The G7 urges the Financial Stability Board to speed up crypto-asset regulation. The turmoil referred to was the de-pegging of the TerraUSD (UST) stablecoin that began May 8. There were warning signs that the G7 ministers would be addressing the problem at their meeting.
Tesla has been frequently releasing new software updates to the FSD Beta program and adding more owners to it.
Today, Tesla has started using a new FSD beta software update (2022.12.3.10), and according to the release notes, it is one of the most extensive updates to date.
The release notes also mentioned many more improvements – several of them related to the level of confidence in which the system takes action, which has been a source of frustration for using FSD Beta in the past.
Boeing is trying to make a flawless test flight for its Starliner spacecraft. The spacecraft's development has been plagued by errors, delays, and failures, including a botched test flight and software issues. The company is still struggling to get through a test flight to get a flawless performance.
Honda released a teaser image of its upcoming 2024 Prologue electric SUV. The Prologue will be the company's first battery-electric vehicle to be sold in the US. Honda plans to sell 60,000 Prologue SUVs in the U.S. in 2024, 70,000 in 2025, and 300,000 by 2026. Honda also plans to roll out 30 hybrid, battery- electric, and fuel-cell vehicles by 2030.
Tesla was booted from the S&P 500's ESG Index. The index uses environmental, social and governance data to rank and recommend companies to investors. Tesla's lack of a low-carbon strategy and lack of "codes of business conduct" were cited as reasons. Apple, Microsoft, Amazon and Exxon Mobil were still included on the list.
China’s share of global bitcoin mining capacity plummeted to zero in July after authorities launched a fresh crackdown on cryptocurrencies.
But several underground mining operations have since emerged in the country, with miners taking care to work around Beijing’s ban. New research from the Cambridge Centre for Alternative Finance shows that Chinese bitcoin mining activity has quickly rebounded.
Google's Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson says. The tech giant has also moved most of its employees out of the country, the company confirmed. The move is the latest development in a tumultuous back-and-forth between the Silicon Valley tech giant and the Russian government.
Delivery start-up Gopuff announced Wednesday that it’s bringing on former Disney CEO Bob Iger as an investor and advisor to the $15 billion company.
“I believe consumer commerce will be very different in the near future and Gopuff is building the platform to power it,” Iger said in a statement.
The terms of Iger’s investment into Gopuff were not disclosed.
Amazon announced the latest version of its Fire 7 tablet on Wednesday.
At $59.99, the tablet is slightly more expensive than its predecessor, but the company is promising longer battery life.
The new Fire 7 is available for preorder starting Wednesday and will begin shipping June 29.
Ropsten, the main public testnet for the Bitcoin network, will undergo "the merge" next month. The merge is the final step before the main network can switch to a proof-of-stake consensus chain. The first part of the merge will take place on May 30, while the merge is estimated to take place June 8.