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Facebook pledges to invest $1 billion in news after Australia standoff

Facebook pledges to invest $1 billion in news after Australia standoff

Key Points announced Wednesday that it plans to spend at least $1 billion in the news industry over the next three years.The announcement comes just days after a heated debate with the Australian government over how much Facebook should pay news publishers for content."We've invested $600 million since 2018 to support the news industry, and plan at least $1 billion more over the next three years," Nick Clegg, vice president of global affairs at Facebook, said in published Wednesday."Facebook is more than willing to partner with news publishers," added Clegg. "We absolutely recognize quality...

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Sam Shead
3d ago
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Russia open to Musk’s offer of a conversation with Putin via Clubhouse, seeks further details

Russia open to Musk’s offer of a conversation with Putin via Clubhouse, seeks further details

Key PointsRussia hasn't ruled out the idea of President Vladimir Putin talking to Tesla billionaire Elon Musk on social media app Clubhouse, according to multiple media reports.Kremlin spokesperson Dmitry Peskov on Monday told reporters that the proposal was "interesting" but more details were needed, according to Tass news agency. The news was also reported by Reuters and ."First we want to figure it out, you know that President Putin does not directly use social networks, he personally does not run them," Peskov said, according to translated remarks."In general, this is a very interesting...

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Sam Shead
Feb 15
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Amazon to buy half of the energy produced by huge offshore wind farm in the Netherlands

Amazon to buy half of the energy produced by huge offshore wind farm in the Netherlands

Key PointsLONDON — announced Monday it plans to buy half of the energy produced by a huge new wind farm in the Netherlands. Shell and Eneco the 759 megawatt wind farm in the North Sea last July, and Amazon said it would now purchase more than 380 MW of its output to power its operations in Europe.  Amazon said the "Amazon-Shell HKN Offshore Wind Project" will be its largest single-site renewable energy project yet. The offshore wind farm is expected to be operational by 2023.Located 18.5 kilometers off the Dutch coast and covering an area of 125 square kilometers, the wind farm will be...

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Sam Shead
Feb 8
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Facebook develops A.I. to predict likelihood of worsening Covid symptoms

Facebook develops A.I. to predict likelihood of worsening Covid symptoms

Key PointsArtificial intelligence researchers at claim they have developed software that can predict the likelihood of a Covid patient deteriorating or needing oxygen based on their chest X-rays.Facebook, which worked with academics at NYU Langone Health's predictive analytics unit and department of radiology on the research, says that the software could help doctors avoid sending at-risk patients home too early, while also helping hospitals plan for oxygen demand.The 10 researchers involved in — five from Facebook AI Research and five from the NYU School of Medicine — said they have...

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Sam Shead
Jan 15
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Microsoft, Salesforce and Oracle back plan to develop a digital Covid vaccination passport

Microsoft, Salesforce and Oracle back plan to develop a digital Covid vaccination passport

Key PointsLONDON — A digital Covid vaccination passport is being jointly developed by a group of health and technology companies who anticipate that governments, airlines and other firms will soon start asking people for proof that they have been inoculated.A coalition known as the Vaccination Credential Initiative — which includes , and , as well as U.S. health care non-profit Mayo Clinic — was .The VCI said it wants to develop technology that enables individuals to obtain an encrypted digital copy of their immunization credentials that can be stored in a digital wallet of their choice,...

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Sam Shead
Jan 14
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WikiLeaks founder Julian Assange denied bail by London court

WikiLeaks founder Julian Assange denied bail by London court

Key PointsLONDON — WikiLeaks founder Julian Assange has been denied bail by a London judge who said there was a risk he may flee justice while the U.S. tries again to secure his extradition.The 49-year-old Australian asked to be set free after a said that he cannot be extradited. U.S. authorities want to charge him with espionage after he published hundreds of thousands of classified military documents and diplomatic cables on WikiLeaks in 2010 and 2011."I am satisfied that there are substantial grounds for believing that if Mr Assange is released today he would fail to surrender to court...

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Sam Shead
Jan 6
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German firm says indoor vertical farm in Singapore will produce 1.5 tons of 'leafy greens' every day

German firm says indoor vertical farm in Singapore will produce 1.5 tons of 'leafy greens' every day

Key PointsIndoor vertical farm company aims to raise Singapore's local produceThe boss of German firm &ever has said that his company's new indoor vertical farm in Singapore will produce 1.5 tons of "leafy green" produce every day when it is up and running in the fourth quarter of next year.Henner Schwarz, Chief Executive Officer at &ever, told CNBC on Monday that he expects produce from his firm's new research and development facility in Changi will reach a lot of Singaporeans over time and "make a small contribution to food security in Singapore."The company, which competes with more...

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Sam Shead
Dec 22
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Google and Facebook reportedly agreed to help each other against potential antitrust action

Google and Facebook reportedly agreed to help each other against potential antitrust action

Key Points and pledged to help one another if they ever faced an investigation into their pact to work together in online advertising, according to a on Tuesday.The story is based on an unredacted version of a lawsuit filed by 10 U.S. states against Google last week that was seen by the Journal.Google and Facebook reportedly made a deal in September 2018 in which Facebook agreed not to compete with Google's online advertising tools. In return, the social media giant was given "special treatment" when it used them itself, according to the Journal. The lawsuit reportedly states that Google...

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Sam Shead
Dec 22
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Zoom confident it can meet Covid-fueled Christmas Day demand

Zoom confident it can meet Covid-fueled Christmas Day demand

Key PointsLONDON – is gearing up for what could end up being its busiest day ever: Christmas Day.Around the world, lockdowns will make traveling to see friends and family on Christmas Day complicated, and for millions, illegal.Over 18 million people in the U.K. found out on Saturday that they can no longer see their loved ones on Christmas Day as strict new rules. London and much of southeast England were put into "Tier 4" in an effort to try to slow the spread of of the coronavirus that's believed to be up to 70% more transmissible.Brits instantly started discussing the prospect of a...

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Sam Shead
Dec 21
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Climate change falls down the agenda at A.I. lab DeepMind after energy heads leave

Climate change falls down the agenda at A.I. lab DeepMind after energy heads leave

Key PointsLONDON — Artificial intelligence (AI) lab DeepMind has shifted its focus from climate change to other areas of science and is pursuing its original mission of creating artificial general intelligence (AGI), which is widely seen as the holy grail of the nascent technology, according to several people familiar with the matter.  While DeepMind, by in 2014 for $600 million, denies it has shifted its focus, several key climate change researchers that were part of the company's energy unit have left the company over the last two years, and it has made few climate change-related...

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Sam Shead
Dec 17
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DeepMind A.I. unit lost $649 million last year and had a $1.5 billion debt waived by Alphabet

DeepMind A.I. unit lost $649 million last year and had a $1.5 billion debt waived by Alphabet

Key PointsLONDON — Losses at DeepMind, the artificial intelligence firm owned by Google parent , grew 1.5% last year, according to its latest annual report.The London-headquartered AI lab — founded in 2010 by Demis Hassabis, Mustafa Suleyman and Shane Legg — had a loss of £477 million ($649 million) in 2019, worse than the £470 million loss in 2018, according to documents filed Thursday with the U.K.'s Companies House registry.The vast majority of DeepMind's spending in 2019 went on "staff and other related costs," with the annual report showing that some £468 million went toward this, up...

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Sam Shead
Dec 17
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Suspected Russian hack is much worse than first feared: Here's what you need to know

Suspected Russian hack is much worse than first feared: Here's what you need to know

Key PointsThe scale of a sophisticated cyberattack on the U.S. government that was unearthed this week is much bigger than first anticipated. The Cybersecurity and Infrastructure Security Agency said in a that the threat "poses a grave risk to the federal government."It added that "state, local, tribal, and territorial governments as well as critical infrastructure entities and other private sector organizations" are also at risk.CISA believes the attack began at least as early as March. Since then, multiple government agencies have reportedly been targeted by the hackers, with confirmation...

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Sam Shead
Dec 18
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Pfizer-BioNTech vaccine documents were ‘unlawfully accessed’ in a cyberattack on Europe’s medicines agency

Pfizer-BioNTech vaccine documents were ‘unlawfully accessed’ in a cyberattack on Europe’s medicines agency

Key PointsLONDON — Documents related to the development of the Pfizer-BioNTech Covid-19 vaccine have been "unlawfully accessed" in a cyberattack on the European Medicines Agency.The EMA said in a that it "has been the subject of a cyberattack" and launched an investigation "with law enforcement and other relevant agencies."The regulator did not disclose details on the nature of the attack but that documents included in its regulatory submission, which were stored on an EMA server, had been accessed. It's unclear exactly which documents were accessed and who by."It is important to note that...

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Sam Shead
Dec 10
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Facebook criticizes Apple as it welcomes Europe's new tech rules

Facebook criticizes Apple as it welcomes Europe's new tech rules

Key PointsLONDON — accused of using its power to "harm developers and consumers" and welcomed draft laws outlined by the European Commission. The new laws announced Tuesday — known as the Digital Markets Act and the Digital Services Act — are designed to keep the tech giants in check. The DMA introduces rules for platforms that act as "gatekeepers" in the digital sector, while the DSA is designed to address illegal and harmful content by asking platforms to rapidly take it down."We hope the DMA will also set boundaries for Apple," a Facebook spokesman said in a statement. "Apple controls an...

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Sam Shead
Dec 16
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Elon Musk hints at Tesla hatchback model for Europe

Elon Musk hints at Tesla hatchback model for Europe

Key PointsLONDON — Chief Executive Elon Musk has suggested that his firm could launch a new hatchback model in Europe in the future.Tesla currently sells two SUVs in the Model Y and Model X, as well as the Model S executive saloon and the Model 3 sedan. It doesn't, however, sell any vehicles that are similar in size to say a Volkswagen Golf, a Ford Fiesta, or a Mini Cooper."Possibly in Europe it would make sense to do, I guess, a compact car, perhaps a hatchback or something like that," Musk said Tuesday at a virtual conference on batteries hosted by the German government, according to...

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Sam Shead
Nov 25
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Elon Musk has overtaken Bill Gates to become the world’s second richest person

Elon Musk has overtaken Bill Gates to become the world’s second richest person

Key PointsTesla tops $500 billion market value as shares hit all-time high co-founder Elon Musk is now the world's second richest person after he leapfrogged Microsoft billionaire Bill Gates, according to the , which tracks the wealth of the world's 500 richest people.The 49-year-old entrepreneur, who is also the co-founder of space exploration firm SpaceX, saw his net worth rise by $7.2 billion to $128 billion on Monday as in December.Musk's net worth has risen by $100.3 billion in 2020, marking the largest increase among those on the Bloomberg Billionaire Index. In January, Musk ranked...

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Sam Shead
Nov 24
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Facebook moderators say company has risked their lives by forcing them back to the office

Facebook moderators say company has risked their lives by forcing them back to the office

Key PointsMore than 200 content moderators from across the U.S. and Europe have written to CEO Mark Zuckerberg and urged him to let them work from home during the coronavirus pandemic."We, the undersigned Facebook content moderators and Facebook employees, write to express our dismay at your decision to risk our lives — and the lives of our colleagues and loved ones — to maintain Facebook's profits during the pandemic," reads the letter, which was published Wednesday."After months of allowing content moderators to work from home, faced with intense pressure to keep Facebook free of hate and...

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Sam Shead
Nov 18
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World wide web inventor launches privacy platform for enterprises; NHS and BBC sign up

World wide web inventor launches privacy platform for enterprises; NHS and BBC sign up

Key PointsLONDON — Tim Berners-Lee, the English computer scientist best known as the inventor of the world wide web, has revealed that his latest start-up has launched a privacy platform for enterprises. The U.K.'s National Health Service, the BBC, NatWest Bank and the Flanders Government are among its early adopters.Inrupt, founded by Berners-Lee and CEO John Bruce in 2018, is aiming to develop technology that gives people control of their data, allowing them to choose where their data is stored and who has access to it.The start-up announced Monday that it had launched an enterprise...

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Sam Shead
Nov 9
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TikTok and parent company ByteDance have sued rival app Triller

TikTok and parent company ByteDance have sued rival app Triller

Key PointsSocial media app TikTok and its Chinese parent ByteDance are fighting back in a patent infringement case that has been brought by smaller rival Triller in the U.S.The companies filed a case in San Francisco federal court Wednesday in response to a patent infringement lawsuit that social video platform Triller filed in July in Waco, Texas. The patent in question relates to creating music videos synchronized with audio.Triller claims that TikTok and ByteDance have been infringing its patents and using its technology for years. ByteDance denies this and argues that Triller's...

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Sam Shead
Oct 29
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Apple reportedly steps up effort to build Google search alternative

Apple reportedly steps up effort to build Google search alternative

Key Points has quietly increased its efforts to develop its own search technology for iPhones, according to a report by , as regulators scrutinize the multibillion-dollar payments that Google makes each year to ensure that its search engine is installed as a default search tool. When iPhone users with iOS 14, the latest iPhone software, type a query into the search window, Apple now shows its own search results instead of Google's. It also displays auto-complete style suggestions, highlighting how it is learning from users most common search queries. However, few are likely to have noticed...

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Sam Shead
Oct 28
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Facebook Dating lands in Europe as singles look for romance under lockdown

Facebook Dating lands in Europe as singles look for romance under lockdown

Key PointsLONDON — announced Thursday that it has expanded its dating service to Europe, a little over a year after it launched in the U.S.The platform, known simply as "Facebook Dating," is designed to help Facebook users find partners through things they have in common such as interests, events and groups. Those wanting to opt-in to the service, which has a dedicated space in the Facebook app, must set up a Facebook Dating profile.Once registered, Facebook users can share personal "Stories" on their dating profile, as well as Stories from their main Facebook or Instagram account.There's...

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Sam Shead
Oct 21
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Nvidia’s $40 billion Arm acquisition could be targeted by Chinese regulators, analysts say

Nvidia’s $40 billion Arm acquisition could be targeted by Chinese regulators, analysts say

Key PointsLONDON – Regulators in China could be a major barrier in attempt to buy U.K. chipmaker Arm from SoftBank for $40 billion, according to analysts.The mega-deal, which would create the largest chip company in the West by market value and global reach, was . But it is far from being home and dry, with multiple regulators able to weigh in including China's Ministry of Commerce (MOFCOM) and China's State Administration for Market Regulation (SAMR)."Technically, Beijing can block the deal," Abishur Prakash, a geopolitical specialist at the Center for Innovating the Future, a...

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Sam Shead
Oct 16
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Twitter follows Facebook on removing posts that deny the Holocaust

Twitter follows Facebook on removing posts that deny the Holocaust

Key Points confirmed it is going to start removing posts that deny the Holocaust just two days after implemented the same policy."We strongly condemn anti-Semitism, and hateful conduct has absolutely no place on our service," said a Twitter spokesperson in a statement Wednesday."We also have a robust 'glorification of violence' policy in place and take action against content that glorifies or praises historical acts of violence and genocide, including the Holocaust."The news was . Twitter's prohibits making references to violent events or attempts to deny or diminish such events.Around 6...

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Sam Shead
Oct 15
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Amazon faces strikes in Germany on busy Prime Day

Amazon faces strikes in Germany on busy Prime Day

Key PointsLONDON — workers are striking in Germany on Prime Day, which is usually one of busiest days of the year for the e-commerce giant.Warehouse workers in the German cities of Leipzig, Bad Hersfeld, Rheinberg, Werne, Graben and Koblenz are due to take part in the strike, which is being organized by German labor union ver.di.A spokesperson for Amazon told CNBC that customers will still get their orders on time and that the strikes will have no impact on Amazon's delivery promise.The strike, taking place on Tuesday and Wednesday, is happening because the union and its members think...

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Sam Shead
Oct 13
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EU lawmakers write letter to Jeff Bezos asking him if Amazon is spying on them

EU lawmakers write letter to Jeff Bezos asking him if Amazon is spying on them

Key PointsLONDON – Lawmakers in the European Union have written a letter to Amazon boss Jeff Bezos asking if his company is hiring intelligence agents to spy on politicians, trade unionists, and members of staff.Authored by Leïla Chaibi, a French politician from the La France Insoumise party, the letter was signed by 36 MEPs (Members of European Parliament) from mostly left-wing and green parties across the EU."We wonder about your intentions with great concern: does Amazon's monitoring intentionally target trade unionists, Amazon workers, as well as political representatives (including...

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Sam Shead
Oct 7
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