DIRS.INFO The most relevant business & tech news

☆ Shein accused of RICO violations in new lawsuit
▼ + stars: | 2023-07-14 | by ( Ellie Stevens | ) edition.cnn.com time to read: +2 min

CNN —Three graphic designers are suing Chinese fast-fashion giant Shein over what they allege is “egregious” copyright infringement and racketeering. In the lawsuit, which was filed in a California federal court Tuesday, the designers allege Shein produced and sold exact copies of their designs. Rather, there is a mysterious tech genius, Xu Yangtian aka Chris Xu,” the suit claims. According to their “About us” page, Shein says the company only produces 100 to 200 pieces of each model at launch. Those small quantities are intentional, the suit alleges: That way, before making more pieces, Shein can see if anyone complains about a stolen design.

Persons: Shein, “, Coco Chanel, Yves Saint Laurent, Xu Yangtian, Chris Xu, “ SHEIN, ” Krista Perry, Shein.com, shein.com Organizations: CNN, BBC Locations: California

Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work. "I think we should curb our optimism that San Francisco commercial real estate will bounce back because of AI," said Silicon Valley investor Jeremiah Owyang. Eleven of the country's top 20 AI companies are in San Francisco and have raised $15.7 billion collectively between 2008 and 2023. That amount is just 2.3% of the estimated 150,000 daily workers that downtown San Francisco lost during the pandemic. Reporting by Anna Tong in San Francisco; Editing by Sayantani Ghosh, Anna Driver and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, San, Jeremiah Owyang, Erin Price, Wright, OpenAI, Matt Schlicht, Mike Grabowski, Grabowski, Owyang, Lee Edwards, Daron Acemoglu, Anna Tong, Sayantani Ghosh, Anna Driver, Matthew Lewis Organizations: Intelligence, REUTERS, FRANCISCO, Reuters, Francisco, San Francisco Mayor London Breed's, San, Microsoft, Octane, Google, Nordstrom, Massachusetts Institute of Technology, Thomson Locations: San Francisco, California, U.S, Valley, NFX, Dubai

☆ Morgan Stanley: These 37 stocks are the emerging leaders of the global AI arms race, and will see double the profit growth of the broader market over the next 3 years
▼ + stars: | 2023-07-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

A July 6 report from Morgan Stanley lists the leading companies set to benefit from GenAI. According to the report, the total addressable market for AI technology is expected to triple from $90 billion to $275 billion in the next four years. This will result in continued sales and earnings growth within the industry over the next five to 10 years, which will directly benefit the AI leaders Morgan Stanley identified. Below are the 37 leading names that provide AI technology in various sectors. Each stock includes its category, Morgan Stanley's price targets displayed in local currencies, and whether it has an overweight or underweight rating from Morgan Stanley analysts.

Persons: Morgan Stanley, Goldman Sachs, Morgan, Shawn Kim, Kim, they're Organizations: Nvidia, Microsoft

☆ Be cautious buying A.I. ETFs, Bank of America says
▼ + stars: | 2023-07-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors should be wary of buying exchange-traded funds that hold artificial intelligence stocks to chase the trend's big gains, according to Bank of America. On Tuesday, investment and ETF strategist Jared Woodard initiated coverage of eight AI funds, which had an average gain of 27% year to date. … Valuations are steep: the average AI ETF trades at 31x earnings. Bank of America also cautioned that investors should be sure to check the holdings of any AI fund because some AI indexes are "loosely defined." Woodard wrote that the Global X Robotics & Artificial Intelligence ETF (BOTZ) is the closest thing to a "pure play" AI fund.

Persons: Jared Woodard, Woodard, CNBC's Michael Bloom Organizations: Bank of America, Nasdaq, Bank of, Intelligence, Technology, US, Global, Robotics, Nvidia

☆ Truth Behind Tech Industry's Fake Work Problem: Bad Managers, Bosses
▼ + stars: | 2023-07-10 | by ( Hugh Langley | Grace Kay | ) www.businessinsider.com time to read: +19 min

The tech employees spoke with us on the condition of anonymity to avoid professional reprisal. There's only one real culprit for the culture of "fake work," he said. The latest version of fake work emerged as part of the tech industry's pandemic-driven boom and bust. "I think COVID was an accelerator for fake work because a lot of these tech companies hired. As for Graham, he's since moved to another tech company, where he said he felt his contributions were more valued.

Persons: Graham, wouldn't, Keith Rabois, Rabois, Brit Levy, Scott Latham, University of Massachusetts Lowell, Brent Peterson, Gaylan Nielson, Rich Moran, " Moran, Melina Mara, he'd, Moran, Anna Tavis, Stewart Butterfield, Bloomberg's, LINDSEY WASSON, it's, Salesforce, What's, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Brad Glasser, Meta, Greg Selker, Stanton Chase, Jessica Kennedy, Kennedy, NYU's Tavis, Hugh Langley, Grace Kay Organizations: Amazon, Alexa, Big Tech, Google, University of Massachusetts, Washington, Getty, Meta, Microsoft, overhiring, New York University's School, Professional Studies, Slack, Command, Bloomberg, Vanderbilt University, Companies Locations: New, Salesforce, he's

☆ Twitter’s future is in doubt as Threads tops 100 million users
▼ + stars: | 2023-07-10 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

The results underscore the risk Meta poses to Twitter’s business and raise questions about how, or if, Twitter can stem its losses. Twitter traffic had already been trending downward for months, according to data from the internet infrastructure company Cloudflare and the web analytics firm Similarweb. “Twitter traffic tanking,” Prince said as he posted the chart. A Twitter rival but not quite a Twitter replacementFueling Threads’ rapid growth has been Meta’s use of Instagram as a springboard to sign up new users, along with what many Threads users have identified as a dissatisfaction with Twitter. But after a Threads user pointed out that the new app was not featured in Twitter’s trending topics tab, Zuckerberg replied “Concerning” with a crying-laughter emoji.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Twitter didn’t, Cloudflare, Matthew Prince, ” Prince, Similarweb, ”, David Carr, We’ve, Alex Stamos, —, Stamos, ” Stamos, Kim Kardashian, Jeff Bezos, Axios, Adam Mosseri, Mosseri, Musk Organizations: Washington CNN, Twitter, Meta, Elon, CNN, “, Stanford Internet Observatory, Facebook

☆ 'I've seen this show before': A renowned market bear who called the dot-com bubble warns a recession is still barreling toward the US economy — and stocks are due to suffer as misguided optimism fuels
▼ + stars: | 2023-07-08 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

There's a fairly simple way to characterize Societe Generale strategist Albert Edwards' latest note to clients. Bears are boys who cried wolf (recession), and investors are the shepherd who have become sick of the ongoing warnings and have stopped heeding their calls. Societe GeneraleAll of this optimism is likely a mistake, Edwards said as he doubled down on his recession call. In an May note, Edwards said "recession is a done deal," citing The Conference Board's Leading Economic Index, which has been at recessionary levels for months now. The indicators takes into account variables like manufacturing activity, stock performance, consumer confidence, housing market activity, and bond market activity.

Persons: Albert Edwards, Edwards, downgrades, —, I'm, Michelle Cluver, Jason Draho, Neil Dutta, Ian Shepherdson Organizations: Societe Generale, Bears, Generale All, Generale, Investors, Bureau of Labor Statistics, X, Federal Reserve, UBS, Macro

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

☆ AI could supercharge the Gen Z takeover
▼ + stars: | 2023-07-01 | by ( Alexandra York | Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Experts told Insider that Gen Z was well positioned to capitalize on the AI boom. That could supercharge Gen Z careers, as generative AI is expected to affect millions of jobs, and companies are already seeking talent to help navigate those changes. "From that perspective, Gen Z should be in a good position to capitalize on the AI boom." Gen Zers are using AI for research and brainstormingLais Silva, a Gen Z content manager at a social-media startup, said she'd essentially replaced Google with ChatGPT. Older generations could have a competitive edge over Gen Z because of experience — if they're open to learning AI toolsThe AI revolution isn't guaranteed to be a boon for Gen Z workers.

Persons: Z, —, AJ Eckstein, He's, He'll, Eckstein isn't, they'd, Gen Zers, ChatGPT, Carl Benedikt Frey, Eckstein, Lais Silva, she'd, Morgan Young, chatbots, She'll, Oxford's Frey, Columbia's Netzer, Gen Organizations: Service, Fortune, Columbia Business School, Pew, Oxford University, Google

☆ The US stock market rally is unsustainable, but making these 20 international investments can lead to long-term profits, according to 3 fund managers with over $43 billion in combined assets
▼ + stars: | 2023-06-30 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

International stocks have underperformed for over a decade, while US growth names took off. However, foreign companies have attractive relative valuations and earnings growth. Why foreign stocks are more than just a good dealAnyone bullish on international stocks will almost always point to their valuations relative to US companies. Investors can get downside protection in this uncertain environment by buying international stocks that are high quality and can generate their own growth, Deladerriere said. And in addition to their rising earnings growth, the fund manager noted that the two pay sizable dividends.

Persons: they've, Nick Paul, Paul, Steve Gorham, who's, Gorham, Wes Crill, Crill, isn't, Alexis Deladerriere, Deladerriere, there's, Goldman, haven't, He's, it's Organizations: MFS Investment Management, Value, Vanguard, Index, Yahoo Finance, Dimensional Fund Advisors, Fund, Goldman Sachs International Equity Income, Goldman, Asset Management, Goldman Sachs, Management, HSBC, BNP, Schneider, MFS, Hitachi Locations: Europe, Asia, BlackRock, weightings, Gorham, Japan, London, Paris, Spanish, Ukraine, France, Australia, Taiwan

☆ Leaked document shows Amazon is in talks to expand its cloud contract with the Dutch government. It just passed a major privacy test, too.
▼ + stars: | 2023-06-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon and the Dutch government are in talks to significantly expand the cloud deal between them. Amazon just passed an important data privacy test by the Dutch government. Amazon Web Services is in discussion to significantly expand its cloud contract with the Dutch government. The deal talks are taking place in the midst of a series of Dutch audits over AWS's data privacy measures, according to the document. Last week, AWS passed the Dutch government's Data Privacy Impact Assessment (DPIA), a key part of complying with Europe's General Data Protection Regulation, known as GDPR.

Persons: Amazon's, Eugene Kim Organizations: Amazon, Dutch Ministry of Justice, AWS, Security, Data, New York Times Locations: Government

☆ A new tech bull market is here - and expect strong second-quarter earnings to add more fuel to the rally, Wedbush analyst Dan Ives says
▼ + stars: | 2023-06-30 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

A new tech bull market has arrived - and it's here to stay, according to Wedbush analyst Dan Ives. He said a strong earnings season next month is set to put "more fuel in the tank of this tech rally." US tech stocks have soared this year, thanks to investor excitement over the rise of artificial intelligence. We believe the stage is set for a tech earnings season put more fuel in the tank of this tech rally," Ives said in a tweet on Friday. "2q starts it the next month," Ives said in his most recent tweet, referring to the earnings season that will see companies release reports between mid-July and August.

Persons: Dan Ives, —, Ives, It's Organizations: Service, Big Tech, Apple, Nvidia, Microsoft, Oracle Locations: Santa Clara

☆ Chinese spy balloon used US tech to spy on Americans-WSJ
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - The Chinese spy balloon that passed over the U.S. early this year used American technology that helped it collect audio-visual information, the Wall Street Journal reported on Wednesday, citing preliminary findings from a closely held investigation. The findings support a conclusion that the craft was intended for spying, and not for weather monitoring as China had claimed, the report said. But the balloon did not seem to send data from its eight-day passage over Alaska, Canada and some other contiguous US states back to China, WSJ said. In February, the U.S. shot down the balloon, which had flown over sensitive military sites, sparking a diplomatic crisis. Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Muralikumar Anantharaman & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Shubhendu Deshmukh, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Wall Street, Federal Bureau of Investigation, Thomson Locations: U.S, China, Alaska, Canada, Bengaluru

Silicon Valley is bracing for what it fears will be an "extinction event" threatening the survival of hundreds of startups. Tom Loverro, a investor at 40-year-old Bay Area venture capital firm IVP, has been loudly warning for months on Twitter and in media interviews about a coming "mass extinction event" for startups. The total volume of venture capital investment into US startups has slumped for six consecutive quarters, according to data firm Pitchbook. Even a last-ditch slashing of the startup's prospective valuation — a "down-round," in Silicon Valley parlance — didn't whet investors' appetites. Over the past year, many startups that rely on Silicon Valley funding have been steeling themselves for the slowdown to avoid similar fates.

Persons: —, they're, Jennifer Neundorfer, That's, Tom Loverro, Loverro, Consuelo Vanderbilt, Vanderbilt, Cameron Lester, I've, Lester, Linda Ahrens, Ahrens, Unown, " Ahrens, Anna Dittrich, Plastiq, Vincent Harrison, Elad Gil, Steve Brotman, Brotman, Will Hawthorne, VC's, Mike Ryan, Pitchbook's Harrison, Sell, Hawthorne Organizations: Ventures, Sequoia Capital, —, Venture, Twitter, United States Federal Reserve, Jefferies, January Ventures, Alpha Partners, Avid Capital, Sugar, Menlo, BulletPoint Network Locations: Silicon, Sequoia, IVP, Valley, Instacart, Navan, Boston, Snowflake, America

☆ Opinion | How ‘Being Animal’ Could Help Us Be Better Humans
▼ + stars: | 2023-06-27 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

One of the oldest human ideas is that we are somehow different from animals, somehow superior to them. [You can listen to this episode of “The Ezra Klein Show” on Apple, Spotify, Amazon Music, Google or wherever you get your podcasts.] Humans have long defined ourselves by our cognitive intelligence, yet the machines we’re building are rapidly surpassing our minds. What does it mean to be human in a world where we are no longer superior by the standards we’ve created? You can listen to our whole conversation by following “The Ezra Klein Show” on Apple, Spotify, Google or wherever you get your podcasts.

Persons: Melanie Challenger, “, Ezra Klein Organizations: Apple, Spotify, Amazon Music, Google

☆ Mark Zuckerberg's comeback is in full swing
▼ + stars: | 2023-06-26 | by ( Hasan Chowdhury | Shona Ghosh | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg is revamping his image, showing off his martial arts skills on Instagram. Beating Elon Musk in a cage fight would strengthen his comeback. That also plays well to a certain kind of tech crowd — the kind that loves both Joe Rogan and Lex Fridman. No wonder he's accepted a cage-fight challenge from Elon Musk. In another vindication, Apple has fueled hype for Mark Zuckerberg's pet project, the metaverse, by launching the Apple Vision Pro mixed-reality headset.

Persons: Mark Zuckerberg, Elon, —, Grace Kay, Zuckerberg, Joe Rogan, Lex Fridman, he's, Elon Musk, Zuck couldn't, Zuckerberg's Augustus, Meta, Apple, Mark Zuckerberg's, Musk, hasn't, Zuck, that's Organizations: Morning, Twitter, Apple Vision Locations: Instagram

☆ 10 Things in Tech: Airbnb's Montana smackdown, Microsoft whining, Salesforce worrying, and Reddit rage
▼ + stars: | 2023-06-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.

Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London

☆ The US's biggest arms buyers are looking elsewhere for a next-generation fighter jet, but it won't be easy to find
▼ + stars: | 2023-06-26 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

But Washington has proved to be wary of selling those countries US-made stealth fighter jets. That leaves the Gulf states with various non-US options, which don't look all that promising — at least not any time soon. A prototype of Russia's Su-75 fighter jet at the MAKS-2021 air show outside Moscow in July 2021. AP Photo/Alexander ZemlianichenkoIn 2021, shortly after unveiling its Su-75 fighter, Russia offered to co-produce the jet, which is still in development, with the UAE. While China may eventually offer its FC-31/J-35 stealth fighter for export, it must first demonstrate the jet's effectiveness to attract serious buyers.

Persons: —, Sebastien Roblin, Chris Thornbury, Abraham, Abu Dhabi, FCAS, Roblin, Russia's Su, Alexander Zemlianichenko, Abu Dhabi's, Emily Hawthorne, RANE, Hawthorne, isn't, JOHANNES EISELE, Paul Iddon Organizations: Qatar —, Service, United Arab, —, US Air Force, Al Dhafra, Base, Staff, Abraham Accords, Reuters, AP, East, Korea's KF, Yonhap, Cooperation Council, KF, FC, Getty Locations: Saudi Arabia, UAE, Qatar, Washington, Gulf, United Arab Emirates, Chris Thornbury But Washington, Israel, Riyadh, British, France, Germany, Turkey, Moscow, Russia, Ukraine, Abu Dhabi, Russian, North Africa, Sacheon, South Korea, Seoul, Korea, Zhuhai, AFP, China

☆ Sam Altman is AI's compelling preacher. The world is ready to bow down.
▼ + stars: | 2023-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Sam Altman is a man on a mission: Sell the world on AI. Insider spoke to people who met or saw Altman during his tour, who say the CEO was a convincing preacher. Sam Altman knows he's at an inflection point. On June 9, at a fireside chat in Seoul, Korea, the OpenAI CEO acknowledged he was on a "diplomatic mission." "Sam replied that he did not know and asked the student to tell him in ten years," Mathew said.

Persons: Sam Altman, Altman, Isaac Herzog, He's, Narendra Modi, Yoon Suk, Emmanuel Macron, Rishi Sunak, ChatGPT, Varshal Gupta, Gupta, OpenAI, Sam, Frances, …, Jacob Mathew, Mathew, Felfoul Organizations: Knights, Innovation, Google, Health, OpenAI, Qatar National Library, European Union, EU, WISE Locations: Seoul, Korea, Israel, Jordan, Qatar, UAE, India, Tel Aviv, South Korea, France, Delhi, Doha, European

☆ Tech workers are willing to give up on high salaries and take a pay cut amid mass layoffs, survey shows
▼ + stars: | 2023-06-24 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The majority of tech workers in a Blind survey said they'd accept equal or lower pay. Many of those surveyed attributed their willingness to accept lower pay to an uncertain job market. Tech workers have been questioning for months whether its the end of the era of $500,000+ pay. Mass layoffs appear to have spooked many tech workers into being willing to accept lower salaries, according to a new study. The platform attributed the higher impact on mid-level tech workers to an "oversupply of mid-level talent" in the market.

Persons: they'd, they're Organizations: Tech, Morning, Google, Blind, Seattle — Locations: San Francisco , New York City

☆ Drug discovery and 'techbio': What Europe's health startup investors are betting on in 2023
▼ + stars: | 2023-06-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

They named drug discovery and the emerging 'techbio' sector as areas of interest. COVID-19 fueled huge interest in health-tech startups, with VCs pouring a record $25.1 billion into health and biotech startups in 2021. Startups in the space are bringing new applications of tech to fields such as drug discovery, bioengineering, and patient care. VCs are still betting on drug discoveryEven though funding into drug discovery startups has significantly stalled this year, at just $126 million, startup valuations have picked up since 2022. Health-tech VCs won't splurge cashWhile COVID-19 did give healthtech startups a chance at the spotlight, they were still overshadowed by their counterparts in fintech and software-as-a-service.

Persons: techbio, healthtech Organizations: Morning, VCs, pharma, Big Pharma Locations: fintech, Munich, Germany, Europe

☆ EU official visits Twitter headquarters to ‘stress test’ its ability to handle content moderation
▼ + stars: | 2023-06-23 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

On Thursday, EU Commissioner Thierry Breton and a team of staff descended on Twitter’s headquarters in San Francisco to perform a “stress test” of the company’s ability to moderate online content. Josh Edelson/AFP/Getty ImagesBreton did not say whether he believes Twitter passed its stress test, but described the session as a “constructive dialogue” that Twitter voluntarily agreed to undertake. “Europe is very important to Twitter and we’re focused on our continued partnership.”In a speech Thursday, Breton said Twitter is not the only company that will be receiving a stress test. “Compliance with European rules is not a punishment. Concerns about Twitter’s ability to handle hate speech, misinformation and other challenges have grown since Musk’s purchase of the company last year.

Persons: Thierry Breton, “, ” Breton, Elon Musk, Josh Edelson, Breton, Twitter, ”, Linda Yaccarino, we’re, Sundar Pichai, Mark Zuckerberg, Sam Altman, Jensen Huang Organizations: CNN, European Union, Twitter, Facebook, Digital Services, DSA, Internal, Getty, ”, “, Nvidia Locations: San Francisco, San Francisco , California, AFP, “ Europe, Europe

☆ Facebook to end news access in Canada over incoming law on paying publishers
▼ + stars: | 2023-06-22 | by ( ) edition.cnn.com time to read: +3 min

CNN —Meta Platforms Inc plans to end access to news on Facebook and Instagram for all users in Canada once a parliament-approved legislation requiring internet giants to pay news publishers comes into effect, the company said on Thursday. “Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act taking effect,” Meta said in a statement. Earlier this month, Prime Minister Justin Trudeau said Meta and Google were using “bullying tactics” as they campaign against the legislation. Google and Facebook had also threatened to curtail their services in Australia when similar rules were passed into law. The heritage ministry has had meetings with Facebook and Google this week, and it looks forward to further discussions, a government spokesperson said.

Persons: ” Meta, ”, Justin Trudeau, Meta, Pablo Rodriguez, ” Rodriguez, Danielle Coffey, “, ” Coffey Organizations: CNN, Inc, Facebook, “, Google, Heritage, News Media Alliance, Big Tech Locations: Canada, Australia, Europe, United States

☆ TikTok acknowledges some US creator data may be stored in China
▼ + stars: | 2023-06-22 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Other exceptions include “public data, business metrics, [and] interoperability data,” TikTok told the senators, describing how some of the data it collects is meant to assist with its legal compliance obligations. The creator data is distinct from what TikTok refers to as “protected data” involving app-based information — including users’ behavioral data — that the US government deems more sensitive, TikTok told US lawmakers. In the document, TikTok does not explicitly say that creator data is stored in China. But TikTok’s disclosure drawing the distinction between protected user data and creator data comes after Blackburn and Blumenthal challenged the truthfulness of TikTok’s testimony in light of a Forbes report finding that TikTok was storing some US financial data in China. “TikTok has been clear that there are certain, limited exceptions to the definition of protected data,” the company wrote.

Persons: CNN — TikTok, Sen, Marsha Blackburn, Richard Blumenthal, TikTok, Shou Chew, “, ” TikTok, Chew, Blumenthal, “ TikTok, Blackburn, ” Blackburn Organizations: CNN, TikTok, Foreign Investment, Texas, Blackburn, Forbes Locations: China, Washington, Texas, United States

☆ A lonely tech worker's post about being 'a lot happier' after returning to the office sparked a debate around if that's only for people without kids or a hard commute
▼ + stars: | 2023-06-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

A tech worker's post sparked a debate on who benefits or is inconvenienced by returning to the office. Some workers said the return to in-person work helped them feel less isolated. Other workers pointed out that it's less ideal for workers with kids or long commutes. In the Blind post, the employee broke down his average day now that his company works in person, including a one-hour commute by train. A Microsoft employee added that returning to in-person work would be most ideal for people who lived in areas with high quality public transportation.

Persons: I've, Meta's Mark Zuckerberg Organizations: Microsoft, Street Journal

Search resuls for: "US Tech"

25 mentions found