Lyft announced that it would lay off 26 percent of its staff, becoming the latest company to initiate cuts in its workforce, as concerns over a potentially deep recession rise. The decision, which was filed with the Securities and Exchange Commission on April 27, will affect 1,072 out of the roughly 4,000 employees at the rideshare…
Lyft Slashes Over 1,000 Jobs, 26 Percent of Its Workforce
April 28, 2023
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Microsoft Reports Boost in Profits, Revenue, as It Pushes AI
REDMOND, Wash.—Microsoft on Tuesday reported a 9 percent increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share. The…
UK Blocks Microsoft’s $69 Billion Activision Deal Over Cloud Gaming Concerns
April 27, 2023
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LONDON—Britain will block Microsoft’s $69 billion acquisition of “Call of Duty” maker Activision Blizzard over concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion dollar “Call of Duty” franchise to…
Small Businesses Attempt to Hire Layoffs From Big Tech
April 27, 2023
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Layoffs at American tech companies have become an opportunity for small businesses, as highly skilled workers look for new work. Small businesses with less than 250 workers employed 58 percent of the total workforce in 2020, according to the U.S. Census. Tech startups have posted far more job offers than Big Tech firms in recent…
‘Not Tolerated’: Elon Musk Suspends Creator of Pedophile ‘Pride Flag’ From Twitter
Twitter has suspended an account belonging to a user who created a “youth-attracted person” flag to celebrate and support pedophiles, as Elon Musk declared that such behavior would not be tolerated on the platform. Dr. Anastasia Maria Loupis, a medical professional based in Copenhagen, Denmark, took to Twitter on April 26 to share a screenshot…
Musk Discusses Artificial Intelligence With Schumer on Capitol Hill
April 27, 2023
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Tesla CEO Elon Musk met with Senate Majority Leader Chuck Schumer (D-N.Y.) on Capitol Hill on April 26, and the two talked about artificial intelligence (AI) and electric vehicles. “We talked about the future,” Musk told reporters after finishing his meeting, which lasted about an hour. “We talked about AI and the economy.” Schumer told…
Senators Unveil Bipartisan Bill to Set Age Restrictions for Social Media
Legislation introduced on April 26 by a group of bipartisan senators would set a minimum age requirement for social media use and impose other restrictions on how such platforms present content to minors. Sponsored by Sens. Brian Schatz (D-Hawaii), Tom Cotton (R-Ark.), Chris Murphy (D-Conn.), and Katie Britt (R-Ala.), the bill requires social media platforms…
US Regulators Say They Already Have Power to Crack Down on AI Misuse, Warn Firms to Comply With Laws
April 26, 2023
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A number of federal government agencies said on April 25 that they have the power to prevent unlawful “bias in algorithms and technologies” marketed as artificial intelligence (AI). In a joint statement, four federal agencies —The Civil Rights Division of the United States Department of Justice, the Consumer Financial Protection Bureau (CFPB), the Federal Trade…
Software Engineers Face Layoffs as Tech Industry Begins Cutbacks
Software engineers face increasing prospects of being laid off as the tech industry begins downsizing due to economic uncertainties. Tech work was once considered a safe bet regarding job security, with many people encouraged to “learn to code” over the past two decades. Vox reported on April 21 that a trickle of layoffs in the tech industry…
YouTuber Offers to Buy Homeless Man Food, but Eats It Himself in Prank That Triggers Backlash
A YouTuber who posted a video of himself offering to buy a homeless man some food is receiving backlash for eating the meal himself in a since-deleted video. Trevon Sellers’ YouTube channel is called “whatsuptre,” and in his latest video prank, he is standing outside a Wendy’s discussing the topic of homelessness in Los Angeles,…
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