Tag: internet

  • Beijing seems to be easing its controls on giants like Alibaba

    Alibaba’s sweeping reorganization is seen as a sign that the Chinese government could relax its intense scrutiny of the domestic technology sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is targeting 5% growth this year, after two years of its economy battered by Beijing’s strict Covid policies […]

  • Google’s reorganization into Assistant follows the launch of Bard, the memo says

    Google CEO Sundar Pichai speaks onstage at the annual Google I/O developer conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is rearranging the reporting structure of its virtual assistant unit — called Assistant — to focus more on Bard, the company’s new artificial intelligence chat technology. In a memo to […]

  • Bitcoin (BTC) climbs to $28,000 as traders shrug at regulatory crackdown

    Bitcoin is up 50% so far in 2023, beating major commodity and stock indices. Industry insiders said the bank’s collapse has sent investors looking for alternatives to the traditional banking system and a slowdown in rate hikes is also anticipated, helping bitcoin. Filip Radwański | Sopa Images | Rocket | Getty Images Bitcoin rallied on […]

  • Google that does not save chats in Epic case deserves sanctions, judge says

    Google “approved a ‘don’t ask, don’t tell’ policy for message retention, to the detriment of its retention obligations,” a federal judge said. The court has ordered Google to pay attorneys’ fees in connection with the dispute, but is still deciding on any legal remedies. A Google sign is pictured during the company’s presentation of a […]

  • Alibaba says it will split into 6 units that can raise funds and IPO

    Alibaba said Tuesday it will split its company into six corporate groups, each with the ability to raise outside financing and go public. It is the most important reorganization in the history of the Chinese e-commerce giant. Alibaba said in a statement that the move is “designed to unlock shareholder value and promote market competitiveness.” […]

  • Elon Musk says only verified Twitter users appear in the “For You” tab.

    Elon Musk said only verified accounts will appear in Twitter’s “For You” recommendation feed as the billionaire continues to shake up the social media platform. Musk claims the move is “the only realistic way to deal with advanced AI bot swarms taking over.” Elon Musk Twitter account seen on mobile with Elon Musk in the […]

  • Internet Archive loses copyright infringement lawsuit

    A judge on Friday ruled against Internet Archive, a free online digital library, in a lawsuit brought by four top publishers who claimed the company was in violation of copyright laws. The publishers, Hachette Book Group, HarperCollins, John Wiley & Sons and Penguin Random House filed suit against Internet Archive in 2020, allegingThe company had […]

  • Character.ai valued at $1 billion after $150 million round of A16Z

    Character.AI, an artificial intelligence start-up founded by two former Google employees, is capitalizing on venture capitalists’ unquenchable appetite for deals in the hottest space of technology. The two-year-old company said Thursday it had raised $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. Noam Shazeer and Daniel De Freitas, […]

  • Adobe Firefly generative AI lets users type to edit images

    Adobe is entering the field of generative AI and is launching Firefly, which the company said it will integrate into its existing suite of products. The product generates content brushes, variations of existing images, and may transform photos and videos based on user prompts. Firefly launches as a public beta, with text effects tools as […]

  • Shares of Indonesia’s GoTo fall as losses reach $2.6 billion by 2022

    Shares of Indonesian GoTo fell 2.78% in early trading hours on Tuesday after the company reported a larger net loss in 2022. Although its adjusted EBITDA loss improved in Q4 2022, the company still lags competitors such as Grab and Sea Limited, DBS analyst Sachin Mittal said. GoTo management previously promised costs, including two rounds […]