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Why Apple is investing $430 billion in America

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Apple invests a massive $430 billion dollars over the next five years in the US.

The updated plan will see Apple invest $1 billion to build a new campus in North Carolina, as well as hire around 20,000 new employees.

Apple also plans to invest tens of billions of dollars for next-generation silicon development and 5G innovation across nine US states.

The company will now increase its 2018 to invest heavily in the US after Congress lowered taxes on profits for American firms.

“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states,” said Tim Cook, Apple’s CEO.

This comes as the Biden administration considers increasing the amount tech giants including Apple are taxed for overseas profits.

Biden also plans on raising the corporate tax rate from 28% to 21%.

If after-tax profit streams are stifled, Apple may not be able to invest as much going forward.

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Business

Tesla unveils longest supercharging route in China

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Tesla data will be stored in China

Tesla has unveiled what it claims is the longest supercharging route in China.

Stretching 5,000 kilometers, spanning China from east to west, Tesla has unveiled what it claims is the longest supercharging route in the world. The route is studded with 27 electric-car charging stations along the way.

The electric car company released a promotional video about the ultra-long route, which also pays homage to China’s majestic landscape.

The charging route covers nine cities, starting from the eastern coastal hub of Zhoushan and stretching to the western city of Horgos bordering Kazakhstan.

It loosely follows the same path as the legendary Silk Road, a network of trade routes that for centuries was at the forefront of economic, political, cultural, and religious interactions.

With this new charging route, Tesla drivers will be able to travel to tourist attractions without the fear of their car running out of power.

Destinations on the route include the Kumtag Desert, the Turfan volcano and Sayram Lake, famous scenic destinations in Xinjiang.

China is the world’s biggest electric car market and is critical to Tesla

Elon Musk’s Tesla company has a factory in Shanghai and sells thousands of cars in the nation every month.

The recent unveiling will now see one charging station every 100 kilometers to 300 kilometers along the Silk Road.

EV drivers will have the ability to charge their cars in 15 minutes so that they can run for up to 250 kilometers – but that’s dependant on weather conditions.

Charging facilities are vital to the promotion of electric cars.

As the world embraces new EV technology, ‘range anxiety is one of the main reasons why people don’t want to make the switch away from gasoline vehicles.

The California-based company has already set up around 840 charging stations within China and more than 65,000 supercharging poles covering over 310 cities.

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Regulators again investigating Google

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Google is again in the spotlight of European regulators

Regulators have opened an investigation into Google’s lucrative digital advertising business.

The new investigation will examine whether it favours its own business over rivals, advertisers, and online publishers.

The tech giant generated $147 billion in revenue from online ads last year, more than any other company in the world. Advertisements that run on its properties which include YouTube, and Gmail, accounted for the bulk of sales and profits.

About 16% of revenue came from its display or network business, in which other media companies use Google technology to sell ads on their website and apps.

The EU’s main concern

The European Commission says it will be investigating to determine whether Google distorts competition by restricting access to third parties to user data for advertising purposes on websites and apps, while reserving such data for its own use.

“We are concerned that Google has made it harder for rival online advertising services to compete in the so-called ad tech stack,”

European Competition Commissioner Margrethe Vestager said in a statement.

“We will also be looking at Google’s policies on user tracking to make sure they are in line with fair competition,” she said.

Google said it would engage constructively with the Commission.

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The top court fight Youtube has finally won

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Youtube has won a top court fight in the EU.

Europe’s top court has confirmed that Google-owned Youtube as well as other tech companies are not liable for copyright-infringing works uploaded by users onto their platforms under certain conditions.

The case marks the latest development in a long-running battle between Europe’s $1 trillion creative industry and online platforms.

“As currently stands, operators of online platforms do not, in principle, themselves make a communication to the public of copyright-protected content illegally posted online by users of those platforms,”

the EU Court of Justice said.

YouTube found itself in hot water following a lawsuit filed against them by music producer Frank Peterson.

Peterson had sued the company and Google in Germany over the uploading to YouTube by users in 2008 of several clips to which he holds the rights to.

In a second case, publishing group Elsevier took legal action against file-hosting service Cyando in Germany after its users uploaded several Elsevier works on its platform Uploaded in 2013 without its approval.

The German court subsequently sought advice from the EU Court of Justice, which ruled on both cases on Tuesday.

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