Volvo Cars secured a special exemption from the U.S. Department of Commerce allowing it to continue importing and selling vehicles with Chinese-connected technology despite new U.S. rules targeting Chinese tech over security concerns. The rules, effective from 2027 model-year vehicles, ban cars with software and hardware developed by Chinese companies. Volvo, majority owned by China's Geely, was at risk due to its Chinese ties but obtained approval after discussions on governance and data security. This clearance enables Volvo to proceed with expanding production in the U.S., including new models at its South Carolina factory.
Shares of Genius Group surged 83.72% in after-hours trading following the announcement of its new AGI Infinity Portfolio, targeting up to $100 million in investments in AI, robotics, and space companies. The portfolio includes stakes in notable pre-I...
Computacenter PLC, a UK-based technology services provider, is acquiring Government Acquisitions Inc (GAI), a US federal government IT reseller, for up to $92 million. The acquisition, expected to close on June 1, marks Computacenter's entry into the...
Pennsylvania has filed a lawsuit against Character Technologies, the maker of Character.AI, seeking an injunction to stop its AI chatbot from falsely claiming to be a licensed psychiatrist. The AI persona named Emilie claimed to have medical credenti...
ASPEED Technology and Lattice Semiconductor have partnered to create the AST1840 Satellite Management Controller, integrating FPGA technology into server management. This new device combines platform management with programmable control, allowing dat...
Kraken has introduced Bitcoin Vault, a new product allowing Bitcoin holders to earn up to 2.5% annual returns by channeling BTC deposits into DeFi lending platforms like Aave, Morpho, and Tydro through a wrapped token called kBTC. This non-custodial ...
