As media executives look to pop the stock of flagging publicly traded companies, tech advances are becoming the new gimmick to wow (even temporarily) the investing class. When Endeavor CEO Ari Emanuel opened his company’s earnings call with prepared remarks Feb. 28, a casual listener hearing him tout the UFC Read more…
The White House said Tuesday it backs a bill in Congress to give the Biden administration new powers to ban Chinese-owned video app TikTok and other foreign technologies that could pose security threats. White House National Security Advisor Jake Sullivan said the bipartisan bill sponsored by a dozen senators “would Read more…
Meta, the owner of Facebook andInstagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The world’s largest social networking company is eliminating more jobs, on top of a 13% reduction in November, in Read more…
Germany’s government is planning on forbidding telecoms operators from using certain components from Chinese companies Huawei and ZTE in their 5G networks, German paper Zeit Online reported on Monday. The ban could include components already built into the networks, requiring operators to remove and replace them, Zeit Online wrote, citing Read more…
Silicon Valley VCs fearing a repeat of falling crypto values warn against pouring cash into hype-fuelled start-ups. Gordon Ritter, founder of San Francisco-based venture fund Emergence Capital, believes that recent developments in the field of artificial intelligence represent a significant technological advance. He just cannot see a way to make Read more…
It has been more than a decade since Jeff Bezos excitedly sketched out his vision for Alexa on a whiteboard at Amazon’s headquarters. His voice assistant would help do all manner of tasks, such as shop online, control gadgets, or even read kids a bedtime story. But the Amazon founder’s Read more…
A Federal Reserve Zoom event with more than 220 people was canceled after a user hijacked proceedings and displayed pornographic content. The hijack left Fed Governor Christopher Waller unable to deliver his opening remarks because graphic images from a call participant named “Dan” began to pop up on the screen. Read more…