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Australia proposes ban on social media for children under 16
Shoppers use their phones as they walk past the entrance to a Myer department store, owned by Australia’s biggest department store chain Myer Holdings Ltd, in Sydney, Australia, November 1, 2017. Steven Saphore | Reuters Australia Prime Minister Anthony Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy the government says is world-leading. […]
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Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
Leaders of major technology companies congratulated President-elect Donald Trump and Vice President-elect JD Vance on their victory in the U.S. presidential election Wednesday. The messages were similar, with CEOs remarking that they wish Trump success when he returns to the Oval Office, and look forward to working with his administration. Amazon founder and executive chairman […]
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Google curbs politics discussion among employees on U.S. Election Day
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google has been moderating and removing employees’ internal election-related conversations, CNBC has learned. Ahead of Tuesday’s U.S. elections, Google executives warned employees to keep political opinions and statements away from a popular internal discussion forum called Memegen, according to correspondence viewed by CNBC. […]
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Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | Reuters Perplexity AI, the artificial-intelligence search engine startup, is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC. The startup competes against the likes of Google and […]
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Amazon gets FAA approval for new delivery drone as it begins tests in Arizona
Amazon said Tuesday it received regulatory approval to begin flying a smaller, quieter version of its delivery drone, the latest step in its long-running efforts to get the futuristic program off the ground. The company unveiled the new drone, called the MK30, in November 2022. It said then that the MK30, in addition to the […]
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As Americans head to the polls, social media companies are in the spotlight
Kamala Harris and Donald J. Trump social media sites on X, formerly known as Twitter, are displayed on mobile phones screens for illustration photo. Beata Zawrzel | Nurphoto | Getty Images With Americans heading to the polls on Election Day, social media companies like Meta, TikTok, X and YouTube are under intense pressure to handle […]
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Meta extends ban on new political ads past Election Day
Meta’s Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Reportedly, Zuckerberg is anticipated to meet with Samsung Electronics chairman Jay Y. Lee later this month to discuss AI chip supply and other generative AI issues, as […]
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The Dow needs Nvidia to give chipmakers representation in index after Intel’s plunge
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images At around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average. That was the conclusion of the S&P Dow Jones committee, which decides […]
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Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Reuters Physical Intelligence, a robot startup based in San Francisco, has raised $400 […]
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Retailers brace for DEI blowback in lead-up to election, holiday shopping season
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Natalie Behring | Getty Images Retailers are facing a tough equation as they head into the […]
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