The UK’s medical regulator approved on Thursday the first oral pill treating COVID-19 developed by U.S.-based pharmaceutical companies Merck, Sharp and Dohme, and Ridgeback Biotherapeutics, with the government ordering 480,000 courses due for delivery in November. The pill, called Molnupiravir, will be administered to those recently diagnosed with the virus twice a day. The pill […]
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In the growing battle between federal agencies and the Big Tech league, the Federal Trade Commission (FTC) will welcome former Google AI researcher Meredith Whittaker to its force as a senior advisor on artificial intelligence (AI). The researcher revealed on Wednesday on Twitter that it will redirect its career path towards the governmental entity. Whittaker […]
Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes effect. […]
Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants, may have tipped the scales […]
Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others. “This change will represent one of the largest shifts in facial recognition usage in the technology’s history,” Jerome Pesenti, vice president of […]
The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year. In a 22-page report issued Monday, the Treasury Department and several other regulators said the legislation should require that stablecoin issuers become banks, which would […]
We humans are curious creatures. If we weren’t we would still be living in caves, if living at all. It is in our nature to pursue answers about the cosmos, why things are the way they are, how they came to be, and endlessly more complex questions. Among the most baffling questions that keep scientists awake at night is ‘what is life’. The future of biotechnology may hold the answer to […]
Companies in China would need government approval to transfer important data abroad under proposed rules announced Friday that would tighten Beijing’s control over information and might disrupt operations for international corporations. The measure is needed to protect the Chinese public and “safeguard national security,” the Cyberspace Administration of China said. President Xi Jinping’s government sees […]
British lawmakers grilled Facebook on Thursday over how it handles online safety as European countries move to rein in the power of social media companies. Facebook’s head of safety said the tech giant supports regulation and has no business interest in providing people with an “unsafe experience.” Representatives from Google, Twitter and TikTok also answered […]
The global financial sector is witnessing an ever-growing change shaping Europe’s banking infrastructure into an increasingly competitive market. Open banking proved to people how it can alter financial services to accommodate their needs; all while fostering a continuing digitalization of modern life as Fintech companies set the stage for simplified yet optimized solutions to deliver […]