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China launches competitions probe into Nvidia
Chipmaker Nvidia is facing an antitrust investigation in China after authorities in Beijing launched a probe per anti-monopoly laws.
This probe marks the latest development in the ongoing tech trade war between the US and China over the growing semiconductor space.
According to Chinese broadcasters, Nvidia had been accused of violating commitments made in 2020 when it acquired Mellanox Technologies, a smaller firm.
Nvidia said it was “happy to answer any questions regulators may have about our business.
“We work hard to provide the best products we can in every region and honour our commitments everywhere we do business,” the company said.
This comes just a week after Washington tightened restrictions on sales to 140 companies, including Chinese chip firms such as Piotech and SiCarrier, without special permission.
Incoming President Donald Trump has vowed to go further, promising to introduce significant sanctions against Chinese imports.
Orange and La Poste team up to repurpose network equipment used during the Paris 2024 Olympics
French telco Orange and the postal service La Poste have announced a new initiative to extend the lifespan of network equipment used during the Paris 2024 Olympic and Paralympic Games.
Several thousand Wi-Fi terminals and other telecom equipment, including nearly 80% of the switches from the Olympics sites, will be reused, benefiting La Poste employees by providing better indoor and outdoor connectivity.
It will also be used to support digitalisation and new uses.
“In the face of scarce resources and the increasing digitalisation of services, La Poste Group is committed to reducing the environmental footprint of its tools and applications.
“The reuse of network equipment deployed by Orange for the Olympic Games is an opportunity that perfectly aligns with our desire to promote responsible digital practices,” says Philippe Bajou, Secretary General of the La Poste Group and President of La Poste Group Immobilier.
General Motors puts the brakes on Robotaxi plans following $10bn losses
General Motors has ceased funding for its autonomous taxi firm, Cruise, and revealed that it will instead focus on assisted driving and safety technology.
“We looked at the amount of money needed to deploy a robotaxi business and maintain that business and grow it; it’s quite a bit of capital,” GM CEO Mary Barra said on a call with analysts.
“A robotaxi business is not GM’s core business,” she added.
According to NPR, GM spent $581 million initially to acquire a majority stake in Cruise in a 2016 deal. It then invested a further $2.4 billion to keep the robotaxi arm on the road.
According to reports, Cruise generated about $500 million in revenue but racked up $10 billion in operating losses in the years since GM bought it, leading to the decision to axe the unit.
Krispy Kreme says “doh” after hackers find hole in its cybersecurity
Sweet treats maker Krispy Kreme has revealed that a cyber attack detected over a week ago has taken down its ordering system in some parts of the US.
The doughnut maker revealed in a regulatory filing that it first spotted intruders in its system on November 29 before taking immediate steps to safeguard its data.
The company acknowledged that, although it restored most systems, some shops and kiosks still have problems with its ordering software.
“As the investigation of the incident is ongoing, the full scope, nature and impact of the incident are not yet known,” Krispy Kreme said in its filing to the Security and Exchange Commission.
Meta faces massive outage across social media platforms
A “technical issue” has caused a global outage of Meta’s services, leaving thousands of users worldwide unable to access Facebook, Instagram and WhatsApp.
“We’re aware that a technical issue is impacting some users’ ability to access our apps. We’re working to get things back to normal as quickly as possible and apologize for any inconvenience,” Meta, which owns the apps, said on X.
According to Downdetector, Facebook outages were reported at around 6pm GMT and reached more than 100,000 complaints of an issue. Meta also owns WhatsApp, Instagram, and Threads, which have also been experiencing problems
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