Tech
The latest tech news is always changing as hi-tech firms continually release new data, mobile gadgets and software, Find out about new AI, VR, robotics, gaming, fintech and other hot technology topics as the announcements are made and as the latest developments happen. Don’t let yourself fall behind as this industry races forward.
Elon Musk’s Tweet About Taking Tesla Private Just Cost $40 Million in Fines
Elon Musk and Tesla must each pay a $20 million fine for the CEO’s tweet regarding taking the company private and securing funding, and Musk will step down as company chairman.
Facebook Takes a Hit as Instagram Co-Founders Suddenly Quit
Instagram co-founders, CEO Kevin Systrom and CTO Mike Krieger have suddenly resigned, adding to Facebook’s struggles after WhatsApp CEO Jan Koum also quit.
Penny Hughes Named First Aston Martin Female Chair
Aston Martin has appointed Penny Hughes its first female chair just as it prepares for a £5 billion stock market flotation on the London Stock Exchange.
Netflix and Amazon Prime Dropped £150m on UK-Made Shows in 2017
PACT survey data showed Netflix and Amazon Prime are a driving force behind a record £2.7B in UK television production industry revenues.
Theresa May Vows a Galileo Alternative Will Replace Satnav Post-Brexit
British Prime Minister Theresa May has pledged £92 million toward a sovereign UK satellite navigation system in a play to pressure the EU to give the UK full access to Galileo.
Toyota Announces £387 Million Investment into Uber Driverless Vehicles
Toyota has invested £387 million into a new deal with Uber to develop self-driving cars that will be piloted in 2021 and then used on the rideshare firm’s network.
Netflix CFO David Wells Steps Down
Netflix Chief Financial Officer David Wells has announced his resignation in order to pursue a focus on a future of philanthropy.
UK Unveils New British Tempest Fighter Jet
The United Kingdom’s Royal Air Force unveiled the Class 6 Tempest fighter jet at the Farnborough Airshow. The aircraft will be made nearly entirely in the U.K.
How Fortnite is Making a Billon a Year
“Fortnite: Battle Royale” may be free, but it has used its in-game purchases to generate more than $1 billion in revenues and stands to earn $2 billion by the end of this year.
EU Fines Google £3.8 Billion for Android Antitrust Violations
The European Union has fined Google £3.8 billion regarding its practices with the Android mobile operating system and a breach of EU competition laws.
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