WASHINGTON (AP) — In a story published April 12, 2024, about Chinese sales to Russia of technology that has been used in its war against Ukraine, The Associated Press, citing information from two senior administration officials, misidentified the name of one of the companies involved in the sales as Chinese firm iRay Technology. A third senior official said the company at issue is Yantai-based IRay Technology Co. Ltd.
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The EU has officially opened a significant investigation into Meta for election disinformation. While the European Commission’s statement doesn’t explicitly mention Russia, Meta told Engadget the EU probe targets the country’s Doppelganger campaign.
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to profitability, and prices continued to rise thanks to solid demand for DRAM and NAND chips, high-density SSDs and servers. Samsung said total revenue increased 12.8% to KRW 71.2 trillion ($52.2 billion) in the quarter from a year earlier, while net profit rose 330% to KRW 6.75 trillion ($4.88 billion) compared to a year earlier.
Tesla has gutted its charging team in a new round of layoffs, despite recently winning over major automakers like Ford and General Motors and making its connector the defacto standard in North America. CEO Elon Musk announced the new layoffs in an overnight email to executives, first reported by The Information, in which he said he wants leaders to be "absolutely hard core about headcount and cost reduction," as he ordered them to cut more employees who "don’t obviously pass the excellent, necessary and trustworthy test" or resign. Senior director of EV charging Rebecca Tinucci and head of new vehicles Daniel Ho are out, according to The Information.
Tesla has begun laying off more people, starting with two senior executives, with plans for hundreds more. CEO Elon Musk says the company has to get “absolutely hard core about headcount.”
Well, it's starting to feel like that with Spotify's foray into the enterprise and developer tooling space -- nothing wrong with it per se, but it makes you flinch just a little due to its divergence from the norm. What we're talking about is Backstage, a platform and framework Spotify introduced internally in 2016 to bring order to its developer infrastructure.