Technology
OpenAI adds BlackRock exec Adebayo Ogunlesi to board of directors
Bayo Ogunlesi, Chairman, Global Infrastructure Partners listens as US President Donald Trump speaks during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building on April 11, 2017 in Washington, DC. Pool | Getty Images OpenAI said Tuesday that Adebayo Ogunlesi, a senior managing director at BlackRock, […]
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Meta targeting lowest-performing employees in latest round of layoffs
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing workers, CNBC confirmed Tuesday. Bloomberg was first to report the […]
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Biden opens federal land for AI data centers, sets rules for developers
U.S. President Joe Biden delivers a speech at the State Department in Washington, U.S. Jan. 13, 2025. Evelyn Hockstein | Reuters President Joe Biden issued an executive order Thursday aimed at speeding domestic construction of artificial intelligence infrastructure and shoring up the national security risk involved in the technology. The move empowers the U.S. Department […]
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Bitcoin swings back above $97,000, in stunning reversal, as light inflation data stokes risk appetite
Jonathan Raa | Nurphoto | Getty Images Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading. On Tuesday the price of the flagship cryptocurrency rose 4.5% to $97,044.35, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as […]
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Klarna scores global payment deal with Stripe to expand reach ahead of blockbuster U.S. IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up to its upcoming listing in the U.S. Klarna’s buy now, […]
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Wildfires force Los Angeles app developer to use his own technology to navigate crisis
The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. Ringo Chiu | Reuters For almost two years, Viktor Makarskyy has been working on an app that serves […]
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The UK wants to do its ‘own thing’ on AI regulation, suggesting a divergence from U.S. and EU
Jaque Silva | Nurphoto | Getty Images LONDON — The U.K. says it wants to do its “own thing” when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers. “It’s really important that we as the U.K. do our own thing when it comes to […]
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IAC approves spinoff of home improvement marketplace Angi
Joey Levin, CEO of IAC. Anjali Sundaram | CNBC Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction to close in the second quarter of the year. The two companies will post their respective fourth-quarter results […]
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As TikTok faces potential U.S. ban, China’s RedNote tops Apple app store
U.S., Chinese flags, TikTok logo and gavel are seen in this illustration taken Jan. 8, 2025. Dado Ruvic | Reuters Chinese social media app RedNote has skyrocketed to the top of Apple’s app store, underscoring concerns that TikTok will soon be effectively banned in the U.S. RedNote, or Xiaohongshu as it’s known in China, is […]
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Instagram head Mosseri says app will prioritize original content, with potential TikTok ban days away
Adam Mosseri, Facebook Beck Diefenbach | Reuters Adam Mosseri, head of Meta’s Instagram, said Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025. His comments came in a video Mosseri posted outlining Instagram’s priorities for the year, which include improving social connections for users. “Instagram was […]
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