Senator Mark Warner is urging Microsoft to reconsider its presence in China, specifically its Bing search engine. In response to a Bloomberg Businessweek investigation revealing censorship of human rights and democracy-related content on Bing in compliance with Chinese regulations, Warner emphasized the contradiction with core US values of freedom...
Read moreIn a surprising turn of events, Instagram has emerged victorious in the battle for new app downloads, overtaking its rival TikTok last year. The Meta-owned platform's strategic push into short-form video content has proven to be a game-changer, with Instagram's total app downloads growing by an impressive 20 per...
Read moreIn a recent court filing, OpenAI has strongly rebutted Elon Musk's allegations against the company, calling them "incoherent" and based on convoluted factual premises. This response marks the company's first legal action following Musk's lawsuit in February, which targeted OpenAI, CEO Sam Altman, and President Greg Brockman. Musk accused...
Read moreReddit Inc. and its investors are gearing up for a significant milestone as they aim to raise up to $748 million through an initial public offering (IPO). This move would mark one of the most prominent IPOs of the year, showcasing the company's confidence in its potential for growth...
Read moreIn a significant move for labor rights in the tech industry, approximately 600 video game testers at Microsoft Corp.'s Activision Blizzard studios have successfully unionized. This development marks a significant milestone in the ongoing efforts to increase worker representation and protection within the sector. The move more than doubles...
Read moreA significant development unfolded in the ongoing efforts to address national security concerns surrounding TikTok, as a crucial House committee approved a bill that could potentially lead to the divestment of the popular video-sharing app. Spearheaded by a prominent Republican lawmaker, the proposed legislation aims to compel TikTok's Chinese...
Read moreParis-based startup Zama has secured $73 million in funding to advance its cryptography technology, aimed at bolstering data privacy for blockchain and artificial intelligence projects. The Series A funding round was led by crypto venture fund Multicoin Capital and Filecoin creator Protocol Labs, with participation from Solana blockchain’s co-founder...
Read moreInvestors in exchange-traded funds (ETFs) seem to have more faith in Bitcoin, often dubbed "digital gold," than in the traditional precious metal itself, as both assets reach record high prices. Spot Bitcoin ETFs have gained net flows since January launch Despite being considered stores of value and inflation hedges,...
Read moreAdvanced Micro Devices Inc., a leading semiconductor company, has faced a significant hurdle in its efforts to sell an artificial intelligence chip specifically tailored for the Chinese market. Sources familiar with the matter have revealed that AMD's attempts were thwarted by a US government intervention, reflecting the broader crackdown...
Read moreReddit Inc., the popular social media platform, is setting its sights on a valuation of up to $6.5 billion as it prepares for its much-anticipated initial public offering (IPO). Sources familiar with the matter revealed that Reddit is aiming to achieve this valuation in its IPO, indicating a significant...
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