Tag: Tech

Zuckerberg’s Metaverse Struggling to Attract Users, Leaked Documents Show

October 19, 2022
Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesDecentralandFeatured TopicsInternationalMark ZuckerbergMedia & Big TechmetaverseSocial MediaTechTech Newsthe SandboxUSUS NewsWorld
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Mark Zuckerberg’s ambitious, multi-billion-dollar Metaverse platform is yet to garner the same traction as existing platforms Facebook and Instagram, according to internal documents. The tech giant’s metaverse offering, Horizon Worlds, is falling short of expectations, with parent company Meta adjusting internal monthly user targets from 500,000 to 280,000. The current tally, according to the Wall…

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Facial Recognition Tech to Filter Problem Gamblers in Australia

October 18, 2022
AustraliaBusiness & MarketsCompaniesInternationalNew South Walespokie machinepokiesTechTech NewsWorld
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Facial recognition technology will be introduced to clubs across the state of New South Wales (NSW) to help with identifying problem gamblers, according to the Australian Hotels Association and Clubs NSW. Both associations have developed state-of-the-art systems that will be deployed across clubs and hotels next year. Patrons will have their face scanned and images…

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Australian Chief Science Body the CSIRO Upgrades Quantum Tech Outlook to $6Bn

October 18, 2022
AustraliaCSIROquantum technologyTechTech NewsWorld
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Australia’s national science agency has upgraded its market projections for quantum technology. CSIRO expects quantum technology to generate 8700 jobs by 2030 before more than doubling to 19,400 by 2045, according to new modelling. The sector’s revenue is tipped to hit $2.2 billion by 2030 and almost $6 billion (US$3.78 billion) by 2045. The modelling released on…

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Microsoft Cutting Jobs as Recession Fears Mount

October 18, 2022
Big TechBusiness & MarketsCompanieseconomic recessionlayoff workersmicrosoftrecessionTechTech NewsUS
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Microsoft is laying off additional workers following a declining pace of revenue from software products, in a move adopted by several technology companies lately to curb costs as recession looms ahead. “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told multiple media outlets….

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Court Urged to Penalize Facebook Parent Company Over $24 Million

October 18, 2022
Business & MarketsCompaniesFacebookJudiciaryMedia & Big TechmetaSocial MediaTechUSUS NewsWashington state
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A court in Washington state has been urged to make Facebook parent company Meta pay more than $24 million for intentionally violating state law. King County Superior Judge Douglass North recently ruled that Meta deliberately violated the state’s Commercial Advertiser Law, which mandates certain information on political advertisements be handed over when requested. There were…

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Court Urged to Penalize Facebook Parent Meta Over $24 Million for Legal Violations

October 18, 2022
Business & MarketsCompaniesFacebookJudiciaryMedia & Big TechmetaSocial MediaTechUSUS NewsWashington state
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A court in Washington state has been urged to make Facebook parent company Meta pay more than $24 million for intentionally violating state law. King County Superior Judge Douglass North recently ruled that Meta deliberately violated the state’s Commercial Advertiser Law, which mandates certain information on political advertisements be handed over when requested. There were…

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Facebook’s Mark Zuckerberg Says He Missed a Massive Shift in Social Networking

October 18, 2022
Business & MarketsCompaniesMedia & Big TechMeta PlatformsSocial MediaTechUSUS NewsZuckerberg
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Mark Zuckerberg admitted that Meta failed to anticipate major changes in social media use that contributed to the success of its rival TikTok, which he called a “very effective competitor.” In an interview with Stratechery on Oct. 12, Zuckerberg said that he “sort of missed” the way that people currently “interact with discovered content” through social…

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Australia’s New Digital Identity: One Step Closer to China, Experts Warn

October 17, 2022
AustraliaBusiness & MarketsChinaCompaniesdigital IDdigital identityMedia & Big Techsocial controlsocial credit systemSpecial TopicsTechtechnologyWorld
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Critics of the ongoing plans to expand Australia’s digital identity system are warning it could eventually be used to restrict the liberties of its citizens—in a way akin to that already employed by the Chinese Communist Party (CCP). Currently, using a digital ID—known as myGovID—in Australia is optional and has been rolled out for federal…

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Elon Musk Says Starlink Adding Donation Feature After Ukraine Funding Controversy

October 17, 2022
Business & MarketsCompanieseconomyElon MuskEuropeInternationalMedia & Big TechRussia-Ukraine WarStarlinkTechTech NewsUkraineUSUS NewsWorld
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Billionaire tech mogul Elon Musk said that SpaceX would be rolling out a feature letting people donate Starlink satellite internet units to places in need, after Musk said that the rocket company couldn’t continue to fund Starlink in Ukraine “indefinitely.” Musk said in an Oct. 17 post on Twitter that SpaceX would add a donate…

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Kanye West to Buy Parler to Cement Its ‘Uncancelable’ Status, Protect Conservative Views

October 17, 2022
Big Tech, Censorship, and SocialismBusiness & MarketsCompanieseconomyEntertainmentEntertainment NewsFeatured TopicsInvestmentKanye WestMedia & Big TechPARLERSocial MediaTechTech NewsUSUS News
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Billionaire musician Kanye West is buying Parler, the free speech-championing social media app that rose to prominence amid allegations that rival Twitter was suppressing conservative voices. Parler, which bills itself as “the world’s pioneering uncancelable free speech platform,” announced the purchase agreement in principle in a press release on Oct. 17, the same day that…

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