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Technology

Technology

New York AG announces $2 billion settlement with crypto lender Genesis

New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion to repay defrauded investors. The company, once a business...

by admin May 20, 2024
New York AG announces  billion settlement with crypto lender Genesis
Technology

Microsoft set to unveil its vision for AI PCs at Build developer conference

Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26,...

by admin May 19, 2024
Microsoft set to unveil its vision for AI PCs at Build developer conference
Technology

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a person...

by admin May 17, 2024
OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
Technology

BlackRock funds are ‘crushing shareholder rights,’ says activist Boaz Weinstein

Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7,...

by admin May 17, 2024
BlackRock funds are ‘crushing shareholder rights,' says activist Boaz Weinstein
Technology

As Tesla layoffs continue, here are 600 jobs the company cut in California

As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees...

by admin May 17, 2024
As Tesla layoffs continue, here are 600 jobs the company cut in California
Technology

AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone

Michael Intrator, CEO of CoreWeave, participates in a CNBC interview on May 9, 2024. CNBC Fresh off a $1.1 billion equity funding round, artificial...

by admin May 17, 2024
AI infrastructure startup CoreWeave raises .5 billion in debt deal led by Blackstone
Technology

Reddit soars after announcing OpenAI deal that allows use of its data for training AI models

The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on...

by admin May 16, 2024
Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
Technology

After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Figma, a cloud-based...

by admin May 16, 2024
After Adobe collapse, Figma deal allows employees to sell shares at .5 billion valuation
Technology

Meta slapped with child safety probe under sweeping EU tech law

Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC....

by admin May 16, 2024
Meta slapped with child safety probe under sweeping EU tech law
Technology

Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions

A man walks past Microsoft’s local headquarters in Beijing on July 20, 2021.  Noel Celis | Afp | Getty Images Microsoft has reportedly asked...

by admin May 16, 2024
Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
Technology

China is still an important market even if investors diversify from it now, says Peak XV

Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other...

by admin May 15, 2024
China is still an important market even if investors diversify from it now, says Peak XV
Technology

These wall-climbing, AI-powered robots are finding the flaws in ‘D’ grade U.S. infrastructure, from commuter bridges to military hardware

The collapse of Baltimore’s Francis Scott Key Bridge earlier this year and an I-95 overpass in Philadelphia last June weren’t triggered by structural flaws — a...

by admin May 15, 2024
These wall-climbing, AI-powered robots are finding the flaws in 'D' grade U.S. infrastructure, from commuter bridges to military hardware
Technology

Palo Alto Networks is buying security assets from IBM to expand customer base

Palo Alto Networks is buying cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access...

by admin May 15, 2024
Palo Alto Networks is buying security assets from IBM to expand customer base
Technology

Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024....

by admin May 15, 2024
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Technology

OpenAI co-founder Ilya Sutskever says he will leave the startup

OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the Microsoft-backed startup. “I am excited for what comes next — a project that is...

by admin May 14, 2024
OpenAI co-founder Ilya Sutskever says he will leave the startup
Technology

Google CEO Pichai says company will ‘sort it out’ if OpenAI misused YouTube for AI training

Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023. David Paul Morris | Bloomberg...

by admin May 14, 2024
Google CEO Pichai says company will 'sort it out' if OpenAI misused YouTube for AI training
Technology

Google I/O wrap-up: Gemini AI updates, new search features and more

Google CEO Sundar Pichai speaks at the Google I/O developer conference.  Andrej Sokolow | Picture Alliance | Getty Images Google on Tuesday hosted its...

by admin May 14, 2024
Google I/O wrap-up: Gemini AI updates, new search features and more
Technology

Tesla is sued over air pollution from factory operations in Fremont, California

An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California.  Justin Sullivan | Getty Images Tesla is being sued...

by admin May 14, 2024
Tesla is sued over air pollution from factory operations in Fremont, California
Technology

AI boom to keep supply of high-end memory chips ‘tight’ this year, analysts warn

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Samsung’s profit rebounded...

by admin May 14, 2024
AI boom to keep supply of high-end memory chips 'tight' this year, analysts warn
Technology

Early Facebook investor Accel raises $650 million fund to back European and Israeli startups

From left to right, Accel general partners Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, and Philippe Botteri. Accel Venture capital firm Accel...

by admin May 13, 2024
Early Facebook investor Accel raises 0 million fund to back European and Israeli startups
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