A data breach has compromised the call and text records of tens of millions of AT&T cellphone customers, the company revealed on Friday. This breach attributes to an illegal download on a third-party cloud platform affects customer data from mid-to-late 2022.
Bill Hwang has been convicted of fraud and other charges by a federal jury in Manhattan. The trial was centered on the market manipulation and collapse of Hwang’s $36 billion private investment firm in 2021.
Microsoft and Apple have decided to step down from their observer seats on the board of OpenAI. This comes because of the scrutiny by global regulators over Big Tech’s investments in AI startups.
The largest labor union at Samsung Electronics in South Korea has declared an indefinite strike after a three-day walkout failed to yield any progress in a dispute over pay and bonuses. This action represents the largest labor action in the company’s 55-year history.
The US has introduced AI-powered ammunition vending machines that dispense bullets. Installed in various stores across Alabama, Oklahoma, and Texas. These machines are designed to provide ammunition 24/7 leveraging advanced technology for convenience and security.
On July 8, 2024, BYD signed an agreement with the Turkish Industry and Technology Ministry to establish a new manufacturing plant in Turkiye. The signing ceremony was held in Istanbul and attended by Turkish President Recep Tayyip Erdogan, Industry and Technology Minister Mehmet Fatih Kacir and BYD chairman and CEO Wang Chuanfu. The new plant will be located in Turkiye with a planned investment of $1 billion.
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge following accusations of violating an agreement with the U.S. Department of Justice (DoJ). This decision is from the company’s failure to adhere to mandated reforms after the fatal crashes of its 737 MAX aircraft in 2018 and 2019, which resulted in the loss of 346 lives.
Samsung Electronics expects a profit surge of approximately 1,400% for the quarter ending June 2024 compared to the same period last year. This growth is by the increasing adoption of artificial intelligence (AI) which has driven up demand for advanced computer chips.
On July 1, 2024, the Greece government introduced a six-day working week for specific industries. The legislation allows for a traditional 40-hour workweek to be extended to 48 hours for some businesses. This includes an additional two hours per day or an extra eight-hour shift for private companies providing 24-hour services.
Indian-American businessman Rishi Shah has been sentenced to seven and a half years in prison for orchestrating a ₹ 8,300 crore ($1 billion) fraud scheme. The former billionaire and co-founder of Outcome Health, a Chicago-based health tech firm, defrauded investors including Goldman Sachs Group Inc., Google parent Alphabet Inc., and Illinois Governor JB Pritzker’s venture capital firm.
