Technology
88 corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024. Joseph Prezioso | AFP | Getty Images WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in […]
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British competition regulator objects to Google’s ad tech practices
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images LONDON — Britain’s competition watchdog on Friday issued a statement of objections over Google’s ad tech practices, which the regulator provisionally found are impacting competition in the U.K. In a statement, the Competition and Markets Authority alleged that […]
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Netherlands expands export curbs on chip tools with more ASML equipment impacted
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images The Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of ASML‘s machines under curbs. More types of chipmaking tools are now subject to […]
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Lion King director says AI is a ‘Wild West,’ but has the potential to democratize filmmaking
Lion King directors Roger Allers (L) and Rob Minkoff. Kevin Winter | Getty Images Artificial intelligence is a “Wild West” with “very few rules” — but it has the potential to democratize the film industry in the long term, according to the director of “The Lion King.” Rob Minkoff, who co-directed the classic 1994 animated […]
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Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing
This picture taken on May 1, 2024 shows professors and students looking at a Minimal Fab, a small-scale semiconductor factory that does not require a clean room, at Tokyo University in Tokyo. (Photo by Yuichi YAMAZAKI / AFP) (Photo by YUICHI YAMAZAKI/AFP via Getty Images) Yuichi Yamazaki | Afp | Getty Images Japanese semiconductor equipment […]
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U.S. rolls out new chip-related export controls as China makes industry advances
Digitally Generated Images Wong Yu Liang | Moment | Getty Images The Biden administration is rolling out new export controls on critical technologies, including quantum computing and semiconductor goods, as China makes advances in the global chips industry. Released by the U.S. Department of Commerce on Friday, the rules cover quantum computers and components; advanced […]
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Broadcom says it will sell $12 billion in AI parts and custom chips this year
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 7% in extended trading after guidance was in-line with expectations. Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter that ended Aug. 4: […]
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Salesforce to acquire startup Own for $1.9 billion in cash
Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023. Marlena Sloss | Bloomberg | Getty Images Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. Salesforce […]
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Thoma Bravo founder vows to ‘never touch’ crypto again after disastrous bet on FTX
A little over three years ago, private equity investor Orlando Bravo called FTX the “most cutting-edge, sophisticated cryptocurrency exchange in the world,” as his buyout firm helped lead a $900 million investment in the company at a valuation of $18 billion. Bravo now tells CNBC that he and his firm, Thoma Bravo, are permanently out […]
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With Musk’s X banned in Brazil, its users carve out new digital homes
A man hangs flags with a portrait of tech tycoon Elon Musk during a demonstration called by former Brazilian President Jair Bolsonaro at Copacabana Beach in Rio de Janeiro, Brazil, on April 21, 2024. Mauro Pimentel | AFP | Getty Images As billionaire Elon Musk’s clash with a Brazilian Supreme Court justice came to a […]
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