tesla Tesla's Massive Hertz Order Shifts the Electric Vehicle Landscape Hertz purchases 100,000 Tesla vehicles for $4.2 billion, marking the largest electric vehicle rental fleet deal to date. The agreement gives Tesla a unique advantage as traditional automakers struggle with inventory shortages.
facebook Facebook Reveals Project Cambria, a Premium VR Headset for the Metaverse Facebook unveils Project Cambria, a high-end VR headset featuring advanced eye-tracking and mixed-reality capabilities. The premium device arrives next year at a higher price point than the Quest 2.
meta Meta Quietly Retires Oculus Brand Despite Promises of No Changes Shortly after Mark Zuckerberg promises that existing brands will not change during the Meta rebrand, the company announces it is killing off the Oculus name. The Oculus app and Oculus Quest headset will both adopt the Meta name early next year.
facebook Facebook Renames Itself Meta to Pursue Virtual Reality Future Facebook Inc. changes its corporate name to Meta as CEO Mark Zuckerberg shifts the company's focus toward building the metaverse. This rebrand reflects a new emphasis on augmented and virtual reality experiences that connect people across shared digital spaces.
document ai New Survey Explores the Rapid Evolution of Document AI Technology A comprehensive new paper reviews the progress of Document AI, highlighting how deep learning transforms the way computers read and analyze business documents. The researchers detail key models, benchmark datasets, and the shift from early rule-based systems to modern pre-training methods.
amazon web services Amazon Web Services Accelerates Cloud Growth in Third Quarter Amazon Web Services surpasses analyst expectations with nearly 39% revenue growth, driven by ongoing pandemic-fueled cloud adoption. The cloud unit generates the majority of Amazon's operating income despite the parent company's weaker overall guidance.
facebook Facebook Parent Company Rebrands to Meta Amid Metaverse Push Facebook's parent company officially changes its name to Meta as CEO Mark Zuckerberg shifts focus toward building a virtual reality metaverse. The rebranding follows weeks of damaging public relations crises and internal document leaks.
alphabet Alphabet and Microsoft Stock Hit Record Highs After Strong Q3 Earnings Alphabet and Microsoft surge to record stock prices after both tech giants report third-quarter earnings that easily beat analyst expectations. The impressive results highlight the resilience of the top tech companies amid ongoing supply chain and inflation concerns.
cruise GM Exec Confirms Cruise Robotaxis Ready for Commercial Launch Next Year General Motors CEO Mary Barra expresses strong confidence that Cruise removes human drivers from its vehicles in 2022 to launch commercial robotaxi services. The company stands just one state-level permit away from charging passengers for driverless rides in San Francisco.
facebook Facebook's Algorithm Change Prioritized Engagement Over User Well-Being Internal documents reveal that Facebook's shift to "meaningful social interactions" fuels polarizing content. The company's own researchers warn that this algorithm update actively harms users.
cruise GM Expects Fully Driverless Cruise Robotaxis to Launch in 2022 General Motors CEO Mary Barra expresses strong confidence that Cruise will remove human drivers from its vehicles in 2022 as it prepares for early commercial operations. The company currently waits on just one final state permit to begin charging for driverless rides in San Francisco.
microsoft Microsoft and Alphabet Defy Big Tech Gloom With Strong Revenue Growth Microsoft and Alphabet easily beat Wall Street revenue expectations, proving that digital demand continues to fuel the tech giants. Azure and Google Cloud lead the impressive quarterly gains.
smart eye Smart Eye Buys iMotions in $46.6M Deal Signaling DMS Industry Consolidation Smart Eye acquires human behavior software company iMotions for $46.6 million to expand its driver monitoring capabilities. This latest purchase highlights a rapid consolidation trend among DMS suppliers driven by new European regulations and rising automaker demand.
youtube Lawmakers Grill YouTube and Snapchat Over Conflicting App Store Age Ratings YouTube and Snapchat face tough questions from a Senate committee about why their apps receive different age ratings across Apple and Google app stores. The inconsistency leaves parents confused about what content is appropriate for their teenagers.
facebook Facebook Papers Reveal Internal Struggles With User Safety Leaked internal documents show Facebook prioritizes growth over user safety despite knowing its platforms cause harm. The revelations come from whistleblower Frances Haugen, who exposes the company's internal research.