Nikola shares tank after EV maker recalls its battery-electric big rigs

August 14, 2023
Electric truck maker Nikola shares plummeted Monday after it recalled nearly all of its battery electric semi trucks. The company recalled 209 of its Class 8 Tre battery electric vehicles after a third-party investigation found a coolant leak likely caused a battery fire in one of its trucks. The company said Friday it has placed […]

The Pros and Cons of Hiring Family Members in a Small Business

August 14, 2023
While conventional wisdom discourages small business owners from hiring members of the same family, there are actually smart and strategic reasons to do so — but there are still drawbacks to consider. Here’s what you should know about hiring employees who are family members.

Ford taps Apple exec to lead new software services unit

August 14, 2023
Ford has hired Peter Stern, a former executive at Apple, to lead its newly formed Ford Integrated Services unit. The unit will create and market software-enabled customer experiences across Ford’s three business units: Ford Blue, for gas and hybrid vehicles, Model e for connected EVs, and Ford Pro for commercial products. As the era of […]

Millions of Americans’ health data stolen after MOVEit hackers targeted IBM

August 14, 2023
Millions of Americans had their sensitive medical and health information stolen after hackers exploiting a zero-day vulnerability in the widely used MOVEit file transfer software raided systems operated by tech giant IBM. Colorado’s Department of Health Care Policy and Financing (HCPF), which is responsible for administering Colorado’s Medicaid program, confirmed on Friday that it had […]

Amazon taps generative AI to enhance product reviews

August 14, 2023
Amazon announced this morning it will begin to leverage generative AI to help customers better understand what customers are saying about a product, without necessarily having to read through dozens of individual reviews. The retailer says it will use the new technology to provide a short paragraph of text right on the product detail page […]

Another $100M for AI, why not

August 14, 2023
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Here’s the rundown from this morning: […]