Vietnamese EV maker VinFast’s Nasdaq debut Tuesday was remarkable. The automaker, which went public after merging with Black Spade Acquisition, saw shares rise 68% to $37.06, valuing it at $86 billion, far above Ford, GM, and Stellantis. Wednesday was the real surprise. VinFast still had a market cap ahead of …
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X, formerly Twitter, now sorts posts by like counts instead of order when users log out. Social media profiles display posts, formerly tweets, in chronological order when logged in, but by performance when logged out. The change was noticed by 9to5Google. Since posts with more views but fewer likes appear …
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New York City is the latest city to ban TikTok to prevent Chinese security threats. The Verge reported the immediate ban, which requires agencies to remove the app from city-owned hardware within 30 days. NYC Cyber Command, which tracks cyber threats for the NYC Office of Technology and Innovation, recommended …
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OpenAI, the company behind ChatGPT, has acquired Global Illumination, a New York startup using AI to build creative tools, infrastructure, and digital experiences. It’s OpenAI’s first public acquisition in seven years. The deal’s terms were unknown. “We’re very excited for the impact they’ll have here at OpenAI,” the company wrote …
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U.S. and Australian government cybersecurity agencies warn that common security vulnerabilities in websites and web apps can be exploited to commit large-scale data breaches. CISA, the National Security Agency, and the Australian Cyber Security Centre warned Thursday that insecure direct object references (IDORs) allow hackers to access or modify sensitive …
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New research published Thursday provides an unprecedented look at political behavior on Facebook and Instagram, two major online platforms where people express and discuss their political views. Four Science and Nature papers by an interdisciplinary team of researchers and Meta internal groups examined behavior on both platforms around the 2020 …
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Volkswagen’s $700 million investment in China’s electric vehicle startup XPeng is this week’s auto industry news. This partnership could set a precedent for Western automakers looking to leverage Chinese firms’ EV expertise, while Chinese firms can benefit from their foreign allies’ global distribution. Volkswagen will produce two battery-powered models using …
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A few weeks ago, Uncork Capital announced that it had closed on $400 million in capital commitments for two new funds: $200 million for a seed-stage vehicle and $200 million for an opportunity-style fund that mostly supports startups in its portfolio. The funds are twice what Uncork raised in 2019 …
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AMD will invest $400 million in India over the next five years and open its largest design center in Bengaluru, joining the growing list of companies supporting India’s semiconductor manufacturing ambitions. At SemiconIndia 2023 in Gujarat, India, AMD CTO Mark Papermaster announced the chipmaker’s investment plans. “Our investment will build …
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Peacock has lagged behind streaming competitors. On Thursday, the streaming service reported a 9% increase in subscribers to 24 million from 22 million in its second quarter. Peacock trails Netflix, which added 5.9 million subscribers in the same quarter. Disney+ lost four million subscribers in Q2 2023, but its total …
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