AWS re:Invent 2024: What to expect and how to watch Amazon’s biggest event of the year

Amazon Web Services’ (AWS) biggest conference of the year has begun, and all signs point to it being an eventful one. AWS re:Invent 2024 kicked off in Las Vegas on Sunday, with sessions scheduled to run through December 6. A keynote address featuring AWS CEO Matt Garman marks the start of tod

Intel’s ex-CEO Pat Gelsinger set to net $10M in severance pay

Intel’s newly departed CEO Pat Gelsinger could be walking away with just over $10 million in severance pay. As per a filing with the Securities and Exchange Commission (SEC) today, Intel and Gelsinger entered into a “retirement and separation agreement” that will entitle the form

UK antitrust suit hits Microsoft with claim for $1.25B in cloud fees damages

Microsoft is in the crosshairs of a U.K. competition class action-style lawsuit that’s seeking £1 billion (around $1.25 billion at current exchange rates) in damages. It revolves around accusations related to fees the software giant charged businesses and other organizations for licensing Wi

US agency proposes new rule blocking data brokers from selling Americans’ sensitive personal data

The Consumer Financial Protection Bureau (CFPB) has proposed a new rule that would block data brokers from selling personal and financial information on Americans, including their Social Security numbers and phone numbers, under the Fair Credit Reporting Act (FCRA).  In proposing the new rules, m

Orakl Oncology combines data and biology to bring new drugs to cancer patients

Cancer incidence is on the rise, particularly among younger adults, but most new drug compounds fail to progress through clinical trials. According to French entrepreneur Fanny Jaulin (on the right in the picture above), the problem lies with clinical trial design.  “Just because a drug isn

KPay, a financial management platform for SMEs, raises $55M Series A

Sometimes, the easiest way to find a great idea for a startup is to look beyond the current problem you’re solving for your customers. That’s exactly what worked for the founders of KPay. Davis Chan and his co-founders previously helped small and medium-sized merchants optimize their r

The race is on to make AI agents do your online shopping for you

Millions of Americans will pop open their laptops to buy gifts this holiday season, but tech companies are racing to turn the job of online shopping over to AI agents instead. Perplexity recently released an AI shopping agent for its paying customers in the United States. It’s supposed to na

Judge confirms decision to sink Elon Musk’s $56B pay package despite Tesla shareholder vote

Delaware Chancery court judge Kathaleen McCormick has denied Tesla’s request to revise her decision to strike down CEO Elon Musk’s $56 billion pay package — despite shareholders voting at the company’s annual meeting this year to “re-ratify” the deal. Her decision,

Threads takes on Bluesky with more advanced search

Meta’s X competitor Instagram Threads is gaining an improved search interface, the company announced on Monday. The app, which offers a Meta-run alternative to Elon Musk’s X, but built on top of Instagram’s social graph, is rolling out a new way to search for specific posts, allow

FTC fines online retailer Goat $2M over deceptive ‘Instant’ and ‘Next Day’ orders

The U.S. Federal Trade Commission (FTC) has ordered Goat, an online marketplace for sneakers and apparel, to pay more than $2 million to consumers over illegal shipping practices. The FTC also alleges that Goat fails to honor its “Buyer Protection” policies. In a complaint, the agency

GM offloads its stake in EV battery factory to joint venture partner LGES

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy Solution (LGES). GM's step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administrati

AWS bets on liquid cooling for its AI servers

It’s AWS re:Invent 2024 this week, Amazon’s annual cloud computing extravaganza in Las Vegas, and as is tradition, the company has so much to announce, it can’t fit everything into its five (!) keynotes. Ahead of the show’s official opening, AWS on Monday detailed a number o

Coinbase now lets you buy crypto with Apple Pay in third-party apps

Coinbase announced an integration with Apple Pay on Monday, allowing app makers to build the ability to buy crypto with Apple Pay directly into their apps. The integration is part of Coinbase Onramp, which gives app makers a way for customers to turn their traditional currencies, such as USD, into

Russian government confirms rare criminal charges against ransomware hacker

The Russian government has confirmed the indictment of a 32-year-old resident, who authorities accuse of creating and launching ransomware attacks. Russian prosecutors said last week that they charged the unnamed hacker, who lives in the Russian province of Kaliningrad, with the creation of ransomw