ReportWire

Tag: Consumer electronics

  • Why the U.K. is blocking Microsoft’s deal for Activision and what comes next

    Why the U.K. is blocking Microsoft’s deal for Activision and what comes next

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    A U.K. regulator made the surprising decision Wednesday to block Microsoft Corp.’s deal for Activision Blizzard Inc. in a further sign of resistance to the power of Big Tech.

    The U.K.’s Competition and Markets Authority announced Wednesday that it would prohibit the $69 billion deal as the merger could hurt competition in the nascent market for cloud gaming. The decision comes after the agency said in late March that it no longer thought the deal would threaten console gaming, which is a vastly larger and more established…

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  • Fox’s stock slides 4% on news Tucker Carlson is leaving the network

    Fox’s stock slides 4% on news Tucker Carlson is leaving the network

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    Tucker Carlson is leaving Fox News, according to a statement from the network on Monday that sent Fox shares down 4%.

    “FOX News Media and Tucker Carlson have agreed to part ways,” the company said in a terse statement. “We thank him for his service to the network as a host and prior to that as a contributor.”

    Carlson’s last program at the…

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  • How to protect yourself from iPhone thieves locking you out of your own device | CNN Business

    How to protect yourself from iPhone thieves locking you out of your own device | CNN Business

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    CNN
     — 

    A complex but concerning method of gaining control over a user’s iPhone and permanently locking them out the device appears to be on the rise.

    Some iPhone thieves are exploiting a security setting, called the recovery key, that makes it nearly impossible for owners to access their photos, messages, data and more, according to a recent Wall Street Journal report. Some victims also told the publication their bank accounts were drained after the thieves gained access to their financial apps.

    It’s important to note, however, this type of takeover is hard to pull off. It requires a criminal essentially watching an iPhone user enter the device’s passcode – for example, by looking over their shoulder at a bar or sporting event – or manipulating the device’s owner so they’ll share their passcode. And that’s all before they physically steal the device.

    From there, a thief could use the passcode to change the device’s Apple ID, turn off “Find my iPhone” so their location can’t be tracked, and then reset the recovery key, a complex 28-digit code intended to protect its owners from online hackers.

    Apple requires this key to help reset or regain access to an Apple ID in an effort to bolster the user’s security, but if a thief changes it, the original owner will not have the new code and will be locked out of the account.

    “We sympathize with people who have had this experience and we take all attacks on our users very seriously, no matter how rare,” an Apple spokesperson said in a statement to CNN. “We work tirelessly every day to protect our users’ accounts and data, and are always investigating additional protections against emerging threats like this one.”

    On its website, Apple warns “you’re responsible for maintaining access to your trusted devices and your recovery key. If you lose both of these items, you could be locked out of your account permanently.”

    Jeff Pollard, VP and principal analyst at Forrester Research, said the company should offer more customer support options and “ways for Apple users to authenticate so they can reset these settings.”

    For now, however, there are a handful of steps users can take to potentially protect themselves from having this happen to them.

    The first step is protecting the passcode.

    An Apple spokesperson told CNN people can use Face ID or Touch ID when unlocking their phone in public to avoid revealing their passcode to anyone who might be watching.

    Users can also set up a longer, alphanumeric passcode that’s harder for bad actors to figure out. Device owners should also change the passcode immediately if they believe someone else has seen it.

    Another step someone could consider is a hack not necessarily endorsed by Apple but one that’s been circulating online. Within an iPhone’s Screen Time setting, which allows guardians to set up restrictions on how kids can use the device, there is the option to set up a secondary password that would be required from any user before they could successfully change an Apple ID.

    By enabling this, a thief would be prompted for that secondary password before changing an Apple ID password.

    Finally, users can protect themselves by regularly backing up an iPhone – via iCloud or iTunes – so data can be recovered in the case an iPhone is stolen. At the same time, users may want to consider storing important photos or other sensitive files and data in another cloud service, such as Google Photos, Microsoft OneDrive, Amazon Photos or Dropbox.

    This won’t stop a bad actor from gaining access to the device, but it should limit some of the fallout if it ever should happen.

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  • SAP Cloud Sales Miss and Software Giant Cuts Outlook. Why the Stock Is Rising.

    SAP Cloud Sales Miss and Software Giant Cuts Outlook. Why the Stock Is Rising.

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    SAP


    missed expectations for sales in its key cloud division and cut its outlook in first-quarter earnings released Friday. But the stock is still rising after the German software giant beat estimates for overall profit and revenue.



    SAP


    (ticker: SAP) reported earnings of €1.27 ($1.39) a share on revenue of €7.44 billion in the first three months of 2023. Analysts surveyed by FactSet had expected profit of €1.10 on sales of €7.30 billion.

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  • Ericsson reports forecast-beating profit, but warns of choppy 2023

    Ericsson reports forecast-beating profit, but warns of choppy 2023

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    STOCKHOLM–Ericsson AB on Tuesday posted a smaller-than-expected drop in first-quarter net profit, but cautioned that the operating environment will remain choppy in 2023 with poor visibility as operators remain cautious with spending plans and continue to adjust inventories.

    The Swedish telecommunications-equipment company
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    said that customers in early 5G markets have slowed their deployment pace somewhat, while some customers have also lowered the elevated inventory levels built up in a tight supply environment. It expects this inventory adjustment to be mostly completed during the second quarter but might spill into the third quarter.

    Overall sales in its key network unit fell 4% on the year in the first quarter, but strong sales mainly in India helped offset a 30% sales drop in North America.

    Large roll-out projects weighed on networks gross margins in 1Q and will remain dilutive to gross margin in the short term, while network sales in 2Q are expected to be in line with 1Q, it added.

    Ericsson reported net profit attributable to shareholders of 1.52 billion Swedish kronor ($146.9 million) compared with SEK2.94 billion a year earlier, as sales rose 14% to SEK62.55 billion.

    Analysts polled by FactSet had expected net profit of SEK1.44 billion on sales of SEK60.95 billion.

    Write to Dominic Chopping at dominic.chopping@wsj.com

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  • Judge delays start of Fox News defamation trial until Tuesday

    Judge delays start of Fox News defamation trial until Tuesday

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    NEW YORK — The Delaware judge overseeing a voting machine company’s $1.6 billion defamation lawsuit against Fox News announced late Sunday that he was delaying the start of the trial until Tuesday. He did not cite a reason.

    The trial, which has drawn international interest, had been scheduled to start Monday morning with jury selection and opening statements.

    The case centers on whether Fox defamed Dominion Voting Systems by spreading false claims that the company rigged the 2020 presidential election to prevent former President Donald Trump’s reelection. Records produced as part of the lawsuit show that many of the network’s hosts and executives didn’t believe the allegations but aired them, anyway.

    Representatives for Dominion and for the two entities it’s suing — Fox News and its parent company, Fox Corp.
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    -1.35%

    — did not immediately return requests for comment on the delay. In his statement, Delaware Superior Court Judge Eric Davis said only that the trial, including jury selection, would be continued until Tuesday and that he would announce the delay in court on Monday.

    That’s when Fox News executives and the network’s star hosts were scheduled to begin answering for their role in spreading doubt about the 2020 presidential election and creating the gaping wound that remains in America’s democracy.

    Jurors hearing the $1.6 billion lawsuit filed against Fox by Dominion Voting Systems would have to answer a specific question: Did Fox defame the voting machine company by airing bogus stories alleging that the election was rigged against then-President Donald Trump, even as many at the network privately doubted the false claims being pushed by Trump and his allies?

    Yet the broader context looms large. A trial would test press freedom and the reputation of conservatives’ favorite news source. It also would illuminate the flow of misinformation that helped spark the Jan. 6, 2021, insurrection at the U.S. Capitol and continues to fuel Trump’s hopes to regain power in 2024.

    Fox News stars Tucker Carlson and Sean Hannity and founder Rupert Murdoch are among the people who had been expected to testify.

    Barring a settlement, opening statements are now scheduled for Tuesday.

    “This is Christmas Eve for defamation scholars,” said RonNell Andersen Jones, a University of Utah law professor.

    If the trial were a sporting event, Fox News would be taking the field on a losing streak, with key players injured and having just alienated the referee. Pretrial court rulings and embarrassing revelations about its biggest names have Fox on its heels.

    Court papers released over the past two months show Fox executives, producers and personalities privately disbelieved Trump’s claims of a fraudulent election. But Dominion says Fox News was afraid of alienating its audience with the truth, particularly after many viewers were angered by the network’s decision to declare Democrat Joe Biden the winner in Arizona on election night in November 2020.

    Some rulings by the judge have eased Dominion’s path. In a summary judgment, Davis said it was “CRYSTAL clear” that fraud allegations against the company were false. That means trial time won’t have to be spent disproving them at a time when millions of Republicans continue to doubt the 2020 results.

    Davis said it also is clear that Dominion’s reputation was damaged, but that it would be up to a jury to decide whether Fox acted with “actual malice” — the legal standard — and, if so, what that’s worth financially.

    Fox witnesses would likely testify that they thought the allegations against Dominion were newsworthy, but Davis made it clear that’s not a defense against defamation.

    New York law protects news outlets from defamation for expressions of opinion. But Davis methodically went through 20 different times on Fox when allegations against Dominion were discussed, ruling that all of them were fully or partly considered statements of fact, and fair game for a potential libel finding.

    “A lawsuit is a little bit like hitting a home run,” said Cary Coglianese, law professor at the University of Pennsylvania. “You have to go through all of the bases to get there.” The judge’s rulings “basically give Dominion a spot at third base, and all they have to do is come home to win it.”

    Both Fox and Dominion are incorporated in Delaware, though Fox News is headquartered in New York and Dominion is based in Denver.

    Fox angered Davis this past week when the judge said the network’s lawyers delayed producing evidence and were not forthcoming in revealing Murdoch’s role at Fox News. A Fox lawyer, Blake Rohrbacher, sent a letter of apology to Davis on Friday, saying it was a misunderstanding and not an intention to deceive.

    It’s not clear whether that would affect a trial. But it’s generally not wise to have a judge wonder at the outset of a trial whether your side is telling the truth, particularly when truth is the central point of the case, Jones said.

    The lawsuit essentially comes down to whether Dominion can prove Fox acted with actual malice by putting something on the air knowing that it was false or acting with a “reckless disregard” for whether it was true. In most libel cases, that is the most difficult hurdle for plaintiffs to get past.

    Dominion can point to many examples where Fox figures didn’t believe the charges being made by Trump allies such as Sidney Powell and Rudolph Giuliani. But Fox says many of those disbelievers were not in a position to decide when to air those allegations.

    “We think it’s essential for them to connect those dots,” Fox lawyer Erin Murphy said.

    If the case goes to trial, the jury will determine whether a powerful figure like Murdoch — who testified in a deposition that he didn’t believe the election-fraud charges — had the influence to keep the accusations off the air.

    “Credibility is always important in any trial in any case. But it’s going to be really important in this case,” said Jane Kirtley, director of the Silha Center for the Study of Media Ethics and the Law at the University of Minnesota.

    Kirtley is concerned that the suit may eventually advance to the U.S. Supreme Court, which could use it as a pretext to weaken the actual malice standard that was set in a 1964 decision in New York Times Co. v. Sullivan. That, she feels, would be disastrous for journalists.

    Dominion’s lawsuit is being closely watched by another voting-technology company with a separate but similar case against Fox News. Florida-based Smartmatic has looked to some rulings and evidence in the Dominion case to try to enhance its own $2.7 billion defamation lawsuit in New York. The Smartmatic case isn’t yet ready for trial but has survived Fox News’ effort to get it tossed out.

    Many experts are surprised Fox and Dominion have not reached an out-of-court settlement, though they can at any time. There’s presumably a wide financial gulf. In court papers, Fox contends the $1.6 billion damages claim is a wild overestimate.

    Dominion’s motivation may also be to inflict maximum embarrassment on Fox with the peek into the network’s internal communications following the election. Text messages from January 2021 revealed Carlson telling a friend that he passionately hated Trump and couldn’t wait to move on.

    Dominion may also seek an apology.

    The trial has had no apparent effect on Fox News’ viewership; it remains the top-rated cable network. Fox’s media reporter, Howard Kurtz, said earlier this year that he had been banned from covering the lawsuit, but the network has since changed direction. Kurtz discussed the case on his show Sunday, saying he would be in Wilmington for the beginning of the trial.

    “The real potential danger is if Fox viewers get the sense that they’ve been lied to. There’s a real downside there,” said Charlie Sykes, founder of the Bulwark website and an MSNBC contributor.

    There’s little indication that the case has changed Fox’s editorial direction. Fox has embraced Trump once again in recent weeks following the former president’s indictment by a Manhattan grand jury, and Carlson presented an alternate history of Capitol riot, based on tapes given to him by House Speaker Kevin McCarthy, R-Calif.

    Just because there has been limited discussion of the Dominion suit on Fox doesn’t mean its fans are unaware of it, said Tim Graham, director of media analysis at the conservative watchdog Media Research Center.

    “There’s a certain amount of tribal reaction to this,” Graham said. “When all of the other networks are thrilling to revealing text messages and emails, they see this as the latest attempt by the liberal media to undermine Fox News. There’s going to be a rally-around-Rupert effect.”

    Fox Corp. and MarketWatch parent News Corp. share common ownership.

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  • Microsoft Looks to ChatGPT AI to Transform Its Digital Ad Business

    Microsoft Looks to ChatGPT AI to Transform Its Digital Ad Business

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    Microsoft Looks to ChatGPT AI to Transform Its Digital Ad Business

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  • National Instruments, Tesla, Bed Bath & Beyond, and More Stock Market Movers

    National Instruments, Tesla, Bed Bath & Beyond, and More Stock Market Movers

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  • The new Steve Jobs book is free to download now — here’s where to get it 

    The new Steve Jobs book is free to download now — here’s where to get it 

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    Apple founder Steve Jobs has continued to inspire even after his death in 2011. Just this week, in fact, Tim Cook — Apple’s AAPL current CEO and chief operating officer for a decade-plus under Jobs — mused in a GQ interview on life lessons imparted by his predecessor. 

    And now anyone who wants to get an intimate glimpse into Jobs’s wisdom and reflections on his life, which was cut short at just 56, can download a curated collection of personal correspondence, speeches and interviews — for free.

    “Make…

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  • Coinbase, Newmont, Tilray, Hexo, Virgin Orbit, and More Stock Market Movers

    Coinbase, Newmont, Tilray, Hexo, Virgin Orbit, and More Stock Market Movers

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  • Apple is set to open its first retail store in Mumbai as it bets big on India | CNN Business

    Apple is set to open its first retail store in Mumbai as it bets big on India | CNN Business

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    Hong Kong
    CNN
     — 

    Apple is finally getting ready to open its first physical store in the country as it bets on India as a market and manufacturing base.

    The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the coronavirus pandemic.

    The company released a photograph of its new boarded-up storefront, located at Jio World Drive Mall, a property owned by Reliance Industries, the conglomerate of Indian tycoon Mukesh Ambani.

    “Hello Mumbai,” the statement said.

    A notice outside the store said it would be “arriving soon.” Apple

    (AAPL)
    did not immediately respond to a request for further details, such as the opening date.

    The launch would come more than 20 years since the California-based giant first entered the Indian market through third-party resellers.

    For years, Apple and other foreign retailers were restricted from setting up shop in the country unless they sourced at least 30% of raw materials locally, forcing them to rely on local partners. That changed in 2019, when the Indian government relaxed some investment rules.

    In 2020, the company launched an online store in India, allowing customers to buy its products and also, for the first time, customize certain devices.

    CEO Tim Cook has previously pointed to the importance of starting its own retail network in the country, saying, “I don’t want somebody else to run the brand for us.”

    More recently, the company has been ramping up manufacturing in India.

    It increased its exports from the country significantly last year, with the number of iPhones made and shipped from India rising 65% in 2022 compared to the previous year, according to Counterpoint Research.

    Apple first began making iPhones there in 2017. But in recent months, it has expanded production after suffering severe supply chain snags in mainland China, which accounts for the bulk of its smartphone manufacturing.

    Two of Apple’s top contract manufacturers, Foxconn and Wistron, were the fastest-growing manufacturers in India during the last quarter of 2022, according to Counterpoint.

    Last month, Foxconn CEO Young Liu spent a week in the country and met Prime Minister Narendra Modi.

    The southern state of Karnataka said Foxconn had announced a major deal during Liu’s visit and that 300 acres of land had been allocated for a facility.

    According to a report from Bloomberg citing unnamed sources, the Taiwanese company plans to invest about $700 million on a new plant in the state capital of Bengaluru to make iPhone parts.

    An Indian government minister said in January that Apple was hoping to boost its output in India to a quarter of its overall total from somewhere between 5% and 7%. Apple did not respond to a request for comment at the time.

    As a market for iPhones, however, India still has a long way to go.

    Apple leads sales of premium smartphones in India, with the iPhone 13 ranking as the country’s overall bestseller in the segment last year, according to Counterpoint.

    But the company lags behind other brands in the overall market, which is led by Xiaomi and Samsung

    (SSNLF)
    , the research firm said.

    Apple accounted for just 1% of India’s smartphone market in 2019, and may notch more than 5% this year, Prachir Singh, a Counterpoint senior analyst, added.

    He said its market share could grow as it opens its own stores in the country, particularly as Mumbai is the second largest Indian market for Apple after Delhi.

    “Apple will be able to control the end-to-end user experience, and this will further take its brand image one level up,” Singh said.

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  • Apple CEO Tim Cook explains why consumers would want a mixed-reality headset

    Apple CEO Tim Cook explains why consumers would want a mixed-reality headset

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    Apple Inc. Chief Executive Tim Cook, GQ’s latest cover boy, has a sales pitch for a mixed-reality headset.

    “The idea that you could overlay the physical world with things from the digital world could greatly enhance people’s communication, people’s connection,” Cook told GQ, without confirming the rumored June 5 announcement of Apple’s
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    Reality Pro headset.

    Apple’s plunge into the so-called metaverse would offer a jolt to a flagging industry as well as serious competition to Facebook parent Meta Platforms Inc.
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    Alphabet Inc.’s
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    Google, Microsoft Corp.
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    ,
    Snap Inc.
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    and others.

    ‘It’s the idea that there is this environment that may be even better than just the real world — to overlay the virtual world on top of it might be an even better world.’


    — Tim Cook

    Creative users, the lifeblood of Apple’s business model, stand to gain the most from virtual-reality products, according to Cook.

    “It’s the idea that there is this environment that may be even better than just the real world — to overlay the virtual world on top of it might be an even better world,” Cook told GQ. “If it could accelerate creativity, if it could just help you do things that you do all day long and you didn’t really think about doing them in a different way.”

    Cook also looked inward during the far-ranging interview, explaining his persona and the challenges in succeeding the legendary Steve Jobs as Apple CEO. Jobs died in 2011.

    “I always hate the word normal in a lot of ways, because what some people use to describe normal equals straight,” Cook said. “Some people would use that word in that kind of way. I don’t know — I’ve been described as a lot of things, but probably normal is not among those.”

    Added Cook: “I knew I couldn’t be Steve. I don’t think anybody could be Steve. I think he was a once-in-a-hundred-years kind of individual, an original by any stretch of the imagination. And so what I had to do was to be the best version of myself.”

    From the archives (October 2011): Steve Jobs: MarketWatch’s CEO of the Decade

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  • GM plans to phase out Apple CarPlay in EVs, with Google’s help | CNN Business

    GM plans to phase out Apple CarPlay in EVs, with Google’s help | CNN Business

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    General Motors plans to phase out widely used Apple

    (AAPL)
    CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s infotainment system, shifting instead to built-in infotainment systems developed with Google

    (GOOG)
    for future electric vehicles.

    Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle’s dashboard display.

    GM’s decision to stop offering those systems in future electric vehicles, starting with the 2024 Chevrolet Blazer, could help the automaker capture more data on how consumers drive and charge EVs.

    GM is designing the on-board navigation and infotainment systems for future EVs in partnership with Alphabet’s Google.

    The decision to phase out CarPlay smartphone projection technology is a setback for Apple in the competition with Google to capture more real estate on vehicle dashboards in North America. GM’s Chevrolet brand in the past boasted of offering more models with CarPlay or Android Auto than any other brand.

    GM has been working with Google since 2019 to develop the software foundations for infotainment systems that will be more tightly integrated with other vehicle systems such as GM’s Super Cruise driver assistant. The automaker is accelerating a strategy for its EVs to be platforms for digital subscription services.

    By 2035, GM’s goal is to phase out production of new combustion light-duty vehicles.

    GM would benefit from focusing engineers and investment on one approach to more tightly connecting in-vehicle infotainment and navigation with features such as assisted driving, Edward Kummer, GM chief digital officer, and Mike Hichme, executive director of digital cockpit experience, said in an interview.

    “We have a lot of new driver assistance features coming that are more tightly coupled with navigation,” Hichme told Reuters. “We don’t want to design these features in a way that are dependent on a person having a cellphone.”

    Buyers of GM EVs with the new systems will get access to Google Maps and Google Assistant, a voice command system, at no extra cost for eight years, GM said. GM said the future infotainment systems will offer applications such as Spotify’s music service, Audible and other services that many drivers now access via smartphones.

    “We do believe there are subscription revenue opportunities for us,” Kummer said. GM Chief Executive Mary Barra is aiming for $20 billion to $25 billion in annual revenue from subscriptions by 2030.

    GM plans to continue offering Apple CarPlay and Android Auto mirroring systems in its combustion models. Owners of vehicles equipped with the mirroring technologies will still be able to use the systems, GM said.

    Drivers also will still be able to listen to music or make phone calls on iPhones or Android smartphones using Bluetooth wireless connectivity, GM said.

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  • Dominion Voting Systems’ defamation case against Fox News should continue to trial, says Delaware judge

    Dominion Voting Systems’ defamation case against Fox News should continue to trial, says Delaware judge

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    DOVER, Del. (AP) — A voting-machine company’s defamation case against Fox News over its airing of false allegations about the 2020 presidential election will go to trial after a Delaware judge on Friday ruled that a jury must decide whether the network aired the claims with actual malice, the standard for proving libel against public figures.

    Superior Court Judge Eric Davis ruled that neither Fox nor Dominion Voting Systems had presented a convincing argument to prevail on whether Fox acted with malice without the case going to trial. But he also ruled that the statements Dominion had challenged constitute defamation “per se” under New York law. That means Dominion did not have to prove damages to establish liability by Fox.

    ‘The evidence developed in this civil proceeding demonstrates that [it] is CRYSTAL clear that none of the statements relating to Dominion about the 2020 election are true.’


    — Superior Court Judge Eric Davis

    “The evidence developed in this civil proceeding demonstrates that [it] is CRYSTAL clear that none of the statements relating to Dominion about the 2020 election are true,” Davis wrote in his summary judgment ruling.

    The decision paves the way for a trial start in mid-April.

    Dominion is suing the network for $1.6 billion, claiming Fox defamed it by repeatedly airing false allegations by then-President Donald Trump and his allies in the weeks after the 2020 election claiming the company’s machines and its accompanying software had switched votes to Democrat Joe Biden. The network aired the claims even though internal communications show that many of its executives and hosts didn’t believe them.

    The company sued Fox News and its parent, Fox Corp.
    FOX,
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    FOXA,
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    ,
    which shares ownership with News Corp
    NWS,
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    NWSA,
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    ,
    parent company of MarketWatch publisher Dow Jones.

    Don’t miss: Top congressional Democrats Schumer and Jeffries seek on-air acknowledgements that Fox News personalities knew Trump lost and election wasn’t stolen

    See: 2020 election ‘was not stolen,’ Fox Chairman Rupert Murdoch said under oath, according to evidence in Dominion case

    Also: Pro-Trump on air, Tucker Carlson privately told his Fox News producer that he hates the former president with a passion

    Fox has said it was simply covering newsworthy allegations made by a sitting president claiming his re-election had been stolen from him. In his ruling, Davis said Fox could not escape potential liability by claiming privileges for neutral reporting or opinion.

    “FNN’s failure to reveal extensive contradicting evidence from the public sphere and Dominion itself indicates that its reporting was not disinterested.” the judge wrote.

    In a statement issued after the ruling, Dominion said it was gratified that the court had rejected Fox’s arguments and found “as a matter of law that their statements about Dominion are false. We look forward to going to trial.”

    Fox emphasized that the case is about the media’s First Amendment protections in covering the news. “Fox will continue to fiercely advocate for the rights of free speech and a free press as we move into the next phase of these proceedings,” the network said in a statement.

    See: ‘A complete nut’: Fox News hosts didn’t believe 2020 election fraud claims

    Also: Tucker Carlson, Sean Hannity among potential witnesses at Fox News trial

    The coverage fed an ecosystem of misinformation surrounding Trump’s loss in 2020 that has persisted ever since.

    MarketWatch contributed.

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  • EA laying off 6% of staff in cost-cutting push for videogame publisher

    EA laying off 6% of staff in cost-cutting push for videogame publisher

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    Electronic Arts Inc. on Wednesday announced intentions to slash 6% of its workforce as the videogame publisher looks to cut costs.

    “As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams,” Chief Executive Andrew Wilson said in a note to employees that was also shared publicly.

    Wilson…

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  • Micron Sales Plunge 53%. It Is Cutting More Staff. Better Days Lie Ahead.

    Micron Sales Plunge 53%. It Is Cutting More Staff. Better Days Lie Ahead.

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    Micron


    Technology shares are modestly higher in late trading Tuesday after the memory chip company posted financial results for its fiscal second quarter ended March 2 that were about in line with expectations, as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also said that as part of its cost-reduction program, it will reduce staff by about 15%—up from a previous plan to cut heads by 10%.

    But there are some promising signs for the memory chip maker.

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  • Disney eliminates metaverse division in cost-cutting purge: report

    Disney eliminates metaverse division in cost-cutting purge: report

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    The metaverse is among the first victims of Walt Disney Co.’s cost-cutting purge.

    The Magic Kingdom is shutting down its next-generation storytelling and consumer-experiences unit, the small division that was developing metaverse strategies, as part of a plan to slash 7,000 jobs, according to a Wall Street Journal report on Tuesday.

    Disney…

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  • Intel co-founder Gordon Moore, author of ‘Moore’s Law’ that helped drive computer revolution, dies at 94 | CNN Business

    Intel co-founder Gordon Moore, author of ‘Moore’s Law’ that helped drive computer revolution, dies at 94 | CNN Business

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    Intel co-founder Gordon Moore, a pioneer in the semiconductor industry whose “Moore’s Law” predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced.

    Intel

    (INTC)
    and Moore’s family philanthropic foundation said he died surrounded by family at his home in Hawaii.

    Co-launching Intel in 1968, Moore was the rolled-up-sleeves engineer within a triumvirate of technology luminaries that eventually put “Intel Inside” processors in more than 80% of the world’s personal computers.

    In an article he wrote in 1965, Moore observed that, thanks to improvements in technology, the number of transistors on microchips had roughly doubled every year since integrated circuits were invented a few years before.

    His prediction that the trend would continue became known as “Moore’s Law” and, later amended to every two years, it helped push Intel and rival chipmakers to aggressively target their research and development resources to make sure that rule of thumb came true.

    “Integrated circuits will lead to such wonders as home computers – or at least terminals connected to a central computer – automatic controls for automobiles, and personal portable communications equipment,” Moore wrote in his paper, two decades before the PC revolution and more than 40 years before Apple launched the iPhone.

    After Moore’s article, chips became more efficient and less expensive at an exponential rate, helping drive much of the world’s technological progress for half a century and allowing the advent of not just personal computers, but the internet and Silicon Valley giants like Apple

    (AAPL)
    , Facebook

    (FB)
    and Google

    (GOOG)
    .

    “It sure is nice to be at the right place at the right time,” Moore said in an interview around 2005. “I was very fortunate to get into the semiconductor industry in its infancy. And I had an opportunity to grow from the time where we couldn’t make a single silicon transistor to the time where we put 1.7 billion of them on one chip! It’s been a phenomenal ride.”

    In recent years, Intel rivals such as Nvidia

    (NVDA)
    have contended that Moore’s Law no longer holds as improvements in chip manufacturing have slowed down.

    But despite manufacturing stumbles that have caused Intel to lose market share in recent years, current CEO Pat Gelsinger has said he believes Moore’s Law still holds as the company invests billions of dollars in a turnaround effort.

    Even though he predicted the PC movement, Moore told Forbes magazine that he did not buy a home computer himself until the late 1980s.

    A San Francisco native, Moore earned a Ph.D. in chemistry and physics in 1954 at the California Institute of Technology.

    He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. Part of the “traitorous eight,” they departed in 1957 to launch Fairchild Semiconductor. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

    Moore and Noyce’s first hire was another Fairchild colleague, Andy Grove, who would lead Intel through much of its explosive growth in the 1980s and 1990s.

    Moore described himself to Fortune magazine as an “accidental entrepreneur” who had no burning urge to start a company – but he, Noyce and Grove formed a powerhouse partnership.

    While Noyce had theories about how to solve chip engineering problems, Moore was the person who rolled up his sleeves and spent countless hours tweaking transistors and refining Noyce’s broad and sometimes ill-defined ideas, efforts that often paid off. Grove filled out the group as Intel’s operations and management expert.

    Moore’s obvious talent also inspired other engineers working for him, and, under his and Noyce’s leadership, Intel invented the microprocessors that would open the way to the personal computer revolution.

    He was executive president until 1975 although he and CEO Noyce considered themselves equals. From 1979 to 1987 Moore was chairman and CEO and he remained chairman until 1997.

    In 2023 Forbes magazine estimated his net worth at $7.2 billion.

    Moore was a longtime sport fisherman, pursuing his passion all over the world and in 2000 he and his wife, Betty, started a foundation that focused on environmental causes. The foundation, which took on projects such as protecting the Amazon River basin and salmon streams in the US, Canada and Russia, was funded by Moore’s donation of some $5 billion in Intel stock.

    He also gave hundreds of millions to his alma mater, the California Institute of Technology, to keep it at the forefront of technology and science, and backed the Search for Extraterrestrial Intelligence project known as SETI.

    Moore received a Medal of Freedom, the nation’s highest civilian honor, from President George W. Bush in 2002. He and his wife had two children.

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  • Google suspends Chinese shopping app Pinduoduo over malware | CNN Business

    Google suspends Chinese shopping app Pinduoduo over malware | CNN Business

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    Hong Kong
    CNN
     — 

    Google has suspended Pinduoduo, a popular Chinese budget shopping app, from its Play Store after finding malware in versions of the app.

    In a Tuesday statement, Google said versions of the app that are not in the Play Store have been found to contain malware.

    “We have suspended the Play version of the app for security concerns while we continue our investigation,” a Google spokesperson said.

    It has also enforced Google Play Protect, which scans apps installed on Android phones for harmful behavior, on the allegedly malicious apps, according to the statement.

    “Google Play Protect enforcement has been set to block installation attempts of these identified malicious apps. Users that have malicious versions of the app downloaded to their devices are warned and prompted to uninstall the app,” the spokesperson said.

    In a statement to CNN, Pinduoduo said it was informed by Google Play on Tuesday morning that its app had been “temporarily suspended” because the current version is “not compliant with Google’s Policy.” It said Google Play did not share more details.

    “We are communicating with Google for more information. We have been told that there are several other apps that have been suspended as well,” a Pinduoduo spokesperson said.

    In a later statement Pinduoduo said it strongly rejects “the speculation and accusation that Pinduoduo app is malicious just from a generic and non-conclusive response from Google.”

    It reiterated that “there are several apps that have been suspended from Google Play at the same time.”

    CNN has asked Google for information on whether other apps have also been suspended.

    Malware, short for malicious software, refers to any software developed to steal data or damage computer systems and mobile devices. When hidden in apps, it can be used to gain unauthorized access to information on a user’s phone.

    Pinduoduo is one of China’s most popular e-commerce platforms, with approximately 900 million users. It made its name with a group buying business model, allowing people to save money by enlisting friends to buy the same item in bulk.

    Riding on the domestic success of Pinduoduo, its US-listed parent company PDD last year launched Temu, an online shopping platform in the United States.

    Temu, which runs an online superstore for virtually everything — from home goods to apparel to electronics — has quickly become the most downloaded app in the US for both iOS and Android.

    Since its rollout in September, the app had been downloaded 24 million times as of last month, racking up more than 11 million monthly active users, according to Sensor Tower.

    Google did not mention Temu in its statement. The app is still available to download on the Play Store.

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  • Google Glass is being discontinued, again | CNN Business

    Google Glass is being discontinued, again | CNN Business

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    New York
    CNN
     — 

    Google will no longer sell the latest Enterprise Edition of Google Glass, the company announced this week, effectively killing off an innovative but failed wearable product line from another era that many consumers may have assumed was long gone.

    First unveiled in 2013, Google Glass was initially marketed for a general audience, with the promise of giving people access to a computer on their face rather than having to pull out a phone. But the smartglasses were discontinued in 2015 after beta versions failed to gain traction due to its high price tag, clunky design and concerns about privacy.

    Google then shifted the focus from consumers to enterprise. The first Enterprise edition of Glass, announced in 2017, was pushed for use in industries such as manufacturing and logistics. The Enterprise Edition 2, released in 2019, was Google’s last attempt at saving the Glass product. But the $999 product failed to catch on.

    “Thank you for over a decade of innovation and partnership,” Google wrote on its FAQ page announcing the decision. The company will continue to support the phased out Enterprise Edition until September.

    Google did not respond to CNN’s request for comment.

    Google’s decision to discontinue the product comes amid cost cuts across the company. Like many of its peers, Google has recently announced plans to lay off thousands in response to recession fears and shifting pandemic demand for digital products.

    Still, the dream of Google Glass lives on. Snapchat’s parent company sells Spectacles, another set of smartglasses that has struggled over the years to gain traction. Apple is reportedly working on augmented reality glasses. And even after the setback of Glass, Google said last year it was continuing to test other AR glasses.

    “Augmented reality (AR) is opening up new ways to interact with the world around us,” the company said in a blog post last summer. “It can help us quickly and easily access the information we need — like understanding another language or knowing how best to get from point A to point B.”

    A decade after Google launched Glass with a similarly ambitious objective, the future is still coming into focus.

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