Jack Dorsey, co-founder of the American social platform Twitter (now X) and CEO of fintech company Block Inc., has launched a beta version of the decentralized messaging app Bitchat, which operates through Bluetooth networks, according to CNBC. Bitchat operates without the need for the Internet, central servers, phone numbers, or email. Dorsey noted on X that this is his individual...

Toyota Motor of Japan started building a factory for Lexus electric vehicle production in Shanghai on Friday, according to Xinhua News Agency. The site, situated in the Jinshan District of Shanghai, will also feature a battery development and manufacturing center.  The facility is anticipated to start manufacturing vehicles in 2027. Its starting capacity will be 100,000 vehicles...

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....