Wingtech Technology has filed a lawsuit against its own subsidiary, Nexperia, in a Chinese court. The case, lodged at the Dongguan Intermediate People’s Court, seeks at least 8 billion yuan, roughly $1.1 billion, in damages. It is the first major legal…
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has withheld its vote on the reappointment of John Elkann to Meta’s board of directors. The fund said it believes the Stellantis chairman and Exor CEO does not have eno…
Operazione Tutto Chiaro hit more than 100 sites across Italy, France, and Germany, targeting a system that rebroadcast legitimate subscription codes every three minutes. Italy’s Guardia di Finanza said on Friday it had dismantled an audiovisual piracy …
The Department of Health and Human Services is moving from “pay and chase” to real-time AI screening across Medicare, Medicaid, CHIP and the Marketplace. The US Department of Health and Human Services has launched an artificial intelligence initiative …
A May 5 draft, due to be discussed in New York in August, takes aim at where digital revenue is taxed and by whom. A new draft protocol circulating inside the United Nations tax process would let countries tax companies like Google, Amazon and Meta bas…
Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum …
The investigation is the island’s first formal semiconductor-smuggling crackdown and ties back to the wider Supermicro-linked diversion network that has been routing Nvidia Hopper systems into Chinese customers through Hong Kong and third-country relay…
EXIM has more than $100bn of unused statutory lending capacity that the White House wants channelled into US-built, full-stack AI export packages, with the Commerce Department running a public solicitation for industry-led consortia. The Trump administ…
The draft executive order, expected as early as Thursday, sets up a voluntary 90-day pre-release model-disclosure framework with the federal government, with critical-infrastructure providers including banks brought in early. Steve Bannon and Amy Kreme…
The complaint accuses the gaming platform of misleading the public about its safety and pressuring young users to spend. Roblox ‘strongly disputes’ the claims; the FTC has declined to comment. Two children’s advocacy groups, Fairplay and the National C…