Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption scandal. The …
Airbus SE and Air France were found guilty of involuntary manslaughter in the deadly crash of a passenger jet en route to Paris from Rio de Janeiro 17 years ago after a French appeals court overturned a previous ruling. The …
Severity, not frequency, is driving the rise in claims costs today. While the number of claims has generally declined, the average cost per claim has soared. From 1994 to 2008, claim frequency declined and lawsuits tracked that trend, falling from …
Waymo has temporarily halted service in Atlanta over concerns that its robotaxis may attempt to drive on flooded roads, the latest setback over an issue that recently led the company to recall thousands of vehicles. It’s the second city where …
Stellantis plans to launch a new small, low-cost category of fully electric vehicles in an effort to revive Europe’s shrinking entry-level car segment and ailing manufacturing sector. The Fiat, Opel and Citroen owner said production of the affordable, compact and …
“Life moves pretty fast. You don’t stop and look around once in a while, you could miss it.” Know who said that? Anyone? Anyone? Technology and artificial intelligence are coming at claims and insurance professionals at an increasingly rapid pace. …
The National Center on Sexual Exploitation and Fairplay, two advocacy groups focused on child safety, are asking the U.S. Federal Trade Commission to investigate Roblox Corp.’s game mechanics, which they claim coerce kids into spending unreasonable amounts of money on …
A U.S. safety investigator said United Parcel Service Inc. decided not to take action after 2008 and 2011 service letters from Boeing Co. flagged cracking in a key structural component in the type of plane that crashed in Louisville, Kentucky, …
Stellantis and British autonomous driving startup Wayve said on Thursday they had formed a strategic partnership to bring Wayve’s artificial intelligence driving software into the carmaker’s STLA AutoDrive platform for future hands-free assisted driving. The companies said in a joint …