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US adds Chinese supercomputing companies to export blacklist

US adds Chinese supercomputing companies to export blacklist

The US has placed Chinese groups accused of building supercomputers to help the Chinese military on an export blacklist, the first such move by the Biden administration to make it harder for China to obtain US technology.Three companies and four branches of China’s National Supercomputing Center were added to the US government “entity list,” which bars American companies from exporting technology to the groups without a license.The US commerce department said the groups were involved in building supercomputers used by Chinese “military actors” and facilitating programs to develop weapons of...

Apr 9
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TSMC: How a Taiwanese chipmaker became a linchpin of the global economy

TSMC: How a Taiwanese chipmaker became a linchpin of the global economy

When Li Ta-sen was a little boy, he used to walk to school through fields of sugarcane taller than himself. Some 40 years later, he is making a living by selling-off the same fields as a property boom takes hold in his hometown of Shanhua.The reason for the construction frenzy in the once shabby rural town in southern Taiwan is simple: the arrival of the world’s most advanced chip factory.Taiwan Semiconductor Manufacturing Company, the largest contract chipmaker in the world, is building a plant to make 3 nanometer chips, semiconductors expected to be up to 70 percent faster and more...

Mar 24
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Facebook lifts ban on US political advertising

Facebook lifts ban on US political advertising

Facebook will lift a ban on political advertising imposed after the US election to curb the spread of misinformation, and it has pledged to investigate whether its political ads systems need a further overhaul.Advertisers would be able to resume running political ads on March 4, Facebook said in a blog post on Wednesday. It said it had introduced the temporary moratorium “to avoid confusion or abuse following Election Day.”The social media company said it had received “feedback” about its ads system during the latest election cycle, including its inability to distinguish between ads from...

Mar 3
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China targets rare earth export curbs to hobble US defense industry

China targets rare earth export curbs to hobble US defense industry

China is exploring limiting the export of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets and other sophisticated weaponry, according to people involved in a government consultation.The Ministry of Industry and Information Technology last month proposed draft controls on the production and export of 17 rare earth minerals in China, which controls about 80 percent of global supply.Industry executives said government officials had asked them how badly companies in the US and Europe, including defense contractors, would be affected if China restricted...

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Feb 16
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Hedge fund Melvin sustains 53% loss after Reddit onslaught

Hedge fund Melvin sustains 53% loss after Reddit onslaught

Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies it had bet against, lost 53 percent in January, according to people familiar with the firm’s results.The New York-based hedge fund sustained a $4.5 billion fall in its assets from the end of last year to $8 billion, even after a $2.75 billion cash injection from Steve Cohen’s Point72 Asset Management and Ken Griffin’s Citadel.Melvin became the target of retail traders who coordinated to drive up the share price of GameStop on online message boards such as Reddit, after...

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Jan 31
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Grubhub gig workers react angrily to change in tipping policy

Grubhub gig workers react angrily to change in tipping policy

California-based workers for food delivery app Grubhub have reacted angrily to changes to the platform which they say discourage tipping, saying they would wipe out the supposed benefits of new gig worker rules in the state.Last month, California passed Proposition 22, which though falling far short of the benefits received by full-time employees, gave gig workers a limited number.Weeks after the ruling, Grubhub reduced its default tip amount from about 20 percent to zero, adding a suggestion to “leave an optional tip on top of driver benefits.”Like other apps, Grubhub added an additional...

Dec 28
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MindGeek: The secretive owner of Pornhub and RedTube

MindGeek: The secretive owner of Pornhub and RedTube

Mario Salieri was shooting a pornographic movie in a lavish Prague villa two decades ago when he first caught sight of the computer geeks who were about to upend his industry.“The owner of the villa asked me if we could offer a sandwich to a young computer programmer who had been renting a room,” says Salieri. “The boy was pale and visibly hungry.”A few years later, Salieri discovered that “the boy” had bought his first Rolls-Royce Phantom. Like other coders, he had made a fortune selling advertising on the early free-to-watch porn sites, which today attract hundreds of millions of visits...

Dec 17
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EU warns that it may break up Big Tech companies

EU warns that it may break up Big Tech companies

The EU will threaten on Tuesday to break up Big Tech companies if they repeatedly engage in anti-competitive behavior.The warning comes as Brussels publishes its drafts of two major new pieces of tech regulation.A Digital Markets Act will aim to tackle unfair competition in the sector, and a Digital Services Act will force tech companies to take more responsibility for illegal behavior on their platforms.The long-awaited regulations are the first significant overhaul of the EU’s approach to the Internet for two decades.After the European Commission publishes its proposals on Tuesday, they...

Dec 15
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Nation-state backed hackers going after COVID vaccine supply chain

Nation-state backed hackers going after COVID vaccine supply chain

Cyber attackers have targeted the cold supply chain needed to deliver COVID-19 vaccines, according to a report detailing a sophisticated operation likely backed by a nation-state.The hackers appeared to be trying to disrupt or steal information about the vital processes to keep vaccines cold as they travel from factories to hospitals and doctors’ offices.According to the report by IBM’s threat intelligence task force, which advises companies and the public sector on cyber security, they targeted organizations associated with a cold chain platform run by the Gavi vaccine alliance, a...

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Dec 3
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Amazon to roll out tools to monitor factory workers and machines

Amazon to roll out tools to monitor factory workers and machines

Amazon is rolling out cheap new tools that will allow factories everywhere to monitor their workers and machines, as the tech giant looks to boost its presence in the industrial sector.Launched by Amazon’s cloud arm AWS, the new machine-learning-based services include hardware to monitor the health of heavy machinery and computer vision capable of detecting whether workers are complying with social distancing.Amazon said it had created a two-inch, low-cost sensor—Monitron—that can be attached to equipment to monitor abnormal vibrations or temperatures and predict future faults.AWS Panorama,...

Dec 1
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