Plus, the Justice Department has indicted a tech CEO over an allegedly fake data-center audit used to gain federal business. And, Netflix’s ad-supported tier is growing. Julie Chang hosts.
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[00:00:27] [SPEAKER_00]: Here's your TNB Tech Minute for Friday, October 18. I'm Julie Chang for The Wall Street Journal.
[00:00:33] [SPEAKER_00]: The U.S.'s top auto regulator is investigating Tesla's automated driving software after the system was linked to several crashes.
[00:00:41] [SPEAKER_00]: The National Highway Traffic Safety Administration said today it had identified four crashes involving Tesla's driver assistance system, which the company markets as full self-driving.
[00:00:51] [SPEAKER_00]: In one incident, a Tesla vehicle fatally struck a pedestrian.
[00:00:55] [SPEAKER_00]: That says that the crashes occurred in reduced visibility conditions.
[00:00:59] [SPEAKER_00]: Tesla didn't respond to a request for comment.
[00:01:01] [SPEAKER_00]: The Justice Department has indicted a tech CEO over an allegedly fake data center audit used to gain federal business.
[00:01:09] [SPEAKER_00]: The DOJ said Deepak Jain created an entity called Uptime Council that falsely certified the data center he provided to the Securities and Exchange Commission with the highest available rating.
[00:01:20] [SPEAKER_00]: But the SEC said it experienced problems at the data center from 2012 to 2018.
[00:01:25] [SPEAKER_00]: The SEC paid Jain's company $10.7 million over the course of its partnership.
[00:01:31] [SPEAKER_00]: Jain is charged with six counts of major fraud against the U.S. and one count of making false statements.
[00:01:36] [SPEAKER_00]: An attorney for Jain said his client is innocent and that there's no evidence that any data was lost or compromised in any way.
[00:01:42] [SPEAKER_00]: The SEC didn't respond to a request for comment.
[00:01:45] [SPEAKER_00]: And Netflix's ad-supported tier is growing at a healthy clip.
[00:01:51] [SPEAKER_00]: That's according to analysts at UBS.
[00:01:53] [SPEAKER_00]: They say Netflix saw a higher percentage of signups opting for its ad tier in Q3 than in Q2.
[00:01:59] [SPEAKER_00]: And that's leading management to expect ad revenue to double in 2025.
[00:02:03] [SPEAKER_00]: Netflix shares rose 11%, closing at a record high after the company reported its most profitable quarter ever yesterday.
[00:02:11] [SPEAKER_00]: For a deeper dive into what's happening in tech, check out Monday's Tech News Briefing podcast.