Search results for "China"

AppLovin Offers to Buy Video Game Software Maker Unity in $17.5 Billion Deal

Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer video game software maker Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity’s announced plan to acquire AppLovin’s smaller competitor ironSource. AppLovin has offered $58.85 for each Unity share, which represents a premium of 18 percent to […]

Attacks on Taiwan Websites Likely Work of Chinese 'Hacktivists' - Researchers

Digital attacks against Taiwanese government websites ahead of U.S. House of Representatives Speaker Nancy Pelosi’s arrival in Tapei on Tuesday were likely launched by Chinese activist hackers rather than the Chinese government, a cybersecurity research organisation said. The website of Taiwan’s presidential office was targeted by a distributed denial of service (DDoS) attack on Tuesday […]

Alibaba Added to SEC's Delisting Watchlist, Shares Fall

Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba’s shares were down 11 percent at $89.37 at the closing bell, ending the month 21.4 percent lower. The e-commerce giant’s shares were already feeling the pressure […]

U.S. Justice Department Probing Cyber Breach of Federal Court Records System

The U.S. Justice Department is investigating a cyber breach involving the federal court records management system, the department’s top national security attorney told lawmakers on Thursday. Matt Olsen, head of the Justice Department’s National Security Division, alluded to the threat of cyber attacks by foreign nations as he told the U.S. House of Representative Judiciary […]

Biden Meets CEOs, Labor; Backs Bill to Boost U.S. Chips Production

President Joe Biden met virtually on Monday with the chief executives of Lockheed Martin Corp, Medtronic PLC and Cummins Inc along with labor leaders as part of the administration’s push for legislation to boost the U.S. semiconductor industry. “Congress must pass this bill as soon as possible,” Biden said. “There is an economic imperative…. This […]

Ford to Buy Cheaper CATL EV Batteries to Catch Tesla

Ford Motor Co on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the next decade. Ford Vice President […]

Do we Depend on Technology Too Much?

From the moment our ancestors used sticks to poke at termite mounts or threw rocks at predators, our species has been fundamentally tied to the technologies that we use. As time went on, humanity became increasingly tied to the items we forge and create, and society itself was built and maintained with the tools in […]

How Technology is Steering us Towards Digital Totalitarianism

Social media, the internet, and other digital tools, which were once hailed as great forces for human empowerment, connectivity, and liberation, have quickly come to be seen as a serious threat to democratic stability and human freedom. Social media platforms are demonstrating the potential to exacerbate risks such as authoritarian privacy violations, partisan echo chambers, […]

Japan May Force Big Tech Companies to Disclose Their Algorithms

Big tech companies such as Meta (Facebook), Google, Amazon, Twitter, and others have always tried to keep their algorithms close to their hearts. At the end of the day, these long stretches of code are main contributors to the company’s revenue streams. Whether it is in marketing, advertisement selection, recommendation, search optimization, or other functionalities, […]