E-commerce giant Alibaba Group’s shares plummeted on Thursday in both New York and Hong Kong listings by more than 10 percent, following the giant’s drastic cut in sales, led by slow growth in China’s consumer spending. Following the quarterly results, Alibaba revealed expectations of reaching a 20 to 30 percent rise in sales in the […]
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U.S. Congress leaders revealed on Wednesday that lawmakers are working on a draft to discuss a definitive settlement on a bill to elevate semiconductor manufacturing and U.S. technology rivalry with China. The Senate and the House of Representatives leaders declared their latest tactic to heighten the country’s technological empowerment margin. Democratic New York Senator and […]
Haptic gloves company “HaptX” is alleging that Meta has emulated its design in its latest uncovering for the Haptic Glove in Wednesday’s reveal, stating it appears “to be substantially identical” to its patents. Virtual Reality (VR) and Augmented Reality (AR) haptic glove pioneer HaptX pointed fingers at Meta – formerly known as Facebook – stating […]
Years after coming under scrutiny for contributing to ethnic and religious violence in Myanmar, Facebook still has problems detecting and moderating hate speech and misinformation on its platform in the Southeast Asian nation, internal documents viewed by The Associated Press show. Three years ago, the company commissioned a report that found Facebook was used to […]
Google announced on Tuesday the release of its latest feature directed at local journalism readers and reports to assist in organizing local news outlets. The latest feature will deliver more transparency to homegrown news content when individuals seek information concerning their community. According to the search engine, its latest feature is not a new one […]
Australian Prime Minister Scott Morrison on Wednesday announced a new plan to protect and promote technologies critical to the national interest, including quantum technologies, in a challenge to China’s emerging dominance in key strategic fields. The initial focus would be on nine critical technologies on a list of 63. The top nine include quantum technologies […]
A group of U.S. states filed Friday in a New York federal court an amended lawsuit against Google advertising monopoly with allegations of breaking antitrust laws by adopting strongarm strategies to empower its ads business. Alphabet’s unit has been under fire for its affiliated methodologies to heighten its supremacy in the advertising market, with regulatory […]
President Joe Biden signed on Monday a $1 trillion infrastructure bill to reconstruct the country’s foundation from roads, electricity and expanding access to broadband internet. The President’s latest legislation will be the heftiest federal funding for infrastructural framework in more than a decade. The program incorporates a $65 million funding to enhance broadband accessibility to […]
Amazon has agreed to pay $500,000 and be monitored by California officials to ensure it properly notifies its workers about new coronavirus cases, the state’s attorney general said Monday. Amazon employs about 150,000 people in California, most of them at 100 “fulfillment centers” — sprawling warehouses where orders are packed and shipped. The agreement, which […]
Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything. Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt […]