The A.I. Election, Bitcoin’s Wall Street Debut and TikTok’s Doodad Era
“Two truly terrible ways to make money this week.”
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Alphabet’s X division lays off dozens of workers to further cut costs
Google parent Alphabet will reportedly lay off dozens of workers in a secretive division that develops new technology as part of the search giant’s broader cost-cutting push. In recent months, the division, called X Lab, has been in talks with venture capitalists, sovereign wealth funds and private equity firms on funding, people familiar with the matter…
Meta further tightens restrictions on DMs from strangers to underage users
Meta further tightened restrictions to prevent strangers from directly contacting underage users on Thursday — a move critics said is long overdue as concerns mount about child safety on Facebook and Instagram. The new rules were revealed on Thursday as Meta faces a series of explosive lawsuits — including a sweeping salvo from 33 states…
Apple could face antitrust lawsuit from DOJ as early as March
Apple is set to face an antitrust lawsuit as soon as March as the Justice Department prepares to argue that the tech behemoth puts limitations on its iPhones and iPads that prevents rivals from effectively competing, according to a report. The DOJ’s is aiming to file the suit sometime in the first quarter, which ends…
Self-made millionaire shares 4 secrets to his success
Who wants to be a millionaire? A New Yorker is sharing his four secrets to success — perseverance, endless curiosity, innovation, and balance — after inventing an app at just 14 years old propelled him to the millionaire’s club. “Success is rarely an overnight phenomenon — it’s the result of consistent effort over time,” entrepreneur…
Amazon hit with $35M fine for ‘excessively intrusive’ worker productivity monitoring
Amazon was slapped with a $35 million fine Tuesday after regulators in France determined that the e-commerce giant has an “excessively intrusive system” for keeping tabs on its warehouse workers. The French Data Protection Authority, or CNIL, called out the company’s branch in the country, Amazon France Logistique, for requiring employees to use a barcode…
Can other tech companies catch up to NVIDIA in the AI age?
AI, or artificial intelligence, has taken the world by storm since the launch of Chat GPT in late 2022 — shaking the windows and rattling the walls of every institution, from governments and universities to Fortune 500 companies and trade unions. Proponents claim it will usher in a new era of economic productivity, prosperity, and…