Fisker appoints chief restructuring officer after missing payment to noteholder
Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1......»»
The complexities of third-party risk management
In this Help Net Security video, Brad Hibbert, Chief Strategy Officer and Chief Operating Officer for Prevalent, discusses five interesting findings from a recent industry study on third-party risk management and what he thinks they mean for cybersec.....»»
Tesla Fires Bulk of Supercharger Team in Blow to Other Automakers
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by Chief Executive Officer Elon Musk. Tesla Inc. eliminated almost its entire Supercharger organization, which has built a vas.....»»
Fisker files for reorganization in Austria after production idled; Magna cutting 500 jobs
Fisker said the move gives it 'breathing room to protect its business while it conducts a value-maximizing strategic transaction or other sale of assets.'.....»»
Ransomware operations are becoming less profitable
As the number of real (and fake) victims of ransomware gangs continues to rise, the number of ransomware payments is falling, along with the average ransom payment. The reasons behind this decrease are many: increased cyber resilience of organization.....»»
Magna Steyr to cut 500 jobs in Austria after Fisker idles production
The job cuts come as production of key models is halted or comes to an end, including the Fisker Ocean, BMW 5 Series, and the Jaguar E-Pace and I-Pace......»»
The strategic advantages of targeted threat intelligence
In this Help Net Security video, Gabi Reish, Chief Business Development and Product Officer at Cybersixgill, discusses the role of threat intelligence in every enterprise’s security stack. Threat intelligence plays a significant role in proacti.....»»
New Microsoft AI model may challenge GPT-4 and Google Gemini
In project headed by former Inflection chief, MAI-1 may have 500B parameters. Enlarge / Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., during a town hall on day two of the World Economic Forum.....»»
Luminar lays off 20% of staff amid restructuring
Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company pivots to an 'asset light' model that includes outsourcing industrialization......»»
Luminar lays off 20 percent of staff amid restructuring
Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company pivots to an "asset light" model that includes outsourcing industrialization......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
2024 Acura ZDX born from ‘good collaboration" with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals......»»
If you’re not using PlayStation Stars, you’re missing out
The PlayStation Stars program still isn't perfect two years later, but is a hidden gem that all players should take advantage of......»»
Rivian taps Volvo executive as COO ahead of new-model launch
Rivian Automotive Inc. hired Javier Varela as its new chief operations officer to help the electric-vehicle maker scale output as it prepares to roll out a lower-cost model geared for the mass market......»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
Ransom recovery costs reach $2.73 million
Average ransom payment has increased 500% in the last year, according to Sophos. Organizations that paid the ransom reported an average payment of $2 million, up from $400,000 in 2023. However, ransoms are just one part of the cost. Excluding ransoms.....»»
Tim Cook: Apple has advantages that will set its generative AI apart from the competition
Following on from the announcement of Apple’s second quarter fiscal 2024 results, Apple CEO Tim Cook joined the company’s chief financial officer Luca Maestri on a call with investors. During this call, Cook again teased Apple’s upcoming genera.....»»
Apple Pay promo offers up to 20% off great Mother’s Day gifts
Apple has launched its newest specials when using its payment platform. For Mother’s Day, use Apple Pay to get up to 20% off a range of gifts from flowers, jewelry, chocolate, clothing, gift boxes, and more. Here are the details. more….....»»
Kenya floods death toll rises to 188 as heavy rains persist
The number of people who have lost their lives in devastating floods in Kenya since March has risen to 188, with dozens still missing, the interior ministry said on Thursday......»»
Mystery behind huge opening in Antarctic sea ice solved
Researchers have discovered the missing piece of the puzzle behind a rare opening in the sea ice around Antarctica, which was nearly twice the size of Wales and occurred during the winters of 2016 and 2017......»»
CERN gives green light to build new experiment to search for unknown particles
After many years of preparations, CERN has approved a new experiment: the Search for Hidden Particles (SHiP). Physicist Alexey Boyarsky was involved from the start. "We know there is physics that's missing and we aim to find it.".....»»