It’s now possible to invest in bitcoin on Australia’s largest stock exchange. Is the currency going mainstream?

Credit: Pixabay from Pexels The Australian Securities Exchange (ASX) has just seen the listing of its first bitcoin spot exchange-traded fund—”ETF” for short. Issued by investment management firm VanEck, the new investment product is trading under the ticker symbol “VBTC.” It’s not the first bitcoin ETF to launch in Australia, others have been available for […]

US billionaire eyes TikTok takeover to save internet from Big Tech

US real estate billionaire Frank McCourt speaks during an interview at the Collision 2024 tech conference. Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children. In the United States, McCourt is best known […]

Amazon to invest extra 10 bn euros in Germany

Credit: Unsplash/CC0 Public Domain Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant’s latest major investment in Europe. A total of 8.8 billion euros will come from Amazon’s cloud computing division AWS and will be invested in southwest Germany […]

Amazon fined nearly $6 million for violations at Inland Empire warehouses

Credit: Unsplash/CC0 Public Domain California has fined Amazon nearly $6 million for violating a law meant to protect warehouse workers from misuse of production quotas, state officials announced Tuesday. The $5.9 million in penalties, which were issued last month, stem from demands that the behemoth e-commerce company placed on thousands of workers at two of […]

How the dominance of big companies like Nvidia is creating a ‘split world’ in tech

Credit: Pixabay/CC0 Public Domain Nvidia’s stock is up roughly 200% in the last year and has helped push the technology-heavy S&P 500 to record highs, accounting for more than a third of the index’s gains this year. Yet, only three companies—Microsoft, Nvidia and Apple—account for over 20% of the value of the S&P 500. Northeastern […]

Mouse shakers, power naps: Corporate America fights ‘keyboard fraud’

Wells Fargo made headlines for firing employees who tried to outsmart monitoring technology with fake keyboard activity. A US banking giant fired more than a dozen employees for “simulating keyboard activity,” highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers. The sackings by Wells […]

US regulator says TikTok may be violating child privacy law

Credit: Unsplash/CC0 Public Domain The US Federal Trade Commission (FTC) announced Tuesday that it had referred a complaint against TikTok to the Justice Department, saying the popular video sharing app may be violating child privacy laws. The complaint, which also names TikTok’s Chinese parent company Bytedance, stems from an investigation launched following a 2019 settlement, […]

Boeing CEO recognizes ‘gravity’ of safety crisis but sees ‘progress’

Boeing CEO Dave Calhoun will face tough questioning in a Senate panel. Boeing’s CEO acknowledged to a US congressional panel Tuesday that the company’s culture was imperfect, but insisted the aviation giant was making progress and committed to improving safety. “Our culture is far from perfect, but we are taking action and making progress,” Calhoun […]

Nvidia becomes world’s most valuable company on stock market

Jensen Huang, CEO of Nvidia, which overtook Microsoft and Apple as the world’s most valuable publicly traded company. Nvidia edged ahead of other tech companies Tuesday to become the world’s most valuable publicly traded company in the latest sign of the might of artificial intelligence. The chip company, which has enjoyed a monumental ascent over […]

Study finds limited explanations in AI might benefit consumers

Credit: Pixabay/CC0 Public Domain Recent algorithms in artificial intelligence (AI) are often referred to as “black box” models, meaning their inputs and operations are not visible to the user or any other party, making their decisions difficult to interpret. eXplainable AI (XAI) is a class of methods that seeks to address the lack of AI […]

McDonald’s is ending its test run of AI-powered drive-thrus with IBM

A McDonald’s restaurant is seen, Feb. 14, 2018, in Ridgeland, Miss. McDonald’s confirmed, Tuesday, June 18, 2024, that it’s decided to end a global partnership with IBM, which has been testing an artifical intelligence technology at select McDonald’s drive thrus since 2021.Credit: AP Photo/Rogelio V. Solis, File Ever get your McDonald’s order mixed up at […]

Boeing CEO to face Capitol Hill grilling

Boeing CEO Dave Calhoun will face tough questioning in a Senate panel. Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers. The hearing, an examination of “Boeing’s Broken Safety Culture,” follows an April session of the […]

Music platform CEO says AI is not the enemy

BandLab CEO Meng Ru Kwok thinks AI is no substitute for a real musician. Musicians around the world have described artificial intelligence as a threat to creativity, but the CEO of one popular platform told AFP he thinks critics are looking at it all wrong. BandLab, a mostly free online music workstation and distribution platform […]

Meteoric rise of South Korea’s webtoons powers Nasdaq IPO

Bae Jin-soo is one of the biggest names in South Korea’s thriving billion-dollar webtoon industry. When Bae Jin-soo quit his well-paying job at one of South Korea’s biggest conglomerates to write stories, his parents were so upset they kicked him out of the house. But around seventeen years later, Bae is one of the biggest […]

Apple insists its ChatGPT tie-up will protect users’ privacy: Here are the questions it must answer first

Credit: Unsplash/CC0 Public Domain Apple, a company known for its longstanding commitment to user privacy, has received flak since unveiling its artificial intelligence (AI) strategy at its Worldwide Developers Conference on June 10. This relates to the centerpiece of Apple Intelligence, which gives users access to OpenAI’s powerful generative AI tool, ChatGPT. Some users welcomed […]

Robo-revolution: From lab to market

Peter King, team lead of Continuous3D. Credit: Nick Pitsas Dr. Peter King, a manufacturing researcher at our Clayton site, came across a problem in the lab six years ago. He found that before the team could start any lab work, they had to spend a lot of time programming. “This was the case with every […]

Google ad tech antitrust suit will go to trial, judge rules

Credit: Pixabay/CC0 Public Domain Alphabet Inc. will have to defend itself at trial against all of the US Justice Department’s claims of a Google monopoly in online advertising technology after a federal judge rejected the tech giant’s request to decide the case ahead of time. “We’re going to let this go to trial” as scheduled […]

Meta pauses AI plans in Europe after privacy complaints

Credit: Julio Lopez from Pexels Meta has paused plans to use personal data to train its artificial intelligence technology in Europe, Ireland’s regulator said Friday, after the social media giant was hit with privacy complaints. Last week, a Vienna-based privacy campaign group filed complaints in 11 European countries against Meta, saying the global tech giant’s […]

France makes 700-mn-euro offer for Atos security units

Tech giant Atos provides IT servies to the French military and the Paris Olympics. Debt-laden tech group Atos said Friday the French state has made a 700-million-euro bid for its most sensitive businesses, including cybersecurity and supercomputers used for the country’s nuclear deterrent. The offer, equivalent to $750 million, comes weeks after Paris said it […]

Tesla shareholders back huge payout for CEO Musk, company says

Tech billionaire Elon Musk is encouraging shareholders in electric automaker Tesla to vote in favor of a plan that includes a massive pay package for the company’s founder and chief executive. Tesla shareholders voted in favor of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, […]

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