Business

Toyota Chairman Akio Toyoda issued an apology on Monday following the discovery of extensive cheating on certification tests for seven vehicle models, leading the company to halt production of three of those models. The faulty testing procedures at Japan’s leading automaker involved using inadequate or outdated data for collision tests, incorrect testing of airbag inflation, rear-seat damage assessments, and falsified …

Live Nation revealed in a regulatory filing on Friday that a hacker is selling purported user data primarily from Ticketmaster on the dark web. The parent company of Ticketmaster detected “unauthorized activity” on May 20 and immediately initiated an investigation with forensic experts to assess the potential breach. According to the filing, the data was put up for sale on …

On online forums previously linked to mass shootings, users are now threatening violence and attempting to publicly identify the 12 New York jurors who convicted former President Donald Trump on Thursday. The threats began immediately after the verdict was announced. Experts monitoring online extremism told CNN that the level of violent rhetoric in the past 24 hours rivals that seen …

Amazon and Meta executives expressed concerns to CNN this week, suggesting that some fears surrounding artificial intelligence (AI) are exaggerated and that the European Union’s new AI regulations could hinder innovation. This week, the EU finalized its AI act, coinciding with the annual VivaTech conference in Paris, where tech leaders gathered. The groundbreaking law aims to change how AI is …

**Inflation Slows Down, But Americans Remain Skeptical** Recent data shows inflation in the U.S. is cooling, with the annual rate dropping to 3.4% in April from 3.5% in March. Core CPI, which excludes food and energy, fell to 3.6%, the lowest since April 2021. Despite this, many Americans doubt that the downward trend will continue. Major retailers like Walmart, Target, …

According to official figures released on Friday, inflation in Europe rose to an annual rate of 2.6% in May. This increase was higher than anticipated, as the decline in consumer prices has been slow. Despite this rise, it is unlikely to prevent the European Central Bank (ECB) from making its first interest rate cut next week, potentially moving ahead of …

OpenAI announced on Tuesday the formation of a new committee dedicated to making safety and security recommendations to the company’s board. This move comes weeks after OpenAI disbanded a team focused on AI safety. In a blog post, OpenAI revealed that the new committee will be led by CEO Sam Altman, board chair Bret Taylor, and board member Nicole Seligman. …

Customers of the crypto platform Gemini are set to recover over three times the value of their digital assets that were affected by the FTX collapse, a unique outcome for creditors in a bankruptcy situation. Gemini, the exchange established by Cameron and Tyler Winklevoss, announced on Wednesday that it has secured a 232% recovery for customers who participated in its …