Elon Musk plans to move forward with his proposal to acquire Twitter at the original offer price of $54.20 a share, Bloomberg reported Tuesday. Unidentified sources said Musk made the offer in a letter sent to Twitter. Details of that letter were not available. More: - After the news was reported, Twitter shares climbed 15% on Tuesday.
- In April, Musk offered to take Twitter private for $44B, or $54.20 a share, which was agreed upon by Twitter's board.
- He later sought to abandon the agreement, citing a lack of data about the number of fake and spam accounts on the platform and other issues.
- Twitter subsequently sued Musk to force him to follow through with the transaction. The trial was scheduled to begin on Oct. 17 in the Delaware Court of Chancery.
*This story is developing. BLOOMBERG 
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On Tuesday, the European Parliament overwhelmingly approved a new law requiring all mobile phones, tablets, and cameras to adopt USB-C charging ports by the end of 2024. The legislation is expected to have the biggest impact on Apple, which will have to switch to a standard USB-C connector for iPhones sold in the EU. More: - The law will apply to all phones, tablets, and earbuds with up to 100W power delivery that are sold in the EU.
- Laptops will need to adopt the common charger by spring 2026.
- Supporters say the change would reduce environmental waste and save customers money.
- Currently, Apple laptops and iPad Pro models have USB-C charging. The company has already been testing iPhone models that replace the Lightning port with USB-C.
- The legislation still requires final approval from the European Council, a likely formality. It could become a formal law in 2023, after which member states will have a year to transpose the rules.
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Micron Technology plans to invest up to $100M over 20 years to build a large chip fabrication factory in upstate New York. The microchip manufacturer has chosen the town of Clay, near Syracuse, to build the semiconductor plant, which is expected to create nearly 50,000 jobs in the state. More: - Micron plans to spend the first $20B by the end of the decade.
- Construction is expected to start in 2024 and high-volume production after 2025.
- Of the 50,000 jobs created, about 9,000 would be Micron employees and 40,000 for contractors, suppliers, and others.
- Micron is expected to benefit from $5.5B in state incentives as well as grants from the recently signed CHIPS and Science Act. The federal law provides more than $52B in subsidies to support U.S. chip factories.
Zoom-out: - In August, Micron announced that it will spend $40B through 2030 in the U.S.
- Micron is known for its dynamic random access memory (DRAM) and flash memory chips. Its products are used in data centers, smartphones, vehicles, and other devices.
THE NEW YORK TIMES
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U.S. banks are often refusing to compensate victims of fraud on their bank-owned payment system Zelle, according to a report released by Senator Elizabeth Warren (D-Mass.). The report, based on data provided by four banks, shows the scope of fraud and scam incidents on the popular peer-to-peer payment service. Among the four banks, the fraud claims are on track to surpass $255M this year, an increase from $90M in 2020. More: - In 2021 and the first half of this year, the four banks counted 192,878 fraud cases worth $213.8M
- Only 3,500 of those cases resulted in reimbursement to the customer.
- In claims where funds were removed from customer accounts without authorization, 47% were reimbursed.
- By law, banks must repay customers whose funds are taken via an electronic transfer that they didn't approve.
- According to Zelle's operator, Early Warning Services, nearly $500B in funds were sent using the platform last year.
- Early Warning is owned by Bank of America, Capital One, JPMorgan Chase, PNC, Truist, U.S. Bank, and Wells Fargo.
THE NEW YORK TIMES
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 Google is adding new features to its Home app for managing smart home devices. The updated app for iOS and Android will launch in public preview in several weeks and is compatible with all Google Nest cameras. New features include: - A new Favorites homepage, which prominently displays devices and live camera feeds marked as "favorite."
- A Spaces section to customize devices into categories, such as wi-fi, camera, and lighting. (Note: The customization will be available in 2023).
- A Fast Pair feature that automatically detects Matter devices and enables fast setup. Matter is Google's upcoming smart home standard.
- Improved camera feed with new options for watching footage.
Zoom-out - Google also announced a new second-gen wired version of its Nest doorbell, along with a Nest Wifi Pro router with Wi-Fi 6E support.
- The Home app will arrive this week on Wear OS, Google's Android version for smartwatches, which works with the soon-to-be-announced Google Pixel Watch.
- Google Home will arrive on the web later this year.
GIZMODO
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 Tesla showed off two prototypes of its Optimus humanoid robot during its AI Day event last Friday. CEO Elon Musk estimates the robots would cost less than $20,000 to produce. Customers will be able to order the robot "within three years" and "probably not more than five years," he predicted. More: - The first prototype, Bumble C, is a rough development bot created using "semi-off-the-shelves" actuators.
- During a presentation, the robot was able to walk on stage and wave to the audience. Tesla showed prerecorded demos of the robot performing tasks like moving boxes and picking up a can.
- The second prototype, though unable to walk on its own, resembled more of the final version that Tesla expects to go into production.
- That version operates using Tesla-designed actuators, power electronics, and a 2.3 kWh battery pack, powering about a day's worth of work from a single charge, Musk said.
- The robot will utilize the same underlying technology as Tesla's self-driving systems.
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. You can reach her at Beth.Duckett@inside.com. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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