Carmaker Volkswagen is set to dismiss all but one of the executive board members at its software division, Cariad, next week in an effort to address development issues. Cariad, established under former VW group CEO Herbert Diess, has exceeded its ...

Shopify is divesting its logistics division to supply chain technology company Flexport, the companies announced on Thursday. This decision marks a significant shift for Shopify, which had dedicated years to developing its own logistics and order-fulfillment infrastructure. The logistics unit ...

Netflix’s enforcement of stricter rules against account-sharing has reportedly led to a significant drop in subscriptions in at least one country where these measures have been implemented. According to data from market research firm Kantar, reported on Tuesday, Netflix lost ...

Alibaba Cloud, the cloud computing division of the Chinese tech giant Alibaba, announced on Tuesday that it will launch its own ChatGPT-like product, Tongyi Qianwen. This new AI product, which supports both Chinese and English languages, will first be deployed ...

Walmart plans to increasingly rely on automation in its stores over the coming years, but this will not reduce the size of the company’s workforce, according to statements made by company leaders during an investor event this week. The retail ...

TikTok has been fined £12.7 million by the UK’s data regulator for failing to safeguard the privacy of children. The Information Commissioner’s Office (ICO) found that TikTok permitted up to 1.4 million UK children under the age of 13 to ...

Japan and the United States have reached an agreement on the trade of critical minerals for electric vehicle batteries, aiming to secure supplies of strategically important resources. The deal, set to be signed later Tuesday, is expected to enable electric ...

Now that we have become accustomed to doing nose swabs for COVID-19 tests, we will soon have the option to test for the flu simultaneously. The Food and Drug Administration has authorized the first over-the-counter at-home test that can detect ...

Alibaba reported earnings for its fiscal third quarter that exceeded expectations, resulting in a 6% increase in its U.S.-listed shares. The company has seen a significant decline in value, with around $600 billion wiped off since its peak in October ...

Carlos Watson, the founder and CEO of the beleaguered Ozy Media, was arrested and charged with fraud this week, according to federal court records. Watson was indicted on charges of “engaging in a scheme to defraud OZY’s investors, potential investors, ...