Search results for "big tech companies"

TikTok Attacked for China Ties as Us Lawmakers Push for Ban

U.S. lawmakers on Thursday battered TikTok’s CEO about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns about the app’s power over Americans. CEO Shou Zi Chew’s testimony before Congress did little to assuage U.S. worries over TikTok’s China-based parent company ByteDance and added fresh […]

As AI Booms, EU Lawmakers Wrangle over New Rules

Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers […]

GM Explores Using ChatGPT in Vehicles

General Motors Co is exploring uses for ChatGPT as part of its broader collaboration with Microsoft Corp, a company executive told Reuters. “ChatGPT is going to be in everything,” GM Vice President Scott Miller said in an interview last week. The chatbot could be used to access information on how to use vehicle features normally […]

Nokia Changes Iconic Logo to Signal Strategy Shift

Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises five different shapes forming the word NOKIA. The iconic blue color of the old logo has been dropped for […]

Factbox-How to Get Microsoft’s New Ai-Enhanced Bing

Microsoft Corp on Tuesday unveiled a juiced-up version of its Bing search engine and Edge Web browser, powered by an upgraded version of ChatGPT’s underlying technology. The launch is limited to a “desktop limited preview” available on Tuesday. Users will need to go to this link and sign in to a Microsoft account to get […]

Microsoft Rolls Out Chatgpt-Powered Teams Premium

Microsoft Corp on Wednesday rolled out a premium Teams messaging offering powered by ChatGPT to simplify meetings using the AI chatbot that has taken Silicon Valley by a storm. The premium service will cost $7 per month in June before increasing to $10 in July, Microsoft said. OpenAI-owned ChatGPT will generate automatic meeting notes, recommend […]

Microsoft’s Cloud Business Keeps Profits Flowing in Tougher Times

Microsoft Corp posted results on Tuesday that showed some strength in the face of a weak economy, buttressed by a cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The relatively stable outlook helped assuage fears that the lucrative cloud segment for big […]

Microsoft to Invest in Autonomous Trucking Startup Gatik -Sources

Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company, two people familiar with the discussions told Reuters. Microsoft plans to invest over $10 million in a financing round that values Gatik at more than $700 million, the sources added. As […]

Meta Refuses to Give Up on Campaign to Disqualify FTC Chair

Meta Platforms Inc has almost no chance of barring the chair of the U.S. Federal Trade Commission, Lina Khan, from participation in the FTC’s challenge to Meta’s planned acquisition of virtual reality content developer Within Unlimited Inc. But that has not stopped Meta from continuing to wage a campaign for Khan’s disqualification, as evidenced most […]

Digital Ad Market Shows ‘Signs of Life’ but Economy Clouds 2023 Outlook

When Snap Inc kicks off the third-quarter earnings season for tech and social media companies on Thursday, investors are expecting modest revenue growth across most of the sector as results will be compared with a difficult 2021 when Apple Inc privacy changes began to upend the advertising industry. But a possible recession next year makes […]