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WSJ Tech News Briefing

TNB Tech Minute: Amazon and iRobot End Their Deal

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 29 January 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Some auto dealers are pushing General Motors to produce more hybrids. And Italy’s privacy authority files a complaint against OpenAI. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by the Kia Power On event, featuring the award winning Kia

0:05.2

EV6 with Ultra Fast Charging, available now with 2.9% APR representative, 1,000 pounds

0:11.4

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0:15.6

order by the 29th of February. Take the lead, Drive Electric. Search the Kia Power On Event

0:21.1

today. Teacencies apply Kia Finance, free servicing offer available until 29th of February.

0:27.0

Here's your TnB Tech Minute for Monday, January 29th. I'm Alex Oscela for the Wall Street Journal.

0:37.0

Amazon and robotic vacuum maker IRobot have nixt their deal amid regulatory pushback.

0:43.5

The transaction in which Amazon would have bought iRobot for $1.7 billion was originally

0:48.8

agreed to in August 2022.

0:51.4

Now, Amazon will pay iRobot a $94 million termination fee.

0:56.4

The acquisition is one of several recent tech deals that have been challenged by global regulators

1:00.9

and another sign that Amazon faces growing regulatory scrutiny in the US and

1:05.0

abroad. We're exclusively reporting that some auto dealers are pushing general

1:09.5

motors to introduce hybrid models out of concern that they risk losing customers who aren't ready

1:14.4

to make the switch to fully electric cars.

1:17.4

Dealers who serve on advisory committees to GM have expressed concern that more customers

1:21.4

are looking for a middle ground between

1:23.2

conventional gas engine cars and EVs. That's according to people

1:27.0

involved in the discussions. GM executives have acknowledged the dealer's views

1:31.0

but haven't made any commitments to future hybrid options.

1:35.6

And Italy's privacy authority says it has filed a complaint against chat gp.

1:40.7

owner open AI.

...

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