By Samantha Murphy Kelly, CNN Business Microsoft on Monday confirmed it is making a “multibillion dollar” investment in OpenAI, the company behind the viral new AI chatbot tool called ChatGPT. Microsoft, an early investor in OpenAI, said it plans to expand its existing partnership with the company as part of a greater effort to add
Continue ReadingBy Hanna Ziady, CNN Spotify said Monday that it will cut 6% of its workforce to reduce costs, joining tech companies including Amazon and Microsoft in slashing headcount as the global economy slows. In a letter to employees posted on the company’s website, CEO Daniel Ek took full responsibility for the job cuts, which he
Continue ReadingBy Diksha Madhok, CNN Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an eerily convincing and conversational way. In a LinkedIn post last week, the 60-year-old India tycoon said that the release of ChatGPT was a “transformational moment in the democratization of
Continue ReadingBy Clare Duffy, CNN In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a staggering shift toward online services, benefiting his company in the process. “What we have witnessed over the past year is the dawn of a second wave of digital transformation
Continue ReadingBy Catherine Thorbecke, CNN Elizabeth Holmes made an “attempt to flee the country” by booking a one-way ticket to Mexico departing in January 2022, shortly after the Theranos founder was convicted of fraud, prosecutors alleged in a new court filing Friday. Holmes was convicted last January of defrauding investors while running the failed blood testing
Continue ReadingBy Brian Fung, CNN The Federal Trade Commission on Friday called for a federal court to hold “Pharma Bro” Martin Shkreli in contempt after Shkreli allegedly flouted a recent FTC investigation into his business dealings and failed to make a $64.6 million payment he owed for his prior wrongdoings. The FTC’s contempt motion follows what
Continue ReadingBy Jackie Wattles, CNN In the fervor-filled days leading up to the November 16 launch of the long-awaited Artemis I mission, an uncrewed trip around the moon, some industry insiders admitted to having conflicting emotions about the event. On one hand, there was the thrill of watching NASA take its first steps toward eventually getting
Continue ReadingBy Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a key part of the short-form video app’s audience and business, it was Chief Operating Officer Vanessa Pappas who got on stage for the industry keynote event. Months later, when
Continue ReadingCNN, CNN BUSINESS By Catherine Thorbecke, CNN When TikTok was the title sponsor last summer for Vidcon, an annual convention for the creators and brands that make up a key part of the short-form video app’s audience and business, it was Chief Operating Officer Vanessa Pappas who got on stage for the industry keynote event.
Continue ReadingCNN 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
Continue ReadingBy Brian Fung, CNN A wide range of businesses, internet users, academics and even human rights experts defended Big Tech’s liability shield Thursday in a pivotal Supreme Court case about YouTube algorithms, with some arguing that excluding AI-driven recommendation engines from federal legal protections would cause sweeping changes to the open internet. The diverse group
Continue ReadingBy Clare Duffy, CNN Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. The cuts will affect roles across product areas and regions, CEO Sundar Pichai said in an email to employees that was posted on the company’s
Continue ReadingBy David Goldman, CNN T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach. In a regulatory filing Thursday, the company said the hacker stole customer data that included names, billing addresses, emails, phone numbers, dates of birth, T-Mobile account numbers and information describing the kind of
Continue ReadingCNN By Sean Lyngaas, CNN A senior White House official asked US tech company Cloudflare to help circumvent internet censorship in Iran after protests erupted in that country last September but US sanctions prevented the firm from doing so, Cloudflare CEO Mathew Prince said Thursday at the World Economic Forum in Davos, Switzerland. “I got
Continue ReadingBy Sean Lyngaas, CNN A senior White House official asked US tech company Cloudflare to help circumvent internet censorship in Iran after protests erupted in that country last September but US sanctions prevented the firm from doing so, Cloudflare CEO Mathew Prince said Thursday at the World Economic Forum in Davos, Switzerland. “I got a
Continue ReadingBy Julia Horowitz, CNN Jeff Maggioncalda, the CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was “dumbstruck.” Now, it’s part of his daily routine. He uses the powerful new AI chatbot tool to bang out emails. He uses it to craft speeches “in a friendly, upbeat, authoritative tone with
Continue ReadingBy Samantha Murphy Kelly, CNN Business Instagram on Thursday announced a new feature called “quiet mode,” which aims to help users focus and set boundaries with friends and followers. When the option is enabled, all notifications will be paused and the profile’s activity status will change to ‘In quiet mode.” If someone sends a direct
Continue ReadingBy Jordan Valinsky, CNN Amazon is shutting down its “Smile” charity donation program as the company cuts costs and rethinks its strategy. The Smile initiative will shut down by February 20, Amazon said in a statement Wednesday, explaining the “program has not grown to create the impact that we had originally hoped.” Amazon Smile donated
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business When Kristen Asplin heard about a powerful new AI chatbot tool called ChatGPT going viral online recently with its ability to write frighteningly good essays in seconds, she worried about how her students could use it to cheat. Asplin, a professor at University of Pittsburgh at Greensburg, soon
Continue ReadingBy Samantha Murphy Kelly, CNN Business When Kristen Asplin heard about a powerful new AI chatbot tool called ChatGPT going viral online recently with its ability to write frighteningly good essays in seconds, she worried about how her students could use it to cheat. Asplin, a professor at University of Pittsburgh at Greensburg, soon joined
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