An Apollo analysis of 321 occupations found that wages in jobs highly exposed to AI grew 6.7% more slowly after 2023, with no statistically significant employment effect. The gap was 10.7% in the lowest-paid quartile and absent in the highest. The firs…
Chinese chip companies are running unusually broad equity schemes to keep engineers, with Cambricon covering 85.3% of its workforce and AMEC more than 97%. Europe’s semiconductor sector has a talent gap estimated at 65,000 workers. Chinese chip compani…
Apple paid Ireland $17.1bn in tax last financial year. That is around 40% of everything it paid in corporate income tax anywhere in the world. The figure comes from a company filing that breaks Apple’s tax down country by country, Reuters reported from…
The Dutch data protection authority has decided to fine Uber €825mn, or about $966mn, for shutting down driver accounts by automated systems without telling the drivers properly. It is the second-largest penalty ever issued under the General Data Prote…
YouTube Premium is getting more expensive across Europe. This time the company is asking subscribers to agree, rather than simply imposing the increase. A price-change notice seen by TNW went to a Romanian subscriber on Friday. It puts the individual p…
Tesla confirmed that its Semi electric truck is coming to Europe, and that it will reveal the specs and launch details next month at IAA Transportation, the continent’s largest commercial vehicle show.
The Tesla Semi account posted that “specs & la…
Genesis has unveiled the GV90, a full-size electric SUV with 490 kW, a 123.5 kWh battery and pillarless coach doors on the Neolun version. It goes on sale in the United States early next year, and the announcement says nothing about Europe. Genesis has…
Domyn has raised more than $1bn, which makes it one of the largest financings a European AI company has ever announced, yet only about a tenth of it is equity. The Milan company took roughly $1.1bn in total, split about 10% equity and 90% debt, accordi…
Alibaba’s net profit fell 75% in the June quarter, to $1.54bn. The cause was not a weak business. It was the bill for building one. Capital spending reached $9.98bn in three months, up 75% on the same quarter last year, according to the results announc…
Munich Re has agreed to buy At-Bay, a cyber-insurance startup, for $575mn. The deal values the company at less than half what it was worth in 2021. The German insurance group announced the acquisition on Wednesday, in a statement. The price is a reset….