China's Contemporary Amperex Technology Co. (CATL), the global manufacturer of electric vehicle batteries, intends to launch its recycling and rapid-swapping battery technology in Europe, according to the Financial Times. Li Jiang, the board secretary of CATL, informed the newspaper that fast-swapping batteries hold significant promise in Europe for lowering costs and prolonging the lifespan of...

Tesla has launched updated versions of its luxury sedan Model S and SUV Model X, increasing the prices for all configurations by $5,000, according to MarketWatch. The company stated on the X social network that both models feature a revised wheel and suspension design, among other updates, along with enhanced noise reduction. Furthermore, the Model X offers greater room in the third row and...

Film studios Disney and Universal have initiated legal action against Midjourney, alleging that the AI firm permits its image generation service to produce replicas of their protected characters. The complaint, submitted on Wednesday in the U.S. District Court for the Central District of California, references images produced by Midjourney's neural network depicting characters like Darth Vader...

Chinese company DeepSeek has launched an updated version of its innovative AI model R1. The version is released on Hugging Face, a platform that supports AI models. As per LiveCodeBench, a platform that assesses models based on various metrics, it closely follows the o4-mini and o3 models created by OpenAI. The first version of R1 was launched in January and triggered significant shifts in...

In 2024, losses due to financial fraudsters in the UK reached £1.2bn ($1.6bn), a figure that remains largely the same as last year, as stated in a report by the industry group UK Finance. Thefts involving authorized push payment (APP) schemes, in which victims directly send money to fraudsters' accounts, decreased by 2% to £450.7m. The reported incidents of this type of fraud decreased by...

U.S. graphics chip manufacturer Nvidia Corp. plans to establish a research and development (R&D) facility in Shanghai, writes the Financial Times. As per sources from the newspaper, Nvidia's CEO Jensen Huang talked about the proposal with the city's mayor Gong Zheng during a meeting in Shanghai in April. Nvidia is renting a new office in Shanghai to house existing employees with the possibility...

Japan's Mitsubishi Motors intends to begin selling electric vehicles created by Foxconn Technology in the latter half of 2026, according to The Wall Street Journal. Foxtron Vehicle Technologies, a division of Foxconn, has entered into a memorandum of understanding with Mitsubishi Motors to create and provide an electric vehicle for the markets of Australia and New Zealand, the firms announced....

Microsoft Corp. intends to enhance its cloud and AI infrastructure within the European Union to guarantee "digital stability amid geopolitical volatility." The firm plans to increase data center capacity in the EU by 40% within the next two years, as stated in its blog. Microsoft is enlarging data centers across 16 nations in Europe. The company stated that “these plans, along with newly...

The American firm OpenAI, known for creating the ChatGPT, is developing its own social network, aiming to be a counterpart to social network X, reports The Verge. As per its sources, the project remains in the initial phases, yet there is already a prototype developed internally. According to sources, OpenAI CEO Sam Altman has solicited input from external parties regarding the project. It's...