Tag: Business
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US opens probe into fatal Tesla crash into Texas home
WASHINGTON, June 22 : A U.S. agency on Monday said it is opening a new special crash investigation into the June 19 fatal crash of a Tesla Model 3 that struck a Katy, Texas, home allegedly using an advanced driver assistance system that fatally injured a 76-year-old woman.Since 2016, the National Highway Traf
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Workday must face California lawsuit over AI bias in job screening tools
June 22 : Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. U.S. District Judge Rita Lin in San
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Oracle workforce shrinks by about 13%
June 22 : Oracle’s total workforce declined by about 13 per cent, or 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption of AI across its operations.The company had a total workforce of 141,000 as of May this year, compared with ab
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US FAA taps ASI for software overhaul to improve flight schedules, cut delays
WASHINGTON, June 22 : The Federal Aviation Administration said on Monday that it has awarded an $875 million, 12-year contract to Air Space Intelligence to overhaul U.S. flight scheduling to improve how flights are managed.The FAA will use a new system to ensure adequate capacity for air traffic demand and pr
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US House committee reaches bipartisan deal on social media rules for youth
WASHINGTON, June 22 : U.S. House Energy and Commerce Committee leadership agreed on legislation that would require social media platforms to provide “safeguards and tools” for minors and parents, according to a statement on Monday, a key step in a years-long debate over how to protect children online. Chairm
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Micron, Anthropic sign AI infrastructure supply agreement
June 22 : Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply of memory and storage products, and a strategic investment in the IPO-bound AI company’s latest funding round.AI developers are racing to secure critical components for increasingly expensive data-center
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AI startup Reflection signs computing power deal with SpaceX
June 22 : Reflection AI said on Monday it has signed a deal with SpaceX that will grant the startup access to additional computing capacity at the Elon Musk-led company’s Colossus 2 data center.Under the agreement, the open-source AI startup will get immediate access to Nvidia GB300s, AI chips used to train a
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US House committee reaches bipartisan agreement on social media rules for youth
WASHINGTON, June 22 : The U.S. House Energy and Commerce Committee reached a bipartisan agreement on regulating youth social media use, the committee’s leaders said in a statement on Monday, a key step in the debate in Washington over how to hold technology companies accountable for the impact of their platforms on
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US tech megacaps slide as SpaceX extends slump, AI expense concerns grow
June 22 : Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns.SpaceX slid over 10 per cent after last week’s blistering post-IPO rally. The
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Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say
NEW YORK, June 22 : Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to two people familiar with the matter, in what would be one of the largest IPOs by a European company this year
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