Search results for "new ai"

Some praise, some doubts as Facebook rolls out a prayer tool

Facebook already asks for your thoughts. Now it wants your prayers. The social media giant has rolled out a new prayer request feature, a tool embraced by some religious leaders as a cutting-edge way to engage the faithful online. Others are eyeing it warily as they weigh its usefulness against the privacy and security concerns […]

Twitter is changing their look after complaints flooded the platform

Twitter is learning a hard lesson on the importance of accessibility. After releasing on Wednesday new designs that were meant to make the platform more accessible, the micro-blogging website said it was “listening and iterating” its design based on feedback from users.  No one said change was easy, but for Twitter users, the adjustments felt like they’ve been listening to construction work […]

China Mobile net profit soars by 6% driven by new 5G users

China Mobile announced on Thursday a 6 percent year-on-year (YoY) increase in net profit for the first half of 2021, driven by new 5G users.  In its recent report, the state-owned telecom revealed that its net profit for H1 of 2021 hiked to $9.12 billion from $8.61 billion for the same period last year.  The telco highlighted that its new 5G users enhanced average revenue per user.  As for operating revenues, China Mobile amounted $68.5 billion for the first six months of […]

Facebook removes anti-vax Russian disinformation campaigns

Facebook announced on Tuesday that it has removed 65 and 243 Facebook and Instagram accounts respectively that were involved in anti-vax disinformation campaigns operating from Russia.  The Big Tech company highlighted in its report that accounts originated in Russia targeted audiences primarily in India, Latin America, and to a lesser extent, the U.S.   Facebook’s investigation found links between this campaign and Fazze, a subsidiary of a U.K-registered marketing firm AdNow, whose operations were […]

How Reddit raised its value to $10 billion

After doubling its value in only six months, Reddit, the social networking site often labeled as the front page of the internet, is now worth more than $10 billion after earning $410 million in funding.  The company announced the milestone through an in-depth interview with The New York Times, in which Reddit’s co-founder and CEO Steve Huffman disclosed how the company managed to raise its value in a short […]

Beijing axes Pony.ai's IPO plans

China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]

Energy giant promises more perks in New Mexico utility case

A top executive with global energy giant Iberdrola is promising more perks if local governments and others in New Mexico clear the way for a proposed multibillion-dollar utility merger that could affect the way power is produced and distributed in the state for years to come, Iberdrola’s chief development officer, Pedro Azagra Blázquez, was cross-examined […]

China Telecom aims for $8.5 billion in Shanghai’s IPO

Amidst Washington’s deadlock with Beijing, China Telecom may potentially elevate its Shanghai’s initial public offering (IPO) to more than $8 billion leading to its biggest offering this year in the Shanghai Stock Exchange, following the firm’s delisting in its New York counterpart (NYSE) in January.  Following Chinese media reports, the Beijing-based firm established its IPO at $0.70 per share, inflating the firm’s worth […]

MTN backs out of Ethiopia, as it renews operating license in Rwanda

South Africa’s MTN have expressed their unlikeliness to resubmit a bid to enter Ethiopia’s telecoms market, Bloomberg reported citing sources familiar with the matter.   The company’s possible move, came after Ethiopia announced earlier this week plans to re-open bidding on second operator license including the right to operate mobile financial services.  This comes as a surprise to many, as […]