Edward

Feds commit $50 million to for-profit nuclear fusion companies

A picture shows the winding facility for the construction of poloidal field coils which will be part of the magnetic system that will contribute to confine and model plasma during the launch of the assembly stage of nuclear fusion machine “Tokamak” of the International Thermonuclear Experimental Reactor (ITER) in Saint-Paul-les-Durance, …

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Netflix opening video game studio in Finland

Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images Netflix said Monday it will be opening an internal game studio in Finland. This is the company’s first push into internal game development since streaming giant entered the …

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Eight states file action against Nexo crypto lending platform

New York State Attorney General Letitia James speaks at a news conference after former U.S. President Donald Trump’s White House chief strategist Steve Bannon arrived to surrender, in New York, U.S., September 8, 2022. Caitlin Ochs | Reuters Eight states announced on Monday they’re bringing actions against the crypto lending …

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Facebook and Instagram users can now easily switch between accounts

In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Meta said Monday it’s testing new features intended to help people easily manage their Facebook and Instagram accounts through one interface. The new …

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How Bryan Lourd became one of the most powerful people in Hollywood

Bryan Lourd speaks onstage during the Lincoln Center American Songbook Gala honoring Bonnie Hammer at Broadway Theatre on January 29, 2020 in New York City. Slaven Vlasic | Getty Images Entertainment | Getty Images After shocking the corporate world last year with the news Discovery Communications would merge with WarnerMedia, …

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Walmart enters the metaverse with Roblox

Walmart is entering the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a blimp that drops toys, a music festival with hot artists, a bunch of different games, and a store of virtual merchandise, or “verch,” …

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TikTok may face $29 million UK fine for failing to protect kids’ privacy

While ByteDance is best known for its viral social media app TikTok, the Beijing-based company is now bolstering its ability in semiconductor design. ByteDance won’t be manufacturing chips to sell to others, but it will be designing semiconductors that it requires for specific applications internally. Artur Widak | Nurphoto | …

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China extends EV tax break; Li Auto shares fall after delivery outlook cut

Li Auto warned that “supply chain constraint” would mean the company will deliver fewer cars than expected in the third quarter. Meanwhile, China has extended a tax exemption for new energy vehicles until the end of 2023 as it looks to spur growth for electric cars. CFOTO | Future Publishing …

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Apple starts manufacturing the iPhone 14 in India

A view of the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, September 7, 2022. Carlos Barria | Reuters Apple said Monday it is assembling its flagship iPhone 14 in India as the U.S. technology giant looks to shift some production away from China. “The …

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Amazon’s second Prime Day sale will take place Oct. 11-12

Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon is hosting another Prime Day-like deal bonanza next month, marking the first time it will hold two such events in the …

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