Apple could be fined up to 10% of its global turnover of $36.6bn (£29.2bn) based on its revenue last year. Apple denies the charge and has promised to engage with the Commission. If the charges are upheld, it could be fines up to $10bn based on revenue of £29.3bn.
Dell Technologies CEO Michael Dell delivered his keynote address at Dell Technologies World 2022. Dell unveiled a slew of new offerings at the event in Las Vegas. Dell Technologies is the world's largest PC and infrastructure company. The company is also the largest provider of cloud computing services. It is the first time in years that Dell has hosted an in-person event due to the pandemic.
Apple announced the Apple Watch in 2014 at De Anza, a few miles down the road from its then-headquarters on Infinite Loop, a sacred site for Apple, the place Steve Jobs debuted both the original Macintosh in 1984 and the iMac in 1998. However, the fight over the event logistics and the $25 million price tag Ive asked for to pull it off was reportedly one of the moments that led Ive to eventually leave the company.
Facebook is now backing out of the audio business as podcasts won't be available on its social media service starting June 3. The company is removing its central audio hub, Soundbites, and the short-form audio product called Soundbite. Facebook doesn't plan to alert users to the fact that podcasts will no longer be available, leaving it up to the publishers to decide how they want to disclose that information.
The Biden administration on Monday announced it will begin a $3.1 billion plan to boost domestic manufacturing of batteries, in a broader effort to shift the country away from gas-powered cars to electric vehicles.
The funding will support grants aimed at building, retooling or expanding manufacturing of batteries and battery components, as well as establishing battery recycling facilities.
The grants will be funded through President Joe Biden’s $1 trillion bipartisan infrastructure law, which includes more than $7 billion to bolster the country’s battery supply chain.
April 2022 marked the fourth consecutive month of the slowdown in the installation of Bitcoin ATMs, helping users physically retrieve or deposit holdings against the corresponding cash reserves. The year 2021 saw the highest global increase in Bitcoin ATM installations, with August witnessing a peak net change of 2,037 ATMs.
Russian space chief says Moscow will end its mission to the ISS in a year. Dmitry Rogozin said the decision was taken already but he was not allowed to discuss it publicly. Russia has blamed sanctions imposed on its space industry for the decision. The space station was a rare area of cooperation between Russia and U.S. until the Ukraine war.
Samsung's foldable phone, the Galaxy Z Flip 3, was the most popular bendable phone last year. The next model, which will presumably be called the Z Flip 4, could finally offer a battery upgrade. All three Z Flip phones pack a 3,300mAh battery and are barely enough for a full day. Galaxy Club claims to have found evidence that the Flip 4 will have a slightly bigger battery.
Meta Store will open on the former Facebook campus in Burlingame, California. It will be a living lab where people can experience the metaverse for themselves. The store will be hardware-forward, selling essential tools that make interaction in the virtual world possible, like the $299 Quest VR headset.
Netflix has canceled development on an animated series created by Meghan, Duchess of Sussex. The cancellation is part of strategic decisions Netflix is making around animated series. The streamer has faced pressure as more competitors enter the space and vie for users’ time. The company reported its first decline in paid users in more than a decade.
India seized assets from Xiaomi India. The country's anti-money laundering agency found the subsidiary had broken local foreign exchange laws. The Enforcement Directorate found Xiaomi designed the payments to benefit itself. The agency accused Xiaomi of providing “misleading information to the banks while remitting the money abroad.