Search results for "tech companies "

Former Google AI researcher to join FTC

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 […]

Australia regulator demands face-scanning firm delete photos

An Australian privacy authority has ordered facial recognition company Clearview AI to stop scanning the faces of Australians and destroy the images and related data it has already collected. It’s the latest challenge for the New York startup that has angered privacy advocates around the world over its practice of “scraping” photos from social media […]

Yahoo pulls out of China, citing 'challenging' environment

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 grilled by UK lawmakers making online safety rules

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 […]

Apple loses $6 billion in revenue due to chip shortage crisis

The rippling effect the global chip shortage inflicted on Big Tech firms manifested into Apple’s fourth quarter (Q4) revenues, reporting in a $6 billion loss that could potentially delay manufacturing plans, according to CEO Tim Cook.   The Big Tech titan revealed Thursday its financial report for the fiscal year 2021, failing to accommodate Wall Street expectations, an outcome heavily attributed to […]

Salt Edge looks to steer digitalization of EU's banking sector

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 […]

In the middle of a crisis, Facebook Inc. renames itself Meta

Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the ” metaverse.” But the social network itself will still […]

EXPLAINER: What the metaverse is and how it will work

The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could spring up again when Facebook releases earnings Monday, is the latest buzzword to capture […]

Microsoft and Etisalat coact to develop 5G enterprise

Etisalat and Microsoft join forces to unleash its latest 5G enterprise by emerging Azure Multi-access Edge Compute, a power move to highlight the giant’s partnership with Emirate’s telco. In a press release, Etisalat revealed that its recent collaboration with the Big Tech titan’s digital crime unit (DCU) will empower digital security in the Middle East […]

Facebook's oversight board seeks details on VIPs' treatment

Facebook’s semi-independent oversight board says the company has fallen short of full disclosure on its internal system that exempts high-profile users from some or all of its content rules. Facebook “has not been fully forthcoming” with the overseers about its “XCheck,” or cross-check, system the board said in a report Thursday. It also said it […]