Shares were mostly higher in Asia on Monday after a report Friday showed resilience in the U.S. jobs market. European markets were closed for Easter holidays. Benchmarks rose in Tokyo and Seoul but fell in Shanghai. Markets were closed in Hong Kong and Sydney. U.S. futures were mixed and oil prices climbed. The highly anticipated…
Asian Shares Higher After Report Shows Resilience in US Jobs
April 10, 2023
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AsiaBusiness & MarketsCompanieseconomic policieseconomyenergyGold and CommoditiesinflationMarketsrecessionstocks
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Goodyear Wins Reversal of $64 Million Loss in Tire Trade-Secret Case
Goodyear Tire & Rubber Co. convinced an Ohio federal judge to throw out a $64 million jury verdict over its alleged theft of trade secrets related to self-inflating tires. U.S. District Judge Sara Lioi said most of the trade secrets that Czech company Coda Development SRO accused Goodyear of stealing were too vague to be…
One of the World’s Fastest Growing Media Group’s Removes Itself From TikTok, Calls the App A ‘Spy Network’
April 9, 2023
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AustraliaBusiness & MarketsChinaCompaniesFinance & Business Tiesforbesforeign inteferenceMedia & Big TechSky News AustraliaSpecial TopicsTechtechnologyTikTokWorld
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Sky News Australia, one of the world’s leading media networks, has announced that it would discontinue publishing to the popular Chinese app TikTok in an effort to protect its reporters and audiences from security risks. Sky called TikTok a “spy network masquerading as a social media platform,” saying the risks of being on TikTok are…
‘Spy Network’: One of the World’s Fastest Growing Media Group’s Removes Itself From TikTok
April 9, 2023
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AustraliaBusiness & MarketsChinaCompaniesFinance & Business Tiesforbesforeign inteferenceMedia & Big TechSky News AustraliaSpecial TopicsTechtechnologyTikTokWorld
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Right-leaning news channel Sky News Australia has announced that it would discontinue publishing to the popular Chinese app TikTok in an effort to protect its reporters and audiences from security risks. Sky called TikTok a “spy network masquerading as a social media platform,” saying the risks of being on TikTok are “far too great for any…
Foxconn Q1 Sales Edge Up, but Q2 Outlook Poor
TAIPEI—Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc., said that revenue in the first quarter rose 3.9 percent year-on-year, but that sales for the current quarter would be down. Revenue last month reached the third highest on record for March at T$400.3 billion ($13.14 billion), though that represented…
Baidu Sues Apple, App Developers Over Fake Ernie Bot Apps
April 9, 2023
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AIapplebaiduBusiness & MarketsChinaChina Business & EconomyCompaniesErnieMedia & Big TechsueTechTech Newstechnology
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SHANGHAI—Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc. over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the U.S.-developed chatbot ChatGPT. Baidu said it had lodged…
Virgin Orbit’s Would-Be White Knight and a $200 Million Rescue That Fell Flat
As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue. Within two days of being contacted by Brown, Virgin Orbit Chief Executive Dan Hart had secured board backing for a preliminary agreement with the 33-year-old Texas-based investor, according to…
‘Twitter Files’ Reporter Matt Taibbi Leaves Twitter in Protest Over Throttling of Substack Links
Journalist Matt Taibbi, who broke the sensational “Twitter Files” story that exposed the inner workings of the social media giant’s censorship machine, has announced he’s leaving Twitter in protest of apparent changes that have made the platform unusable for him. Taibbi, who posts his articles on Substack and is one of the most popular contributors…
GM Cruise Recalls 300 Robotaxis After 1 Crashed Into a Bus
General Motors’ self-driving subsidiary Cruise is recalling 300 robotaxis to update its automated driving software after one of its driverless vehicles crashed into the back of a San Francisco bus. Cruise said in a report (pdf) with the National Highway Traffic Safety Administration (NHTSA) that the software may cause a crash because it inaccurately predicts the…
How AI Can Track, Manipulate Voters
April 8, 2023
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AGI - Artificial General Intelligenceartificial intelligenceBusiness & MarketsChatGPTCompaniesElection Integrityelection interferenceElon MuskMedia & Big TechPoliticsUS
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How well do artificial intelligence (AI) programs know us humans? In most cases, it turns out quite well and, in some ways better than we know ourselves. A study by AI experts at Brigham Young University, titled “Out of One, Many: Using Language Models to Simulate Human Samples,” found that predictive AI programs exhibited a…
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