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Red Herring Staff @ Red Herring 1 place · 07/11/2023 09:47 EDT

Threads, the new Meta-owned rival to Twitter, reached 100 million sign-ups within five days of launching, CEO Mark Zuckerberg said.  The rapid rise in numbers puts Threads ahead of ChatGPT as the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 06/16/2023 06:08 EDT

Foxconn to Switch Focus to Electric Vehicles 

Foxconn, the Taiwanese manufacturer of iPhones, will shift its focus towards electric cars in the future, in the face of strained relations between the United States and China.  Chairman Young Liu told… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 05/22/2023 10:11 EDT

Meta Hit With Record 1.2bn Euro Fine 

Meta has been issued a record 1.2 billion euro fine ($1.3 billion) by a European Union privacy regulator for the way it handles user data when transferring it between Europe and the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 05/12/2023 07:36 EDT

Alphabet Shares Jump After AI-Focused Developer Conference 

Shares of Alphabet, the parent company of Google, are trading at their highest price since last August, as the company made major announcements about its artificial intelligence offerings at its developer conference. … Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 05/02/2023 07:47 EDT

IBM Stops Hiring People for Some Jobs AI Can Do 

IBM will halt hiring in non-customer-facing positions that could be carried out by artificial intelligence, the company’s CEO Arvind Krishna told Bloomberg.  Krishna said the job cuts will primarily affect roles such… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 04/25/2023 12:25 EDT

U.K. Introduces Bill Boosting Regulator Power to Curb Big Tech Competition Abuses

The government of the United Kingdom has published a draft bill that would give its independent competition regulator extended powers to fine Big Tech companies for competition abuses.  The Digital Markets, Competition… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 04/19/2023 05:54 EDT

Netflix Pushes Back Password-Sharing Crackdown 

TV-streaming company Netflix posted a mixed quarterly financial report this week, as it pushed back the rollout of its new password-sharing crackdown initiative.  Netflix originally said the rollout, which will make it… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 04/17/2023 07:08 EDT

AI to Affect ‘Every Product of Every Company’ —Google’s Pichai 

Alphabet CEO Sundar Pichai said society will need to adapt to the new capabilities of AI, and “every product of every company” will be impacted by the technology.  Pichai talked at length… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 04/12/2023 07:54 EDT

PC Shipments Dropped Sharply in First Quarter of 2023

The PC market suffered a disappointing first quarter, with two analysts reporting worldwide shipments of desktops and laptops were down around 30% compared to the same period last year.  IDC reported that… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 03/28/2023 13:31 EDT

Twitter to Limit Recommended Timeline to Verified Users 

Elon Musk’s Twitter appears to be entering a new phase of changes and unrest, as the social media platform announced major alterations to its algorithms after a week of mostly bad news. … Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 03/16/2023 08:55 EDT

Baidu Shares Drop after Company Unveils ChatGPT Competitor 

China’s Baidu has unveiled Ernie bot, a Chinese-language competitor to OpenAI’s ChatGPT, but warned the product is not perfect.  Shares in the company fell nearly 6.4% to their lowest point since January… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 03/08/2023 08:40 EDT

China to Revamp Tech Oversight, Establish National Data Bureau 

China has announced plans to form a national data bureau, as it attempts to coordinate its data resources and achieve the “digital China” vision put forward by President Xi Jinping.  The new… Read more

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Red Herring
Red Herring Staff @ Red Herring 2 place · 03/07/2023 12:17 EDT

Best Buy Inks Deal for Hospital-at-Home Setup 

Consumer electronics retailer BestBuy has signed a three year deal with Atrium Health to sell the devices needed for patients to get hospital care at home.  The three year deal with the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 02/28/2023 06:31 EDT

FTC Warns Tech Companies Over AI Claims 

The Federal Trade Commission has warned technology companies in the United States it intends to crack down on overstated artificial intelligence claims.  The FTC, which promotes consumer rights, has released a statement… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 02/14/2023 05:38 EDT

Ford Cuts 3,800 Jobs in Europe as Shift to Electric Vehicles Continues 

Ford has announced it will cut 3,800 jobs in Europe over the next three years as the automaker switches its focus to electric vehicle production and adopts a “leaner” structure.  The car-making… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 02/03/2023 10:39 EDT

Meta Adds Nearly $100bn to Market Cap After Encouraging Q4 Earnings 

Shares in Meta, the parent company of Facebook, surged this week after the company reported earnings that beat expectations and announced it would buy back billions of dollars in its stock.  The… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 02/01/2023 06:20 EDT

AMD Beats Expectations as Fellow Chipmakers Struggle 

AMD reported better than expected earnings this week, bucking the trend as fellow chipmakers struggle.  The company’s fourth quarter results beat Wall Street expectations for both sales and profit, but did warn… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 01/30/2023 12:22 EDT

Baidu Set to Launch New AI Bot Similar to ChatGPT – Report 

Baidu, often described as the Chinese equivalent of Google, is to launch an artificial intelligence chatbot service similar to ChatGPT in March, according to a report by Reuters.  A source told the… Read more

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Red Herring
Red Herring Staff @ Red Herring 1 place · 01/26/2023 09:18 EDT

IBM Beats Revenue Estimates, Announces 3,900 Layoffs 

IBM’s quarterly revenue beat analyst estimates this week, as the company enjoyed higher than expected growth in its software and infrastructure segments. But it was also revealed the tech giant plans to… Read more

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Red Herring
Red Herring Staff @ Red Herring 2 place · 01/25/2023 11:07 EDT

U.S. Accuses Google of Abusing Ad Tech Monopoly 

The U.S. Justice Department and eight states have sued Google this week, claiming the company had illegally abused a monopoly over the technology behind online advertising.  Google’s anti-competitive actions “weakened if not… Read more

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18.05.2024 11:10
Last update: 11:01 EDT.
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