In light of recent events involving misinformation fueling anti-immigration protests and controversial comments made by X owner Elon Musk in the U.K., Prime Minister Keir Starmer’s Labour government is contemplating the reinforcement of internet safety regulations. It has been reported by industry sources that there are discussions underway regarding a review of the Online Safety
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Cisco recently announced that it will be reducing its global workforce by 7%, which seemed to have had a positive impact on their financial results. The company reported earnings of 87 cents per share, adjusted, as opposed to the expected 85 cents per share. In terms of revenue, Cisco surpassed analysts’ estimates by bringing in
The European Commission recently issued a stern warning to X Corp. owner Elon Musk and CEO Linda Yaccarino regarding the spread of illegal content on their social media platform. The warning specifically addressed incitements to violence and hate speech that have been circulating on the platform. European Commissioner for the internal market, Thierry Breton, penned
Recently, Patreon announced that memberships sold on its iOS app will soon be subject to Apple’s 30 percent commission on in-app purchases. This new requirement from Apple will begin in November and creators will need to switch to Patreon’s subscription billing method to continue earning money through the iOS app. With the implementation of Apple’s
In the current landscape, building a company centered around artificial intelligence comes with a myriad of challenges. The exponential growth in server costs poses a significant financial burden, making it difficult for startups to sustain their operations. Moreover, the competition for top talent is fierce, leading to skyrocketing salaries and recruitment costs. This not only
Apple is looking to expand its services business by introducing advanced artificial intelligence features that could potentially cost users up to $20. These features, part of the upcoming Apple Intelligence system, include enhanced Siri capabilities, automatic email and image generation, and more. While the initial rollout may not be available in all regions, Apple is
LinkedIn recently announced that it is expanding its sponsored newsletters feature to include user-created content. This new expansion will allow brands to put their branding on popular newsletters created by thought leaders in their niche. The move comes after LinkedIn launched sponsored newsletters for company pages last month, enabling brands to promote their newsletters to
Recently, Elon Musk’s social media platform X has taken legal action against a global advertising alliance and several major companies, including Mars and CVS Health, for allegedly conspiring to boycott the site. The lawsuit claims that this conspiracy led to a significant loss in revenue for X, previously known as Twitter. X filed the lawsuit
Waymo, the autonomous vehicle company, is making strides in expanding its service areas in both San Francisco and Los Angeles. In San Francisco, Waymo has extended its service area south of the city into the San Francisco Peninsula, now covering Daly City, Broadmoor, and Colma. This expansion adds an additional 10 square miles, bringing the
As the U.S. markets opened for trading on Monday, tech’s megacap companies experienced a staggering loss of about $1 trillion in market cap. The Nasdaq had already entered correction territory the week prior, but the situation worsened with Nvidia shedding more than $300 billion in market cap at the opening bell. Although the chipmaker managed