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2 months 3 weeks ago
An article headlined "Moment Met Police officers brawl with group of Romanians after drunken Christmas boat party", published on 8 August 2025. In fact...

EU Commission Approves $4.8 Billion Prosus' Takeover of Just Eat Takeaway

2 months 3 weeks ago
Prosus has secured conditional approval from the European Union for its $4.8âbillion (4.1 billion euros) acquisition of Just Eat Takeaway, after agreeing to sell down its 27.4% stake in Delivery Hero. Reuters reports: Amsterdam-headquartered Prosus, which is majority owned by South Africa's Naspers, announced the deal in February, banking on its artificial intelligence capability to boost Just Eat Takeaway, Europe's biggest meal delivery company. The European Commission, which acts as the EU competition enforcer, said Naspers offered to significantly reduce its 27.4% stake in Delivery Hero to below a specified very low percentage within 12 months. Naspers also pledged not to exercise the voting rights with its remaining limited stake in Delivery Hero and also not to increase its stake beyond the specified maximum level. It will not recommend or propose any person to Delivery Hero's management and supervisory boards. Prosus said the EU decision was the final regulatory approval needed to close the offer which ends on October 1 and that if all offer conditions including the acceptance threshold for the deal are met by that date, it will declare its offer unconditional within three business days. "Our ambition is clear: to build a true European tech champion and lead the next chapter in food delivery innovation," Prosus CEO Fabricio Bloisi said in a statement. "This decision also sends a clear warning to an industry with recent antitrust issues: we won't tolerate any anti-competitive behaviour that may harm consumers," she said. After the deal is complete, Prosus will become the world's fourth-largest food delivery company after Meituan, DoorDash, and Uber.

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Nvidia and AMD To Pay 15% of China Chip Sale Revenues To US Government

2 months 3 weeks ago
In an unusual arrangement to secure export licenses, Nvidia and AMD have agreed to give the U.S. government 15% of revenue from certain chip sales to China. The Associated Press reports: The Trump administration halted the sale of advanced computer chips to China in April over national security concerns, but Nvidia and AMD revealed in July that Washington would allow them to resume sales of the H20 and MI308 chips, which are used in artificial intelligence development. President Trump confirmed the terms of the unusual arrangement in a Monday press conference while noting that he originally wanted 20% of the sales revenue when Nvidia asked to sell the "obsolete" H20 chip to China. The president credited Nvidia CEO Jensen Huang for negotiating him down to 15%. "So we negotiated a little deal. So he's selling a essentially old chip," Trump said. Nvidia did not comment about the specific details of the agreement or its quid pro quo nature, but said they would adhere to the export rules laid out by the administration. "We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide," Nvidia wrote in a statement to the AP. "America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race."

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Fed cloud contracts up 2x this year after red tape slashing

2 months 3 weeks ago
Biden-era program has reduced FedRAMP processing times to just five weeks from previous year or more

The US Government's process for certifying cloud services safe for official use has long been slow, but that's no longer the case. Approvals so far this fiscal year are more than double the total for all of FY 2024.…

Brandon Vigliarolo

Ford Announces Investment To Bring Affordable EVs To Market

2 months 3 weeks ago
An anonymous reader quotes a report from the Detroit Free Press: Ford is announcing the creation of a new electric vehicle production system and a new EV platform that will allow the automaker to more efficiently bring several lower-cost EVs to market, the first of which will be a midsize, four-door electric pickup that seats five, to launch in 2027. That pickup, which is expected to start around $30,000, will be assembled at Ford's Louisville Assembly Plant for U.S. and export markets. The Dearborn-based automaker said it will invest $2 billion to retool the Louisville plant starting later this year. [...] Ford's investment in Louisville Assembly is in addition to Ford's previously announced $3 billion commitment for BlueOval Battery Park in Marshall, Michigan, where Ford will make the prismatic LFP batteries, starting next year, for the midsize electric pickup. Together, the nearly $5 billion investments mean Ford expects to create or secure nearly 4,000 direct jobs while strengthening the domestic supply chain with dozens of new U.S.-based suppliers. Ford executives and Kentucky officials also introduced on Monday, Aug. 11, the new Ford Universal EV Production System, which they said will simplify production and ease operations for workers. Ford leaders also announced the creation of the Ford Universal Electric Vehicle Platform, which will enable the development of "a family of affordable electric vehicles produced at scale." The vehicles will be software-defined with over-the-air updates to keep improving the vehicles over time. "We took a radical approach to solve a very hard challenge: Create affordable vehicles that are breakthrough in every way that matters design, technology, performance, space and cost of ownership and do it with American workers," Ford CEO Jim Farley said in a statement. "Nobody wants to see another good college try by a Detroit automaker to make an affordable vehicle that ends up with idled plants, layoffs and uncertainty." Farley has teased this announcement since Ford's second-quarter earnings when he said Ford would have a "Model-T moment" on Aug. 11. He's referring to the classic vehicle that helped turn Ford into a mass market automaker and perfect the assembly line process. At that time, Farley said it was critical that Ford unveil an EV strategy that would position it to make money selling the electric cars and effectively compete against the Chinese, who are known for making high-quality, desirable and affordable EVs. "So, this has to be a good business," Farley said of Ford's investments in the new process and platform. "From Day 1, we knew there was no incremental path to success. We empowered a tiny skunkworks team three time zones away from Detroit. We reinvented the line. And we are on a path to be the first automaker to make prismatic LFP batteries in the U.S. We will not rely on imports." Ford says its new Universal Electric Vehicle Platform "reduces parts by 20% versus a typical vehicle, with 25% fewer fasteners, 40% fewer workstations dock-to-dock in the plant and 15% faster assembly time." The new EV pickup built using this platform is targeting a "starting MSRP at about $30,000, roughly the same as the Model T when adjusted for inflation," adds Farley. He shared additional details in an interview with Wired, such as how the automaker hired Tesla veterans Doug Field (who also helped lead Apple's now-defunct EV project) and Alan Clarke. "Turns out, Doug and Alan and the team built a propulsion system that was like Apollo 13, managed down to the watt so that our battery could be so much smaller than BYD's," said Farley.

Read more of this story at Slashdot.

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