As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern. The SoftBank-owned firm used many pages of its IPO prospectus to warn investors of risks related to its exposure to China at a time of rising […]
China says it hasn’t issued any ban on Apple’s iPhone
China hasn’t issued any laws or rules to ban the use of iPhones or any other foreign phone brand, a Chinese government spokesperson said on Wednesday. “We have always been open to foreign companies and welcome them to seize the opportunities and share the fruits of China’s economic development,” Ministry of Foreign Affairs spokesperson Mao […]
Bill Gates, Elon Musk and Mark Zuckerberg meeting in Washington to discuss future AI regulations
Coming out of a three-hour Senate hearing on artificial intelligence, Elon Musk, the head of a handful of tech companies, summarized the grave risks of AI. “There’s some chance – above zero – that AI will kill us all. I think it’s low but there’s some chance,” Musk told reporters. “The consequences of getting AI […]
Google is laying off hundreds in its recruitment division
Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts. The latest cuts come after Google parent Alphabet in January eliminated 12,000 jobs, or about 6% of its workforce, across the company as it grappled with economic uncertainty that hit the company’s […]
Google reaches $93 million settlement in tracking location case
Google has reached a $93 million settlement with the state of California to resolve allegations that it was collecting consumers’ data without their consent, the state’s attorney general said in a statement Thursday. The California Department of Justice found that, after a multi-year investigation, the tech giant was “deceiving users by collecting, storing, and using […]