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+46 +1
Everything I Know About the Tech Industry I Learned From Baseball
We find wisdom wherever we encounter it. And since I’m at the ballpark a lot of the time, that’s where I get my tech business lessons.
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+21 +1
iPhone 15 Pro Max Predicted to Be More Expensive Than Previous Model
Apple's next-generation iPhone 15 Pro Max will likely be more expensive than the previous Pro Max model, according to Jeff Pu, a tech analyst at Hong Kong-based investment firm Haitong International Securities.
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+26 +1
Apple is now the first publicly traded company to close above a $3 trillion market value
Apple is the first publicly traded company to close a trading day with a $3 trillion market value. The company’s shares climbed about 2.31% on Friday to a new high. The tech giant first reached a $3 trillion market cap back in January 2022, but failed to close at that level.
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+17 +1
The hottest new perk in tech is freedom
How small tech companies are using remote work to compete with the big guys.
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+26 +1
Silicon Valley Confronts the Idea That the ‘Singularity’ Is Here
The frenzy over artificial intelligence may be ushering in the long-awaited moment when technology goes wild. Or maybe it’s the hype that is out of control.
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+15 +1
Meta is setting up a taskforce after Instagram was found to guide users to child-sex context
Meta has set up a taskforce to counter child exploitation after a news report said Instagram helped promote networks of accounts trading child-sex content. The photo and video sharing app owned by Mark Zuckerberg's Meta allowed pedophiles to operate accounts that were openly sharing sexual content of minors, The Wall Street Journal reported Wednesday.
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+33 +1
Amazon’s Ring doorbell was used to spy on customers, FTC says in privacy case
In the agency’s latest effort to hold big tech accountable, the company agreed to settle the privacy violations for $5.8m
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+30 +1
CEO Tim Cook says layoffs are a 'last resort' and not something Apple is considering right now
Apple doesn't have plans for big layoffs, CEO Tim Cook told CNBC while discussing the company's earnings on Thursday.
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+21 +1
Computer scientists ‘should require licences to develop AI’
Scientists should have licences to be allowed to develop AI products, the professional body for tech workers has urged. Rashik Parmar, chief executive of British Computer Society (BCS), the chartered institute for IT staff, made his comments after the Competition and Markets Authority (CMA) launched a review into the AI market.
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+27 +1
Ex-Apple employee owes $19 million for elaborate fraud scheme
A former Apple employee will go to prison for a scheme that defrauded the Bay Area-based tech giant of more than $17 million, and he has been ordered to pay for what he stole. Dhirendra Prasad received the three-year prison sentence Wednesday in federal court after pleading guilty to charges of conspiracy to commit mail and wire fraud, as well as a charge of conspiracy to defraud the United States. The San Jose judge also ordered Prasad to forfeit millions of dollars’ worth of assets and pay restitution: $17,398,104 to Apple and $1,872,579 to the Internal Revenue Service.
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+3 +1
Meta is one of the most brutal tech job-choppers so far, axing about a quarter of employees
Meta has laid off nearly a quarter of all employees since November. This ranks it second in a list of major tech firms who cut the most jobs
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+31 +1
BuzzFeed News Is Shutting Down
BuzzFeed News is shutting down, the once-iconic media brand’s founder and CEO Jonah Peretti announced in a company-wide memo on Thursday. “We are reducing our workforce by approximately 15% today across our Business, Content, Tech and Admin teams, and beginning the process of closing BuzzFeed News,” Peretti wrote in the email.
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+22 +1
OpenAI’s CEO confirms the company isn’t training GPT-5 and “won’t for some time”
In a discussion about threats posed by AI systems, Sam Altman, OpenAI’s CEO and co-founder, has confirmed that the company is not currently training GPT-5, the presumed successor to its AI language model GPT-4, released this March.
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+24 +1
Legal and finance jobs are among the most at risk from AI, while construction and trade jobs face minimal influence, studies suggest
Rapid advances in artificial intelligence are stoking employee concerns about the automation of jobs. Generative AI, a type of AI capable of generating text and other content in response to user prompts, has exploded in popularity in recent months following the launch of OpenAI's ChatGPT. Some companies have already tapped the chatbot to take on content-producing roles.
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+24 +1
Big Tech Companies Are Testing How Far They Can Slash Staff
Even as Elon Musk has upended Twitter, the site, with thousands-fewer employees, is still functioning. Meta, Google, and Amazon are operating with dramatically scaled-back workforces. With AI on the rise, the industry may not be getting these jobs back.
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+26 +1
Elon Musk Says That Immortality Tech Would Be Very Dangerous
During an interview this week, Elon Musk warned that letting people live longer lives by coming up with new technologies may actually be a really bad idea.
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+14 +1
‘Not going to beg’: why entrepreneurs of color are increasingly self-funding
Rechelle Balanzat, an Asian-American founder, has led her startup Juliette, a self-funded, app-enabled dry-cleaning startup since 2014. As a double minority in tech, Balanzat said she faced gender bias with investors, and also encountered investors who inflicted racial bias. Investors would often expect Balanzat to speak with an accent and if not they were amazed she could speak English, she said.
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+14 +1
Peter Thiel said he had $50M in SVB when it collapsed: report
Despite advising clients to pull their cash from Silicon Valley Bank last week, Peter Thiel, a billionaire tech mogul, said that he had a large sum of his own money tied up in the doomed bank when it collapsed on Friday.
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+14 +1
Silicon Valley finally figured out people don't like it
During the Silicon Valley Bank collapse, people in tech started to realize something: a lot of people really don’t like them. Since the bank started to buckle late last week, tech luminaries have taken time out of their busy schedules of doing innovation to tweet about how everyone rooting against a bailout of Silicon Valley Bank simply doesn’t get it. Silicon Valley had birthed “the greatest wealth generation engine this country has had for the last 2 decades,” said Austin Federa, a spokesperson for the crypto blockchain Solana, and a bailout was essential to save a cornerstone of the American economy.
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+17 +1
America's immigration system is a nightmare, and it's forcing tech companies to move jobs outside of the country
As issues with labor shortages continue, remote work makes it easier for US tech firms to hire anywhere. These companies are relocating more jobs overseas to avoid American's broken immigration system.
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