Block Inc. is looking to bypass Web3 entirely and focus on a new Bitcoin-centric model for identity management. Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO of Twitter in November 2021.
Apple is positioned to gain PC market share from Microsoft Windows after announcing MacBook laptops with the next-generation M2 chips. Adobe, Microsoft and other app developers have been making their software compatible with Apple silicon, giving companies more of an incentive to make the switch.
Tesla just filed its annual proxy statement with the SEC and revealed it plans a three-for-one stock split, and that board member Larry Ellison does not plan to stand for re-election.
In the filing, the company wrote of the proposed stock split, “Our success depends on attracting and retaining excellent talent,” and that “highly competitive compensation packages,” offering every employee an option to receive equity, helped Tesla to do that. In its 2022 proxy filing, the electric vehicle and renewable energy business, also revealed that board member Larry Ellison currently owns 1.5% of Tesla shares.
NASA has announced the formation of a study team dedicated to UFOs. The team will be led by astrophysicist David Spergel. The study will identify what UAP data already exists and develop methods to study the nature of UAPs for both scientific and aerospace defense reasons. NASA has already been up front about the fact that Uaps are likely not alien spacecraft.
Intel is adjusting some near-term spending plans, joining other tech companies in reassessing priorities amid global economic uncertainty. Intel said Wednesday that “prioritization in our spending will help us weather macroeconomic uncertainty, execute on our strategy and meet our commitments to customers, shareholders, and employees.” America’s largest chip maker by sales also said that it sees itself at the start of a long-term growth cycle for the semiconductor industry.
Meta has decided not to sell its first version of standalone augmented reality glasses, codenamed Orion. Instead, the company will distribute them to developers so they can build software experiences for the device and future versions. The company is also shelving plans to release a smartwatch with a detachable display and two cameras in favor of a design better suited to control the glasses.
Polestar has delivered 65,000 Polestars to Hertz as part of a deal struck in April. The EV automaker says the deal is one of the largest single EV purchases in history. The deal is a dig at Tesla, which supposedly had a deal with Hertz last year for 100,000 Model 3s.
Bloomberg has been helping clients navigate the cryptocurrency space for almost a decade. Clients can now monitor intraday pricing for an expanded universe of cryptos, indices and futures contracts in real-time. Bloomberg has developed a rigorous vetting model, available to view on the Bloomberg Terminal, that takes into account institutional client base.
Peter Rice was the chairman of general entertainment content at Disney. Rice was "an ill fit with Disney's corporate culture," sources told The New York Times. Rice joined Disney during the acquisition of 21st Century Fox’s television and film assets in 2019. He previously served as president of 21ST Century Fox and chairman and CEO of Fox Networks Group.
Microsoft is releasing an Xbox app for smart TVs. The app will allow gamers to stream Xbox video games even if they don't own consoles. It's a bold bet for Microsoft, after Xbox's hardware revenue jumped 92% last year. Gaming is Microsoft's fourth-largest major product category.
he National Highway Traffic Safety Administration on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance of the system in 765,000 vehicles after about a dozen crashes in which Tesla vehicles struck stopped emergency vehicles -- and said Thursday it had identified six additional crashes.