Meta to Unveil Camera-Free Smart Glasses Amid Rising Privacy Concerns
Meta Platforms is expected to unveil new smart glasses at its annual Connect conference on Wednesday, including camera-free models, as concerns grow over privacy and covert recording. The company, which partnered with EssilorLuxottica to...
McDonald’s Unveils $8.5 Billion Franchisee Support Plan to Revive Growth
McDonald’s on Wednesday announced an $8.5 billion franchisee support plan as part of its expanded growth strategy, NEXT, aimed at reviving momentum after several quarters of slower performance. Launched in June, the strategy focuses...
Verizon Invests $70 Million in Nationwide AI Training Initiative
Verizon announced on Wednesday that it is investing $70 million in a nationwide initiative to provide artificial intelligence (AI) training to job seekers, small businesses and educators as the U.S. economy undergoes a major...
Geely Unveils Four-Minute EV Charging Technology in Challenge to BYD
China’s Geely on Wednesday unveiled an ultra-fast electric vehicle (EV) charging system capable of charging a vehicle in as little as four minutes, intensifying its technology competition with rival BYD. The company also introduced...
Banks Warn of AI Shopping Agents’ Fraud and Privacy Risks
Banks including NatWest and Bank of America have warned that the growing use of artificial intelligence (AI) agents for online shopping could increase the risk of scams, fraud and data-privacy breaches. In a report...
Accelevation Targets $5.37 Billion Valuation in US IPO
Accelevation, a data centre infrastructure company backed by private equity firm Olympus Partners, is targeting a valuation of up to $5.37 billion in its US initial public offering (IPO), joining a growing wave of...
Binance Buys $100 Million Stake in Circle, Deepening USDC Partnership
Circle said on Tuesday that Binance has purchased a $100 million stake in the stablecoin issuer, strengthening the cryptocurrency exchange’s ties with the company behind USDC, a major US dollar-pegged digital token. Circle shares...
DoorDash Settles NYC Worker Pay Probe for $131.5 Million
DoorDash has agreed to a $131.5 million settlement with New York City over allegations that it underpaid delivery workers or delayed their payments. The agreement with the Department of Consumer and Worker Protection includes...
Meta’s AI Agent Muse Sparks Wall Street Optimism Over New Revenue Stream
Wall Street is growing bullish on Meta Platforms as its newly launched AI agent, Muse, raises expectations of a potential new revenue stream and expanded AI monetization opportunities. Launched on September 8, Muse can...
Tesla Faces Major Trial Over Alleged Racial Discrimination at California Plant
Tesla is set to face trial on Monday in Oakland over allegations of widespread racial discrimination against Black workers at its flagship Fremont, California, assembly plant. The lawsuit, filed in 2022 by the California...