| 26.04.2024 03:12
FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement
The Federal Trade Commission announced this week that it will be providing refunds totaling more than $5.6 million to customers who purchased certain home security cameras made by Ring, a company owned by Amazon. This settlement comes after the F.T.C. sued Ring last May, accusing the company of all...
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| 24.04.2024 17:16
UK competition watchdog investigates Microsoft and Amazon's AI deals
British competition regulators have announced that they will be closely examining recent artificial intelligence deals involving tech giants Microsoft and Amazon. The Competition and Markets Authority (CMA) is specifically looking into Microsoft's partnership with Mistral AI from France and their h...
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| 22.04.2024 19:55
The EU ratchets up pressure on TikTok's new rewards app over risks to kids, warns of suspension
The European Union has demanded TikTok provide more information about its new app, TikTok Lite, which pays users to watch videos. The EU's executive Commission has opened formal proceedings to determine whether the app breaches the bloc's new digital rules after its rollout in France and Spain. The...
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| 19.04.2024 01:17
Netflix Surpasses 270 Million Subscribers in 2024
Netflix had a strong start to the year, gaining 9.3 million subscribers and seeing a significant increase in profit. The company's performance demonstrated that it is still building on the momentum from last year, when measures such as cracking down on password sharing and introducing a low-priced...
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| 18.04.2024 13:15
Google Fires 28 Employees Involved in Protest of Israeli Cloud Contract
Google has made headlines this week after firing more than two dozen employees who participated in protests against the company's cloud computing contract with the Israeli government. The workers were dismissed following sit-ins at Google's offices in New York and Sunnyvale, California, where they...
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| 11.04.2024 17:18
Amazon appoints AI expert Andrew Ng to board
Amazon, the tech giant based in Seattle, has announced the addition of artificial intelligence visionary Andrew Ng to its board of directors. Ng, currently a managing director at the AI Fund in Palo Alto, California, will be taking the seat previously held by former MTV CEO Judy McGrath. Ng's AI Fu...
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| 08.04.2024 13:50
Amazon Labor Union Faces Division Ahead of Leadership Election
Two years after making history with a victory at a warehouse in New York City, the first labor union for Amazon workers in the United States finds itself in disarray, facing financial difficulties and internal divisions. The Amazon Labor Union, led by president Chris Smalls, has been struggling to...
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| 04.04.2024 22:25
Tech companies seek clarity on achieving artificial general intelligence
The race for artificial general intelligence (AGI) is heating up among tech giants like Amazon, Google, Meta, and Microsoft, as well as organizations like OpenAI. AGI, the concept of machines being as smart as humans across a wide range of tasks, has become a top priority for these companies. Howev...
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| 03.04.2024 16:49
Amazon is removing Just Walk Out technology from its Fresh grocery stores in the US
Amazon is making significant changes to its Amazon Fresh stores, as the company announced it will be removing its Just Walk Out technology in favor of implementing smart carts. The Just Walk Out technology, which allowed customers to pay for items without standing in line and receive receipts after...
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| 27.03.2024 23:18
Amazon invests $2.75 billion in AI startup Anthropic
Amazon announced on Wednesday that it will be investing an additional $2.75 billion into Anthropic, an artificial intelligence startup based in San Francisco. This brings Amazon's total investment in Anthropic to $4 billion, with the Seattle-based tech giant maintaining a minority stake in the comp...
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| 25.03.2024 19:27
Europe threatens 'heavy' fines for Apple, Google, and Meta in new probes
The European Union has launched an investigation into tech giants Apple, Alphabet, and Meta under the new Digital Markets Act legislation. The probes focus on various issues such as anti-steering rules, self-preferencing, and compliance with DMA obligations. Apple has already been fined 1.8 billion...
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| 21.03.2024 18:25
Justice Department accuses Apple of illegal smartphone monopoly
The Justice Department, along with 16 state attorneys general, has filed a sweeping antitrust lawsuit against tech giant Apple, accusing the company of maintaining an illegal monopoly in the smartphone market that stifles competition and innovation. The lawsuit, filed in federal court in New Jersey...
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| 06.03.2024 17:13
Tech giants in Europe forced to change under Digital Markets Act
Europeans will soon see changes in their digital experiences as the Digital Markets Act (DMA) comes into effect, requiring tech giants like Amazon, Apple, Google, Meta, Microsoft, and TikTok owner ByteDance to adhere to new regulations by midnight Wednesday. The DMA, part of the European Union's ef...
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| 01.03.2024 01:07
Doorbell cameras on Amazon have security flaws
An investigation by Consumer Reports has revealed major security flaws in some doorbell cameras sold online by retailers such as Amazon, Walmart, Sears, and Shein. The cameras, manufactured by Chinese company Eken Group Ltd. under the brand names EKEN and Tuck, were found to have vulnerabilities th...
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| 29.02.2024 18:54
Figure partners with OpenAI and secures Jeff Bezos backing
OpenAI, the maker of ChatGPT, has announced a groundbreaking partnership with robotics startup Figure to integrate its artificial intelligence systems into humanoid robots. Figure, based in Sunnyvale, California, secured $675 million in venture capital funding from tech industry heavyweights includ...
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| 26.02.2024 18:46
Amazon Joins Dow Jones Industrial Average
Amazon.com Inc. is set to join the prestigious Dow Jones Industrial Average, replacing Walgreens Boots Alliance in the 30-company index. This move comes as a result of a 3-for-1 stock split by another Dow company, Walmart, which will reduce Walmart's stock price and weighting in the index. S&P Dow...
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| 20.02.2024 23:51
Walmart buys Vizio for $2.3 billion to enhance advertising business
Walmart Makes $2.3 Billion Deal to Acquire Smart TV Maker Vizio in Effort to Boost Advertising Business and Compete with Amazon In a bold move to expand its rapidly growing advertising business and compete with Amazon, Walmart has announced plans to acquire smart TV maker Vizio for $2.3 billion. Th...
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| 17.02.2024 03:52
Amazon argues that national labor board is unconstitutional, joining SpaceX and Trader Joe's
Amazon, the e-commerce giant, has joined the ranks of companies challenging the constitutionality of the National Labor Relations Board (NLRB). In a legal filing made on Thursday, Amazon argued that the 88-year-old agency is unconstitutional, echoing similar claims made by SpaceX and Trader Joe's e...
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| 16.02.2024 22:22
Tech companies unite to combat AI-generated election trickery
Major Technology Companies Sign Accord to Combat AI-Generated Deepfakes in Elections Tech giants including Adobe, Amazon, Google, IBM, Meta, Microsoft, OpenAI, and TikTok have come together to voluntarily adopt measures to prevent the use of artificial intelligence (AI) tools to disrupt democratic...
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| 16.02.2024 18:50
The European Union expands digital crackdown on toxic content, dodgy goods to all online platforms
The European Union is expanding its efforts to regulate online platforms in order to combat toxic social media content and unsafe ecommerce products. The EU's Digital Services Act (DSA), which initially targeted the largest online platforms such as Facebook, Instagram, YouTube, Amazon, and Wikipedi...
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| 15.02.2024 03:58
Cisco Systems Announces Massive Layoffs Amidst Tech Industry Downturn
In a move that reflects the growing trend of job insecurity in the technology industry, Cisco Systems, the internet networking pioneer, has announced that it will be laying off over 4,000 employees. This decision comes as a response to the company's latest quarterly results, which showed a decrease...
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| 14.02.2024 16:51
Jeff Bezos set to cash in billions from Amazon stock
In a surprising turn of events, Amazon's founder and executive chairman, Jeff Bezos, has announced plans to sell even more of his shares in the company. According to a statement filed with federal regulators, Bezos has already sold over $4 billion worth of his Amazon shares in the past few days, wi...
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| 05.02.2024 22:03
Snap Inc to Lay Off 10% of Global Workforce
Snap Inc, the parent company of Snapchat, has announced that it will be laying off over 500 employees, which amounts to approximately 10% of its global workforce. The majority of these job cuts are expected to take place in the first quarter of 2024. The company disclosed this information in a regu...
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| 05.02.2024 19:13
Snap to Cut 500 Jobs, Laying Off 10% of Workforce
Snap Inc, the parent company of Snapchat, has announced that it will be laying off 10% of its staff, which equates to approximately 500 jobs. The company made the announcement in a regulatory filing on Monday, stating that the layoffs are necessary in order to position the business for growth and t...
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| 02.02.2024 01:02
Amazon's holiday sales exceed expectations with strong revenue and profits
Amazon Reports Record-Breaking Fourth Quarter Revenue and Profits Seattle-based e-commerce giant, Amazon, announced on Thursday that it had surpassed expectations with its revenue and profits for the fourth quarter of 2023. The company reported $170 billion in revenue and $10.6 billion in profits,...
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| 31.01.2024 07:16
Italy Accuses OpenAI's ChatGPT of Breaching European Privacy Laws
Italian Regulators Notify OpenAI of GDPR Violations by ChatGPT AI Chatbot Italian regulators have informed OpenAI, a San Francisco-based artificial intelligence (AI) company, that its ChatGPT chatbot has violated the European Union's (EU) stringent data privacy rules. The country's data protection...
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| 29.01.2024 21:59
Amazon and iRobot merger scrapped, layoffs at Roomba maker
The highly anticipated $1.4 billion acquisition deal between Amazon and iRobot has been called off due to concerns raised by regulators in the European Union (EU) and the United States. The deal, which was first announced in August 2022, had initially received approval from regulators in the UK. Ho...
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| 26.01.2024 06:22
FTC Investigates AI Deals Including Microsoft's OpenAI Partnership
U.S. antitrust enforcers have launched an investigation into the relationships between leading artificial intelligence (AI) startups and tech giants Amazon, Google, and Microsoft. The inquiry is focused on the influence these companies have over the generative AI boom, particularly in relation to c...
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| 24.01.2024 01:19
TikTok joins tech industry layoffs, cuts dozens of jobs in new year
TikTok, the popular social media platform known for its short-form video content, is joining the list of tech companies trimming jobs in the new year. The Beijing-based company, owned by ByteDance, has confirmed that it is laying off 60 workers in its advertising and sales unit. While TikTok did no...
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| 23.01.2024 19:39
Amazon fined $35M in France for excessive tracking of warehouse workers
France's privacy watchdog, the CNIL, has fined Amazon's French warehouse business ?‚¬32 million ($35 million) for using an "excessively intrusive system" to monitor worker performance and activity. The system in question allowed managers at Amazon France Logistique to closely track employees, resul...
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| 23.01.2024 12:25
Riot Games, developer of "League of Legends," lays off 530 staff globally
In a surprising move, Riot Games, the developer of popular multiplayer battle game "League of Legends," has announced that it will be laying off 11% of its staff, totaling around 530 jobs. The Los Angeles-based company, which is owned by Chinese technology giant Tencent, stated that the decision wa...
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| 20.01.2024 19:08
Meta CEO Mark Zuckerberg commits to advancing human-level artificial intelligence
Meta CEO Mark Zuckerberg has announced that the company is intensifying its efforts in artificial intelligence (AI) and investing in massive data centers to outpace its competitors in developing human-level computer systems. In a Facebook post, Zuckerberg revealed that Meta is bringing together two...
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| 12.01.2024 06:02
Amazon's Audible cuts jobs in latest tech layoffs
In a series of job cuts hitting the technology industry, Audible, the online audiobook and podcast service owned by Amazon, has announced that it will be laying off approximately 5% of its workforce. This marks the third round of job cuts at Amazon's businesses this week, as the company aims to nav...
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| 12.01.2024 06:01
Consumer and privacy advocates reveal the 'Worst in Show' CES products
The Consumer Electronics Show (CES) in Las Vegas is known for showcasing the latest and greatest technological innovations. However, amidst the excitement and buzz surrounding the event, there are always products that raise concerns and fail to live up to expectations. This year, a panel of experts...
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| 12.01.2024 01:11
Microsoft briefly surpasses Apple as world's most valuable company
In a surprising turn of events, Microsoft briefly surpassed Apple as the world's most valuable company, thanks to its successful foray into generative AI. On Thursday, Microsoft's stock experienced a significant jump of up to 2%, pushing its market valuation to an impressive $2.903 trillion. Meanwh...
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| 12.01.2024 01:11
eBay fined $3m for employees' harassment and bug-sending to couple's home
In a shocking turn of events, online retailer eBay has agreed to pay a hefty $3 million fine to settle criminal charges related to a harassment campaign carried out by its own employees. The employees, who were previously prosecuted for their actions, engaged in a disturbing scheme aimed at intimid...
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| 11.01.2024 13:47
Google slashes jobs in hardware and voice assistant teams to reduce costs
In a bid to cut costs and prioritize key areas, Google has recently laid off a significant number of employees from its hardware, voice assistance, and engineering teams. The company stated that these organizational changes and role eliminations are part of a larger effort to responsibly invest in...
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| 10.01.2024 22:11
Twitch slashes 500 jobs in bid for profitability
In a bid to make its tremendously expensive division profitable, Twitch, the popular video game streaming platform owned by Amazon, has announced that it will be laying off over 500 employees. Twitch CEO, Dan Clancy, addressed the employees in an email, stating that despite cost cuts and increased...
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| 08.01.2024 23:36
Anticipating CES 2024: A Sneak Peek into the World of Tech
The annual Consumer Technology Association (CES) trade show, formerly known as the Consumer Electronics Show, is set to kick off in Las Vegas this week. With a focus on sustainability and the United Nations Human Security campaign, CES 2024 aims to showcase the latest advances and gadgets in person...
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| 03.01.2024 15:28
Warning: Popular Android apps concealing deceptive adware and new malware
A new Android Trojan called Xamalicious has been causing concern as it is able to bypass Google's strict Play Store protections. The virus disguises itself as innocent apps related to health, games, horoscope, and productivity, making it difficult for users to identify the threat. Google has taken...
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| 31.12.2023 15:33
Protect Your Credit and Bank Cards: Guard Against Hackers
Chameleon banking malware has resurfaced, posing an even greater threat to Android users. This sophisticated malware is capable of bypassing biometric security measures, such as fingerprint or face recognition, and stealing PINs and sensitive data. Known as the Chameleon Android banking trojan, it...
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| 28.12.2023 00:30
US appeals court temporarily lifts Apple Watch import ban
In a major patent dispute between tech giant Apple and medical-monitoring technology company Masimo, Apple has been granted a temporary pause on a ban that prevented the import of its Series 9 and Ultra 2 smartwatches into the United States. The ban was initially imposed by the US International Tra...
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| 26.12.2023 15:06
Apple Watch fiasco ends as newest model pulled from US shelves
In a major blow to Apple, President Joe Biden has declined to issue a last-minute, emergency action to keep the newest Apple Watch models on store shelves. This decision comes after the US International Trade Commission ruled that Apple's Apple Watch Series 9 and Apple Watch Ultra 2, along with oth...
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| 21.12.2023 01:42
Europe mandates age verification on major porn sites to safeguard children
Three of the world's largest porn websites, Pornhub, XVideos, and Stripchat, are facing new requirements in the European Union (EU) that will require them to verify the ages of their users. The EU, aiming to ensure internet safety, has expanded the reach of its digital law, the Digital Services Act...
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| 21.12.2023 00:08
Parler set to make a comeback in early 2024
The controversial social media platform Parler, known for its right-wing user base, is preparing for a comeback ahead of the presidential elections next year. After being temporarily taken offline following the January 6th insurrection, the new owners of Parler have announced plans for a "powerful...
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| 15.12.2023 00:21
Amazon prevails in EU tax battle, saves $270 million
In a blow to the European Union's efforts to tackle corporate tax avoidance, Amazon has emerged victorious in a long-standing legal battle over tax arrangements with Luxembourg's government. The ruling, delivered by the EU's top court, means that the U.S. e-commerce giant will not have to pay appro...
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| 11.12.2023 18:24
AWS chief Adam Selipsky talks generative AI, Amazon's investment in Anthropic and cloud cost cutting
In a recent interview with the Associated Press, Adam Selipsky, the CEO of Amazon Web Services (AWS), discussed the current state of cloud spending and the future of generative AI. Selipsky acknowledged that some AWS customers have been cutting back on their cloud spending due to challenges with th...
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| 09.12.2023 10:39
Amazon seeks dismissal of FTC's antitrust lawsuit
Amazon Files Motion to Dismiss FTC Antitrust Lawsuit Attorneys representing Amazon have requested the dismissal of the antitrust lawsuit filed by the Federal Trade Commission (FTC) in September. In a 31-page filing submitted to a federal court in Washington state, the e-commerce giant argued that t...
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| 07.12.2023 13:47
Leaked Memo Reveals Amazon's Ambitious Plans to Dominate California
An internal memo leaked from Amazon has revealed the company's strategic plans to expand its influence in Southern California through various initiatives aimed at improving its reputation and countering opposition from labor and environmental groups. The eight-page document, titled "community engag...
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| 04.12.2023 16:47
Spotify slashes workforce by 17% in latest round of layoffs
Music-streaming giant Spotify has announced that it will lay off approximately 1,500 employees, marking the company's third round of job cuts within a year. CEO Daniel Ek described this move as a "significant step change" for the business in an open letter to staff posted on the company's website....
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