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TechCrunchIndian ride-hailing giant Ola quits UK, Australia and NZ in international pullback
Indian ride-hailing giant Ola is shutting down its operations in the U.K., Australia and New Zealand, six years after expanding to international markets, as it shifts focus to shoring up its domestic business ahead of an initial public offering. An Ola spokesperson told TechCrunch that the SoftBank-backed ride-hailing startup sees "immense opportunity for expansion in India," where it operates in hundreds of cities and offers a range of transportation options, including two-wheelers. "With this clear focus, we’ve reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the U.K., Australia and New Zealand," the spokesperson added.
- Autoblog
UPS and FedEx find it harder to replace gas guzzlers than expected
Shipping companies like UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers.
- Yahoo Finance
Re-vote on Elon Musk’s pay could expose Tesla to even more legal trouble
Tesla is likely in for some fresh legal entanglements after recommending stockholders vote to reinstate Elon Musk’s compensation package.
- Yahoo Finance
The ending of Google's monopoly trial has Silicon Valley on edge
Google has a lot at stake as a federal judge weighs whether the tech giant’s search empire should be broken up. But so does the rest of Silicon Valley.
- Autoblog
BYD got $3.7 billion in Chinese aid to dominate EVs, study says
China’s BYD Co. received at least $3.7 billion in direct government subsidies as part of Beijing’s push to dominate electric vehicles and other clean technologies, according to a new study.
- Autoblog
This Milwaukee mechanics tool set is an impressive 40% off at The Home Depot
Now available at an unbeatable 40% discount during The Home Depot's spring sale, this set is meticulously engineered for maximum tool strength, ensuring durability and longevity for any task. The flush directional lever and socket flats are designed to prevent rolling, while the stamped socket sizes offer easy visibility.
- Engadget
FCC fines America's largest wireless carriers $200 million for selling customer location data
The Federal Communications Commission has slapped the largest mobile carriers in the US with a collective fine worth $200 million for selling access to their customers' location information without consent.
- Yahoo Finance
Gas prices: Why one US region will see 'stiff increases' this week
New England will be the latest region to see gasoline prices spike higher.
- TechCrunch
Rivian targets gas-powered Ford and Toyota trucks and SUVs with $5,000 'electric upgrade' discount
Rivian is offering discounts up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs. The promotion, which kicked off on April 22, is aimed directly at some of the best-selling and most ubiquitous gas-powered trucks and SUVs on the market today, including the Ford F-150, Toyota Tacoma and Jeep Wrangler. Rivian is even going after German automakers, Audi and BMW.
- Autoblog
In VW's EV plant in eastern Germany, gas engines are now verboten
A New York Times piece describes the transition to EVs, and what it means for jobs, at a sprawling Volkswagen plant in Zwickau, Germany.
- Yahoo Sports
Michigan given three-year probation, recruiting penalties by NCAA for football violations
This ruling is unrelated to the Michigan sign-stealing investigation, which remains ongoing.
- Yahoo Finance
Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans
The company is planning to introduce new menu items, loyalty offerings, and more, but it likely falls short of what's needed for a turnaround.
- Engadget
Microsoft and OpenAI sued yet again by Chicago Tribune and New York Daily News
A group of publications that include the Chicago Tribune, New York Daily News and the Orlando Sentinel are accusing OpenAI and Microsoft of stealing their copyrighted content to train generative AI products.
- Engadget
Google asks court to reject the DOJ’s lawsuit that accuses it of monopolizing ad tech
Google filed a motion on Friday in a Virginia federal court seeking summary judgment for the Department of Justice's antitrust case against it. The DOJ sued Google at the beginning of 2023 for alleged monopolistic practices.
- TechCrunch
Tesla recalls the Cybertruck for faulty accelerator pedals that can get stuck
Tesla is recalling all 3,878 Cybertrucks that it has shipped to date, due to a problem where the accelerator pedal can get stuck, putting drivers at risk of a crash, according to the National Highway Traffic Safety Administration. The recall caps a tumultuous week for Tesla. A few days later, Tesla asked shareholders to re-vote on CEO Elon Musk's massive compensation package that was struck down by a judge earlier this year.
- TechCrunch
FLO is improving EV charging infrastructure
The lack of charging infrastructure is a major barrier to entry for those looking to convert gas-powered vehicles to electric. This process is an essential component of fighting climate change, and luckily, it's becoming easier to do. As of July 2023, the U.S. installed more than 160,000 charging stations throughout the nation, many of which are located in urban centers.
- TechCrunch
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic and Inflection
The U.K.'s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startups falls within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. The announcement comes amid growing scrutiny of Big Tech's approach to M&A in the world of AI, where critics argue that the so-called "quasi-merger" has emerged as the flavor of the day as a means of bypassing regulatory scrutiny. Earlier this year, the Federal Trade Commission (FTC) launched its own enquiries into Alphabet, Amazon and Microsoft's various investments in emerging AI companies to establish whether the "partnerships pursued by dominant companies risk distorting innovation and undermining fair competition."
- Yahoo Finance
Global iPhone shipments drop nearly 10% as Apple's 2024 woes continue
Global iPhone shipments fell nearly 10% in Q1 as the company deals with rising rivals from China.
- TechCrunch
UK's antitrust enforcer sounds the alarm over Big Tech's grip on GenAI
The U.K.'s competition watchdog, Competition and Markets Authority (CMA), has sounded a warning over Big Tech's entrenching grip on the advanced AI market, with CEO Sarah Cardell expressing "real concerns" over how the sector is developing. In an Update Paper on foundational AI models published Thursday, the CMA cautioned over increasing interconnection and concentration between developers in the cutting-edge tech sector responsible for the boom in generative AI tools. The CMA's paper points to the recurring presence of Google, Amazon, Microsoft, Meta and Apple (aka GAMMA) across the AI value chain: compute, data, model development, partnerships, release and distribution platforms.
- Yahoo Sports
Timberwolves coach Chris Finch calls Jamal Murray's heat-pack toss on court 'inexcusable and dangerous'
Murray made a bad night on the court worse during a moment of frustration on the bench.