Tech News
TikTok Bolsters Content Safety with Over 40,000 Global Moderators
August 08, 2024 – On August 6th, soyacincau reported on their recent visit to TikTok’s Transparency and Accountability Center (TAC) in Singapore, shedding light on the content moderation mechanisms of the globally popular short video platform. TikTok currently employs over 40,000 moderators worldwide to ensure platform safety, managing content in over 70 languages. These moderators,…
Intel Faces Shareholder Lawsuit After $32 Billion Market Value Evaporation
August 08, 2024 – Intel, the U.S. chipmaking giant, faced a class-action lawsuit from its shareholders on Wednesday, according to a report by Reuters. The plaintiffs accused the company of concealing significant operational issues, leading to poor performance, massive layoffs, and the suspension of dividends. Consequently, the company’s stock price evaporated more than $32 billion…
Sony Abandons Paramount Acquisition: Strategic Misalignment and High Risks Prompt Decision
August 08, 2024 – Sony Group has officially ended its plans to acquire the film and television production giant Paramount Global, according to Hiroki Totoki, the President, Chief Operating Officer, and Chief Financial Officer of Sony Group. This announcement marks the conclusion of Sony’s potential acquisition of Paramount. Previously, there were reports that Sony, along…
Apple May Charge Up to $20 Monthly for New AI Features: Analysts Predict
August 08, 2024 – According to a report by CNBC, several analysts have predicted that Apple Inc. might charge up to $20 per month for its upcoming advanced artificial intelligence features. This move is expected to further boost the growth of its lucrative services business. Apple is planning to introduce an artificial intelligence system called…
Microsoft Claims Delta Air Lines Rejected Free Aid Due to Outdated IT Infrastructure
August 07, 2024 – Microsoft has responded to previous accusations made by Delta Air Lines regarding issues with Windows and CrowdStrike. The airline’s CEO, Ed Bastian, had earlier stated that the company suffered losses of approximately $500 million due to a major IT failure last month, and they planned to seek compensation from both CrowdStrike…
Shopee Clarifies: No Layoffs in Indonesia, Only Employee Relocations
August 05, 2024 – According to a report by Tempo.co on Saturday, rumors had been circulating on social media about a massive layoff of “hundreds of people” by the Southeast Asian e-commerce giant Shopee. However, these rumors were later denied by the company. Radynal Nataprawira, the head of public affairs at Shopee Indonesia, clarified that…
Microsoft Forms Team to Create Small Game Based on Blizzard IPs
August 03, 2024 – Microsoft and Blizzard have formed a new team to develop a small “AA” game, according to a report by Windows Central today. The new team, primarily composed of former King team members, will focus on creating a game based on Blizzard’s existing game IPs such as “Overwatch,” “Warcraft,” and “StarCraft.” This…
TikTok and ByteDance Sued for Unauthorized Collection of Children’s Data
August 03, 2024 – On Friday local time, the U.S. Justice Department filed a lawsuit against TikTok and its parent company, ByteDance, alleging failures to protect children’s privacy on the social media platform, according to Bloomberg. The U.S. government claimed that TikTok violated the Children’s Online Privacy Protection Act, which requires parental consent before collecting…
Tim Cook Reveals Push for Apple Intelligence Rollout in China, Aims to Serve All Apple Users with AI
August 02, 2024 – Apple CEO Tim Cook announced during the company’s fiscal third-quarter earnings call that the tech giant has already reached out to regulatory bodies to launch its Apple Intelligence service in Europe and China. During the call for the second quarter ending June 29, 2024, when questioned about the international rollout of…
Intel to Lay Off 15,000 Employees: CEO Pat Gelsinger Describes ‘Painful’ Decision
August 02, 2024 – Following the release of its financial report today, Intel CEO Pat Gelsinger announced a series of “significant cost-cutting measures” in a memo sent to employees. These measures, aimed at aligning the company’s cost structure with its new operating model, include plans to save $10 billion in costs by 2025. A key…