Breaking News

GM self-driving car subsidiary withheld video of a crash, California DMV says | CNN Business

[ad_1] CNN  —  The California Department of Motor Vehicles Tuesday revoked Cruise’s permits to test and operate fully driverless vehicles on the state’s roads. The California DMV said, in part, it was because Cruise, which is GM’s self-driving vehicle technology subsidiary, withheld video and information about a crash involving a pedestrian. The suspension applies only […]

Breaking News

Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback | CNN Business

[ad_1] New York CNN  —  Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season with strong sales results for the quarter ended in September. Google parent company Alphabet on Tuesday reported quarterly sales of $76.69 billion, up 11% from the same period in the prior […]

Breaking News

Rite Aid files for bankruptcy | CNN Business

[ad_1] New York CNN  —  Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise. Its bigger rivals, CVS and Walgreens, are also […]

Breaking News

Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft | CNN Business

[ad_1] New York CNN  —  Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft. Dollar General shares tumbled nearly 17% in pre-market trading Thursday. The discount store’s challenges are yet another sign of American consumers pulling back on shopping […]

Politics

Ex-Trump Org. executive testifies that Eric Trump led him to inflate values of some properties | CNN Politics

[ad_1] CNN  —  The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties. Jeff McConney, also a co-defendant of former President Donald Trump, Eric Trump and Donald Trump Jr., testified Friday as the first week of the civil […]

Technology

Regulators give green light to driverless taxis in San Francisco | CNN Business

[ad_1] CNN  —  California regulators gave approval Thursday to two rival robotaxi companies, Cruise and Waymo, to operate their driverless cars 24/7 across all of San Francisco and charge passengers for their services. The much-anticipated vote, which followed roughly six hours of public comment both for and against driverless taxis, came amid clashes between the […]

Technology

LinkedIn is cutting more than 650 jobs | CNN Business

[ad_1] New York CNN  —  LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday. In a blog post, the social media site for professionals said it is making changes to its organizational structure and streamlining its decision making. […]

Technology

Illinois passes a law that requires parents to compensate child influencers | CNN Business

[ad_1] CNN  —  When 16-year-old Shreya Nallamothu from Normal, Illinois, scrolled through social media platforms to pass time during the pandemic, she became increasingly frustrated with the number of children she saw featured in family vlogs. She recalled the many home videos her parents filmed of herself and her sister over the years: taking their […]

Technology

GM’s Cruise slashed fleet of robotaxis by 50% in San Francisco after collisions | CNN Business

[ad_1] CNN  —  California authorities have asked General Motors to “immediately” take some of its Cruse robotaxis off the road after autonomous vehicles were involved in two collisions – including one with an active fire truck – last week in San Francisco. California’s Department of Motor Vehicles confirmed to CNN that it is investigating “recent […]

Technology

T-Mobile to lay off 5,000 employees | CNN Business

[ad_1] New York CNN  —  T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks. The reductions will largely affect corporate and back-office jobs that are “primarily duplicative” to other roles and will reduce the company’s middle management layers, CEO Mike Sievert […]

Technology

Google launches watermarks for AI-generated images | CNN Business

[ad_1] New York CNN  —  In an effort to help prevent the spread of misinformation, Google on Tuesday unveiled an invisible, permanent watermark on images that will identify them as computer-generated. The technology, called SynthID, embeds the watermark directly into images created by Imagen, one of Google’s latest text-to-image generators. The AI-generated label remains regardless […]

Technology

6 takeaways from Apple’s iPhone 15 event | CNN Business

[ad_1] CNN  —  Apple unveiled its iPhone 15 lineup along with other major updates during its September keynote event on Tuesday. The company announced it will switch to USB-C charging from its proprietary Lightning charging cable with the iPhone 15, marking a milestone for the company by adopting universal charging. The change aims to ultimately […]