List of All Articles with Tag 'tec'

Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency

China's top financial regulators have fined Ant Group — the fintech firm founded by billionaire Jack Ma — about 7.1 billion yuan ($994 million) for breaking rules related to consumer protection and corporate governance.

By Yuvraj Malik AI4Bharat, a start-up backed by Microsoft, is raising $12 million from venture capital firms Peak

By Emma Farge GENEVA Robots presented at an AI forum said on Friday they expected to increase in

By Mai Nguyen HANOI New electric vehicles from Tesla and rivals are being engineered for efficiency in a

As Twitter users get increasingly disgruntled with a platform owned by a controversial billionaire which has imposed temporary reading limits and has suffered countless outages, the CEO of the social media network has insisted the site’s community is “irreplaceable” as individuals flock to rival apps. After Mastodon, Post and Bluesky all stepped up to the plate to try and pull people away from the bird app, Instagram’s text-based alternative Threads has proven to be the next high-profile competitor – so much so, that Meta boss Mark Zuckerberg revealed 10 million people had signed up in the first seven hours of it going live this week. And Twitter’s certainly alarmed by its growing popularity. Owner Elon Musk has criticised the amount of data the app may collect on users and accused it of “cheating” amid reports of a lawsuit against Meta, and now, CEO Linda Yaccarino has stressed “everyone’s voice matters” on Twitter. The ex-NBCUniversal advertising chair – who was appointed to the top job back in May and didn’t issue a single tweet during the platform’s ‘rate limit exceeded’-related outage earlier this month – wrote on Thursday: “Whether you’re here to watch history unfold, discover real-time information all over the world, share your opinions, or learn about others – on Twitter you can be real. “You built the Twitter community. And that’s irreplaceable. This is your public square. “We’re often imitated – but the Twitter community can never be duplicated.” Sign up to our free Indy100 weekly newsletter Although the post makes no explicit reference to Threads, it was shared just hours after the rival app landed on Google Play and the App Store, and Yaccarino’s mention of “real-time information” comes as the initial version of Threads’ home feed is non-chronological and instead generated by an algorithm. However, sharing a screenshot of a tweet from Musk in which he claimed a “closed-source, algorithm-only system” means “manipulation” of information is “essentially undetectable”, Instagram head Adam Mosseri clapped back: “If anyone was asking, both Instagram and Facebook have chronological feeds options, so yes, we’re going to bring one to Threads too.” So that’s that, then. And looking at the replies to Yaccarino’s tweet, many aren’t convinced by her argument – not even the blue ticks paying a monthly fee for additional features: Oh, and if all of this wasn’t bizarre enough, there’s talk of a cage fight between Mark Zuckerberg and Elon Musk. Yes, really. No, we can’t believe it either. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

By Tom Wilson and Jaiveer Shekhawat (Reuters) -A string of executives have quit Binance, according to their tweets and media

In the run-up to Instagram launching Threads earlier this week - its “civil”, text-based alternative to Twitter - billionaire Elon Musk has criticised the rival app looking to compete with the platform he bought back in October for $44bn by calling out the amount of data it may collect on users. Now, after the Meta-run platform is out in the wild, Musk appears to be so riled up by its runaway success (Facebook co-founder Mark Zuckerberg reported 10 million sign-ups in the first seven hours after launch) that he’s threatening to sue Meta over what he considers “cheating”. News website Semafor shared a letter from Twitter lawyer Alex Spiro, in which he writes that the bird app has “serious concerns” Zuckerberg’s company has carried out “systemic, wilful, and unlawful misappropriation of Twitter’s trade secrets and other intellectual property”. It reads: “Over the past year, Meta has hired dozens of former Twitter employees. Twitter knows that these employees previously worked at Twitter; that these employees had and continue to have access to Twitter’s trade secrets and other highly confidential information; that these employees owe ongoing obligations to Twitter; and that many of these employees have improperly retained Twitter documents and electronic devices. “With that knowledge, Meta deliberately assigned these employees to develop, in a matter of months, Meta’s copycat ‘Threads’ app with the specific intent that they use Twitter’s trade secrets and other intellectual property in order to accelerate the development of Meta’s competing app, in violation of both state and federal law as well as those employees’ ongoing obligations to Twitter. “Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information.” Sign up to our free Indy100 weekly newsletter Crikey. Appearing to confirm the legal threat following Semafor’s report, Musk tweeted: “Competition is fine, cheating is not.” The remark has since been met with heavy ridicule: Meanwhile, Meta’s communication director, Andy Stone has taken to Threads to state: “No one on the Threads engineering team is a former Twitter employee – that’s just not a thing.” The Musk-Zuckerberg feud very much continues, though, to the extent there are continued rumours the two tech moguls could partake in a “cage fight” to settle their differences – yes, really. We’ll go and fetch the popcorn… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

A law that props up the news industry has turned Canada into the latest battleground for global tech

Apple Inc. is planning a retail launch of its Vision Pro headset with appointments and in-store promotion in

European football teams, media like Le Monde and Agence France-Presse and other organizations on the continent have found

By Josh Ye HONG KONG Alibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator,