Business

The Chinese autonomous driving startup Deepmotion has been acquired by Xiaomi for about $77.37 million The acquisition would assist “improve the technological competitiveness” of the company’s electric car business, according to the company. With this move, Xiaomi positions itself to compete with other autonomous driving and electric car companies, such as Tesla and Waymo in the United States and Baidu in China. The statement follows Xiaomi’s March announcement that it will invest $10 billion in its forthcoming electric car industry over the next ten years. “Xiaomi wants to deliver great smart…

Facebook and Instagram removed more than 20 million pieces of content containing COVID-19 disinformation, but they couldn’t say how often these sorts of false claims are on the platforms. The social network tracks the prevalence of other sorts of material, such as hate speech and adult nudity, to get a sense of what objectionable messages were overlooked. According to the firm, providing this statistic for COVID-19 misleading is more complicated. “When it comes to COVID, though, things are evolving even more quickly so it does make prevalence even more difficult…

Amazon is expressing concerns about a slew of bills making their way through Congress, telling a group of firms who sell on Amazon’s marketplace that the proposed legislation might harm them. According to CNBC, the firms were advised to contact Amazon policy specialists to learn more. “We are concerned that they could potentially have significant negative effects on small and medium-sized businesses like yours that sell in our store,” the company reportedly said in the emails. The emails come as big technology companies face increasing antitrust regulation on many fronts,…