Technology - CybAI news

15 Aug

Alibaba’s Revenue Misses Estimates in a Blow to Revival Effort

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Alibaba Group Holding Ltd. posted a disappointing 4% rise in revenue, after aggressive promotions and new shopping features failed to drive spending in a patchy Chinese consumer environment.The domestic e-commerce leader reportedBloomberg Terminal revenue of 243.2 billion yuan ($34 billion) in the June quarter, versus the average projection for about 249.9 billion yuan. Net income fell about 27% to 24.3 billion yuan, reflecting the heavy cost of attracting and retaining shoppers. Source link lol

15 Aug

CK Hutchison Profit Declines as Global Headwinds Persist

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CK Hutchison Holdings Ltd. has vowed to explore more deals with long-term value to navigate increasing geopolitical and financial market risks, as the Hong Kong conglomerate reported slumping profit for the first half of the year.The group, founded by billionaire Li Ka-shing, saw net income in the first half this year fall 9% to HK$10.2 billion ($1.3 billion), it said in a filing Thursday. Total revenue rose 4% to HK$232.6 billion during this period. Source link lol

15 Aug

Yale Spinout in Quantum Field Draws US Intelligence Agency Money

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Sequoia Capital-backed Quantum Circuits Inc. raised more than $60 million from investors including a fund set up by the US Central Intelligence Agency, as concern grows about quantum computing’s potential security implications.Sequoia’s only portfolio company in the nascent field said on Thursday it won an investment from In-Q-Tel Inc., a nonprofit that deploys funds from US intelligence agencies. Quantum Circuits will use the money to commercialize time on its superconducting quantum computer which boasts built-in error-detection. Source link lol

15 Aug

Meta Shuts Down CrowdTangle, Tool Used for Tracking Online Misinformation

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Meta Platforms Inc. on Wednesday shuttered CrowdTangle, a popular social media analysis tool that journalists, civic groups and researchers used to monitor trending posts on platforms like Facebook and Instagram in real time.The timing of the tool’s shutdown, months ahead of a major US presidential election, has drawn concern from groups that relied on CrowdTangle to track the flow of information on social media, including viral falsehoods that have led to real-world harm. Using CrowdTangle, journalists and researchers could show how many users engaged with a piece of content, which groups supercharged the spread of a post and just how…

15 Aug

Adyen’s Net Revenue Beats Estimates After Winning New Clients

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Adyen NV’s net revenue beat estimates in the first half of the year as it added new customers and existing merchants processed more transactions through the Dutch payments company.Adyen, which handles e-commerce payments for large enterprises and through point-of-sale terminals in physical stores, said net revenue increased 24% from a year earlier to €913.4 million ($1 billion) for the six months through June. That compares with an average estimate of €908.9 million in a Bloomberg survey of analysts. Source link lol

15 Aug

Cisco Gives Upbeat Sales Forecast Even as It Cuts Jobs

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Cisco Systems Inc., the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to a rebound in orders, but announced plans to cut thousands of jobs as part of a strategy shift. Sales will be $13.65 billion to $13.85 billion in the fiscal first quarter, which ends in October, the company said in a statementBloomberg Terminal Wednesday. Analysts had estimated a number at the very low end of that range. Source link lol

15 Aug

Lenovo’s Profit Beats as AI Demand Drives a Gradual PC Recovery

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Lenovo Group Ltd. reported better-than-expected quarterly profit, affirming hopes for a gradual computing industry recovery driven by global AI spending.Net income grew 38% to $243 million in the three months ended June, Lenovo said in a filing on Thursday. That compares with an average estimate for $231 million. Revenue rose 20% to $15.4 billion. Source link lol

15 Aug

Google Says Iranian Group Seeks Access to Biden-Trump Campaign Emails

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NEW YORK (AP) — Google said Wednesday that an Iranian group linked to the country’s Revolutionary Guard has tried to infiltrate the personal email accounts of roughly a dozen people linked to President Joe Biden and former President Donald Trump since May.The tech company's threat intelligence arm said the group is still actively targeting people associated with Biden, Trump and Vice President Kamala Harris, who replaced Biden as the Democratic candidate last month when he dropped out. It said those targeted have included current and former government officials, as well as presidential campaign affiliates. Source link lol

15 Aug

SEC Says It Fined 26 Firms in Latest WhatsApp Probe Fallout

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Twenty-six financial firms agreed to pay about $393 million in total fines after the US Securities and Exchange Commission said they failed to keep their employees’ electronic communications, the latest fallout from the regulator’s so-called WhatsApp investigations.The SEC said that Ameriprise Financial Inc., Edward D. Jones & Co., LPL Financial Holdings Inc., Raymond James Financial Inc. will pay $50 million each to settle cases with the agency. A Royal Bank of Canada unit will pay $45 million, while parts of Toronto-Dominion Bank, Truist Financial Corp. and Bank of New York Mellon Corp. were also among those agreeing to penalties, the…

15 Aug

Musk’s Free Speech Mantra Collides With Crackdowns on Hate Speech and Disinformation

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Elon Musk’s absolutist version of free speech has thrown the world’s richest man and his X social-media platform into the crosshairs of governments worldwide.In the UK, officials are weighing tougher rules for sites like X after a surge of online disinformation fueled an outbreak of riots. In India, X was ordered this year to remove posts and block certain accounts in response to farmer protests. And in Brazil, Musk is in a running battle with the nation’s highest court over its orders to suspend users who had circulated fake news. Source link lol