Companies

Synopsys and Amazon Web Services have entered into a multi-year deal worth more than $1 billion to further give Amazon access to Synopsys silicon IP and engineering technologies for custom chip development. The deal is Amazon becomes the anchor customer for a larger Synopsys portfolio of application-optimized silicon IP, rather than the more traditional chip components the company licenses. The… Continue reading AWS and Synopsys Sign Multi-Year Chip Design Deal Worth More Than $1 Billion

Regulatory uncertainty about Tesla’s Full Self-Driving (FSD) Supervised driver-assistance system has been extended as a decision by the European Union on whether it can be recognised across the bloc has been pushed back. The EU Technical Committee on Motor Vehicles (TCMV) will now continue discussions on the Netherlands’ request for wider authorisation at a meeting on October 6, instead of… Continue reading EU Delays Tesla FSD Supervised Decision Until December

BlackBerry has raised its revenue forecast for fiscal 2027 following record revenue in its automotive and embedded software division, QNX, in the quarter, driven by new vehicle-program wins. BlackBerry has increased its revenue outlook for the full-year fiscal 2027, following QNX’s record quarterly revenue, which boosts the company’s presence in the automotive and other embedded software sectors. Total revenue was… Continue reading BlackBerry Raises 2027 Revenue Forecast as QNX Automotive Business Expands

Microsoft has committed to spending over $10 billion in the UAE, Saudi Arabia, Qatar and Kuwait until 2030 to build cloud and AI capabilities in the Gulf region. Brad Smith, Microsoft Vice Chair and President, said that the company is continuing with its spending plans in the face of the conflict in the region. The investment program is not being… Continue reading Microsoft Plans More Than $10 Billion Gulf Investment Through 2030

Saudi Arabia has made its first steps towards a domestic car industry with the launch of the EXOBOT, a sedan and SUV, unveiled by Saudi Crown Prince Mohammed bin Salman and announced by CEER. The vehicles were revealed on Monday in a launch led by the Crown Prince, who is also chairman of the Public Investment Fund. It’s the first… Continue reading Saudi Crown Prince Unveils CEER EXOBOT Electric Sedan and SUV

TikTok and its parent company, ByteDance, have experienced a setback in their legal battle with the Justice Department, as a federal judge in the U.S. signaled that he may be rejecting a portion of a proposed $400 million settlement related to kids’ privacy claims. A 2019 consent decree against TikTok’s predecessor, Musical.ly, was one case in which U.S. District Judge… Continue reading TikTok’s $400 Million Privacy Settlement Faces Court Setback

Karandeep Anand, who has extensive experience in the technology industry, especially in artificial intelligence, has been named as the first chief technology officer of Walt Disney, as the entertainment company looks to widen its technology and artificial intelligence footprint. Anand is the former chief executive of generative AI chatbot company Character.AI will be joining Disney on October 2. He will… Continue reading Disney Names Karandeep Anand as First Chief Technology Officer