Deel says it has accepted legal documents in its ongoing court battle with rival Rippling in Ireland.
A mysterious investor challenges the sale of bankrupt EV startup Canoo's assets to its CEO, citing a 'flawed' process and offering a superior $20 million bid. Letβs dive deeperβ¦
In today's ContentBuffer update:
Deel accepts service in court battle with Rippling
Canoo CEO's $4 million bid for assets challenged by mysterious investor
Hugging Face Debuts Programmable Robotic Arm
Huawei's new AI chip aims to rival Nvidia's H100 series
Temu hikes prices due to tariffs
Unknown hackers target Uyghur community leaders
5 new AI tools & 5 new AI jobs
More tech news
Latest Development
Image source: TechCrunch
Summary: Deel has accepted legal documents in its ongoing court battle with Rippling in Ireland. The battle centers on Rippling's claims that Deel bribed one of its employees to spy on its internal affairs. Deel has filed a countersuit, making various accusations against Rippling, including cultivating its own insider.
Key Points:
Deel has accepted legal documents in its ongoing court battle with Rippling in Ireland.
The battle centers on Rippling's claims that Deel bribed one of its employees to spy on its internal affairs.
Deel has filed a countersuit, making various accusations against Rippling, including cultivating its own insider.
Why it matters: This court battle highlights the intense rivalry between HR tech giants Deel and Rippling, with both companies making serious allegations against each other.
Image source: TechCrunch
Summary: A mysterious investor challenges the sale of bankrupt EV startup Canoo's assets to its CEO, citing a 'flawed' process. The investor, Charles Garson, offered $20 million for the assets, claiming it was a 'far superior' offer compared to Aquila's bid. Garson alleges that he was told by the bankruptcy trustee that his offer would be considered and had until roughly the end of April to finalize the details.
Key Points:
A mysterious investor, Charles Garson, has challenged the sale of bankrupt EV startup Canoo's assets to its CEO, Anthony Aquila.
Garson offered $20 million for the assets, claiming it was a 'far superior' offer compared to Aquila's bid of $4 million in cash and the extinguishment of around $11 million in loans owed by Canoo to Aquila's financial firm.
The sale ultimately closed on April 11, despite Garson's objections.
Why it matters: This challenge highlights concerns over the fairness and transparency of bankruptcy proceedings, particularly when a company's assets are being sold to its own CEO.
Image source: TechCrunch
Summary: Hugging Face releases the SO-101, a programmable robotic arm for $100. It's faster to assemble and has improved motors. The arm can be trained via AI technique called reinforcement learning.
Key Points:
The arm is designed to pick up and place objects, as well as perform other basic chores.
It features a camera-equipped arm that can be trained using reinforcement learning.
The arm starts at $100, with prices ranging from $100 to around $500 depending on the supplier.
Why it matters: This release marks Hugging Face's expansion into robotics, demonstrating its potential to transform industries through AI-powered automation.
Image source: TechCrunch
Summary: Huawei is developing a new advanced AI chip, the Ascend 910D, to compete with Nvidia's popular H100 series. The company has been reaching out to other Chinese firms to find test partners and hopes that its chip will fill a void in the Chinese AI market left by increased US export controls.
Key Points:
Huawei is developing a new advanced AI chip
The Ascend 910D aims to rival Nvidia's H100 series
The company has been reaching out to other Chinese firms for test partners
Why it matters: This development could help fill a void in the Chinese AI market left by increased US export controls and further highlight the growing importance of artificial intelligence in various industries.
Image source: TechCrunch
Summary: Temu adds 145% import charges due to Trump tariffs, causing prices to surge; Shein also hikes prices but doesn't implement an import charge.
Key Points:
The 145% tariff on products made in China will significantly increase the cost of goods for U.S. consumers.
Shein has hiked prices but isn't implementing an import charge like Temu.
Temu's import charge is expected to more than double the price of some orders.
Why it matters: The impact of tariffs on e-commerce platforms and their customers highlights the complexity of international trade agreements.
Image source: TechCrunch
Summary: Researchers at Citizen Lab have revealed a targeted hacking campaign involving Windows spyware that affected leaders of the World Uyghur Congress (WUC). The campaign involved phishing emails and malicious software designed to compromise user data. Google alerted some WUC members to the hacking campaign in mid-March, prompting them to contact journalists and researchers.
Key Points:
Researchers at Citizen Lab have revealed a targeted hacking campaign involving Windows spyware that affected leaders of the World Uyghur Congress (WUC).
The campaign involved phishing emails and malicious software designed to compromise user data.
Google alerted some WUC members to the hacking campaign in mid-March, prompting them to contact journalists and researchers.
Why it matters: This campaign highlights the continued vulnerability of minority groups like the Uyghurs to cyber attacks, which can have serious consequences for their safety and well-being.
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