Meta’s tracking ads business could be facing further legal blows in the European Union: An influential advisor to the bloc’s top court affirmed Thursday that the region’s privacy laws limits on how long people’s data can be used for targeted advertising.In the non-legally binding opinion, Advocate General Athanasios Rantos said use of personal data for advertising must be limited.This is important because Meta’s tracking ads business relies upon ingesting vast amounts of personal data to build profiles of i ...

Nvidia is acquiring Run:ai, a startup that makes it easier for developers and operations teams to manage and optimize their AI infrastructure, for an undisclosed sum.Ctech reported earlier this morning the companies were in “advanced negotiations” that could see Nvidia pay upwards of $1 billion for Run:ai. Evidently, those negotiations went well.Nvidia says that it’ll continue to offer Run:ai’s products “under the same business model” for the immediate future, and invest in Run:ai’s product roadmap as part ...

Block, the company behind Square, Cash App and other services, announced a new program today allowing merchants using Square’s solutions to convert a percentage of their daily sales to bitcoin.The feature, rolling out in the U.S. starting today, will transfer 1-10% of Square sellers’ daily sales to their personal Cash App account. This amount will convert into bitcoin at the end of the day. Merchants will receive a confirmation of the conversion when the transaction is complete.Block said that the bitcoin c ...

Spotify said today that it has submitted a new version of its app for EU users with pricing information and basic site information. Critically, the version doesn’t contain the link to the website.The music streaming company said it is not opting into Apple’s new DMA changes that charge a “platform fee” for developers with more than 1 million annual downloads.The company said that the new update features bare minimum details that are in line with the European Commission’s ruling.“Despite Apple’s attempts to ...

Tesla’s been undergoing some major changes, and now we have a sense of why: the company says it is upending its product roadmap because of “pressure” on EV sales.The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is to be believed — and that’s a big bet considering his track record with timelines — possibly as early as the end of 2024.The shock announcement sent the company’s stock soaring more than 11% in after-ho ...

Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy continued to cut into the automaker’s bottom line. The results, posted after markets closed Tuesday, sent shares up 7% immediately following the release. Tesla reported revenue of $21.3 billion in the first quarter, an 9% drop from the first quarter of 2023.Analysts polled by Yahoo Finance expected earnings of $0.51 per share on $22.15 billion in revenue.The company said in it ...

Tesla has officially revealed a new Performance variant of the recently-refreshed Model 3 sedan as the company looks to fight off receding demand.The new version of the Model 3, which starts at $52,990, has a new active damping system and adaptive suspension for better handling and comfort, 296 miles of battery range and can travel from 0 to 60 miles per hour in 2.9 seconds with 510 horsepower on offer.Compared to the previous Model 3 Performance, the new version has 32% more peak power and 16% more peak to ...

Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk, who is making more moves to go “balls to the wall for autonomy.”Tesla is expected to report earnings after markets close Tuesday. The company’s earnings call is scheduled for 5:30 pm ET.Tesla shares rose Tuesday morning more than 2% ahead earnings, a brief rosy sign amid an otherwis ...

Amazon launches a new grocery delivery subscription in the U.SAmazon said today that it has launched a new grocery delivery subscription for Prime Members and customers with an EBT (Electronic Benefit Transfer) in the U.S. across 3,500 cities and towns.The company started testing grocery delivery in three locations last year, including Denver, Colorado; Sacramento, California; and Columbus, OhioThe subscription costs $9.99 per month for Amazon Prime users and $4.99 per month for Amazon-registered EBT card h ...

Rivian is offering discounts up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs.The deal, which kicked off April 22, is aimed directly at some of the best-selling and most ubiquitous gas-powered trucks and SUVs on the market today, including the Ford F-150, Toyota Tacoma and Jeep Wrangler. Rivian is even going after German automakers Audi and BMW. The price cut varies between $1,000 and $5,000 depending on the model. Rivian is offering ...