Search results for "big tech"

Recharged: Energy seen as big winner after disastrous 2020

Energy companies spent the first quarter of 2021 recharging from a draining year. Wall Street expects that growth to continue as energy companies and many of the other companies beaten down by the virus benefit from the vaccine push aimed at bringing the pandemic to an end. Marathon Oil, Exxon Mobil and other stocks in […]

UK unveils plan for smaller, more high-tech armed forces

Britain plans to cut the size of its army and boost spending on drones, robots and a new “cyber force” under defense plans announced by the government on Monday. Defense Secretary Ben Wallace said the British Army would shrink from 76,500 soldiers to 72,500 by 2025. He said the army hadn’t been at its “established […]

'Big burden' for schools trying to give kids internet access

When the coronavirus pandemic shut down schools, educators had to figure out how to get kids online. Fast. In a patchwork approach born of desperation, they scrounged wireless hot spots, struck deals with cable companies and even created networks of their own. With federal relief money and assistance from state governments and philanthropists, they have […]

China moves to tame rapidly growing Tech sector, with Alibaba at the helm

Chinese antitrust regulators are considering a record fine to slap on e-commerce titan Alibaba Group along with smaller fines against other leading technology companies in a bid to tame China’s sprawling tech industry, The Wall Street Journal reported on Thursday citing people familiar with the matter. The regulator has already issued fines on Friday to […]

China, looking post-virus, to push tech autonomy at Congress

Chinese leaders are shifting focus from the coronavirus back to long-term goals of making China a technology leader at this year’s highest-profile political event, the meeting of its ceremonial legislature, amid tension with Washington and Europe over trade, Hong Kong and human rights. The National People’s Congress, which opens Friday, has no real power. But […]

AI panel urges US to boost tech skills amid China's rise

An artificial intelligence commission led by former Google CEO Eric Schmidt is urging the U.S. to boost its AI skills to counter China, including by pursuing “AI-enabled” weapons – something that Google itself has shied away from on ethical grounds. Schmidt and current executives from Google, Microsoft, Oracle and Amazon are among the 15 members […]

Tech firms say there's little doubt Russia behind major hack

Leading technology companies said Tuesday that a months long breach of corporate and government networks was so sophisticated, focused and labor-intensive that a nation had to be behind it, with all the evidence pointing to Russia. In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack […]

In Nevada desert, a technology firm aims to be a government

In the Nevada desert, a cryptocurrency magnate hopes to turn dreams of a futuristic “smart city” into reality. To do that, he’s asking the state to let companies like his form local governments on land they own, which would grant them power over everything from schools to law enforcement. Jeffrey Berns, CEO of Nevada-based Blockchains […]