Meta Platforms Inc.’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its…
Tech Layoffs Reflect Growing Frustration With Social Media, Industry Analysts Say
News Analysis The massive layoffs that have rocked the tech sector in recent days have become the subject of widespread speculation in the mainstream media, with some industry and media sources attributing the firings and announced staff cuts to adverse economic factors, such as inflation and interest rate hikes. But the real reasons go much…
Virtual Reality Headsets Igniting Safety Concerns Over Radiation Levels
The debate over potential health consequences from wireless device radiation has officially crossed the virtual threshold. While science remains divided on the health effects of absorbing low-frequency, non-ionizing radiation—like the kind emitted by cell phones and other wireless devices—some virtual reality headsets are well above the Federal Communications Commission (FCC) safety guidelines. The established FCC-safe absorption…
House Committees Hold Hearing on Preventing CCP Dominating in Tech
The U.S. House Energy and Commerce Committee and the incoming Innovation, Data, and Commerce Subcommittee will hold a hearing at 10:30 a.m. ET on Feb. 1, on enhancing American global technology leadership to counter competition from China and preventing the Chinese Communist Party from deciding the economic future. The Epoch Times will livestream the event….
LIVE NOW: House Committees Hold Hearing on Preventing CCP Dominating in Tech
The U.S. House Energy and Commerce Committee and the incoming Innovation, Data, and Commerce Subcommittee will hold a hearing at 10:30 a.m. ET on Feb. 1, on enhancing American global technology leadership to counter competition from China and preventing the Chinese Communist Party from deciding the economic future. The Epoch Times will livestream the event….
Spotify Shares Jump on Bullish Outlook as More Users Tune In
STOCKHOLM/LOS ANGELES—Spotify Technology SA told investors Tuesday it would tighten spending and work to become efficient after a year of investments in technology and content. Chief Executive Daniel Ek said the “macro environment” changed dramatically over the course of last year, setting the stage for belt-tightening. “In hindsight, I probably got a little carried away…
Elon Musk Testified It’s ‘Easy’ for Him to Get Investment Support
During the ongoing class-action lawsuit against Elon Musk over accusations that he committed securities fraud, he said: “It is relatively easy for me to get investment support because my track record is extremely good,” according to the Associated Press. Musk’s confidence to raise money for investment plans is the reason why he landed in court…
New Artificial Intelligence App ‘Reframes’ Negative Thoughts to Treat Depression
January 31, 2023
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Adolescent psychologyanxiety and depression treatmentartificial intelligence (AI)brainwashingBusiness & MarketsCompaniesMedia & Big TechScienceSocial IssuesTechTech NewsUSWEF agendaWorldWorld Economic Forum (WEF)
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People can be forgiven for feeling depressed these days. The future touted by global leaders is dire. The 2021-2022 United Nations Human Development Report states that living standards have declined in nine out of ten countries around the world since 2020 and that multiple crises “are hitting us at the same time and interacting to…
After Tesla Price Cut, Ford Follows Suit With Mustang Mach-E
DETROIT—Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board, it said Monday. The cut…
Nuclear Lab in China Procured US Chips Despite Ban
January 30, 2023
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Business & MarketsCCP nuclear threatChinaChina Business & EconomyCompaniesmilitaryNational Securitynuclear labPolicies & Impactssemiconductor chipsTechTech NewstechnologyUSUS China Tech WarUS tech restrictionsUS-China relations
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A Chinese nuclear research and development lab has gained access to U.S.-made semiconductors even though such institutions have been banned from making similar technological procurements for more than two decades. China Academy of Engineering Physics (CAEP), a state-run institution that focuses on the testing, development, and research of nuclear weapons and related sciences, has successfully…
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