CNN By Brian Fung, CNN A member of the Senate Intelligence Committee is calling on Apple and Google to remove TikTok from their app stores over concerns about national security, in the latest indication of mounting scrutiny on the short-form video app from members of Congress. In a letter sent to the two tech giants
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By Clare Duffy, CNN For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential. But after a brutal year in which the company lost more than $600 billion in market value, Zuckerberg has started speaking Wall Street’s language — and they are rewarding him
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By Samantha Murphy Kelly, CNN Business OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users priority access to the AI chatbot even during peak times. The paid plan, called ChatGPT Plus, comes two months after the tool was released publicly and quickly went viral, thanks
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By Brian Fung, CNN A federal judge will not block Meta from buying a virtual reality tech startup, according to multiple reports, in a setback for the US government, which had alleged the deal would threaten competition in a nascent market. Tuesday’s decision, issued by the US District Court for the Northern District of California,
Continue ReadingBy Samantha Murphy Kelly, CNN Business At its annual Unpacked event on Wednesday, Samsung unveiled its latest Galaxy S smartphones — and the company is betting that focusing on improvements to the camera will be enough to get consumers to upgrade. The new lineup, which includes the 6.8-inch Galaxy S23 Ultra, 6.6-inch Galaxy S23+, and
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CNN By Jennifer Korn A record $3.8 billion worth of cryptocurrency was stolen from various services last year, with much of those thefts driven by North Korean-linked hackers, according to a report Wednesday from blockchain analytics firm Chainalysis. The increase in crypto heists, from $3.3 billion in 2021, came as the overall market for cryptocurrencies
Continue Reading By Jennifer Korn A record $3.8 billion worth of cryptocurrency was stolen from various services last year, with much of those thefts driven by North Korean-linked hackers, according to a report Wednesday from blockchain analytics firm Chainalysis. The increase in crypto heists, from $3.3 billion in 2021, came as the overall market for cryptocurrencies suffered
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By Brian Fung, CNN The Biden administration on Wednesday took its biggest swipe yet at app stores run by Apple and Google, with a new report accusing the two tech giants of exercising “gatekeeper” power that has led to “suboptimal” levels of competition in digital markets. The report published by the Commerce Department finds that
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By Catherine Thorbecke, CNN In less than three months, four of the big five US tech companies have cut tens of thousands of employees combined, shattering myths about the industry’s seemingly unstoppable growth in the process. But there has been one notable exception: Apple. To date, Apple has not announced any substantial cuts, thanks in
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By Rob McLean, CNN A tech CEO is apologizing after quoting Martin Luther King Jr. in a layoffs announcement. On January 24, PagerDuty CEO Jennifer Tejada sent a letter to employees announcing the digital operations management company would eliminate about 7% of its workforce. Tejada quoted King at the end of that letter. “I am
Continue ReadingBy Clare Duffy, CNN Snapchat’s parent company reported stalled revenue growth and a large net loss for the final three months of 2022, as it confronts tighter advertiser budgets amid broader economic uncertainty. Snap’s quarterly revenue was just shy of $1.3 billion, essentially flat from the year prior. For the full year, Snap’s revenue grew
Continue ReadingBy Jennifer Korn More than four years after Instagram’s founders left the company, they’re back with a new app. Kevin Systrom and Mike Krieger on Tuesday announced the launch of Artifact, an app that promises “a personalized news feed” powered by artificial intelligence. In an Instagram post, Krieger said he and Systrom “have been working
Continue ReadingBy Samantha Murphy Kelly, CNN Business Two months after OpenAI unnerved some educators with the public release of ChatGPT, an AI chatbot that can help students and professionals generate shockingly convincing essays, the company is unveiling a new tool to help teachers adapt. OpenAI on Tuesday announced a new feature, called an “AI text classifier,”
Continue ReadingBy Brian Fung, CNN Apple has illegally imposed rules on its employees that prohibit them from discussing their wages and engaging in other protected activity, according to investigators at the National Labor Relations Board. The findings by NLRB agents determined that “various work rules, handbook rules, and confidentiality rules at Apple” are unlawful because they
Continue ReadingBy Catherine Thorbecke, CNN In the week before Microsoft publicly announced plans to cut 10,000 jobs, thousands of workers at the tech giant who were eager for any information about the looming layoffs joined a professional networking site — not LinkedIn, which Microsoft owns, but Blind. Some 6,000 Microsoft employees signed up for accounts on
Continue ReadingBy Michelle Toh and CNN’s Beijing bureau China has hit back after reports that Washington is moving to further restrict sales of American technology to Huawei. “China is deeply concerned,” Mao Ning, a spokesperson for the country’s foreign ministry, said at a press conference Tuesday. The Financial Times reported earlier that the US Commerce Department
Continue ReadingBy Michelle Toh, CNN Samsung’s quarterly profits have plunged to their lowest level in eight years as customers snapped up fewer cell phones and laptops. The tech giant reported operating profit of 4.3 trillion Korean won ($3.5 billion) on Tuesday for the three months ended December, down 69% from a year ago. Revenue fell 8%
Continue ReadingBy Brian Fung, CNN TikTok CEO Shou Zi Chew will testify at an upcoming hearing before the House Energy and Commerce Committee, a committee spokesperson confirmed to CNN Monday. Chew will be the sole witness at the hearing, scheduled for March 23. He is expected to testify on TikTok’s privacy and data security practices, its
Continue ReadingBy Michelle Toh, CNN ASML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls, amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. “It is our understanding that steps have been made towards an agreement between governments
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CNN By Catherine Thorbecke, CNN Google on Monday unveiled a new chatbot tool dubbed “Bard” in an apparent bid to compete with the viral success of ChatGPT. Sundar Pichai, CEO of Google and parent company Alphabet, said in a blog post that Bard will be opened up to “trusted testers” starting Monday, with plans to
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