World-wide-web Summit CEO resigns soon after apologizing for Israel-Hamas war comments

World-wide-web Summit CEO resigns soon after apologizing for Israel-Hamas war comments


Tristan Fewings | Getty Images

Paddy Cosgrave, the CEO and co-founder of annual tech conference Web Summit, has resigned from his submit just after coming below fire for his reviews on the Israel-Hamas war, primary Large Tech attendees like Alphabet, Meta and Amazon to cancel their attendance.

“Unfortunately, my particular remarks have become a distraction from the occasion, and our workforce, our sponsors, our startups and the people who go to,” Cosgrave said in a statement on Saturday.

At the commencing of the week, Cosgrave took to social media to categorical his personalized opposition to Israel’s counterattacks in Gaza.

“To repeat: War crimes are war crimes even when dedicated by allies & should really be termed out for what they are,” Cosgrave reported in a Monday publish on X, previously identified as Twitter. “I will not relent.”

His remarks activated a flurry of cancellations from large-profile attendees like Meta, Alphabet, Amazon and some others. This year’s convention is scheduled for Nov. 13 to Nov. 16 and is set to take location in Lisbon, Portugal.

The working day following he posted on X, Cosgrave issued an apology on World wide web Summit’s site, declaring he recognized that the timing of his comments “brought about profound harm.”

“What is needed at this time is compassion, and I did not express that,” Cosgrave claimed in the apology.





Supply

AI chipmaker Cerebras withdraws IPO
Technology

AI chipmaker Cerebras withdraws IPO

Artificial intelligence chipmaker Cerebras said on Friday that it’s withdrawing plans for an IPO, days after raising over $1 billion in a fundraising round. In a filing with the SEC, Cerebras said it does not intend to conduct a proposed offering “at this time,” but didn’t provide a reason. A spokesperson told CNBC on Friday […]

Read More
Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting
Technology

Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting

An employee arranges a salad dressing display at an Amazon Fresh grocery store on December 12, 2024 in Federal Way, Washington. David Ryder | Getty Images Amazon is closing four more Fresh supermarkets in Southern California as the e-commerce giant continues to focus its grocery strategy around Whole Foods and delivery. The closures will take […]

Read More
Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here’s what’s driving the big move
Technology

Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here’s what’s driving the big move

Inside Google’s quantum computing lab in Santa Barbara, California. CNBC Quantum computing stocks are wrapping up a big week of double-digit gains. Shares of Rigetti Computing, D-Wave Quantum and Quantum Computing have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. Arqit Quantum […]

Read More