US to review petition seeking formal defect probe into 500,000 Tesla vehicles

Friday, 17 January 2020

The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc models over sudden unintended acceleration reports.The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles the agency said. The petition cites “127 consumer complaints to NHTSA involving 123 unique vehicles. The reports include 110 crashes and 52 ...

Google parent Alphabet valuation hit $1 trillion

Friday, 17 January 2020

Google’s parent company Alphabet saw its value reach $1 trillion for the first time Thursday, becoming the fourth US tech company to hit the milestone. Shares in the online giant rose 0.76 percent for the day to reach the trillion-dollar mark at the close of trade. The Silicon valley group joins Apple, which first reached $1 trillion in 2018 and on Thursday showed a valuation of some $1.38 trillion; and Microsoft, now valued at some $1.26 trillion. Another tech titan, Amazon, rose above ...

Video streaming service Shahid partners with Disney, Fox, Spotify

Thursday, 16 January 2020

Shahid, a video streaming and TV catch-up service in the Middle East and North Africa region announced partnerships with Disney, Fox, and Spotify for exclusive content. The Disney and Fox partnerships will provide around 3,000 additional hours of entertainment to the streaming platform, with a partnership with Spotify likely to offer music services on the horizon. MBC, the largest private free-to-air broadcasting company in the Middle East and owner of Shahid, announced the new partnerships ...

Toyota investing $400 million in flying car company

Thursday, 16 January 2020

Japanese car giant Toyota said Thursday it is investing nearly $400 million in a company working on commercializing electric flying cars for “fast, quiet and affordable air transportation services.”The investment in Joby Aviation comes as the automaker looks to expand into new sectors as the industry rapidly transforms, with President Akio Toyoda pledging to move the firm “from a car manufacturer to a mobility company.”“Air transportation has been a long-term goal ...

Pinterest pops past Snapchat in US

Wednesday, 15 January 2020

Shares in Pinterest popped on Tuesday after a market tracker reported that the online bulletin board surpassed Snapchat to become the third most used social media platform in the US.Pinterest’s user base grew slightly more than nine percent to 82.4 million US users last year, topping Snapchat’s 80.2 million users, according to the research firm eMarketer.The growth spurt would make Pinterest the number three US social platform behind Facebook and its Instagram unit.“While ...

Music streaming app Anghami is said to weigh sale among options

Sunday, 12 January 2020

Middle Eastern music streaming service Anghami is assessing its options for the business, including a potential sale to Dubai-based pay TV network Orbit Showtime Network, according to people familiar with the matter.Anghami, Arabic for “my tunes,” could be valued at as much as $400 million if a deal goes ahead and several conditions are met, the people said, asking not to be identified as the discussions are private.The company is also considering hiring investment bank JPMorgan ...

Boeing says no severance package for ousted CEO Muilenburg

Saturday, 11 January 2020

Former Boeing Chief Executive Dennis Muilenburg, who was criticized for his handling of the 737 MAX crisis, will receive no severance package, the company disclosed Friday.Muilenburg also will not garner 2019 compensation under an annual bonus plan, the company said in a securities filing.Muilenburg was ousted last month as the grounding of the MAX has dragged on after two deadly crashes.

Bahrain’s Gulf Air reroutes several flights to avoid Iranian airspace

Saturday, 11 January 2020

Bahrain’s state carrier Gulf Air has re-routed flights away from Iranian airspace as a safety precaution, said an airline spokesman on Friday. “Gulf Air continues to monitor the situation closely. The continued safety of our passengers and crew is our utmost priority,” he said. Several airlines have canceled flights and re-routed others away from Iraqi and Iranian airspace since Wednesday’s Iranian missile strike on US-led forces in Iraq.

Facebook to remove deepfake videos in run-up to 2020 US election

Tuesday, 7 January 2020

Facebook said it will remove deepfakes and other manipulated videos from its platform if they have been edited, but not content that is parody or satire, in a move aimed at curbing misinformation ahead of the US presidential election.The social media giant would also remove misleading media if it was a result of technologies like AI that “merges, replaces or superimposes content on to a video, making it appear to be authentic”, it said in a blogpost dated January 6.Last year, ...

Hyundai to make flying cars for Uber air taxis

Tuesday, 7 January 2020

Hyundai announced Monday it would mass produce flying cars for Uber’s aerial rideshare network set to deploy in 2023.The South Korean manufacturer said it would produce the four-passenger electric “vertical take-off and landing vehicles” at “automotive scale,” without offering details.The deal announced at the Consumer Electronics Show in Las Vegas could help Uber, which is working with other aircraft manufacturers, to achieve its goal of deploying air taxi service ...

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