This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. The curious case of the disappearing Lamborghinis Across the world, unsuspecting people are unwittingly becoming caught up in a new and growing type of organized criminal enterprise: vehicle transport fraud and theft. Crooks…
Everyone wants enough money to do the things they like. Sometimes that requires us to do a bit of planning. Sometimes it means doing tedious stuff we’d rather not. Young…
They took massive risks and it paid off! Both famous musicians, one from the rock band Incubus, the cofounders of Mother Science learned to adapt their skills and became innovators in a completely different industry — see how they did it.
The tech giant Amazon (AMZN) beat analyst revenue and earnings estimates for the second quarter and issued guidance that points to accelerating revenue growth. Moreover, the company’s AWS continues to…
One might start noticing more Chinese cars in Western markets in recent times. In the first half of the year, China exported 2.34 million vehicles, according to customs data. The tally surpassed that of Japan, which finished H1 with 2.02 million cars exported. This is the first time China has overtaken Japan in automobile export […]
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. AI language models have recently become the latest frontier in the US culture wars. Right-wing commentators have accused ChatGPT of having a “woke bias,” and conservative groups have started developing their own…
The European Commission (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software rival Figma. The Commission said that the acquisition “may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools.” First announced last September, […]
Paramount said that it added 700,000 subscribers to Paramount+ in Q2 2023 after the company launched a subscription tier with Showtime integration in June. This addition meant Paramount+ subscriber count now stands at around 61 million — up from the 60 million reported last quarter. The new integrated $11.99 per month plan with Showtime replaced […]
As SoftBank prepares to dive deeper into AI investments, the group posted an unexpected consecutive quarterly overall loss, as well as a continued loss in its existing investment business. SoftBank’s Vision Fund 1 and 2 and its Latin American fund together posted a quarterly investment loss of 13 billion yen ($91 million). That is significantly […]
Proptech startup Dongnae said Tuesday it plans to acquire Stevens, a South Korean company that operates co-living business Dears. The two companies did not disclose the acquisition price, but Dongnae said it will purchase Stevens with a mix of cash and equity. The Seoul-based proptech outfit previously raised a total of $34 million, including a $21 million […]
Apple Music has added a new algorithmic radio station to the app called ‘Discovery Station’ in a way to compete with Spotify’s personalized lists. Apple’s Sweden-based rival service has offered its signature “Discover” playlists for years now. In response to that, Apple Music has started rolling out the new station for people to find new […]