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The first production Ferrari Luce sold for $40mn at RM Sotheby’s Monterey auction, setting records for the most expensive new car, electric car and charity car sold at public auction. Ferrari keeps none of the money and the car is not due for delivery until early 2027. The first production Ferrari Luce has sold for […]
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The first Ferrari Luce sold for $40mn, 36 times its estimate Read More »
The TikTok owner has agreed a pact with the Motion Picture Association, the trade body for the major US studios, to tighten copyright protections on its AI image and video generators, ending, at least officially, a standoff that began when the studios accused the company of building a machine for wholesale infringement. The agreement covers […]
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Deutsche Telekom has agreed to buy two of Poland’s best-known fibre businesses, Fiberhost and INEA, from the Australian investment group Macquarie, in a deal worth roughly €1bn and aimed squarely at the country’s scramble to bundle mobile, broadband, and television into a single monthly bill. The German operator confirmed on Monday that its local arm, […]
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The US Supreme Court has refused Verizon’s request to amend a June ruling so it could pursue a refund of the $47mn it paid over selling access to customer location data. AT&T, whose case is procedurally different, can still seek reimbursement of its $57mn. Verizon will not get back the $47mn it paid over customer […]
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The Supreme Court will not help Verizon recover $47mn over location data Read More »
Alphabet is preparing to sell its first bond denominated in Australian dollars, a modest-sounding piece of financial housekeeping that says a good deal about how the AI build-out is now being paid for. According to bookrunner messages reported by Reuters, the Google parent has hired ANZ, Deutsche Bank, RBC Capital Markets, and TD Securities to […]
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Alphabet takes its AI debt spree Down Under with a first Australian dollar bond Read More »
Unitree Robotics, the Hangzhou company that has done more than anyone else to turn Chinese humanoid robots into a spectator sport, is due to begin trading on Shanghai’s STAR Market on 19 August, according to Reuters. The listing makes it the first general-purpose humanoid maker to go public on the mainland, and it arrives having […]
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Uber, the ride-hailing giant said on Monday that it is teaming up with Zipline, the autonomous drone-delivery firm, to fly Uber Eats orders to customers across the United States, sweetened by an undisclosed strategic investment. It is a striking vote of confidence in a company that has spent the past year busily pivoting from hospital drops […]
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A residual value guarantee is a promise about an object, not about a tenant. Someone builds a thing. Someone else rents it. A third party promises the thing itself will still be worth a set amount. If the renter walks, the owner relets or sells. The guarantor covers only the shortfall. It is the structure […]
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Nvidia is not backing OpenAI’s rent. It is backing the buildings Read More »
Uber partners with Zipline on Eats drone deliveries Read More »
It’s about ethics in journalism, with Ben Smith Read More »