"American companies don't have a good track record with data privacy," Chew reminded the committee while repeatedly telling Congress members that the questions that they had about TikTok reflected industry-wide problems that go well beyond one app.

Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford's plans to transition its European lineup to be entirely electric by 2030. Other than the Explorer name and some design attributes, the new vehicle shares little to nothing with the gas-powered SUV in the U.S., or a plug-in hybrid version that's currently available in Europe.

"The challenge for Ford and for everybody else is trying to figure out how to provide these kinds of mobility services and actually build a viable, self-sustaining business out of it while keeping the cost of the service affordable for people using the services," said Sam Abuelsamid, principal research analyst at Guidehouse Insights. "They're still struggling. Everybody is still struggling with that part of it." Ford has scaled back its ambitions and is focusing on technology that can make money in the near term.

Ford Motor is about to tell investors what they've long wondered: How much is the transition to electric vehicles costing? The automaker on Thursday plans to begin reporting its financial results by business unit, instead of by region, ushering in the new reporting structure with a "teach-in" for analysts and media - on the theme of "Ford Refounded" - and releasing revised versions of its financial results that will reveal how the new business units would have performed in 2021 and 2022.

Manufacturers and operators of electric vehicle chargers in the United States are bracing for a slowdown in production and deployment as they scramble to comply with "Made in America" terms of a $7.5 billion federal program meant to accelerate the industry. Long-awaited rules laid out by the White House last month are part of President Joe Biden's effort to build an electric-friendly highway system by 2030, tackling climate change and creating local jobs.

BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world's largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells Tesla in China, asked some of the workers at its Xian plant, its biggest manufacturing hub, to work only four days a week in a factory running two eight-hour shifts per day, according to three people and an internal memo sent earlier this month and reviewed by Reuters.

Nvidia has modified its flagship product into a version that is legal to export to China.

Huawei Technologies has replaced more than 13,000 parts in its products that were hit by US trade sanctions, the Chinese tech giant's founder said, according to a speech transcript posted on Friday by a Chinese university.

Baidu Inc. surged more than 14% Friday after brokerages including Citigroup tested the company's just-unveiled ChatGPT-like service and granted it their preliminary approval.

Chinese tech companies have joined the global rush to develop rival software, with Alibaba and JD.com announcing similar projects. But Baidu's Ernie Bot, unveiled at a press event in Beijing on Thursday, fell short of expectations, with the company's co-founder and chief executive, Robin Li, showing only a prerecorded demonstration of the software's capabilities, rather than a live interaction.

On Thursday, Baidu CEO Robin Li gave a one-hour presentation on Ernie that only offered a small glimpse into the chatbot. The jury is still out on what Ernie can do and how it actually works. For now, Ernie is only available for testing through invitation and others need to get on a waitlist. TechCrunch hasn't tried it yet, so it's unfair to draw any conclusions about Ernie's capability.

Hitachi will provide local governments with a system to quickly dispatch electric vehicles to supply energy to areas in the event power is cut off following a disaster, Nikkei has learned. Auto dealers and transportation companies will need to register the number of cars and their recharging status with Hitachi's system in advance. Following a disaster, the most suitable EVs will be dispatched using information from traffic patterns and dealers near evacuation centers.

Meta, the parent firm of Facebook and Instagram, is working on a standalone, text-based social network app.

US regulators said Silicon Valley Bank depositors would be fully repaid as they acted to shore up the banking system after the lender's implosion, unveiling emergency funding measures and closing down a second financial institution.

Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India, a yellow iPhone arrives, and Amazon's Ring and Sonos introduce key new products.

Suppliers to Dutch chip-making machines giant ASML Holding are considering building plants in Southeast Asia instead of China amid political tensions between Beijing and the West, according to two sources and documents seen by Reuters.