Hong Kong listing assumes an offer price of HK$44.50 per share, which… Continue reading EV battery maker CALB set to raise $1.47b in Hong Kong IPOThe company could raise up to $1.7b based on the maximum offer price of HK$51 per share.
Vietnam-based Be Group in talks to raise up to $100m equity fundingBe wants to draw 20m users to its platform by 2026.
Editor’s note: An earlier version of this story stated Be Group is in talks to raise “upto $100 million”. It should read “over $100 million”. Vietnam-based digital consumer platform Be Group is in talks with several funds to raise atleast $100 million in an equity funding round, according to a source with direct knowledge… Continue reading Vietnam-based Be Group in talks to raise up to $100m equity fundingBe wants to draw 20m users to its platform by 2026.
Nvidia has alternatives for restricted chips; CEO downplays US curbs on Chinese exports
Nvidia Corp. has played down the impact of a US government order restricting the export of two prized semiconductor models, with founder and CEO Jensen Huang saying the firm can meet the needs of the “vast majority” of its Chinese customers using less advanced alternatives. The comments come weeks after the US unveiled export restrictions… Continue reading Nvidia has alternatives for restricted chips; CEO downplays US curbs on Chinese exports
India’s Mahindra said to be in talks with green funds, PEs to raise up to $500m in EV push
Indian automaker Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build electric vehicles (EVs), a source with direct knowledge of the matter told Reuters. Mahindra is in early talks with global green funds and private equity firms, the person said, adding that it wants a… Continue reading India’s Mahindra said to be in talks with green funds, PEs to raise up to $500m in EV push
AirPods Pro 2 offer two big upgrades but connectivity chaos hasn’t been tamed
Pros Transparent mode is significantly better than the previous generation Sound quality is clear and has a fuller range Built-in case speaker to locate the AirPods is useful New extra small (XS) ear tips give their fit more flexibility Cons Still one of the most expensive pairs of earbuds on the market Connectivity chaos remains… Continue reading AirPods Pro 2 offer two big upgrades but connectivity chaos hasn’t been tamed
GM investing in Lithion Recycling to support advanced EV battery recycling tech
GM announced Thursday that its venture capital division, GM ventures, will invest in Lithion Recycling to support a sustainable circular battery ecosystem. The new partnership will focus on researching and developing a viable EV battery recycling method to further reduce emissions and the usage of critical minerals. Global supply chains are still recovering from the… Continue reading GM investing in Lithion Recycling to support advanced EV battery recycling tech