Technology - CybAI news

13 Aug

Susan Wojcicki Remembered for ‘Quiet Leadership’ at Google

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The death of Susan Wojcicki, YouTube’s longtime chief, came as a shock in part because the executive chose to live as privately as she could. But first... Source link lol

13 Aug

Tech Could Use More Susan Wojcickis

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As the CEO of Alphabet Inc.’s YouTube, Susan Wojcicki was no stranger to controversy. She once said that trying to manage a platform struggling with misinformation and vile behavior meant that “everybody is angry at you all the time.”But after learning that she had died last week at age 56 after a two-year battle with lung cancer, the firestorm I keep coming back to had nothing to do with the business she ran. It took place during a period in 2015 when interviewers at tech conferences couldn’t seem to stop asking Wojcicki about her kids. The CEO had five of…

13 Aug

Mercedes, BMW Reveal Battery Makers Amid Fire Fears in Korea

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The South Korean units of Mercedes-Benz Group AG and BMW AG disclosed the names of the companies that supply their electric-vehicle batteries for the first time after an EV explosion in the country prompted a nationwide safety investigation. The German carmakers revealed the battery suppliers for their EV models Tuesday on their websites, after Hyundai Motor Co. and Kia Corp. shared the names of their battery makers in recent days. At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers, and offer free inspections to owners. Source link…

13 Aug

Turkish Satellite Firm Eyes $400 Million Valuation in Funding Debut

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Plan-S, the satellite and space technology unit of Turkey’s Kontrolmatik Enerji Ve Muhendislik AS, is launching an equity funding round that would value the company at $400 million.The single-asset fund, offered by the investment arm of state-run Ziraat Bank, aims to raise as much as $40 million from institutional and individual investors in Turkey and abroad for Ankara-based Plan-S, Kontrolmatik Chairman Sami Aslanhan told Bloomberg in Istanbul on Monday. Source link lol

13 Aug

Traders Hope Alphabet’s Pixel Event Can Stem $360 Billion Rout

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Alphabet Inc. investors are anxiously awaiting a Google hardware event on Tuesday — banking on new AI features to help stop a selloff that’s wiped out more than $360 billion in market value in just one month.Google is unveiling one of the biggest redesigns of its Pixel phones in their nearly decade-long history at an event starting at 10 a.m. in Mountain View, California. While the devices are usually an afterthought for investors because of their small revenue contribution relative to Google’s digital advertising business, expectations are high that new AI capabilities could demonstrate leadership in the highly competitive arena.…

13 Aug

Meta Faces Legal Challenge From Polish Billionaire Over Fake Ads

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Polish billionaire Rafal Brzoska won an injunction temporarily banning Meta Platforms Inc. from publishing fake ads that use images of him or his wife Omena Mensah in Poland. Brzoska, the founder and chief executive officer of Amsterdam-listed InPost SA parcel locker company, said in an interview that the Polish Personal Data Protection Office’s three-month ban announced last week on ads that use images of him or his wife to lure people into fraudulent investment platforms was only the beginning. Source link lol

13 Aug

Telecom Italia to Get €250 Million in Inwit Stake Sale to Ardian

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Telecom Italia SpA sold its remaining stake in mobile tower operator Infrastrutture Wireless Italiane SpA, picking up the pace in its drive to de-leverage and boosting cash flow beyond its full-year guidance levels.The carrier sold its indirect holding of about 3% in the tower company known as Inwit to a group led by French private equity firm Ardian SAS, according to a statement Tuesday. The one-time phone monopoly said it will cash in approximately €250 million ($273 million) from the deal, confirming an earlier report by Bloomberg. Source link lol

13 Aug

India Watchdog to Withdraw Report Accusing Apple of Market Abuse

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Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.India’s antitrust regulator will withdraw a report that found Apple Inc. abused its dominance of the domestic market, backtracking for now from its high-profile investigation into the US company. Source link lol

13 Aug

UK Energy Regulator Signs Off on £3.4 Billion Electricity ‘Superhighway’

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UK energy regulator Ofgem gave the green light to a £3.4 billion ($4.4 billion) funding package to build a proposed electricity “superhighway” under the North Sea.The project entails laying a 500-kilometer (311-mile) cable between Scotland and northern England to power as many as 2 million homes, the watchdog said in a statement on Tuesday. It’s the first of 26 projects in Ofgem’s fast-track funding process for offshore wind power. Source link lol

13 Aug

Why Weight-Loss Drugs Are Billion-Dollar Blockbusters: QuickTake

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Obesity is among the world’s most common health conditions, but for years medicine had few effective approaches to offer short of surgery. That’s why there’s been so much excitement about a new class of drugs that’s helping patients shed dozens of pounds at far lower risk — and generating billions in revenue for pharmaceutical companies. The mania over these drugs is drawing responses from businesses as varied as airlines, dialysis centers and big box chains, sending stock markets into a frenzy. Novo Nordisk A/S’s Ozempic was publicized by Hollywood, where it also became a punchline, and now Eli Lilly &…