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Nokia 4Q profit beats expectations on back of robust demand
Wireless and fixed-network equipment maker Nokia on Thursday reported strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio.... Read more
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Tesla will invest $3.6B in Nevada truck factory expansion
Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last year, will keep margins higher than any other automaker.... Read more
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Families of Boeing MAX crash victims set to face company in US court
Relatives of passengers who died in the twin Boeing 737 MAX crashes are scheduled to confront the airplane maker Thursday in a US court, some four years after the tragedies in Ethiopia and Indonesia.... Read more
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IBM to cut 3,900 jobs as it reorganizes business
IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.... Read more
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German software giant SAP to cut 3,000 jobs
German software giant SAP on Thursday said it planned to cut some 3,000 jobs this year, joining a wave of layoffs in the global tech sector.... Read more
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Tesla says its 4Q profit rose 59%, expects strong demand
Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.... Read more
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Big Tech is firing employees by the thousands. Why? And how worried should we be?
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn't been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines.... Read more
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AmazonSmile's end is alarming, say nonprofits that benefited
Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding.... Read more
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Boeing reports Q4 loss but reaffirms 2023 targets
Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.... Read more
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Amazon workers hold first UK strike, adding to labor turmoil
Amazon warehouse workers went on strike for the first time in Britain on Wednesday because of a dispute over pay and working conditions, adding to a wave of industrial labor action across the country fueled by the soaring cost of living.... Read more
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EasyJet hikes profit forecast on demand boom
British airline EasyJet hiked Wednesday its annual profit guidance after record demand and falling quarterly losses, as customers prioritise holidays and shrug off the cost-of-living crisis.... Read more
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Microsoft reports outage for Teams, Outlook, other services
Microsoft said it's seeing some improvement to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday.... Read more
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Microsoft, amid layoffs, says quarterly profit declined 12%
Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers.... Read more
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EXPLAINER: University of Wisconsin latest to ban TikTok
The University of Wisconsin System has joined a number of universities across the nation that have banned the popular socail media app TikTok on school-owned devices.... Read more
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3M to cut 2,500 jobs as it girds for tougher economy
3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based on weakening demand.... Read more
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Ticketmaster blames cyberattack for Taylor Swift tour debacle
US concert booking website Ticketmaster was hit by a cyberattack last year that led to it botching sales for Taylor Swift's US tour, it told lawmakers on Tuesday as it apologized to the pop superstar and her fans.... Read more
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Justice Dept. sues Google over digital advertising dominance
The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government.... Read more
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Rebate incentive for e-bike owners can bridge socio-economic divide and sustainable transportation investment
Efforts to establish a rebate program for D.C. area residents and businesses to acquire electric bicycles will help incentivize more sustainable transport as well as regional investment into sustainable transportation infrastructure, says Virginia Tech urban planning and transportation expert Ralph Buehler.... Read more
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Here's what nobody is talking about when it comes to ChatGPT
At the tail end of 2022, OpenAI released ChatGPT, a chatbot powered by the company's AI algorithm, that lit more than just the internet on fire.... Read more
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Spain hits delivery app with new fine for labor violation
Spain's labor ministry issued app-based food delivery company Glovo a new fine of 57 million euros ($62 million) on Tuesday for violating labor laws.... Read more
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Twitter sued over 'unpaid rent' on London office
Twitter's British landlord said Tuesday it is taking the social media to court for not paying rent on its central London offices.... Read more
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China's Huawei looks to ports, factories to rebuild sales
As technicians in a distant control room watch on display screens, an automated crane at one of China's busiest ports moves cargo containers from a Korean freighter to self-driving trucks in a scene tech giant Huawei sees as its future after American sanctions crushed its smartphone brand.... Read more
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Elon Musk takes stand for 3rd day in Tesla investors lawsuit
Elon Musk returned to the stand for a third day Tuesday in federal court in San Francisco to testify in a trial stemming from a class action lawsuit brought by Tesla investors who allege he misled them with a tweet.... Read more
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Bay Area defies tech layoffs, powers to big job gains in December
The Bay Area powered to big job gains during December, an upswing that defied the effects of months of tech layoff announcements and accounted for the vast majority of California's job gains, a new report shows.... Read more
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Layoffs in a likely recession this year could be determined by software programs
Don't blame your boss if you get laid off in a recession this year.... Read more
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OSHA proposes $60,000 more in fines for New York, Chicago and Florida Amazon facilities
OSHA proposed a fine of $60,269 for Amazon after finding injury lists at three warehouses put workers at "high risk for lower back injuries and musculoskeletal disorders."... Read more
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Low-carbon reorientation in the declining steel industry
MIOIR Researchers Professor Frank Geels and Dr. Julian Gregory conducted a longitudinal analysis of coevolving contexts and company strategies in the U.K. steel industry. While the existing literature makes important analyses of the technical and economic dimensions of decarbonization pathways, it gives less attention to real-world implementation processes by the... Read more
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Opinion: ChatGPT could be a game-changer for marketers, but it won't replace humans any time soon
The recent release of the ChatGPT chatbot in November 2022 has generated significant public interest. In essence, ChatGPT is an AI-powered chatbot allowing users to simulate human-like conversations with an AI.... Read more
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Power cuts in South Africa: Trend to get off the grid is gathering pace, but total independence is still a way off
South Africans have been battered by power shortages for several years. These have worsened to the point that towards the end of 2022 the country's electricity utility, Eskom, had only half of its power generation capacity operational.... Read more
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US judge lets Musk amend Twitter claims, rejects delaying case
A US judge permitted Elon Musk to amend his complaint against Twitter on Wednesday, but rejected delaying the lawsuit over the disintegration of the billionaire's deal to acquire the social media company.... Read more
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A suburban Philadelphia firm bets on new technology to store solar power 24/7
In a repurposed mushroom barn in Chester County, Sycamore International Inc. recycles electronic equipment, including refurbishing 30,000 old laptops a month for resale. Steven Figgatt, Sycamore's chief executive, says his West Grove company is all about the circular economy.... Read more
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Why digital transformation projects fail and how data architecture can help
Every year, large corporations spend trillions of dollars on digital transformation projects designed to firmly embed digital technologies in their business operations. These technologies include predictive analytics and decision-support systems, and have the potential to transform the traditional focus of IT from saving costs and solving technical constraints to proactively... Read more
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Apple puts on first in-person event since start of pandemic
Apple is expected to unveil the 14th series of its iconic and ubiquitous iPhone on Wednesday at its first in-person product launch event since before the coronavirus pandemic began.... Read more
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El Salvador marks 1st year of Bitcoin use as confidence wanes
A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.... Read more
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Airlines count on business travelers to keep recovery going
With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall.... Read more
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Cryptocurrency must be made less energy intensive to protect the planet
Cryptocurrency mining must be less energy intensive to limit the impact on the climate, according to a new report from the Imperial College London Business School.... Read more
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Irish watchdog fines Instagram 405M euros in teen data case
Irish regulators are slapping Instagram with a big fine after an investigation found the social media platform mishandled teenagers' personal information in violation of strict European Union data privacy rules.... Read more
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The most important cryptocurrency event in years is about to begin, and the biggest windfall goes to the planet
Amid the continuous noise about cryptocurrencies, it's often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years.... Read more
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Cryptocurrency skeptics look to bend the ear of regulators
Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector.... Read more
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Google allows Parler app back into Play Store
Google allowed social media network Parler back into its Play Store Friday, more than a year after banning the platform popular with conservatives in the wake of the insurrection at the US Capitol.... Read more
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FTC investigating Amazon's $3.9B purchase of One Medical
The Federal Trade Commission is investigating Amazon's $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal.... Read more
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Zuckerberg targeted by House GOP eager to probe Hunter Biden
House Republicans are demanding that Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg hand over FBI warnings and communications that led Facebook to suppress news about President Joe Biden's son weeks before the 2020 election.... Read more
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After a golden era at Snap and other tech firms, it's back to reality for workers
A year into the pandemic, Evan Spiegel was flying high. The chief executive of Snap said annual revenue growth of 50% or more was a "steady state opportunity" for the social media company, requiring no additional gains in audience or innovation.... Read more
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Expert explains the content of the CHIPS and Science Act, the 'semiconductor bill'
On Aug. 9, President Joe Biden signed into law the CHIPS and Science Act, which invests $52 billion in domestic semiconductor manufacturing through tax credits, as well as supports STEM research and education initiatives through the National Science Foundation.... Read more
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Meta's AI chatbot hates Mark Zuckerberg, but why is it less bothered about racism?
It was all quite predictable, really. Meta, Facebook's parent company, released the latest version of its groundbreaking AI chatbot in August 2022. Immediately, journalists around the world began peppering the system, called BlenderBot3, with questions about Facebook. Hilarity ensued.... Read more
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Clean energy gold rush needed to tackle energy price turbulence and coal's exodus
This week, the Australian Energy Market Operator warned gaps in electricity supply are likely within three years.... Read more
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US official rejects Amazon challenge to New York union vote
A US official Thursday rejected Amazon's efforts to overturn a worker vote in favor of unionization at a New York warehouse, dismissing the retailer's election complaints as groundless.... Read more
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EU: US electric vehicle tax credit reduces buyers' choices
A new U.S. tax credit aimed at encouraging Americans to buy electric vehicles may backfire and limit choices for consumers because of concerns it's weighed against European Union manufacturers, the EU trade chief said Thursday.... Read more
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T-Mobile lays off engineering, network employees
T-Mobile has laid off several workers in engineering and network jobs this week as part of a restructuring program after the company's merger with Sprint two years ago.... Read more
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Report outlines strategic opportunities for US semiconductor manufacturing
The U.S. Department of Commerce's National Institute of Standards and Technology (NIST) has released a report outlining seven strategic "grand challenges" in measurement, standardization, and modeling and simulation that, if met, will strengthen the U.S. semiconductor industry.... Read more