Lucid Group’s market value blew past Ford Motor to $89.9 billion after executives told investors that reservations for its first vehicles had jumped and that its production plans for 2022 were still on track, bringing Lucid close to eclipsing General Motors, which has a market cap of $90.9billion.
At Google's weekly all-hands meeting, CEO Sundar Pichai and cloud boss Thomas Kurian tried to address concerns about the company’s potential pursuit of a multibillion-dollar cloud deal with the Defense Department, receiving almost 1,000 employee votes.
Online hate speech in the UK and US has risen by 20% since the start of the pandemic. Ditch the Label commissioned the study which analysed 263 million conversations in the country and US between 2019 and 2021. The report found 50.1 million discussions about, or examples of, racist hate speech.
When Microsoft released its first Xbox console 20 years ago, executives did not think that Halo would become the face of the tech giant’s gaming aspirations, but players fell in love with the story line, featuring a soldier in green armor, known as Master Chief. Since then, the franchise has made $6 billion, sold more than 81 million copies of games and spawned an array of spinoffs, comic books and movies.
Ohio's attorney general is suing Meta Platforms Inc., formerly known as Facebook Inc., alleging the company misled the public about how it controlled its algorithm and the effects its products have on children. The lawsuit seeks more than $100 billion in damages and demands that Meta make significant changes to not mislead investors again.
China Telecom's U.S. subsidiary asked a U..S appeals court to block the decision of the Federal Communications Commission to revoke the telecommunication company's authorization to operate in the United States. China Telecom Americas was ordered by the FCC to discontinue its services by early January.
TechCrunch asked several professionals about how to optimize next year’s marketing spending and how to spend the money to kick-start their 2022 marketing efforts. The money could be used to buy 50 Herman Miller Aeron chairs or five top-of-the-line MacBook Pros for the engineering team.
Faraday Future is launching an investigation into recent allegations of financial fraud at the startup, including claims from a recent short-seller report by J Capital. J Capital accused the startup of lying about the number of reservations it had collected for its ultra-expensive electric SUV, the FF91. The EV startup’s board of directors has formed a “special committee of independent directors” which has hired a law firm to perform the investigation.
Russia destroyed one of its own satellites with a ground-based missile, creating thousands of pieces of debris that have spread out into Earth orbit, and many thousands of smaller ones that cannot be traced. The State Department indicated that the debris field is a danger to the space station, and that it will significantly increase the risk to astronauts.
Snap has signed a music licensing deal with Sony Music Entertainment, which means Snapchat users will have access to songs from Sony artists, and Snap plans to take advantage of the milestone by launching new AR music filters. The company also has licensing deals with all the major music labels, and will release a set that will feature pre-selected songs embedded in the filter.