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☆ Apple's horrible day — explained in 60 seconds
▼ + stars: | 2024-03-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The US DOJ, with 16 state attorneys general, has filed a civil antitrust lawsuit against Apple. Apple says the suit is "wrong on the facts and the law," and it will "vigorously" defend itself. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meanwhile, it was a bad day for Apple's stock, which was down more than 4% at market close. AdvertisementHere are the five key areas where prosecutors say Apple is breaking the law and harming consumers:1.

Persons: —, Apple, Prosecutors — Organizations: DOJ, Apple, Service, US Department of Justice, Prosecutors, Microsoft, Department

☆ Microsoft to spend $3.2b in Australia as AI regulation looms
▼ + stars: | 2023-10-23 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, Oct 24 (Reuters) - Microsoft (MSFT.O) said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence (AI) and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security. The U.S. tech giant said it would raise its computing capacity in Australia by 250%, enabling the world's No. "This is a major investment in the skills and workers of the future," Australian Prime Minister Anthony Albanese said in a statement issued by Microsoft. A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. It said it would expand its data centre footprint in Australia from 20 sites to 29.

Persons: OpenAI, Anthony Albanese, Gonzalo Fuentes, Brad Smith, Steven Worrall, Byron Kaye, Gerry Doyle Organizations: SYDNEY, Microsoft, Australian Signals Directorate, REUTERS, Australia, Thomson Locations: Australia, U.S, Issy, Paris, France

☆ Singapore's Changi Airport will soon go passport-free
▼ + stars: | 2023-09-20 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

Starting in 2024, officials say Singapore’s Changi Airport will introduce automated immigration clearance, which will allow passengers to depart the city-state without passports, using only biometric data. Biometric technology, along with facial recognition software, is already in use to some extent in Changi Airport at automated lanes at immigration checkpoints. But passports will still be required for many countries outside of Singapore that do not offer passport-free clearance, Teo stressed. Departure hall at Terminal 3 of Singapore's Changi Airport. Markus Mainka/imageBROKER/ShutterstockOften ranked the world’s best airport and also one of the busiest, Singapore’s Changi Airport serves more than 100 airlines that fly to 400 cities in around 100 countries and territories worldwide.

Persons: Josephine Teo, ” Teo, Biometrics, Teo, Markus Mainka, Indira Gandhi, Paris Charles de Gaulle Organizations: CNN, ” Communications, Singapore's, Singapore’s Changi, Changi, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, International Civil Aviation Organization, American Airlines, United, Delta Locations: Singapore, Changi Airport, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Aruba

☆ Dependence on Tech Caused ‘Staggering’ Education Inequality, U.N. Agency Says
▼ + stars: | 2023-09-06 | by ( Natasha Singer | More About Natasha Singer | ) www.nytimes.com time to read: +1 min

In early 2020, as the coronavirus spread, schools around the world abruptly halted in-person education. To many governments and parents, moving classes online seemed the obvious stopgap solution. In the United States, school districts scrambled to secure digital devices for students. Almost overnight, videoconferencing software like Zoom became the main platform teachers used to deliver real-time instruction to students at home. Now a report from UNESCO, the United Nations’ educational and cultural organization, says that overreliance on remote learning technology during the pandemic led to “staggering” education inequality around the world.

Persons: “, ” Organizations: UNESCO, United Nations, Education Locations: United States

☆ Full Stack Observability is key for modern businesses
▼ + stars: | 2023-07-27 | by ( Sponsor Post | Created Insider Studios With Cisco | ) www.businessinsider.com time to read: +6 min

Full Stack Observability provides the key to unlock all that. From that standpoint, Cisco's Full Stack Observability represents an industry revolution. With Full Stack Observability, customers and partners can develop modern solutions to empower new observability use-cases delivering on great end-user and application experiences. "All of this rolls up to the most important aspect of Cisco Full Stack Observability. Let Cisco's Full Stack Observability help your business deliver flawless, secure digital experiences.

Persons: Carlos Pereira, OpenTelemetry, Pereira, Cisco's, they're, We've Organizations: Companies, Cisco, Insider Studios

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Persons: Price, 4TB, it's, It’s, xD Organizations: Amazon, Lexar, Western Digital, PlayStation, Seagate, Nintendo, Western, Samsung, Price, PRO, Secure Digital Locations: Seagate

☆ How Singapore has become a leading force in tech innovation
▼ + stars: | 2023-07-07 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +8 min

Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.

Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode

☆ SoLo Funds, peer-to-peer loan platform for underserved banking consumers, is expanding to Nigeria
▼ + stars: | 2023-06-29 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +7 min

Expansion to Nigeria, Williams said, is a first step on the path to further international growth. In Nigeria, SoLo Funds has already connected with Paga, a mobile payment company, Platform Capital, an African investing firm based in Nigeria, and Endeavor, an entrepreneurial community network. SoLo Funds users have the opportunity to lend small amounts of money, ranging from $50-$1,000, to peers on the platform. That mission has not come without controversy, and allegations that SoLo Funds is creating a new form of predatory short-term lending. The complexity of lending regulation in the U.S. on a state-by-state basis has prepared SoLo Funds for the equally complex international launch.

Persons: Williams, Elon, " Williams, Rodney Williams, Travis Holoway, We've Organizations: Procter & Gamble, Visa, Intel, Synchrony, CNBC, Aspen Ideas, Platform, Endeavor, Google, NBCUniversal News Locations: Nigeria, Africa, America, Connecticut, California, Washington, United States, U.S, Latin America, Southeast Asia

☆ Bipartisan bill would require parental consent for minors to use social media
▼ + stars: | 2023-04-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

A new bipartisan bill unveiled Wednesday would require parental consent for anyone under 18 to use social media. It would also create a pilot program for a new age verification credential that could be used to enroll on social media platforms. In addition to parental consent to use social media, the bill requires such companies to "take reasonable steps beyond merely requiring attestation" to verify users' ages. The bill says that "existing age verification technologies" should be taken into account and that information collected for age verification purposes shouldn't be used for anything else. WATCH: Tiktok hearing was an 'unmitigated disaster' for social media app, says Stanford's Jacob Helberg

☆ Amazon CEO Andy Jassy says he's confident he can get costs under control in shareholder letter
▼ + stars: | 2023-04-13 | by ( Annie Palmer | ) www.cnbc.com time to read: +38 min

Further, as machine learning adoption has continued to accelerate, customers have yearned for lower-cost GPUs (the chips most commonly used for machine learning). While some areas of the economy have struggled over the past few years, Amazon Business has thrived. Some people have never heard of Amazon Business, but, our business customers love it. For years, Amazon customers had asked us when we'd offer them an online pharmacy as their frustrations mounted with current providers. More recently, a newer form of machine learning, called Generative AI, has burst onto the scene and promises to significantly accelerate machine learning adoption.

☆ Amazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
▼ + stars: | 2023-04-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +38 min

☆ Layoffs are set to continue. But workers from this sector may likely escape
▼ + stars: | 2023-03-02 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

Cybersecurity professionals are vital in reducing risks of cyberattacks, especially so in times of financial instability, experts told CNBC Make It. Demand for these roles are likely to increase as ... the complexity of cyberattacks are intensifying in scale and scope. "These advancements have driven the need for reliable and experienced cybersecurity professionals to build and maintain secure digital infrastructures," he added. The increased risk of cyberthreats is also a key contributor to higher demand for cybersecurity professionals, said Pooja Chhabria, LinkedIn's head of editorial for Asia-Pacific. "The need for cybersecurity professionals who can identify and prevent these attacks will become paramount."

☆ How to find a job in the one tech market that is not seeing layoffs: Cybersecurity
▼ + stars: | 2023-01-26 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +7 min

Sakorn Sukkasemsakorn | Istock | Getty ImagesStrong demand for cybersecurity workers is continuing even as big technology companies lay off thousands of employees. But with a supply-demand ratio currently at 68 workers per 100 job openings, the nearly 530,000 more cybersecurity workers need in the U.S. went up year over year. The total number of employed cybersecurity workers was estimated at 1.1 million, steady year over year. Lightcast says that public sector job demand trend isn't a one-year phenomenon, growing by 58% over the past three years in all. Related to that, the Washington, D.C. metro area accounted for 19% of all public sector domestic cybersecurity job listings.

☆ FTX Hires Ex-Regulators to Investigate Firm’s Collapse
▼ + stars: | 2022-11-23 | by ( Mengqi Sun | ) www.wsj.com time to read: +5 min

Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to help untangle the mess: former senior U.S. regulators. FTX said this week it has been in contact with investigators, The Wall Street Journal previously reported. FTX, which is based in the Bahamas, also has hired Nardello & Co., an investigations firm that specializes in anti-corruption and fraud cases, Mr. Bromley said in court Tuesday. The name of the cybersecurity company wasn’t disclosed because of concerns over continuing cyberattacks on FTX, he said. The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get.

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