On Wednesday, South Korea’s transport ministry stated, it has launched an investigation into suspected safety issues with U.S. electric vehicle maker Tesla Inc, a strong competitor to Hyundai Motor Co in the South Korean EV market. In a statement, officials from the transport ministry said, steering, braking and the Autopilot function were part of the…

China’s global ambitions, projected through its tech champion Huawei Technologies, has started to dim. Huawei’s new company campus in southern China, houses replicas of many European cities underscoring their importance to Huawei’s founders. The same theme is reflected in the Beijing headquarters of TikTok wherein the walls are plastered with posters including a cover of…

In yet another development that marks a regulator launching proceedings against Alphabet’s Google Inc, Australia’s competition authority has begun court proceedings against the search engine giant alleging that it misleads consumers about the expanded use of personal data for targeted advertising purposes. In a federal court, the Australian Competition and Consumer Commission (ACCC) said, Google…

According to a EU draft document, the bloc will limit the export of technology that may be used for repression or surveillance to Hong Kong following China imposing its draconian security law on the territory. In what will be the first step by the European Union, the EU expressed “grave concern” over the sweeping national…

A privacy watchdog from the European Union has warned, companies who are typically transfer data to the United States must revert to new arrangements with immediate effect. The development comes in the wake of the Privacy Shield transatlantic pact being declared invalid last week. The lack of a grace period in the court’s ruling means…

In a significant development, Intel Corp stated, its new 7-nanometer chip technology is running six months behind schedule and that it may considering outsourcing more work to other semiconductor foundries, eroding a founding principle that manufacturing is key to its success. With the news reaching the market, Intel’s shares fell by 9%. Although the setback…

Going by documents obtained a tech watchdog group, many U.S. states are investigating Apple Inc’s trade practices, including a potential deception of its products to consumers. According to the Tech Transparency Project, the attorney general of Texas could potentially sue Apple for violating the state’s deceptive trade practices law in connection with the multi-state investigation,…

In a significant development, the U.S. Patent and Trademark Office has rejected arguments by Moderna that an Arbutus patent, known as the ‘069’ patent should be revoked since it described obvious concepts. With the news reaching the market, Moderna Inc’s shares fell by nearly 10%. Arbutus shares more than doubled to $6.20 on Nasdaq. Moderna…

Late on Wednesday, Tesla Motor’s CEO, Elon Musk announced that the company will build its $1.1 billion Cybertruck factory near Austin, Texas. Tesla’s 2,000 acre site on the Colorado River is around 13 minutes away from downtown Austin, said Musk in a second quarter earnings call. “It’s going to be an ecological paradise … open…

Bloomberg News has reported citing sources familiar with the matter at hand as saying, SoftBank owned Arm Holdings Ltd is drawing takeover interest from Nvidia Corp. Neither SoftBank nor Nvidia immediately responded to requests for comment. Arm declined comment. According to a report from the Wall Street Journal, SoftBank, which acquired Arm Holdings Ltd in…