Search results for "new ai"

US government sues to block $40 billion Nvidia-Arm chip deal

The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could hurt the growth of new technologies. Nvidia Corp., based in Santa Clara, California, said in September 2020 that it was buying United Kingdom-based Arm Ltd. […]

Gates, French Gates offer post-divorce philanthropic plans

Bill Gates and Melinda French Gates say they will still work with the Giving Pledge, the campaign they co-founded with Warren Buffett in 2010 to encourage billionaires to donate the majority of their wealth through philanthropy. But following their divorce earlier this year, the two will do it separately and in their own ways. In […]

Meta uncovers global disinformation battle; Congress talks 230 reforms

As governmental entities abuse social media platforms’ influence on a universal scale, Facebook released on Wednesday a report highlighting its takedown on global disinformation networks promoting false information to manipulate the public’s opinion. One thing the January 6 Capitol riot uncovered is that social media platforms, especially Facebook, have an influential effect on shaping the […]

From Square to Block: Another tech company changes its name

There’s a new Silicon Valley corporate name change on the block. A month after Facebook renamed itself Meta, Square Inc., the payments company headed by former Twitter CEO Jack Dorsey, is changing its name to Block Inc. The San Francisco-based company said Wednesday it’s making the change because the Square name has become synonymous with […]

'Buy now, pay later' catches on just in time for holidays

As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, “buy now, pay later” is now available for purchasing […]

Haugen urges lawmakers to avert impasse on social media laws

Ex-Facebook employee and whistleblower Frances Haugen implored lawmakers Wednesday to avert the usual congressional stalemates as they weigh proposals to curb abuses on social media platforms by limiting the companies’ free-speech protections against legal liability. Still, Haugen urged caution in making changes to the 1996 law that provides legal protection both for content the platforms […]

Facebook: Fake scientist used to spread anti-US propaganda

A disinformation network with ties to China used hundreds of fake social media accounts — including one belonging to a fictitious Swiss biologist — to spread an unfounded claim that the U.S. pressured scientists to blame China for the coronavirus, Facebook said Wednesday. The company based in Menlo Park, California, did not directly attribute the […]

Semiconductor crisis to last till early 2023, Deloitte reports

Consulting firm, Deloitte, released on Wednesday its latest report addressing the ongoing global semiconductor crisis, with predictions of the crunch to last till early 2023. Deloitte’s research stated that even though the chip shortage crisis’ intensity will be far less severe than it is now, chances are customers will wait around 10 to 20 weeks for a […]

Meta’s co-founder of Diem Project, David Marcus to depart company

Top cryptocurrency executive at Meta Platforms Inc., David Marcus, publicized on Tuesday his departure from Meta’s Diem Project after seven years of service to pursue different entrepreneurial projects. Marcus joined Facebook’s team in 2014 to supervise the networking platform’s Messenger division. Then, in December 2017, he was reshuffled to take charge of the giant’s cryptocurrency […]