Aston Martin Forced To Sell Most Of Its Name To Survive

Aston Martin sold 50.1 percent of its non-automotive branding rights. Creditor groups owed about $1.75 billion have threatened legal action. Automotive naming rights for road cars and Formula 1 remain with Aston Martin. Aston Martin has quietly sold control of its own name in everything it does outside cars to keep the lights on. The … Read more

eBay continues to bet on live shopping after record quarter

As eBay tries to keep up with competitors like Whatnot and TikTok Shop, the online marketplace is making a bigger push into live shopping after seeing record results.  During its second-quarter earnings call on Wednesday, the company noted that eBay Live’s gross merchandise volume (GMV) jumped about eight times year-over-year across seven markets, along with … Read more

OpenAI says Apple’s own security practices undermine its trade secrets case

OpenAI’s motion to dismiss Apple’s trade secrets lawsuit, along with newly filed exhibits, reveals the company’s legal defense strategy. Rather than focusing on whether former Apple employees working at OpenAI had accessed certain information, the AI company argues that Apple’s own security practices and offboarding procedures weaken its claim that the information qualifies as legally … Read more

Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

Tesla and SpaceX said Thursday that “Terafab,” the advanced chip factory they are jointly developing, will be built in Grimes County, Texas, outside Houston, and that they will make an initial investment of $16.8 billion in the project. The factory will be “the largest and most valuable building on Earth by far,” Elon Musk, CEO … Read more