Tesla considers a blockbuster merger with SpaceX amid a profit slump, while Meta faces a massive legal penalty and US tech firms navigate growing regional AI policy challenges.
Key Points
Tesla is reportedly exploring a merger with SpaceX, a move that would consolidate Elon Musk's major holdings into a multi-trillion-dollar enterprise as the automaker's profit drops 43% due to heavy AI spending.
Meta has been ordered to pay a historic $25 billion civil penalty to the state of New Mexico following a consumer deception trial related to the Cambridge Analytica data privacy scandal.
General Motors is accelerating its artificial intelligence integration to keep pace with rapid advancements from Chinese competitors, aiming to introduce 'eyes-off' autonomous driving within two years.
Global web infrastructure faced significant disruptions as critical security vulnerabilities were exposed in PHP, prompting urgent shutdowns across various government and corporate websites worldwide.
EU tech regulators have launched an investigation into Booking.com to ensure compliance regarding the elimination of fraudulent listings and phishing scams on the reservation platform.
Tesla announced a strategic agreement to integrate Ant Group's Alipay payment software into its electric vehicles in China, enhancing its localized smart features amidst intensifying market competition.
Energy markets and regional stability remain tense after a drone intercepted near Saudi Aramco's Shaybah oilfield resulted in casualties, prompting the US State Department to order non-essential embassy staff to leave Saudi Arabia.
Airbnb has sparked substantial backlash and threats of host strikes by updating its policies to limit the chores guests are required to perform during their stays.