Tag Archive : Tech

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In my column last week, I wrote about China’s edge in AI robotics. 

I pointed out that China has been using advanced robotics in their manufacturing for decades and, most recently, have applied powerful new AI technology to help automate their factories. 

This is an important development for China and will push the US towards similar strides to use AI in more local manufacturing too. The downside for both countries is that AI manufacturing will be good for the robot industry but not that great for creating manufacturing jobs, as robots invade the workforce. 

AI Robotic Manufacturing, however, is just one of the legs of Chinese President Xi JinPing’s vision to take the tech crown from the US and make China less dependent on US technology for their future. 

In

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Image: Software AG

Software AG, one of the largest software companies in the world, has suffered a ransomware attack over the last weekend, and the company has not yet fully recovered from the incident.

A ransomware gang going by the name of “Clop” has breached the company’s internal network on Saturday, October 3, encrypted files, and asked for more than $20 million to provide the decryption key.

Earlier today, after negotiations failed, the Clop gang published screenshots of the company’s data on a website the hackers operate on the dark web (a so-called leak site).

The screenshots show employee passport and ID scans, employee emails, financial documents, and directories from the company’s internal network.

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Image: ZDNet

Software AG disclosed the incident on Monday when it revealed it was facing disruptions on its internal network “due to [a] malware attack.”

The company said that services to customers, including its cloud-based services,

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Nearly 9,000 residents of public housing in Los Angeles will receive free broadband internet access for the rest of the 2020-21 school year as part of a new partnership between the city, Microsoft, and the start-up internet service provider Starry. <span class="copyright">(Gabriella Angotti-Jones / Los Angeles Times)</span>
Nearly 9,000 residents of public housing in Los Angeles will receive free broadband internet access for the rest of the 2020-21 school year as part of a new partnership between the city, Microsoft, and the start-up internet service provider Starry. (Gabriella Angotti-Jones / Los Angeles Times)

Nearly 9,000 residents of public housing in Los Angeles will receive free broadband internet access for the rest of the 2020-21 school year as part of a new partnership between the city, Microsoft, and the startup internet service provider Starry.

Starting in early November, residents of the Jordan Downs, Nickerson Gardens and Imperial Courts housing projects in Watts and the Pueblo del Rio complex in Central Alameda will be able to sign up for the service. They join residents of the Mar Vista Gardens, who have had access since August.

The new partnership comes as L.A. schoolchildren settle into another month of remote learning,

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Photographer: Andrew Harrer/Bloomberg

Britain’s top antitrust enforcer laid out plans for a new regulator, saying the largest tech companies would face scrutiny for any transaction, no matter how small.

Andrea Coscelli, who leads the Competition and Markets Authority, said he wanted to see a “special parallel regime” for the tech giants that have strategic market status. The new program could also apply a stricter test before clearing any deal, Coscelli said in a speech delivered remotely to a New York conference.

The CMA is increasingly voicing concerns about internet giants swallowing up smaller firms and the new system would automatically have oversight of deals like Facebook Inc.’s purchase of Giphy. The renewed effort to roll back the dominance of these companies comes as the U.K.’s departure from the European Union gives the CMA leeway to devise new approaches to antitrust.

“For me, the case for regulation is

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The House Judiciary Committee just released its antitrust report which states that Amazon, Apple, Facebook and Google have become gatekeepers sitting on supra-competitive profits and unchecked, significant and durable market power. The simple question of how much do technology firms actually earn is non-trivially difficult at this point. Partly because U.S. accounting rules treat research and development (R&D) and Selling, General and Administrative (SGA) outlays as expenses that depress the reported accounting return on assets (ROA). This is despite the fact that R&D and SGA increasingly contain substantial investments in intangible assets. 

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Steve Ballmer. (GeekWire File Photo / Dan DeLong)

Twenty years after Microsoft waged its own antitrust battle with the U.S. government, former CEO Steve Ballmer is betting that Congress won’t break up Big Tech this time around.

In an interview with CNBC on Wednesday (below), Ballmer was reacting to a U.S. House antitrust subcommittee report released this week that found challenges presented by the dominance and business practices of Amazon, Apple, Facebook and Google.

RELATED: House antitrust probe says Amazon has ‘monopoly power’ over sellers, company slams ‘fringe’ findings

“I’ll bet money that they will not be broken up,” Ballmer told CNBC.

The 450-page report from the subcommittee’s Democratic leaders concludes a 16-month investigation into the four companies as the operators of major online markets. It finds that the market power of the tech giants “has diminished consumer choice, eroded innovation and entrepreneurship in the U.S. economy, weakened the vibrancy

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Democratic vice presidential nominee Kamala Harris (left) and Facebook COO Sheryl Sandberg (right) talk during an event at Facebook’s headquarters in Menlo Park, California, in 2015.


Justin Sullivan/Getty Images

This story is part of Elections 2020, CNET’s coverage of the run-up to voting in November.

Toward the end of an April 2018 hearing in the nation’s capital, Sen. Kamala Harris leaned into her microphone and offered Facebook CEO Mark Zuckerberg a frank and unflattering assessment of his company.

“I have to tell you, I’m concerned about how much Facebook values trust and transparency,” the California Democrat told Zuckerberg. The CEO was being grilled by lawmakers over a scandal involving Cambridge Analytica, a data consultancy that scraped user information from the social network to help Donald’s Trump’s 2016 candidacy.

Then Harris, who is now the Democratic nominee for vice president, zeroed in on a particularly troubling point: Facebook’s failure

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Citigroup has fired a senior vice president in the bank’s technology department after probing his outside job running the most prominent website devoted to QAnon, a debunked yet popular conspiracy theory. 

Jason Gelinas was put on paid leave in September after being identified as the person behind the site QMap.pub and related mobile apps. His role was first reported by Logically.ai, a fact-checking site.

“Mr. Gelinas is no longer employed by Citi. Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action,” a spokesperson for the bank told CBS MoneyWatch.

“As outlined in our code of conduct, employees are required to disclose and obtain approvals for outside business activities,” the spokesperson added.

It was hardly a typical side hustle, according to media accounts of Gelinas’s alleged moonlighting. The former Citi executive is credited with helping transform an

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Jeff Bezos standing in front of a television: Amazon CEO Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020. Graeme Jennings-Pool/Getty Images


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Amazon CEO Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020. Graeme Jennings-Pool/Getty Images

  • Now that House Democrats have completed a sweeping antitrust investigation into Facebook, Apple, Amazon, and Google, they’re prepared to introduce new laws to curb the tech giants’ power.
  • The 449-page report published by the House Antitrust Subcommittee on Tuesday, as well as public statements by Democrats on the heels of the report, signal how they might go about changing the laws.
  • Antitrust court decisions in recent decades have focused on consumer welfare, but Democrats say laws need to be updated given that many tech companies don’t charge consumers for their products and have wide-ranging impacts on workers and other businesses.
  • Meanwhile, Republicans
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Amazon sets the rules for digital commerce, and Apple favors its own apps and services on its devices. Facebook holds “firmly entrenched” monopoly power over social networking. Google has maintained its search dominance by grabbing information from third parties without permission to improve search results.

Those are some of the findings from a sweeping report by House lawmakers accusing four of the world’s largest tech companies of abusing their market power. The document, which was released on Tuesday, concludes a 15-month investigation.

Read more of our coverage of the report:

House Lawmakers Condemn Big Tech’s ‘Monopoly Power’

In a 449-page report that was presented by the House Judiciary Committee’s Democratic leadership, lawmakers said the four companies had turned from “scrappy” start-ups into “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.” The lawmakers said the companies had abused their dominant positions, setting and

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