Google-owner Alphabet posted lower net income for fourth quarter 2022, and a smaller revenue increase, as the tech behemoth sees a decline in online ad spending, coming at a time when employee unions are criticizing the firm for firing thousands of workers. California-based Google made $76.05 billion in revenues for the fourth quarter, up 1…
Alphabet Net Income Falls 34 Percent in Fourth Quarter, Revenue Growth Slower as Ad Spending Eases
Amazon Posts Biggest Annual Loss on Record, Poor Fourth-Quarter Sales
The stock price of retail and tech giant Amazon dropped in late trading on Feb. 2 after the company posted a mixed bag of results for the fourth quarter, reporting its first unprofitable holiday period since 2014. The Jeff Bezos-headed company on Thursday reported a net income of $278 million for the quarter, or $0.03 per…
Microsoft Rolls out Chatgpt-Powered Teams Premium
Microsoft Corp. on Wednesday rolled out a premium Teams messaging offering powered by ChatGPT to simplify meetings using the AI chatbot that has taken Silicon Valley by a storm. The premium service will cost $7 per month in June before increasing to $10 in July, Microsoft said. OpenAI-owned ChatGPT will generate automatic meeting notes, recommend…
Wall Street Piles More Onto Big Start to Year as Tech Surges
NEW YORK—Wall Street’s bang to start the year got even bigger Thursday, as tech stocks and a surge for Facebook’s parent company led the market higher. The S&P 500 rallied 1.5 percent a day after hitting its best level since August. The Nasdaq composite soared 3.3 percent, while the Dow Jones Industrial Average lagged because…
Bill Filed to Prevent Employers From Mandating Microchips in Alabama
February 2, 2023
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A pre-filed bill in the Alabama House would prevent an employer from requiring any employee to be implanted with a microchip. Microchips are defined by the proposed legislation as a “device subcutaneously implanted in an individual that is passively or actively capable of transmitting personal information to another device using radio frequency [RFID] technology.” The…
Experts Say America Should Team With Other Nations to Combat High-Tech Threats
The outcome of the Ukraine war will depend on Ukrainian blood and American communications tech, said David Ignatius, a German Marshall Fund board member. Ignatius spoke at a fund discussion on the “Foreign Policy of Technology”, along with diplomat and former U.S. Marine officer Nate Fick. Ukraine is just one of many areas where technology…
Communist China Seeks to ‘Replace’ US as World Tech Leader: Rep. Rodgers
February 2, 2023
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CCPChinaChinese RegimecommunismFinance & Business TiesInternational RelationsNational SecurityPoliticsRepublicanssocial controlSpecial TopicsTechTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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Communist China is seeking to replace the United States as the world’s economic and technological leader, according to one Congresswoman. Rep. Cathy McMorris Rodgers (R-Wash.) said the Chinese Communist Party (CCP) was aiming to undermine and eventually displace the United States as a world power, during a Feb. 1 hearing of the Innovation, Data, and…
Twitter Will ‘Comply’ With Europe’s Censorship Rules, Says EU Commissioner
Twitter intends to stick with the European Union’s new Digital Services Act (DSA) censorship rules that seek to control misinformation and hate speech online, Thierry Breton, EU commissioner for digital policy, recently said during a video call. In a video call with Twitter owner Elon Musk, Breton discussed Twitter’s readiness to comply with the DSA…
US Firms Investing Billions in China’s AI Sector: Report
February 2, 2023
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AIBusiness & MarketsCCPChinaChina Business & EconomyeconomyFinance & Business TiesInternational RelationsNational SecuritySpecial TopicsTechTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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U.S. companies were involved in at least 37 percent of the total investment transactions in China’s artificial intelligence (AI) sector between 2015 and 2021, according to a new report. The report (pdf), published by the Georgetown University Center for Security and Emerging Technology, found that $40.2 billion in investment transactions into Chinese AI companies had…
US Firms Investing Billions of Dollars in China’s AI Sector: Report
February 2, 2023
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AIBusiness & MarketsCCPChinaChina Business & EconomyeconomyFinance & Business TiesInternational RelationsNational SecuritySpecial TopicsTechTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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U.S. companies were involved in at least 37 percent of the total investment transactions in China’s artificial intelligence (AI) sector between 2015 and 2021, according to a new report. The report (pdf), published by the Georgetown University Center for Security and Emerging Technology, found that $40.2 billion in investment transactions into Chinese AI companies had…
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