Internet
Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores
Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores. The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon managers in 2018. Veeve is one of several companies developing smart grocery carts, which often […]
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Amazon accused of discrimination against pregnant and disabled workers in New York
Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images New York Gov. Kathy Hochul on Wednesday announced the Division of Human Rights has filed a complaint […]
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Bitcoin production has roared back in China thanks to an underground mining scene
By September 2021, China made up just over 22% of the total bitcoin mining market, according to Cambridge University research. Paul Ratje | The Washington Post | Getty Images Bitcoin miners aren’t giving up in China despite Beijing’s ban on the practice. China was once the world’s biggest crypto mining hub, accounting for between 65% […]
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China has signaled easing of its tech crackdown — but don’t expect a policy U-turn
China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a grace period for maybe the […]
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Musk met Twitter execs for 3 days before making a bid, unclear if they discussed bots
Elon Musk has said he won’t move forward with his $44 billion Twitter acquisition until he has more details about fake accounts on the platform, but he met with the company’s top brass for three days to discuss its business before he publicly announced his bid, according to a new securities filing. The filing with […]
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Coinbase to slow hiring amid plunge in cryptocurrencies and tech stocks
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase has become the latest tech company to warn of a slowdown in hiring. The crypto exchange told staff Tuesday it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its […]
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Google opens new ‘Bay View’ campus that was designed for worker flexibility — here’s what it looks like
Google executives Michelle Kaufmann and Asim Tahir said the company wanted to design high ceilings, plants and natural light to give the illusion of working outdoors. Jennifer Elias Google this week is opening its newest campus in Mountain View, California and executives say they aim to make it a place where employees in the company’s […]
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Twitter stock has lost all of its gains since Elon Musk disclosed his stake
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares have given up all of their gains since Elon Musk disclosed last month that he’d bought a 9% stake in the company. The stock tumbled […]
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White House hits back at Amazon’s Bezos after Biden inflation spat
Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters The White House on Monday hit back at Amazon founder Jeff Bezos after he took a swipe at President Joe Biden in a series of tweets over the weekend for his comments […]
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$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to find out what happened to the more than $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve […]
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