GM aims to build Netflix-sized subscription business by 2030
General Motors said it expects its in-car subscription services to generate nearly $2 billion in revenue this year and will reach as high as $25 billion by the end of the decade, an amount the company said Wednesday will put it in the same league as Netflix, Peloton and Spotify.
The automaker has 1
‘Fantasy equity’ NFT game wants you to spend real money buying fake shares of real startups
The meme-ification of ownership and the wild acceleration of private startup valuations have led us to this moment where a former VC firm associate has built a crypto marketplace designed for “fantasy startup investing,” where users spend real money buying fake shares — in NFT for
OpenStack gains new momentum, as deployments increase during the pandemic
OpenStack, the open-source project that gives large enterprises and public cloud providers the tools to run their own AWS-like private clouds in their data centers, today announced the release of OpenStack 24. Codenamed Xena, the release focuses on polishing many of the system’s sharper edges
Driving AI innovation in tandem with regulation
The European Commission announced first-of-its-kind legislation regulating the use of artificial intelligence in April. This unleashed criticism that the regulations could slow AI innovation, hamstringing Europe in its competition with the U.S. and China for leadership in AI.
For example, Andrew Mc
With return of ‘Report a Problem’ on App Store, Apple invites public to help fight fraud
Apple is making a change to its App Store by returning the “Report a Problem” link to App Store product pages across iOS 15, iPadOS 15 and macOS Monterey devices. The link offers an easy way for users to report issues they’re having with an app, including whether it contains offen
Why emerging technology founders should tackle the hardest problems first
For the last decade, battery chemistry company Sila has been working to replace the graphite anode in lithium-ion batteries with silicon, a material that’s easier to come by, more environmentally friendly and allows for a battery cell that’s denser and cheaper.
In September, the company
GM to introduce new hands-free driver assistance system in 2023, starting with Cadillac
GM plans to roll out a new, more capable hands-free driving assistance system in 2023 that will be able to handle 95% of all driving scenarios and eventually be used on every paved road in the U.S. and Canada.
The automaker revealed the new Ultra Cruise system, along with some details on how it fun
UK publishes safety-focused rules for video-sharing platforms like TikTok
Video-sharing platforms that offer a service in the U.K. have to comply with new regulations intended to protect users and under-18s from harmful content such as hate speech and videos/ads likely to incite violence again protected groups.
Ofcom, the country’s comms, broadcast and — in a
BeeHero’s precision pollination platform wings its way to $19M in new funding
Move over, precision agriculture — precision apiculture is what’s on the minds of all future-focused farmers. BeeHero has been growing fast since its debut and seed round last year, and $19 million in new funding means it can scale beyond its initial markets and find more uses for its one-o
Facebook should cancel Instagram Kids, not put it on ‘pause’
In a blog post announcing plans to temporarily stop developing a new app targeted at children, Instagram head Adam Mosseri wrote, “the reality is that kids are already online, and we believe that developing age-appropriate experiences designed specifically for them is far better for parents t
A new US bill would force companies to disclose ransomware payments
A new proposed law would compel businesses in the U.S. to disclose any ransomware payments within 48 hours of the transaction.
The bicameral Ransom Disclosure Act, drafted by Sen. Elizabeth Warren and Rep. Deborah Ross, would mandate companies and organizations — though not individuals — to pro
GM says it will double revenue by 2030, take EV market share from Tesla
GM said Wednesday it will double its revenues by the end of the decade and take over the market share of EVs — a spot that Tesla currently enjoys — all while increasing profit margins for its internal combustion engine vehicles.
The ambitious goal, outlined during GM’s two-day investor
GM takes aim at Tesla's market share with growing portfolio of ‘really affordable EVs for people’
General Motors laid out its forthcoming EV portfolio at its investor event Wednesday, with the full-size electric pickup Chevrolet Silverado as the centerpiece, as the company seeks to gain market share in the increasingly crowded electric truck market.
While GM had previously announced the electri
YouTube removes R. Kelly’s official channels
YouTube has taken down R. Kelly’s official channels after the singer was convicted of sex trafficking. The RKellyTV and RKellyVevo channels no longer exist and Kelly will not be allowed to create or own any other channel on the platform, YouTube told Reuters. YouTube made the move in line wit