South Korean court denies prosecutors’ arrest warrant request for Samsung heir Jay Lee – TechCrunch

[ad_1] A South Korean court denied an arrest warrant request for Samsung Group heir apparent Jay Y. Lee, saying that although prosecutors’ secured “a considerable amount of evidence,” it was still not enough to detain Lee. Prosecutors filed for the warrant last week, accusing Lee of accounting fraud and stock manipulation. Prosecutors allege that the…

Otonomo raises $46 million to expand its automotive data marketplace – TechCrunch

[ad_1] New vehicles today can produce a treasure trove of data. Without the proper tools, that data will sit undisturbed, rendering it worthless. A number of companies have sprung up to help automakers manage and use data generated from connected cars. Israeli startup Otonomo is one such player that jumped on the scene in 2015…

Samsung expects COVID-19 to hurt smartphone and TV sales, but increase demand for memory – TechCrunch

[ad_1] In its first-quarter earnings report today, Samsung said it expects the COVID-19 pandemic to continue impacting its business for the rest of the year, cutting into sales for smartphones and TVs, but increasing demand for PCs, servers and memory chips as people continue to work or study from home. Samsung’s results for the first-quarter…

EV startup Byton furloughs half of its 450-person staff in the U.S. – TechCrunch

[ad_1] China-based electric car startup Byton has furloughed about half of the 450 employees who work at its North American headquarters in Santa Clara, Calif., putting the release date of the automaker’s upcoming M-Byte vehicle into question. Byton told the furloughs were the result of the COVID-19 pandemic. The intention is to bring these furloughed…